RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RACE
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Red day on Thursday for Ferrari NV stock after losing 0.733%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 14, 2024 Gain 13.99% PDF

The Ferrari NV stock price fell by -0.733% on the last day (Thursday, 28th Mar 2024) from $439.16 to $435.94. During the last trading day the stock fluctuated 0.716% from a day low at $435.56 to a day high of $438.68. The price has risen in 7 of the last 10 days and is up by 3.7% over the past 2 weeks. Volume has increased on the last day by 45 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 174 thousand shares were bought and sold for approximately $75.67 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 36.78% during the next 3 months and, with a 90% probability hold a price between $577.55 and $613.02 at the end of this 3-month period.

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RACE Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -0.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Ferrari NV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $435.89 and $415.49. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Ferrari NV stock

On the downside, the stock finds support just below today's level from accumulated volume at $389.45 and $379.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ferrari NV finds support just below today's level at $389.45. If this is broken, then the next support from accumulated volume will be at $379.25 and $349.41.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.12 (0.716%) between high and low. For the last week, the stock has had daily average volatility of 0.91%.

Our recommended stop-loss: $422.85 (-3.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (RACE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ferrari NV to open at $436.73, and during the day (based on 14 day Average True Range), to move between $429.63 and $442.25, which gives a possible trading interval of +/-$6.31 (+/-1.45%) up or down from last closing price. If Ferrari NV takes out the full calculated possible swing range there will be an estimated 2.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $437.97 (0.47%) than the support at $389.45 (10.66%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Ferrari NV stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ferrari NV stock to perform well in the short-term.

Current score: 2.670 Buy Candidate Unchanged

Predicted Opening Price for Ferrari NV of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$436.73 ( 0.180%) $435.94

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RACE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 439.85 0.90 %
R2 438.65 0.623 %
R1 437.92 0.454 %
Current price: 435.94
Support S1 435.53 -0.0929 %
S2 434.80 -0.262 %
S3 433.61 -0.535 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 439.59 0.84 %
R2 439.16 0.739 %
R1 437.97 0.466 %
Current price 435.94
Support S1 389.45 -10.66%
S2 379.25 -13.00%
S3 349.41 -19.85%

RACE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 22, 2024 Apr 22, 2024 May 03, 2024 $0 0%
2 Feb 24, 2023 Apr 24, 2023 May 05, 2023 $1.99 0.670%
3 Apr 14, 2022 Apr 19, 2022 May 06, 2022 $1.47 0.742%
4 Apr 16, 2021 Apr 19, 2021 May 05, 2021 $1.04 0.511%
5 Apr 17, 2020 Apr 20, 2020 May 05, 2020 $1.23 0.788%

FAQ

What is the symbol for Ferrari NV Stock and on which exchange is it traded?
The symbol for Ferrari NV is RACE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Ferrari NV Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ferrari NV stock to perform well in the short-term.

How to buy Ferrari NV Stock?
Ferrari NV Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ferrari NV Stock.

What's the current price of Ferrari NV Stock?
As of the end of day on the 2024-03-28, the price of an Ferrari NV (RACE) share was $435.94.

What is the 52-week high and low for Ferrari NV Stock?
The 52-week high for Ferrari NV Stock is $442.80 and the 52-week low is $267.80.

What is the market capitalization of Ferrari NV Stock?
As of the 2024-03-28, the market capitalization of Ferrari NV is 79.017B.

When is the next earnings date for Ferrari NV?
The upcoming earnings date for Ferrari NV is May 02, 2024.
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About Ferrari NV

Ferrari NV Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hyper cars; one-off and track cars; and Icona cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars. In addition, the company licenses its Ferrari brand to various producers an... RACE Profile

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