Green day on Wednesday for Moderna Inc. stock after gaining 0.74%StockInvest.us, 3 months ago
The Moderna Inc. stock price gained 0.74% on the last trading day (Wednesday, 25th Aug 2021), rising from $394.94 to $397.87. During the day the stock fluctuated 6.66% from a day low at $387.97 to a day high of $413.80. The price has been going up and down for this period, and there has been a 3.25% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 500 thousand more shares were traded than the day before. In total, 14 million shares were bought and sold for approximately $5.69 billion.
On August 06, 2021 "Piper Sandler" gave "" rating for MRNA. The price target was changed from $416.26 to 0.7%.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $368.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 101.87% during the next 3 months and, with a 90% probability hold a price between $743.36 and $1 082.00 at the end of this 3-month period.
The Moderna Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $394.84 and $351.08. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, August 09, 2021, and so far it has fallen -17.88%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).
Moderna Inc. finds support from accumulated volume at $385.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $25.83 between high and low, or 6.66%. For the last week, the stock has had a daily average volatility of 5.77%.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Moderna Inc. stock to perform well in the short-term.Check full Moderna Inc. forecast and analysis here.