Stock of the day: Moderna

In today’s stock of the day, I would like to highlight Moderna—a stock that’s deeply entrenched in a downtrend, both in the long-term and more recently in the short-term. The outlook remains challenging, and the technical landscape continues to favor the sellers.

What we can observe on the chart is a classic bearish structure: the price is consistently carving out lower highs and lower lows, indicating ongoing weakness. Recently, Moderna entered a consolidation phase, forming a sideways rectangle pattern defined by a yellow horizontal resistance at the top and an orange support level at the bottom.

Last week, the price attempted to break above the rectangle, sparking hopes of a bullish reversal. However, this move quickly failed. The breakout proved to be false—marked by a black line—and the price fell back within the range. This rejection only reinforces the bearish sentiment, suggesting that buyers lack the strength to sustain upward momentum.

As long as the price remains below the yellow resistance line, the bearish scenario is in play. A breakout below the orange support would likely trigger a new wave of selling and open the door to fresh lows. Only a confirmed weekly close above the yellow resistance would negate this setup and provide a signal to buy.

Until that happens, caution is advised—and the bears remain firmly in control.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-moderna-8