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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 59.38 suggesting the next support level is at 56.38. This weakness suggests the long-term trend is turning neutral.
The stock has support at 56.38 and 50.24. If the stock breaks down through support at 56.38 then it will probably continue lower to 50.24. The stock will meet resistance at 59.38 and 87.00. If the stock breaks up through resistance at 59.38 then it will probably continue higher to 87.00. The 200-day moving average is at 25.09. This will also act as support. The stock is neutral according to the Stochastic Indicator (60.39).”
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