FERRARI NV (RACE.MI) Stock Technical Analysis
BIT:RACE - Euronext Milan - NL0011585146 - Common Stock - Currency: EUR
Taking everything into account, RACE scores 5 out of 10 in our technical rating. In the past year, RACE was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
RACE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 422.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 420.20, a Stop Loss order could be placed below this zone.
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366.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 406.50 to 420.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @385.80 from a trend line in the weekly time frame.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 422.60 to 427.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @446.41 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for RACE.MI is up. |
| ChartMill Relative Strength | 55.98 | NEUTRAL | RACE.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RACE.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RACE.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RACE.MI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.75 | NEUTRAL | The RSI value for RACE.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.92 | POSITIVE | The MACD value suggests RACE.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.65 | OVERBOUGHT | The high Stochastics value suggests RACE.MI may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for RACE.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 14.48 | NEGATIVE | The low ADX value for RACE.MI suggests a weak or negative trend. |
BIT:RACE (7/11/2025, 7:00:00 PM)
421.6
-3.1 (-0.73%)