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RACE

Is Ferrari's stock still bullish?Is Ferrari's stock still bullish? Technical Outlook Elliot Wave theory suggests a cautious bullish stance. The present correction seems to be a temporary setback, likely driven by guidance and tariff fears, but sets the stage for a potential rally to $520-$540 if support is not broken. However, risks of a deeper correction (i.e., to $420-$440) persist if pressures from the outside intensify. The stock is currently trading above all three of its major EMA levels — daily, weekly, and monthly — that is a good technical signal. The rising daily EMA at 479.98 suggests that short-run momentum remains healthy. The weekly EMA at 461.77 provides medium-term support, while the monthly EMA at 421.08 supports the longer-term trend solidly. Positive Sentiment Factors Ferrari reported robust Q1 2025 results, with net revenues of €1.79 billion (up 13% YoY), an operating profit of €542 million (up 22.7%), and a net profit of €412 million (up 17%). Adjusted earnings per share were €2.30, surpassing analyst expectations of €2.28. This shows Ferrari’s strong pricing power and demand for personalized vehicles. Analyst Sentiment: Optimism remains for Ferrari among some analysts. UBS raised its price target to $560 from $520, maintaining a Buy rating, with the new Ferrari Elettrica a major catalyst, the company said. Bernstein and RBC Capital maintained Outperform ratings on the stock at $575 and €500, respectively. Barclays upgraded Ferrari to Overweight, calling it a "safe haven" in a shaky European automotive environment. Brand Strength and Strategic Positioning: Ferrari’s luxury brand and high demand for models like the Roma Spider, 296 GTS, SF90 XX, and Purosangue bolster its market position. Neutral Sentiment Factors Market and Industry Context: The broader market has been volatile due to trade developments and tariff relief rallies. Ferrari’s stock has been influenced by these macroeconomic factors, but its luxury positioning makes it less sensitive than mass-market automakers. Formula 1 Performance: Ferrari’s underwhelming Formula 1 season, with McLaren significantly outscoring Ferrari in points poses some concern among investors. While this does not directly impact stock performance, it may indirectly affect brand sentiment among enthusiasts. Negative Sentiment Factors Tariff Concerns: Ferrari shares have been sensitive to Trump's U.S. tariff policies. A tariff increase would add up to $50,000 to the price of an average Ferrari, potentially cutting sales volumes in the U.S., which accounts for 28.8% of net sales. JPMorgan warned that tariff impacts might be "worse" for Ferrari, lowering the price target to $460 from $525 Conclusion Ferrari stock has a bullish but cautious bias, supported by solid fundamentals, favorable technical momentum, and positive analyst sentiment on upcoming product releases such as the Ferrari Elettrica. Macro risks, however, including U.S. trade policy and market volatility, are still major overhangs.
NYSE:RACELong
by alfredwhite
TSLA New ATH incoming? Overview of primary catalysts.After trading between $346 and $365 intraday on May 27, Tesla shares closed at $362.89—up modestly despite broader market headwinds and lingering investor skepticism. Here’s a detailed breakdown of the primary catalysts shaping Tesla’s stock price (ranked 0–10): 1. Electric Vehicle Demand Growth Strength: 9/10 Global EV adoption remains the single largest driver of Tesla’s top line. Despite slowing sales in Europe and China, overall EV penetration continues to surge as consumers shift away from internal-combustion engines. 2. Launch of Affordable Model (Entry-Level EV) Strength: 8.5/10 Elon Musk has reiterated plans to unveil a sub-$25,000 EV in early 2025, targeting the mass market. Investors cheered a recent reaffirmation of focus on core products over peripheral projects. 3. Battery Cost Reductions & Margin Expansion Strength: 8/10 Tesla’s relentless drive to lower battery pack costs underpins both profitability and price competitiveness. Q4 cost of goods sold dipped below $35,000 per vehicle, even as margins softened amid mixed volumes. 4. Autonomy & Robotaxi Progress Strength: 7.5/10 Commercial robotaxi trials are slated to begin in Austin in June 2025, with a dedicated Cybercab in development. While regulatory and safety hurdles loom, the promise of recurring software subscription revenue could be transformative. 5. Competition from Other EV Manufacturers Strength: 7/10 Legacy automakers and startups alike are ramping up EV offerings. Tesla’s U.S. market share has declined in recent years, highlighting intensifying pressure in key regions. 6. U.S.–China Trade Policies & Tariffs Strength: 6.5/10 Fluctuating tariffs on Chinese EV imports have led to order suspensions and forecasting challenges. Trade-policy uncertainty remains a wild card given Tesla’s global supply chain. 