2FE Technical Analysis - FERRARI NV

Technical Rating and Analysis

Taking everything into account, 2FE scores 2 out of 10 in our technical rating. 2FE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

70% of all other stocks performed better in the past year than 2FE.

Warning: 2FE has an average volume of 2109 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month 2FE has a been trading in the 398.40 - 428.20 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

2FE is part of the Automobiles industry. There are 29 other stocks in this industry, 2FE did better than 46% of them.

2FE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so 2FE is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, 2FE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 405.70, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

365.99

450.47

3 important support areas can be observed.

Support @405.70 from a horizontal line in the daily time frame.
A support zone ranging from 382.82 to 385.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 369.69 to 374.00. This zone is formed by a combination of multiple trend lines in the weekly time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 408.60 to 412.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 425.32 to 426.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 446.00 to 446.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for 2FE.DE is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for 2FE.DE is neutral.
ChartMill Relative Strength	30.28	NEUTRAL	2FE.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of 2FE.DE is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of 2FE.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of 2FE.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	48.4	NEUTRAL	The RSI value for 2FE.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.59	NEGATIVE	The MACD value suggests 2FE.DE has a negative trend.
Stochastics (14,3)	18.68	OVERSOLD	The low Stochastics value suggests 2FE.DE may be oversold.
Average True Range in percent/ATR (20)	1.66	LOW VOLATILITY	The low ATR as a percentage value for 2FE.DE suggests low volalility.
Average Directional Index/ADX (14)	15.82	NEGATIVE	The low ADX value for 2FE.DE suggests a weak or negative trend.