Volatile ride for Moderna Inc. stock price on Friday moving between $313.00 and $350.15

The Moderna Inc. stock price gained 20.57% on the last trading day (Friday, 26th Nov 2021), rising from $273.39 to $329.63. During the day the stock fluctuated 11.87% from a day low at $313.00 to a day high of $350.15. The price has risen in 7 of the last 10 days and is up by 45.97% 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, 31 million more shares were traded than the day before. In total, 36 million shares were bought and sold for approximately $11.80 billion.

On Nov 08, 2021 "Wolfe Research" gave "" rating for MRNA. The price target was set to $244.68+3.2%.

Given the current short-term trend, the stock is expected to fall -36.82% during the next 3 months and, with a 90% probability hold a price between $123.41 and $208.26 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

The Moderna Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $274.22 and $297.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, November 11, 2021, and so far it has risen 45.97%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Moderna Inc. finds support from accumulated volume at $325.84 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $37.15 between high and low, or 11.87%. For the last week, the stock has had a daily average volatility of 7.17%.

The Moderna Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Moderna Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.