7. Regulatory Incentives & Subsidies Strength: 6/10 U.S. federal tax credits under the Inflation Reduction Act and similar programs in Europe and China support EV demand—and Tesla’s eligibility criteria will influence its market growth. 8. Commodity Price Volatility (Lithium, Nickel, Cobalt) Strength: 5.5/10 Raw material cost swings can erode margins. While long-term supply agreements help, spot shortages or price spikes remain risks. 9. Fed “Higher for Longer” Interest Rate Environment Strength: 5/10 Elevated real yields reduce the appeal of high-growth names like Tesla. A sustained hawkish stance from the Fed could continue to cap valuations, similar to how it weighs on non-yielding assets. 10. Corporate Governance & Elon Musk’s Public Profile Strength: 4/10 Musk’s high-profile engagements and occasional controversies can politicize the brand, prompting sentiment-driven stock swings. Catalyst Strength Rankings (May 2025) 🔸 EV demand growth: 9 🔸 Affordable Model launch: 8.5 🔸 Battery cost & margins: 8 🔸 Autonomy/robotaxi progress: 7.5 🔸 Competition: 7 🔸 Trade & tariffs: 6.5 🔸 Regulatory incentives: 6 🔸 Commodity costs: 5.5 🔸 Fed rates: 5 🔸 Musk profile: 4 Analyst Forecasts for 2025 | Analyst / Consensus | 12-Month Price Target | Rating | | --------------------------- | --------------------- | ------------ | | High | \$470.00 | – | | Median | \$306.00 | Hold/Neutral | | Low | \$115.00 | – | | Average (Consensus) | \$306.29 | Hold | | Dan Ives (Wedbush) | \$315 | Outperform | | Adam Jonas (Morgan Stanley) | \$430 | Overweight | * Consensus sees a range of \$115–\$470 with an average near \$306. * Dan Ives trimmed his target from \$550 to \$315, citing tariff risks and political headwinds. * Adam Jonas remains bullish with a \$430 target, viewing Tesla as an “embodied AI compounder” despite near-term brand challenges. Where to Next for Tesla? * Current price: \~\$362.89 * Key support levels: \$350 and \$340 * Next technical floor: \$330 * Upside triggers: Stronger-than-expected delivery volumes, breakthrough in full-self-driving (FSD) reliability, or renewed cost cuts. Tesla’s stock remains a balance between long-term disruptive potential and short-term execution risks. While EV adoption and autonomous ambitions underpin a compelling growth narrative, margin compression, competitive pressures, and macro uncertainties will dictate volatility in the months ahead.
NASDAQ:TSLALong
by ProjectSyndicate
24
RACE (Ferrari) – Quality has its PriceMIL:RACE has a technically interesting setup that also fits well with the weekly setup that I presented a few weeks ago. The current consolidation has once again reached the lower zone and should find support from here one more time. Recently, a significant bounce was achieved from here several times. In addition, Ferrari is moving at the daily SMA 200 line and has bounced upwards from this (as well as from the horizontal support). In the 4h chart we see a nice RSI divergence as well as a breakout from a falling wedge. Both bullish signals. Fundamentally, Ferrari is not cheap, but quality has its price. The backlog extends years into the future, the pre-order lists are full to bursting, the line-up presented is technically flawless and in demand and the cash flow is immense. In addition, the company is still family-owned (which secures the share price) and the current F1 season with Hamilton and Leclerc as the team should also be interesting. We are initially targeting the area around EUR 438 and then the previous ATH at EUR 457. This results in an ROI of 10%. Should the daily closing price fall below EUR 400, the trade would be disqualified and closed. Target zones 438 EUR 457 EUR Support Zones 400 EUR
MIL:RACELong
by LGNDRY-Capital
1
75% gains TSLA Best Level to BUY/HOLD🔸Hello traders, today let's review 12hour price chart for TSLA. Recently we gapped up on higher volume, we got two liquidity gaps below market overall this indicates strength, having said that there is heavy fresh overhead supply zone so expecting pullback. 🔸Fresh supply zones at 400/375/305 usd will provide liquidit for a potential pullback in TSLA. fresh demand zones located below market at 230/235 usd and 190 usd. most likely limited downside below fresh liqudity at 230/235 usd. 🔸Recommended strategy bulls: expecting measured move pullback once we trigger fresh supply zone near 300/305 usd, bulls should wait for the pullback to trigger fredh demand/liquidity zone at/near 230/235 USD. BUY/HOLD after pullback TP1 375 USD TP2 400 USD. 75% gains potential for patient traders. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:TSLALong
by ProjectSyndicate
39
