FERRARI - Daily - Technical analysis published on 01/10/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 147.69 EUR
My targets
155.10 EUR (+1.54%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FERRARI as long as the price remains well above 147.69 EUR. The buyers” bullish objective is set at 155.10 EUR. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.3
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This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FERRARI rating is 152.75 EUR. The price registered an increase of +0.76% on the session and was traded between 151.65 EUR and 154.05 EUR over the period. The price is currently at +0.73% from its lowest and -0.84% from its highest.151.65
154.05
152.75
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FERRARI:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FERRARI in Daily 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:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 138.00 | 147.69 | 151.30 | 152.75 | 155.10 |
| Change (%) | -9.66% | -3.31% | -0.95% | - | +1.54% |
| Change | -14.75 | -5.06 | -1.45 | - | +2.35 |
| Level | Minor | Major | Major | - | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 146.50 | 147.30 | 148.05 | 148.85 | 149.60 | 150.40 | 151.15 |
| Camarilla | 148.37 | 148.52 | 148.66 | 148.80 | 148.94 | 149.08 | 149.23 |
| Woodie | 146.48 | 147.29 | 148.03 | 148.84 | 149.58 | 150.39 | 151.13 |
| Fibonacci | 147.30 | 147.89 | 148.26 | 148.85 | 149.44 | 149.81 | 150.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 148.33 | 149.27 | 150.63 | 151.57 | 152.93 | 153.87 | 155.23 |
| Camarilla | 151.37 | 151.58 | 151.79 | 152.00 | 152.21 | 152.42 | 152.63 |
| Woodie | 148.55 | 149.38 | 150.85 | 151.68 | 153.15 | 153.98 | 155.45 |
| Fibonacci | 149.27 | 150.15 | 150.69 | 151.57 | 152.45 | 152.99 | 153.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 136.72 | 141.83 | 144.87 | 149.98 | 153.02 | 158.13 | 161.17 |
| Camarilla | 145.66 | 146.41 | 147.15 | 147.90 | 148.65 | 149.39 | 150.14 |
| Woodie | 135.68 | 141.31 | 143.83 | 149.46 | 151.98 | 157.61 | 160.13 |
| Fibonacci | 141.83 | 144.95 | 146.87 | 149.98 | 153.10 | 155.02 | 158.13 |
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): | 55.71 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | -2.86 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 150.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 146.00 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 146.91 | |
| Zig ZAG (10): | 151.60 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 54.36 | |
| TEMA (21): | 149.49 | |
| Williams %R (14): | -13.85 | |
| Chande Momentum Oscillator (20): | 3.45 | |
| Repulse (5,40,3): | 3.6400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.61 |
| MA7: | 149.65 | |
| MA20: | 149.66 | |
| MA50: | 149.06 | |
| MA100: | 144.60 | |
| MAexp7: | 149.85 | |
| MAexp20: | 149.80 | |
| MAexp50: | 148.35 | |
| MAexp100: | 145.12 | |
| Price / MA7: | +2.07% | |
| Price / MA20: | +2.06% | |
| Price / MA50: | +2.48% | |
| Price / MA100: | +5.64% | |
| Price / MAexp7: | +1.94% | |
| Price / MAexp20: | +1.97% | |
| Price / MAexp50: | +2.97% | |
| Price / MAexp100: | +5.26% |
News
The latest news and videos published on FERRARI at the time of the analysis were as follows:
- Ferrari N.V.: periodic report on the buyback program
- Ferrari N.V.: periodic report on the buyback program
- Ferrari N.V. signs a new syndicated revolving credit facility
- Ferrari N.V.: informativa periodica sull’acquisto di azioni proprie
- Ferrari N.V.: informativa periodica sull’acquisto di azioni proprie
This member declared not having a position on this financial instrument or a related financial instrument.
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