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Moderna Inc (MRNA) “On a long-term technical basis, the stock (MRNA) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 26.66 suggesting the next support level is at 23.95. This weakness suggests the long-term trend is turning neutral.
The stock has support at 23.95 and 21.47. If the stock breaks down through support at 23.95 then it will probably continue lower to 21.47. The stock will meet resistance at 26.66 and 36.00. If the stock breaks up through resistance at 26.66 then it will probably continue higher to 36.00. The 200-day moving average is at 17.51. This will also act as support. The stock is neutral according to the Stochastic Indicator (42.02).”
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