Best Level to BUY/HOLD TSLA 100% upside TP 500/550 USD🔸Hello traders, today let's review 8hour chart for TSLA. Entering re-accumulation stage now, expecting range bound trading during next few weeks as we enter pullback/correction. We are closing in on heavy overhead resistace / limited upside currently. 🔸The speculative chart pattern is bullish C*H in progress, expect more range locked price action for a few weeks as we re-accumulate and get ready to clear the overhead resistances. Measured move price projectiong for the C*H structure is 500/550 USD, 100%+ upside from the recommended BUY ZONE. 🔸Recommended strategy bulls: wait for TSLA to re-accumulate in the sliding bull flag formation into the liquidity zone and get ready to BUY/HOLD low near 220 USD, target based on measured move projection is 550 USD. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:TSLALong
by ProjectSyndicate
17
Can NVDA hit 200 USD in Q1 2025?🔸Time to update the NVDA trade setup, previously was expecting a correction in this market, based on fundamentals we are definitely overextended, however NVDA so far is trading purely based on momentum ignoring the fundumentals. It's the star stock of the 2024 stock market. 🔸Previous strong uptrend, we broke above key psychological S/R at 100 usd. Right now we got a compression setup, expecting limited upside / pullback heading into US elections, having said that probably any downside beyond 115/120 usd is very limited. current floor set at 100/110 USD. 🔸Compressing into wedge formation, most likely we will break out to the upside following a shallow pullback in November 2024. Also November/December is a very strong seasonal period for US stock market, so it's really hard to recommend short selling NVDA. 🔸Recommended strategy bulls: expecting pullback near 114/118 USD in November going into elections, limited downside beyond 110 USD. BUY/HOLD near 114/118 TP bulls is 200 USD, which is almost 75% upside. Most likely we will reach target somewhere in Q1 2025, probably January. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:NVDALong
by ProjectSyndicate
26
RACE (Ferrari N.V.) BUY TF M15 TP = 479.50On the M15 chart the trend started on Oct.3. (linear regression channel). There is a high probability of profit taking. Possible take profit level is 479.50 This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.” Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTrading
NYSE:RACELong
by WeBelieveInTrading
TSLA Best Level to BUY/HOLD 30% gains ABCD fractal🔸Hello traders, today let's review 4hour price chart for TSLA. Recently we gapped down back into trading range, based on previous update I still maintain neutral outlook until we complete the re-accumulation structure, details see idea below. 🔸Having said that I'm expecting a decent 30% bounce in TSLA based on the ABCD price fractal. ABCD fractal from 2023 projected into the current market structure, point D expected near 188 usd timewise most likely December/January. This will be a good reload for the bulls. 🔸Recommended strategy bulls: Bulls wait for pullback to complete near 188 / point D and BUY/hold for a 30% bounce play. Exit/TP at 250 USD. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NASDAQ:TSLALong
by ProjectSyndicate
8
Can a Prancing Horse Outrun an Electric Future?In the ever-evolving landscape of luxury automobiles, Ferrari stands as a beacon of innovation and exclusivity. The recent upgrade from J.P. Morgan, elevating Ferrari's status from "Neutral" to "Overweight," underscores the company's resilience and strategic prowess in navigating complex market dynamics. This vote of confidence, coupled with a substantial increase in the price target to $525, reflects Ferrari's unique position in the luxury sector and its ability to maintain growth even in the face of global economic challenges. At the heart of Ferrari's success lies a paradoxical strategy that defies conventional wisdom: deliberately producing fewer cars than the market demands. This approach, rooted in the vision of founder Enzo Ferrari, has cultivated an environment of perpetual desire and scarcity. With a staggering backlog of 24 to 30 months, Ferrari has not only engineered exceptional vehicles but has also orchestrated an "underappreciated cultural evolution" within the company. This disciplined approach to growth, combined with the power to command premium prices, provides unparalleled visibility into future earnings and sets Ferrari apart from its luxury peers. As the automotive industry races towards electrification, Ferrari is poised to redefine the boundaries of performance and sustainability. The company's foray into the electric vehicle market, promising an "incredible driving experience" that remains true to the Ferrari ethos, demonstrates its commitment to innovation while preserving its core values. However, this journey is not without obstacles. Ferrari must navigate challenges such as an ongoing investigation into its chairman and the conclusion of a key partnership with Santander. Yet, with strong financial performance, positive investor sentiment, and a clear strategic vision, Ferrari appears well-equipped to maintain its pole position in the luxury automotive market, promising a future as thrilling and exclusive as its storied past.
