Moderna Inc. Common Stock MRNA Technical Data

November 04, 2021, 18:30 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Moderna Inc. Common Stock (NASDAQ: MRNA) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MRNA change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MRNA is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MRNA too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for MRNA

• Buy MRNA slightly over 270.04 target 341.36 stop loss @ 269.26 Details

The technical summary data tells us to buy MRNA near 270.04 with an upside target of 341.36. This data also tells us to set a stop loss @ 269.26 to protect against excessive loss in case the stock begins to move against the trade. 270.04 is the first level of support below 284.45 , and by rule, any test of support is a buy signal. In this case, support 270.04 would be being tested, so a buy signal would exist.

• Short MRNA under 341.36, target 270.04, stop loss @ 342.35 Details

The technical summary data is suggesting a short of MRNA as it gets near 341.36 with a downside target of 270.04. We should have a stop loss in place at 342.35though. 341.36 is the first level of resistance above 284.45, and by rule, any test of resistance is a short signal. In this case, if resistance 341.36 is being tested, so a short signal would exist.

Swing Trading Plans for MRNA

• Buy MRNA slightly over 319.20, target 341.36, Stop Loss @ 318.28 Details

If 319.20 begins to break higher, the technical summary data tells us to buy MRNA just slightly over 319.20, with an upside target of 341.36. The data also tells us to set a stop loss @ 318.28 in case the stock turns against the trade. 319.20 is the first level of resistance above 284.45, and by rule, any break above resistance is a buy signal. In this case, 319.20, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MRNA near 319.20, target 270.04, Stop Loss @ 320.12. Details

The technical summary data is suggesting a short of MRNA if it tests 319.20 with a downside target of 270.04. We should have a stop loss in place at 320.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 319.20, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MRNA

• Buy MRNA slightly over 309.90, target 319.20, Stop Loss @ 309.18 Details

If 309.90 begins to break higher, the technical summary data tells us to buy MRNA just slightly over 309.90, with an upside target of 319.20. The data also tells us to set a stop loss @ 309.18 in case the stock turns against the trade. 309.90 is the first level of resistance above 284.45, and by rule, any break above resistance is a buy signal. In this case, 309.90, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MRNA near 309.90, target 270.04, Stop Loss @ 310.62. Details

The technical summary data is suggesting a short of MRNA if it tests 309.90 with a downside target of 270.04. We should have a stop loss in place at 310.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 309.90, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

MRNA Ratings for November 04:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	270.04
P2	309.90	319.20	341.36
P3	340.02	348.83	422.63

Support and Resistance Plot Chart for MRNA

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.