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$262.71 (-2.09%)

Volume: 274k

Closed: Nov 26, 2021

Hollow Logo Score: 1.044

Ferrari NV Stock Forecast

$262.71 (-2.09%)

Volume: 274k

Closed: Nov 26, 2021

Score Hollow Logo 1.044
Which way will RACE go? Request
Stop-loss: $250.74 (-4.55%)
Key Stats
P/E Ratio 63.11
Beta 0.78
Trailing Dividend Rate 0.33% ($0.87)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 50 and the stock is currently not being overbought or oversold

Ferrari NV stock price down 2.09% on Friday
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-10-05 Gain 25.27%

The Ferrari NV stock price fell by -2.09% on the last day (Friday, 26th Nov 2021) from $268.33 to $262.71. During the day the stock fluctuated 1.78% from a day low at $261.23 to a day high of $265.89. The price has risen in 6 of the last 10 days and is up by 1.79% over the past 2 weeks. Volume has increased on the last day by 20 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, 274 thousand shares were bought and sold for approximately $71.91 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 26.38% during the next 3 months and, with a 90% probability hold a price between $304.25 and $351.42 at the end of this 3-month period.

Signals & Forecast

A sell signal was issued from a pivot top point on Monday, November 22, 2021, and so far it has fallen -4.57%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Ferrari NV stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $268.10. On a fall, the stock will find some support from the long-term average at approximately $243.78. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss

Ferrari NV finds support from accumulated volume at $255.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.66 between high and low, or 1.78%. For the last week, the stock has had a daily average volatility of 1.95%.

Our recommended stop-loss: $250.74 (-4.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Is Ferrari NV stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.044

Predicted Opening Price for Ferrari NV of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$263.28 $262.71 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 17, 2021 "Morgan Stanley" gave "$265.00 - $350.00" rating for RACE. The price target was set to $267.22+3.6%.

Volatility and Risk
Daily Average Volatility: 1.95 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.95 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $266.28
Price: $262.71
Support: $255.68

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 267.94 1.99 %
266.16 1.31 %
265.06 0.89 %
Current price: 262.71
Support 261.50 -0.46 %
260.40 -0.88 %
258.62 -1.56 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 275.30 4.79 %
266.96 1.62 %
266.28 1.36 %
Current price 262.71
Support 255.68 -2.68%
237.17 -9.72%
230.00 -12.45%

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About Ferrari NV

Ferrari NV Ferrari N.V., together with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers seven models, including four sports cars comprising 488 GTB, 488 Spider, F12berlinetta, and special series F12 Tour de France; and three GT cars that include California T, FF, and GTC4Lusso. It also produces LaFerrari, a limited edition supercar; Fuoriserie, a very limited editions series; and one-off cars; non-... Read more

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