On Thursday Moderna Inc. stock price gained impressive 7.81%StockInvest.us, 1 week ago
The Moderna Inc. stock price gained 7.81% on the last trading day (Thursday, 9th Sep 2021), rising from $422.90 to $455.92. During the day the stock fluctuated 7.57% from a day low at $427.09 to a day high of $459.42. The price has risen in 7 of the last 10 days and is up by 14.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 million more shares were traded than the day before. In total, 22 million shares were bought and sold for approximately $10.07 billion.
On September 07, 2021 "Morgan Stanley" gave "$190.00 - $337.00" rating for MRNA. The price target was set to $435.63+4.5%.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 85.29% during the next 3 months and, with a 90% probability hold a price between $741.55 and $1 069.60 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 $413.74 and $390.35. 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 -5.89%. 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).
On the downside, the stock finds support just below today's level from accumulated volume at $419.05 and $391.42.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Moderna Inc. finds support just below today's level at $419.05. If this is broken, then the next support from accumulated volume will be at $391.42 and $385.33.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $32.33 between high and low, or 7.57%. For the last week, the stock has had a daily average volatility of 5.94%.
Moderna Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.Check full Moderna Inc. forecast and analysis here.