Moderna stock pharmaceuticals stock. Is it a buy?

FILE PHOTO: Vials with a sticker reading, "COVID-19 / Coronavirus vaccine / Injection only" and a medical syringe are seen in front of a displayed Moderna logo in this illustration taken October 31, 2020. REUTERS/Dado Ruvic/File Photo

We might think that Moderna stock pharmaceuticals could be subject to wild swings as this biotech company is attempting to distribute a coranavirus vaccine to millions of people around the world. Is Moderna stock MRNA a stock to buy?

Moderna stock has been a stock to buy quite a few times in the last few months. As supply and demand traders, we should focus on very clear imbalances to buy. We have analyzed in depth Moderna pharmaceuticals stock in Set and Forget’s online trading academy.

Moderna (MRNA) joined Pfizer (PFE) and partnered with BioNTech (BNTX) to have a COVID-19 vaccine authorized in December 2020. Both vaccines use messenger RNA technology to prompt an immune response. Johnson & Johnson (JNJ) followed with its own authorization in February 2021.

Moderna Pharmaceuticals prediction

Below we can see the weekly timeframe for Moderna stock. We can see two strong weekly demand imbalance around $122 and $103. The imbalance at $103 per share has played out nicely as called in Set and Forget’s online trading academy. What will happen with the second one that is trying to play out? We don’t know, but it was a valid setup that has moved %20 in our direction.

Shares of Moderna stock hit a record high on Feb 2021. The stock popped up and down for a few weeks respecting the imbalances you can see on the chart below. regardless of what they had to say about its Covid-19 vaccine being 94.1% effective in a Phase 3 test.

Moderna Stock price action analysis using supply and demand strategy

This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances on Moderna Stock.

Trading supply and demand imbalances are ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind. 

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock? Or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.

Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements on Moderna stock.

     
 

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.