Moderna's medium-term downtrend is forming as whale accumulation steadily falls, now at 16.4%. Momentum levels at $45.7, $47.4 and $52.4 are the support to watch if the decline deepens, after the volatility indicator marked the top near $80. x.com
Danny cheng
Technology Investor, Homily Charts & Technical Analysis
Moderna looks slightly vulnerable after tripling in two weeks without follow-up news. A wedge pattern is forming with lower highs. If it holds $140, buyers could step in and drive another bounce back to $150+. x.com
Moderna's data catalyst is done, and it won't get an early stop in RCC. That makes it a good short here, with the story over until at least next summer. x.com
Moderna could rise further with strong call flow showing, but it is getting close to a top expected in late October or early November; take profits on the way up. x.com
Moderna's customer options positioning was not bullish, and the stock subsequently flushed 20%. WizOfOps described the top 10 trades as only modestly bearish, with no solid consensus among the customers dominating the flow. x.com
Moderna has almost 40% downside to its average analyst price target of $119.56, which makes the sudden rush to buy it hard to explain. x.com
Moderna could get explosive above $200 as anyone who shorted last week's valuation downgrade has to cover. The shakeout on that downgrade was a killer opportunity, and the stock is now back over $200. x.com
Moderna remains unattractive despite forced Nasdaq-100 index buying: quarterly revenue is $145M against a $782M loss, while shares trade around $200. Citi rates it Sell with an $80 target. x.com
Moderna faces about 67% downside to the Wall Street analyst price target of $50.84 per share. x.com x.com
Moderna is extremely attractive because curing cancer is a big story, but more consolidation is likely first. The weekly chart shows a wide gap between price and the upper Bollinger Band, so volatility may need another week or two to ebb before the stock possibly starts moving higher. x.com
Moderna is a stock to bet against. x.com