Stock of the day: Moderna

Moderna is currently showing some signs of recovery after a challenging period near its long-term lows. At the start of 2025, there is a notable positive development on the charts. Over the past few weeks, a critical area has emerged around the $41.5 mark, marked with a red line. This level has been repeatedly tested as both support and resistance, emphasizing its significance in defining market sentiment.

Most recently, Moderna’s price managed to climb back above this critical level, signaling a potential shift in sentiment. Yesterday, the stock not only held above this level but also retested it as a support during the trading session, which is an encouraging sign for the bulls. This behavior suggests that buyers are stepping in to defend this area, reinforcing the possibility of further upside.

As long as the price remains above this $41.5 zone, the sentiment remains positive, and there is a clear signal to go long. This level now serves as a strong foundation for potential upward movements. However, if the price were to fall back below this support, it would negate the recent bullish breakout and serve as a signal to sell. That said, the chances of this bearish scenario appear limited at the moment, given the current market dynamics.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-moderna-6