NYSE:RACELong
by MorMedia
Ferrari Reported an Increase in Core Earnings Stock Down 0.61%Ferrari reported a 13% increase in core earnings in the first quarter of 2021, but its shares fell as the luxury sports car maker failed to excite investors. The Italian company said its quarterly results were boosted by pricing power, the mix of product sales, and a greater contribution from personalized vehicles. It also cited rising deliveries of its 2 million euro ($2.2 million) limited-series Daytona SP3 model. CEO Benedetto Vigna said Ferrari ( NYSE:RACE ) had produced double-digit growth for both revenue and profits despite stable car deliveries. The company's adjusted earnings before interest, tax, depreciation and amortization (EBITDA) reached 605 million euros in January-March, in line with analyst expectations. However, shipment fell by seven units to 3,560, dragged by a 20% drop in the China, Hong Kong, and Taiwan region. Ferrari confirmed its forecast for full-year adjusted EBITDA to increase to at least 2.45 billion euros in 2024. The company's net revenues of Euro 1,585 million, up 10.9% versus the prior year, with total shipments of 3,560 units $1flat versus Q1 2023. Adjusted EBIT(1) of Euro 442 million, up 14.8% versus the prior year, with adjusted EBIT(1) margin of 27.9%. Adjusted net profit of Euro 352 million and adjusted diluted EPS(1) at Euro 1.95 were up 12.7% versus the prior year, with adjusted EBITDA(1) margin of 38.2%. The product portfolio in the quarter included nine internal combustion engine (ICE) models and four hybrid engine models, which represented 54% and 46% of total shipments, respectively. Revenues from Cars and spare parts were Euro 1,382 million, up 11.4% or 13.5% at constant currency(1). Sponsorship, commercial, and brand revenues reached Euro 145 million, up 11.6% or 12.0% at constant currency(1) attributable to new sponsorships, partially offset by lower Formula 1 ranking in 2023 vs. 2022. Other revenues were flat, with higher revenues from financial services activities offset by the decreased contribution from the Maserati contract which expired in 2023. Currency had a negative net impact of Euro 26 million, mostly related to the Chinese Yuan, Japanese Yen, and US Dollar. Q1 2024 Adjusted EBITDA reached Euro 605 million, up 12.7% versus the prior year and with an Adjusted EBITDA(1) margin of 38.2%. Industrial free cash flow for the quarter was strong at Euro 321 million, driven by the increased Adjusted EBITDA, partially offset by capital expenditures of Euro 195 million and the increase in working capital, provisions, and other of Euro 71 million. As of March 31, 2024, the company was in a Net Industrial Cash position of Euro 38 million for the first time, compared to Net Industrial Debt of Euro 99 million as of December 31, 2023, also reflecting share repurchases of Euro 136 million.
