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Takip Edin: @UscMarketsRACE Stock Forecast & Ferrari N.V. Chart Analysis
This article provides a detailed analysis of RACE-Ferrari N.V. stock including a forecast for RACE shares. It features Ferrari N.V. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
RACE Historical Data Review
RACE Current Price Performance Analysis
The Ferrari N.V. - RACE stock traded on the American stock market, on 06-05-2024, closed at 422.4$ with a %2.84 increased compared to the previous day.
In the last month, the price of RACE changed by %-1.23 decreased in value, from 427.66 dollars on 05-06-2024 to 422.4 dollars, decreased.
Last year, the price of RACE was 297.12 dollars on 06-06-2023, and changed by %42.16 increased in value, to 422.4 dollars increased within a year.
The price of Ferrari N.V. stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
RACE with AI Stock Forecast & Price Target
On the RACE chart Ferrari N.V. price was recorded as 422.4 Dollars on 06/05/2024.
The artificial intelligence's forecast on RACE stock is as follows.
The artificial intelligence's prediction error margin for RACE stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Ferrari N.V. stock over the next 4 months is: 487.8 Dollars.
The commentary on RACE stock Target Price: Highest: 537.788 Dollars is predicted.
The commentary on RACE stock Target Price: Lowest: 424.359 Dollars is predicted.
Resistance Price where Ferrari N.V. stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 456.080 |
| 10-18-2024 | 510.835 |
| 12-12-2024 | 523.653 |
| 03-07-2025 | 495.349 |
Support Price where Ferrari N.V. stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 454.522 |
| 11-07-2024 | 505.933 |
| 02-05-2025 | 484.573 |
| 03-17-2025 | 493.764 |
The commentary on RACE stock: The target price can generally be said to be on the rise.
The commentary on RACE stock: Fluctuations in the target price can be expected in the coming days.
The target price for Ferrari N.V. stock by the end of 2024 is predicted to be 516.043 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on RACE stock, and the 2024 target price predictions for Ferrari N.V. are detailed above.
The technical analysis and charts for the commentary on RACE stock are below.
RACE Support & Resistance and Trend Analysis
RACE stock you have reviewed the technical analysis support resistance charts regarding.
RACE : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the RACE review, the Ferrari N.V. support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Ferrari N.V. Support and Resistance Prices:
| RACE Support Level Price | RACE Resistance Level Price |
|---|---|
| 331.30 | 354.21 |
| 353.15 | 369.91 |
| 368.80 | 372.42 |
| 399.27 | 393.59 |
| 404.84 | 423.84 |
| 405.51 | 430.08 |
| 408.10 | 434.10 |
| 408.79 | 436.80 |
| 442.80 |
RACE Technical Analysis: SMA, RSI, MACD
Upon reviewing the RACE chart, buy and sell signals have been generated in the Ferrari N.V. technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for RACE stock are as follows:- RACE technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Ferrari N.V. gave a 'Buy' signal when the RSI was at 22.579, with the current RSI value at 55.189.
- The technical analysis for RACE indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Ferrari N.V. issued a 'Buy' signal when the MACD was at -0.768, with the current MACD value being: -0.768
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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