Dec. 5 at 10:04 PM
Actionable Trade Alert for
$MRNA:
Market Context:
$MRNA is currently trading at
$25.49, showing a neutral RSI of 52.68, indicating no immediate overbought or oversold conditions. The stock is positioned between its 60D high of
$29.45 and low of
$22.28, suggesting potential for upward movement.
Directional Bias: The price is above the 30-day moving average (MA30) of
$25.08 but below the 50-day moving average (MA50) of
$25.79. This indicates a potential bullish reversal as it approaches the MA50. The ATR of 1.24 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$25.50
- Stop Loss:
$24.50 (1.00 below entry)
- Take Profit Targets:
- Target 1:
$27.00 (5.88% ROI)
- Target 2:
$28.00 (9.53% ROI)
- Target 3:
$29.00 (13.56% ROI)
To achieve at least a 17% ROI, consider a longer timeframe for Target 3, aligning with the 60D high.
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