Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Moderna stock price is currently trading at $104.14 with a drop of 9.12% in the last 24 hours and market cap of $39.635 Billion.</a> </li> 
 <li> <span>2</span> <a>Moderna stock price decreased by 2.49% over the past seven days.</a> </li> 
</ul> 
<p>The stock price of Moderna stock (NASDAQ: MRNA) shows signs of weakness, losing the gains it made below the key moving averages. The buyers failed to maintain the momentum and started to exit their positions, resulting in a decline in the stock price.</p> 
<p>Moderna stock has been in a downtrend for the past months, forming lower highs and lower lows patterns, and facing resistance from the upper trendline, which prevented it from breaking out of the trend. The price action indicates that Moderna stock has been under selling pressure, and the buyers have been passive. On the other hand, the sellers have a strong advantage and continue to make short positions.</p> 
<p>At press time, MRNA stock price was trading at $104.14 with an intraday minor loss of 9.12%, breaking below the 50-day EMA, and showing bearishness on the charts. Moreover, the intraday trading volume is 104.14 Million and the average 10-day volume is 4.559 Million. The market cap of MRNA stock is $39.635 Billion.</p> 
<p>Over the span of a week, MRNA stock has experienced a decrease of approximately 2.49% and this decline has been seen in the course of a month, reaching around -1.66%. Looking back over a three-month period, MRNA shares have dropped by about 18.51%, while the decline extends to around 32.07% over the last six months. Furthermore, the stock’s performance throughout the year has been lackluster, with a year-to-date slump of approximately 42.42%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-moderna-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of Moderna Stock Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/Vn_xdpBuWQkgmz4UKLy-rmidvQ2afD2zeKVWdK_828R6_wujh2J-3ibG1HgjZVx5hXd8y9Iwu2Pw-nN0SSOYu9RJFWutnLA_Y0rgdQmlLD7abqQcEA0mQ4cFpsgBKkWE67khw4wK9Aw0ZTuALJoIWQ" alt="Moderna Stock: Will MRNA Stock Price Drop Below $90 Mark?"> 
  <figcaption class="wp-element-caption">
    Source: Moderna.1D.NASDAQ by <a href="https://www.tradingview.com/x/WNkKUywE/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>Moderna stock is currently trading below the 50, 100, and 200-day SMAs, which are providing support to the price trend. However, if selling pressure increases, the price could break below these SMAs and move lower.</p> 
<p>The RSI indicator is currently at 41.88, which is in the neutral zone. However, the 14-day SMA is at 48.46, which is a bearish signal. The MACD indicator is neutral, with the MACD curve trading sideways. This indicates that the Moderna stock is neutral.</p> 
<p>Overall, the technical indicators suggest that Moderna’s <a href="https://www.thecoinrepublic.com/2023/09/04/moderna-mrna-stock-price-at-make-or-break-level-what-next/" target="_blank" rel="noopener noreferrer nofollow">stock price</a> is bearish. However, if it can break the key EMAs level, it could enter a new positive trend.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Moderna (NASDAQ: MRNA) technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the MRNA stock price. Moderna price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels</strong>: $99.37 and $85.67.</li> 
 <li><strong>Resistance Levels: </strong>$108.72 and $122.42.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<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: Will MRNA Stock Price Drop Below $90 Mark?

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Thecoinrepublic.com

Ďalšie články zverejnené 19. 9. 2023

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