Ferrari NV 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
Red day on Thursday for Ferrari NV
(Updated on Apr 25, 2024)
The Ferrari NV stock price fell by -1.93% on the last day (Thursday, 25th Apr 2024) from $420.33 to $412.21. During the last trading day the stock fluctuated 1.26% from a day low at $409.86 to a day high of $415.03. The price has been going up and down for this period, and there has been a -1.94% loss for the last 2 weeks. Volume has increased on the last day by 277 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, 506 thousand shares were bought and sold for approximately $208.40 million.
The stock lies in the middle of a wide and 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 13.84% during the next 3 months and, with a 90% probability hold a price between $450.87 and $523.02 at the end of this 3-month period.
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RACE Signals & Forecast
There are few to no technical positive signals at the moment. The Ferrari NV stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $414.97 and $422.38. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -6.23%. 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.
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 $340.17.
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 $5.16 (1.26%) between high and low. For the last week, the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RACE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Ferrari NV to open at $412.37, and during the day (based on 14 day Average True Range), to move between $404.08 and $420.34, which gives a possible trading interval of +/-$8.13 (+/-1.97%) up or down from last closing price. If Ferrari NV takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $414.03 (0.44%) than the support at $389.45 (5.52%), 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?
The Ferrari NV stock holds several negative signals and despite the positive trend, we believe Ferrari NV will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.872 Sell Candidate Unchanged
Predicted Opening Price for Ferrari NV of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $412.37 ( 0.0376%) | $412.21 |
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 | 417.53 | 1.29 % | |
| R2 | 415.56 | 0.81 % | ||
| R1 | 414.34 | 0.516 % | ||
| Current price: | 412.21 | |||
| Support | S1 | 410.39 | -0.441 % | |
| S2 | 409.17 | -0.737 % | ||
| S3 | 407.20 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 424.77 | 3.05 % | |
| R2 | 424.00 | 2.86 % | ||
| R1 | 414.03 | 0.442 % | ||
| Current price | 412.21 | |||
| Support | S1 | 389.45 | -5.52% | |
| S2 | 379.25 | -8.00% | ||
| S3 | 340.17 | -17.48% |
RACE Dividend Payout History
| # | 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
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