Londinia Opportunities Analyses - 04/24/2024 (GMT) FERRARI - 1H

- EUR (-)

- 15 min delayed data - Italy Stocks

Type:	Stocks
Ticker:	RACE
ISIN:	NL0011585146

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 391.3 EUR

My targets

400.4 EUR (+1.60%)

403.7 EUR (+2.44%)

My analysis

FERRARI is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 391.3 EUR. The next resistance located at 400.4 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 403.7 EUR. After this resistance, buyers could then target 407.6 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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Additional analysis

Quotes

The FERRARI price is 394.1 EUR. The price is lower by -0.18% since the last closing and was between 392.7 EUR and 397.0 EUR. This implies that the price is at +0.36% from its lowest and at -0.73% from its highest.

392.7

397.0

394.1

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FERRARI:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of FERRARI in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

In fact, 14 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	383.1	386.1	391.3	394.1	400.4	403.7	407.6
Change (%)	-2.79%	-2.03%	-0.71%	-	+1.60%	+2.44%	+3.43%
Change	-11.0	-8.0	-2.8	-	+6.3	+9.6	+13.5
Level	Major	Minor	Intermediate	-	Minor	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	376.0	379.8	387.3	391.1	398.6	402.4	409.9
Camarilla	391.7	392.7	393.8	394.8	395.8	396.9	397.9
Woodie	377.9	380.7	389.2	392.0	400.5	403.3	411.8
Fibonacci	379.8	384.1	386.8	391.1	395.4	398.1	402.4

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	364.4	372.1	378.4	386.1	392.4	400.1	406.4
Camarilla	381.0	382.2	383.5	384.8	386.1	387.4	388.7
Woodie	363.8	371.8	377.8	385.8	391.8	399.8	405.8
Fibonacci	372.1	377.4	380.7	386.1	391.4	394.7	400.1

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	346.0	359.6	380.5	394.1	415.0	428.6	449.5
Camarilla	392.0	395.2	398.3	401.5	404.7	407.8	411.0
Woodie	349.8	361.4	384.3	395.9	418.8	430.4	453.3
Fibonacci	359.6	372.8	380.9	394.1	407.3	415.4	428.6

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	65.00
MACD (12,26,9):	2.2000
Directional Movement:	25.0
AROON (14):	92.9
DEMA (21):	392.0
Parabolic SAR (0,02-0,02-0,2):	386.9
Elder Ray (13):	3.2
Super Trend (3,10):	386.6
Zig ZAG (10):	393.3
VORTEX (21):	1.1000
Stochastique (14,3,5):	84.90
TEMA (21):	394.0
Williams %R (14):	-24.50
Chande Momentum Oscillator (20):	10.0
Repulse (5,40,3):	-0.5000
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	5.40

MA7:	388.2
MA20:	389.6
MA50:	384.1
MA100:	353.3
MAexp7:	392.5
MAexp20:	389.7
MAexp50:	387.9
MAexp100:	387.7
Price / MA7:	+1.52%
Price / MA20:	+1.16%
Price / MA50:	+2.60%
Price / MA100:	+11.55%
Price / MAexp7:	+0.41%
Price / MAexp20:	+1.13%
Price / MAexp50:	+1.60%
Price / MAexp100:	+1.65%

Quotes : - 15 min delayed data - Actions Italie

News

Don't forget to follow the news on FERRARI. At the time of publication of this analysis, the latest news was as follows: