RACE Technical Analysis - FERRARI NV

Technical Rating and Analysis

Taking everything into account, RACE scores 2 out of 10 in our technical rating. RACE'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.

69% of all other stocks performed better in the past year than RACE.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

RACE is part of the Automobiles industry. There are 29 other stocks in this industry, RACE did better than 53% of them.

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

In the last month RACE has a been trading in the 397.50 - 428.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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, RACE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 405.30, 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

366.49

450.87

We found 3 important support areas.

Strong support @405.30 from a horizontal line in the daily time frame.
A support zone ranging from 382.25 to 385.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 370.19 to 374.50. 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 408.61 to 413.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 420.20 to 426.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 446.40 to 446.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 RACE.MI is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for RACE.MI is neutral.
ChartMill Relative Strength	31.92	NEUTRAL	RACE.MI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of RACE.MI is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RACE.MI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of RACE.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	48.51	NEUTRAL	The RSI value for RACE.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.4	NEGATIVE	The MACD value suggests RACE.MI has a negative trend.
Stochastics (14,3)	25.09	NEUTRAL	The Stochastics value for RACE.MI is a neutral value.
Average True Range in percent/ATR (20)	1.74	LOW VOLATILITY	The low ATR as a percentage value for RACE.MI suggests low volalility.
Average Directional Index/ADX (14)	16.42	NEGATIVE	The low ADX value for RACE.MI suggests a weak or negative trend.