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Moderna

Market Opportunities - 04/08/2021

04 August, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Moderna weekly uptrend opportunity based On 1.00 Lot Calculation:

  • Moderna is a biotechnology company that specializes in mRNA vaccines. Moderna is one of the leading providers of COVID-19 vaccines in the world. Moderna’s Covid-19 vaccine is one of the most effective on the market, and there have been very few negative stories of bad reactions. Some of Moderna’s competitors have not been so fortunate.
  • EVENT: Moderna will report its 2nd Quarter earnings on August 5th, 2021 (PREMARKET). Its Earnings per share have exceeded analysts’ forecasts 6 of the last 8 quarters.
  • Statistics: Only 27.6% of the global population has received one dose of vaccine, and only 14.1% are fully vaccinated. That means there are billions more vaccines that need to be distributed. Moderna has demonstrated its Covid vaccine is one of the most effective in the world, including against the latest Delta variant, and it has been proven effective in young adults 12 to 17.
  • NEWS: Moderna was recently added to the S&P 500 Index, making it a must own stock for many passive funds and fund managers that track the index.
  • NEWS: The United States Food and Drug is expected to start granting full approval to Covid-19 vaccines in September. Presently they are all being distributed under “Emergency Use Authorization.” Moderna filed its initial request for full approval on June 1st. Once given full approval businesses and schools will have more power to mandate customers, employees, and students get vaccinated or be denied entry. Full approval would drive vaccine demand higher.

(#Moderna), August 4, 2021
Current Price: 385.00

Moderna

Weekly

Trend direction

UP

Resistance 3

460.00

Resistance 2

435.00

Resistance 1

410.00

Support 1

365.00

Support 2

345.00

Support 3

325.00

Example of calculation base on weekly trend direction for 1.00 Lot*

Moderna

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

75,000.00

50,000.00

25,000.00

-20,000.00

-40,000.00

-60,000.00

Profit or loss in €**

63,325.87

42,217.25

21,108.62

-16,886.90

-33,773.80

-50,660.70

Profit or loss in £**

53,876.99

35,917.99

17,959.00

-14,367.20

-28,734.39

-43,101.59

Profit or loss in C$**

94,035.00

62,690.00

31,345.00

-25,076.00

-50,152.00

-75,228.00

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 09:41 (GMT+1) 04/08/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details

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