- Summary:
- Moderna (MRNA) joins the Nasdaq 100 as its stock struggles below key levels. Can its biotech pipeline spark a rebound?
Moderna (NASDAQ: MRNA) has officially joined the Nasdaq 100, a major milestone that reflects its prominence in the biotech sector. Despite this achievement, the stock has faced persistent downward pressure this year as post-pandemic vaccine sales slowed. Investors are now asking: can Moderna regain its upward momentum?
Chart Analysis: Moderna’s Price Action
- Current Price: $41.83
- Key Indicators:
- EMA 20: $43.45 – Acting as near-term resistance, limiting upside moves.
- EMA 50: $50.27 – A critical level to watch for a breakout if bullish momentum returns.
- Support Levels:
- $36.04: Immediate and crucial support; a break below this could signal further weakness.
- Resistance Levels:
- $57.07: Key short-term resistance where sellers have repeatedly stepped in.
- $72.71: A higher level that could signal recovery if cleared.
What’s Next for Moderna?
Moderna’s inclusion in the Nasdaq 100 signals confidence in its long-term potential despite its recent struggles. The company’s pipeline of mRNA-based treatments, including its promising cancer vaccine trials, could offer new catalysts for growth.