Ferrari N.V. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ferrari N.V. stock upgraded to Buy Candidate.
(Updated on May 02, 2024)
The Ferrari N.V. stock price gained 2.04% on the last trading day (Thursday, 2nd May 2024), rising from 387.20€ to 395.10€. During the last trading day the stock fluctuated 3.38% from a day low at 384.80€ to a day high of 397.80€. The price has fallen in 6 of the last 10 days but is still up by 1.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 55 thousand more shares were traded than the day before. In total, 310 thousand shares were bought and sold for approximately 122.29€ million.
The stock lies in the middle of a weak 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 9.31% during the next 3 months and, with a 90% probability hold a price between 417.55€ and 459.02€ at the end of this 3-month period.
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RACE.MI Signals & Forecast
The Ferrari N.V. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 391.99€ and 392.44€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -2.73%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ferrari N.V. stock
Ferrari N.V. finds support from accumulated volume at 389.90€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 13.00€ between high and low, or 3.38%. For the last week the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: 378.96€ (-4.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (RACE.MI) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Ferrari N.V. to open at 392.57€, and during the day (based on 14 day Average True Range), to move between 386.32€ and 403.88€, which gives a possible trading interval of +/-8.78€ (+/-2.22%) up or down from last closing price. If Ferrari N.V. takes out the full calculated possible swing range there will be an estimated 4.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 398.40€ (0.84%) than the support at 389.90€ (1.32%), 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 N.V. 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 N.V. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.954 Buy Candidate Upgraded
Predicted Opening Price for Ferrari N.V. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 392.57€ ( 0.641%) | 395.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RACE.MI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 405.57 | 2.65 % | |
| R2 | 400.60 | 1.39 % | ||
| R1 | 397.53 | 0.616 % | ||
| Current price: | 395.10 | |||
| Support | S1 | 387.60 | -1.90 % | |
| S2 | 384.53 | -2.67 % | ||
| S3 | 379.57 | -3.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 406.00 | 2.76 % | |
| R2 | 399.20 | 1.04 % | ||
| R1 | 398.40 | 0.84 % | ||
| Current price | 395.10 | |||
| Support | S1 | 389.90 | -1.32% | |
| S2 | 388.20 | -1.75% | ||
| S3 | 387.20 | -2.00% |
RACE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 22, 2024 | 0€ | 0% |
| 2 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | 1.81€ | 0.711% |
| 3 | Apr 19, 2022 | Apr 19, 2022 | Apr 19, 2022 | 1.36€ | 0.662% |
| 4 | Apr 19, 2021 | Apr 19, 2021 | Apr 19, 2021 | 0.87€ | 0.495% |
| 5 | Apr 20, 2020 | Apr 20, 2020 | Apr 20, 2020 | 1.13€ | 0.776% |
FAQ
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