FERRARI - 1H - Technical analysis published on 09/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 284.4 EUR
My targets
288.3 EUR (+0.84%)
291.0 EUR (+1.78%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on FERRARI. This is a positive signal for buyers. As long as the price remains above 284.4 EUR, a purchase could be considered. The first bullish objective is located at 288.3 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 291.0 EUR as an objective. Crossing it would then enable buyers to target 295.9 EUR. In the event of a return below 284.4 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FERRARI rating 285.9 EUR. The price has increased by +1.38% since the last closing with the lowest point at 282.8 EUR and the highest point at 288.8 EUR. The deviation from the price is +1.10% for the low point and -1.00% for the high point.282.8
288.8
285.9
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
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this FERRARI chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 279.3 | 281.8 | 284.4 | 285.9 | 288.3 | 291.0 | 295.9 |
| Change (%) | -2.31% | -1.43% | -0.52% | - | +0.84% | +1.78% | +3.50% |
| Change | -6.6 | -4.1 | -1.5 | - | +2.4 | +5.1 | +10.0 |
| Level | Major | Minor | Minor | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 272.1 | 274.5 | 278.2 | 280.6 | 284.3 | 286.7 | 290.4 |
| Camarilla | 280.3 | 280.9 | 281.4 | 282.0 | 282.6 | 283.1 | 283.7 |
| Woodie | 272.9 | 274.8 | 279.0 | 280.9 | 285.1 | 287.0 | 291.2 |
| Fibonacci | 274.5 | 276.8 | 278.2 | 280.6 | 282.9 | 284.3 | 286.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 263.0 | 269.6 | 274.4 | 281.0 | 285.8 | 292.4 | 297.2 |
| Camarilla | 276.2 | 277.2 | 278.3 | 279.3 | 280.4 | 281.4 | 282.4 |
| Woodie | 262.2 | 269.2 | 273.6 | 280.6 | 285.0 | 292.0 | 296.4 |
| Fibonacci | 269.6 | 273.9 | 276.6 | 281.0 | 285.3 | 288.0 | 292.4 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 261.6 | 269.1 | 281.0 | 288.5 | 300.4 | 307.9 | 319.8 |
| Camarilla | 287.7 | 289.4 | 291.2 | 293.0 | 294.8 | 296.6 | 298.3 |
| Woodie | 263.9 | 270.2 | 283.3 | 289.6 | 302.7 | 309.0 | 322.1 |
| Fibonacci | 269.1 | 276.5 | 281.1 | 288.5 | 295.9 | 300.5 | 307.9 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.60 | |
| MACD (12,26,9): | 1.9000 | |
| Directional Movement: | 14.8 | |
| AROON (14): | 64.3 | |
| DEMA (21): | 285.3 | |
| Parabolic SAR (0,02-0,02-0,2): | 284.1 | |
| Elder Ray (13): | 1.0 | |
| Super Trend (3,10): | 281.5 | |
| Zig ZAG (10): | 285.4 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 71.70 | |
| TEMA (21): | 286.8 | |
| Williams %R (14): | -27.50 | |
| Chande Momentum Oscillator (20): | 6.3 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 5.20 |
| MA7: | 280.5 | |
| MA20: | 285.0 | |
| MA50: | 286.6 | |
| MA100: | 281.1 | |
| MAexp7: | 285.2 | |
| MAexp20: | 283.0 | |
| MAexp50: | 281.5 | |
| MAexp100: | 282.2 | |
| Price / MA7: | +1.93% | |
| Price / MA20: | +0.32% | |
| Price / MA50: | -0.24% | |
| Price / MA100: | +1.71% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +1.02% | |
| Price / MAexp50: | +1.56% | |
| Price / MAexp100: | +1.31% |
Quotes :
-
15 min delayed data
-
Italy Stocks
News
Don't forget to follow the news on FERRARI. At the time of publication of this analysis, the latest news was as follows:
- Ferrari N.v.: Periodic Report on the Buyback Program
- Ferrari N.V.: Periodic Report on the Buyback Program
- Ferrari N.V.: Periodic Report on the Buyback Program
- Ferrari Upgrades 2023 Guidance on Exceptional Q2 2023 Results and Business Outlook
- Ferrari N.v.: Periodic Report on the Buyback Program
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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