Technical update for Valneva stock: After the failure of the biotech stock in the resistance zone at 7.26 / 7. euros in mid-January, the expected price drop occurred. Meanwhile, the share price of the Franco-Austrian company seems to be stabilizing. The last four trading days brought Valneva’s daily low between EUR 6,228 and EUR 6,298although the low was reached yesterday. However, Valneva stock (WKN: A0MVJZ, ISIN: FR000 056851, chart) has now entered an interesting area. Strong technical chart support around the €6 mark is just a few percentage points away from a price loss, but should not be discounted. As of October 2022, Valneva’s share price is somewhere between this mark and 7.26/7. euros. Trading signals can be equally strong if the biotech stocks break out of that range — otherwise, in either direction.

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