Ferrari reported a 13% increase in core earnings in the first quarter of 2021, but its shares fell as the luxury sports car maker failed to excite investors. The Italian company said its quarterly results were boosted by pricing power, the mix of product sales, and a greater contribution from personalized vehicles. It also cited rising deliveries of its 2 million...
Buckle up, Ferrari (RACE) fans! The Italian Stallion is back in the driver's seat, and I am bullish after a crucial resistance level was shattered. Ferrari stock surged past $370 resistance, a key technical hurdle that has capped the stock's potential for some time. This breakout suggests a bullish trend could be taking hold, with some expert analysts eyeing a...
Ferrari (NYSE: NYSE:RACE ), the iconic luxury sports car manufacturer, is making headlines once again as its stock ( NYSE:RACE ) catapults to all-time highs, fueled by impressive Q4 earnings and the potential signing of Formula 1 legend Lewis Hamilton. The renowned racing driver, a seven-time World Drivers' Championship winner, could be donning the iconic red...
Porsche, one of the automotive manufacturers with one of the highest profit margins per car in the world. After RACE, Ferrari, it's Porsche, it seems to me. This stock has returned to its IPO price... Undervalued in my opinion. - Price-To-Earnings ratio (12.9x) is below the German market (16.1x) - Earnings are forecast to grow 5.77% per year - Earnings grew by...
FERRARI: GARTLEY detected + Monitor Gaps On the rise: -possible rebound on the GAP around 327 On the decline : -return to the EMA.50 around 314 -Then Gap, around 311 -and then EMA.200 around 288. Pay attention to the GAP at the bottom, around 208
i0.wp.com Stock has broken out of this broadening pattern to reach new all-time highs with a measured target of at least $360.00 after beating expectations and and raising guidance. Ferrari Stock Is on Track to Hit All-Time Highs — WSJ Nov 3, 202321:31 GMT+2 RACE +1.78% By Hardika Singh The company that makes some of the hottest cars in the world has a hot...
Ferrari (RACE) will start accepting cryptocurrency as a payment method in the U.S., according to a report by Reuters on Saturday. The Maranello, Italy-based luxury sports car manufacturer will subsequently extend the scheme to Europe in response to demand from its wealthy customers, Reuters reported, citing Chief Marketing and Commercial Officer Enrico...
This is huge for Ferrari and we are expecting a surge in price for the RACE Ferrari stock
Race Ferrari (NYSE) presents an enticing opportunity for investors looking to go long in the luxury automotive sector. Ferrari, known for its iconic brand and high-performance vehicles, has demonstrated resilience amid economic uncertainties. One compelling reason to consider a long position is Ferrari's strong brand loyalty and demand for its premium cars,...
From a technical point of view, Ferrari ( NYSE:RACE ) Stock Trend is bullish, but at the same time it has reached an important resistance area around $300/320, and from here it could trigger a short-term corrective structure. The minor structure 12345 might be completed, but as we can see from the chart, it might be a wave 5 of 3 (major), so once the correction...
When we look at the Ferrari graph on an annual basis, we see a rising wedge. Generally, assuming the wedge has broken downwards, the next target will be the $150 level. If we need to support this technical analysis with fundamental analysis, it is striking that especially the PEG ratio is too high. As long as the wedge doesn't break higher ($218), I will keep the...
Ferrari symbol in the stock market. The price has broken the downtrend line and will correct. To notify the analysis, follow me and contact me if you have any comments or questions.
I analyzed the Ferrari symbol in the stock market. Follow me, like, comment, and ask questions. For the Long-term time frame, there is still an upward trend. However, the price in the mid-term time frame is corrected in a wedge. So it can find an entry zone to buy after the end of the correction. Observe the money management and the stop loss.
My position and play is marked on the chart. Expecting selling to continue and target is the bottom zone at $206-$209 level.
Ferrari (RACE) is near 192€ former resistance, that should work as a support this time. It's also at the bottom of a 3 year channel. Could be an entry point if we see any interesting pattern.
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 226.445 and 228.974). Our preference: The downside prevails as long as 234.2 is resistance. Alternative scenario: The upside breakout of 234.2...
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
Ferrari rides 7% in next 7days… Purosangue presentation happening soon…. Long trend happening soon… NYSE:RACE