Resistance

Time

<ul class="list-ic vertical">
 <li><span>1</span> <a>Moderna stock price is currently trading at $98.30 with a drop of 2.46% in the last 24 hours with MRNA having a current market cap of $37.412 Billion.</a></li>
 <li><span>2</span> <a>Moderna stock price decreased by 3.28% over the past seven days.</a></li>
</ul>
<p>Moderna stock price has been on a downtrend throughout the year, as it faced resistance from the higher levels and formed lower lows. This shows that the bears have been in control and that the stock has lost its momentum. The stock has also broken below the key moving averages, which indicates further weakness.</p>
<p>The bears has maintained a bearish momentum and are dominating at the higher levels. Moderna (NASDAQ: MRNA) stock has returned to its previous lower level, which could act as a support. Technical analysis suggests that the stock is oversold and could bounce back from the lower levels. However, the stock needs to show some signs of strength and reversal before confirming a pullback rally.</p>
<p>Moderna share (NASDAQ: MRNA) price is in a correction phase but trading near the crucial support of $96. MRNA stock price closed the previous session at $98.30 with an intraday loss of 2.46%. If the buyers succeed in defending the current support level, then the possibility of a bounce back will increase. However, if the sell-off continues and Moderna stock drops below lower levels, more downfall is likely.</p>
<p>Buyers tried multiple times to break the higher range and expand upwards. However, due to the strong presence of sellers, prices faced rejection. It shows sellers are still active on higher levels.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-of-moderna-stock-price-in-1-d-time-frame-strong"><strong>Technical Analysis of Moderna Stock Price in 1-D Time Frame</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh4.googleusercontent.com/vuZugBPa-qjKtvbjRupZ2-kTROhhGqLWwDIcMUCtQkTN2yT5I-nTTR4y3WCWGdW-AvN5X0KsbmNmaUP73pGye0WUrv39ZZo52yxITauU6zmOXVkSoA8_f7ahTJEVNqDV4AqAOdMfp64Sq7_q6ogk4Ug" alt="Moderna Stock Forecast: Will MRNA Stock Rebound From Lower Levels?">
  <figcaption class="wp-element-caption">
   Source: Moderna.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div>
<p>Moderna price is trading below the downward-sloping 50-day and 200-day EMAs showcasing a downtrend. However, the Moderna price has gone far away from the EMAs.&nbsp;</p>
<p>The MACD generated a negative crossover and the histogram is also red indicating bearishness.</p>
<p>The current value of RSI is 38.88 points. The 14 SMA is above the median line at 44.03 points which indicates that the Moderna <a href="https://www.thecoinrepublic.com/2023/09/19/moderna-stock-will-mrna-stock-price-drop-below-90-mark/" rel="noopener noreferrer nofollow">stock</a> is bearish.</p>
<h2 class="wp-block-heading" id="strong-weekly-time-horizon-analysis-strong"><strong>Weekly-Time Horizon Analysis</strong></h2>
<p>Moderna stock has shown sellers’ strength on the weekly charts.&nbsp; Moreover, the price traded below the key EMAs, which shows further weakness in the stock. The RSI curve is near the oversold region at 36, and a negative outlook was noted, indicating bearishness in the stock. The MACD indicator also formed red bars, and a bearish crossover was noted, which signals bearish moves.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>Moderna stock (NASDAQ: MRNA) technical oscillators also support the bearish trend. The MACD, RSI, and EMAs are emphasizing negative signs and imply that the downtrend might continue in the MRNA stock price. Moderna price action suggests that the investors and traders are bearish on the 1-day time frame. The price action reflects a bearish perspective at the moment.</p>
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3>
<p>Support Levels: The Moderna stock price may find support at $96.00 and $90.00, where it could bounce back or stabilize.</p>
<p>Resistance levels: The MRNA stock price may face resistance at $100.00 and $120.00, where it could reverse or consolidate.</p>
<h3 class="wp-block-heading" id="strong-disclaimer-strong"><strong>Disclaimer</strong></h3>
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

Moderna Stock Forecast: Will MRNA Stock Rebound From Lower Levels?

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