Moderna Inc trading idea (10/01/2024)
Analysts at the Oppenheimer brokerage company, as reported by Reuters, have upgraded the stock rating of Moderna Inc. to "outperforming the market," and the vaccine maker's CEO reiterated the company's goal of achieving sales growth by 2025.
The issuer's shares fell nearly 45% in 2023, marking its worst annual performance due to weak COVID-19 vaccine sales. According to Oppenheimer, Moderna could have five products on the market by 2026.
So, today, we will examine the Moderna Inc. (NASDAQ: MRNA) stock chart.
On the D1 timeframe, there is a "break" in the downward trend, which has persisted since the end of 2022. Resistance has formed at 115.81, with support at 97.91. Currently, an upward trend is developing on the chart.
On the H1 timeframe, if there is a rebound from the 100.98 level, the short-term target for a price increase can be set at 115.81, while in the medium term, it could hover around 139.77.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The issuer's shares fell nearly 45% in 2023, marking its worst annual performance due to weak COVID-19 vaccine sales. According to Oppenheimer, Moderna could have five products on the market by 2026.
So, today, we will examine the Moderna Inc. (NASDAQ: MRNA) stock chart.
On the D1 timeframe, there is a "break" in the downward trend, which has persisted since the end of 2022. Resistance has formed at 115.81, with support at 97.91. Currently, an upward trend is developing on the chart.
On the H1 timeframe, if there is a rebound from the 100.98 level, the short-term target for a price increase can be set at 115.81, while in the medium term, it could hover around 139.77.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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