Moderna stock: buy or sell

MRNA stock price: $349.32 6.34% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

1

Moderna stock brief

  • After making new highs last Monday, Moderna closed on Wednesday at $349.32 exploding a 6.34%
  • The stock is configuring an uptrend pattern since last March, when it bottomed at $117.34. This rally marked a 197.70% gain

Should I buy Moderna stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $MRNA stock a buy?

Currently, Moderna stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $MRNA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Moderna stock?

When you are a novel trader and you own a stock with some profit, it's really difficult to decide the good moment to sell and get your profits. Like when we have to buy shares, deciding when is appropiate to sell is not a haphazard decision, and we must use our own trading strategy. When selling, as well as buying, our strategies are very simple to follow and are only valid for selling shares in your porfolio, not for shorting $MRNA stock

A guiding principle is that you must never mantain an operation that leads to losses greater than those expected upon the buy. The timing to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell Moderna stock?

In the current situation of Moderna there is not any eligible sell setup, so Moderna stock holders with operations in green can keep their positions

Moderna ratings

We don't have any rating posted in the previous month for Moderna

Moderna stock analysis

Moderna shares started an uptrend last March, and grew a gorgeous 197.70%. The chart shows higher peaks and higher lows, and along the way provided some buy points for those who wanted to invest. Latest pullback was in mid-June, when price bounced at $193.20. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $362.00 and $193.20

$MRNA at new All-time Highs

Last Monday, Moderna reached all-time highs (ATH) again at $362.00. It's the fifth time in the last 10 sessions, marking an important rally

SMAs overview

MRNA stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $362.00 (3.63% above)
  • The current supports are:

  • S1: $227.71 (-34.81% below)
  • S2: $193.20 (-44.69% below)
  • S3: $189.26 (-45.82% below)
  • Bollinger bands

    Since the price surpassed the upper band last Friday, the price has been corrected downwards by 0.04%. The price is moving very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks

    MRNA stock Bollinger Bands chart

    Relative strength index

    Crossed up the overbought line Wednesday, with a value of 77.24. Contrary to what many investors may think, the fact that the value is in the overbought zone does not imply a sell signal, as shares can climb during several weeks being in the overvalued zone

    MRNA stock RSI chart

    Moderna stock price history

    Moderna went public priced at an adjusted price1 of $22.00 on Dec 2018. Since then, MRNA stock has risen by 1,487.82%, with an average of 743.91% per year. If you had invested thousand dollars in Moderna stock at that time, it would worth $15,878.18 today.

    1: Adjusted price after possible price splits or reverse-splits

    MRNA stock price history chart

    Price target for Moderna stock

    Nobody can predict how much a stock will be priced in the future. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.

    The following table shows the price predictions published by analysts for the last 30 days. If you are a small trader you don't have to buy or sell based on these price targets.

    We don't have any target price posted in the previous 4 weeks for Moderna.

    Earnings and financials

    Investors call was hosted by Moderna ($MRNA) last May after releasing the financial report. Moderna topped Wall St estimates and posted of $2.84, that is a 18.83% surprise compared to the initial estimates of $2.39. Instead, reported revenues were $1.9 billion versus estimates of $2.0 billion.

    Same quarter one year ago, reported EPS was $-0.35, so recently posted EPS is an increase of 911.43%. Turnover exploded a 22,989.76% on an annualized basis in the , from $83.9M to $19.4B last quarter.

    Moderna ($MRNA) will host the Q2 earnings call next Wednesday. Analysts estimate of $5.95, that is a 109.51% more than previous quarter.

    Moderna performance

    MRNA performance compared
    Company1m3m6m
    Moderna ($MRNA) 57.90% 90.50% 126.70%

    Important:
    The viewpoints contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this document does not know the specific conditions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are published for learning purposes only

    Moderna summary

    Wednesday, July 28th, 2021
    Open$333.01
    Close$349.32
    Day range$327.5 - $350.99
    Previous close$328.5
    Session gain6.34%
    Average true range$29.18
    50d mov avg$226.55
    100d mov avg$188.30
    200d mov avg$155.82
    Earnings dateAugust 4th, 2021

    Frequently asked questions

    What is Moderna stock symbol?

    Moderna, Inc. is a public company trading in the US stock market with the MRNA symbol

    Is Moderna stock a buy or sell?

    Moderna had no ratings in the last 4 weeks Read the article to get additional tips on trading MRNA stock.

    Will MRNA go up?

    There were no forecasts posted by market analysts in the last 30 days for Moderna.