NYSE:RACE
by DEXWireNews
Ferrari Sets New Record Highs On Earnings Ferrari (NYSE: NYSE:RACE ), the iconic luxury sports car manufacturer, is making headlines once again as its stock ( NYSE:RACE ) catapults to all-time highs, fueled by impressive Q4 earnings and the potential signing of Formula 1 legend Lewis Hamilton. The renowned racing driver, a seven-time World Drivers' Championship winner, could be donning the iconic red suit for Ferrari in the 2025 season, signaling a significant shift in the F1 landscape. Earnings Triumph: Ferrari ( NYSE:RACE ) reported Q4 adjusted earnings of 1.62 euros per share, exceeding forecasts with a 33% year-over-year increase. Net revenues for the quarter surged by 11% to 1.52 billion euros, surpassing FactSet analysts' expectations. The company delivered 1,493 cars to the EMEA market, while deliveries to the Americas rose by 6%. Despite a 25% drop in deliveries to China, Hong Kong, and Taiwan, Ferrari's ( NYSE:RACE ) overall performance paints a robust picture. Full-year shipments rose by 3% to 13,663 vehicles, although China deliveries experienced a 4% decline. Notably, cars and spare parts revenue jumped by 12% to 1.29 billion euros for the quarter, showcasing the brand's enduring appeal and solid financial performance. Strategic Guidance: Ferrari ( NYSE:RACE ) provided optimistic guidance for 2024, expecting earnings to increase nearly 9% to 7.5 euros per share or more, with revenue projected to grow by about 7% to 6.4 billion euros or greater. Analysts at FactSet anticipate adjusted earnings of 7.53 euros per share on 6.45 billion euros in revenue, aligning with Ferrari's ( NYSE:RACE ) bullish outlook. Lewis Hamilton's Potential Move: In a surprising turn of events, reports suggest that Lewis Hamilton, a stalwart with Mercedes, might be on the verge of joining Ferrari ( NYSE:RACE ) for the 2025 season. The seven-time World Champion, who currently holds the record for the most Grand Prix victories at 103 wins, could form a formidable alliance with Ferrari's rising star, Charles Leclerc. Hamilton's potential move adds an extra layer of excitement to the F1 narrative, as the partnership aims to challenge Red Bull's Max Verstappen, the current driver behind F1's dominance. If the speculated move materializes, it could mark a historic moment in the world of motorsports, bringing together one of the greatest drivers with one of the most iconic teams in the sport's history. Market Reaction: Investors responded swiftly to the positive earnings report and the Hamilton news, propelling Ferrari ( NYSE:RACE ) stock to a 12% surge to all-time highs. The move has positioned NYSE:RACE stock into a buy zone. The stock's strong ascent has also propelled it above its 50-day moving average, signaling continued market enthusiasm. Conclusion: Ferrari's ( NYSE:RACE ) record-breaking performance, both on the financial front and the potential addition of Lewis Hamilton to its roster, underscores the brand's enduring appeal and strategic vision for F1 dominance. As the luxury carmaker revs up for the future, investors and racing enthusiasts alike are eagerly anticipating the unfolding chapters in Ferrari's ( NYSE:RACE ) storied history. The convergence of financial success and high-profile partnerships positions Ferrari as a driving force in both the automotive and motorsports industries.
NYSE:RACELong
by DEXWireNews
Porsche with one of the highest profit margins per carPorsche, one of the automotive manufacturers with one of the highest profit margins per car in the world. After RACE, Ferrari, it's Porsche, it seems to me. This stock has returned to its IPO price... Undervalued in my opinion. - Price-To-Earnings ratio (12.9x) is below the German market (16.1x) - Earnings are forecast to grow 5.77% per year - Earnings grew by 3.3% over the past year - Analysts in good agreement that stock price will rise by 33.9% - No risks detected for P911 - Revenue is meaningful (€41B) - Market cap is meaningful (€67B) - The company’s earnings are high quality - Debt level is low and not considered a risk
XETR:P911Long
by Maximus20000
#RACE What recession? Ferrari racing away!i0.wp.com Stock has broken out of this broadening pattern to reach new all-time highs with a measured target of at least $360.00 after beating expectations and and raising guidance. Ferrari Stock Is on Track to Hit All-Time Highs — WSJ Nov 3, 202321:31 GMT+2 RACE +1.78% By Hardika Singh The company that makes some of the hottest cars in the world has a hot stock. Ferrari shares recently rose 2.4% to $331 Friday, on course to set at a record high, after the Italian sports-car maker on Thursday reported earnings (www.wsj.com) that exceeded expectations. The company raised its full-year guidance after profit jumped 45% and revenue grew 24% in the third quarter from a year ago, thanks to a better sales mix and higher demand for vehicle customization. Ferrari shares are up 54% this year.
NYSE:RACELong
by MarcoOlevano
2
Race Ferrari:Hitting the Brakes on a Volatile Day Race Ferrari (NYSE) presents an enticing opportunity for investors looking to go long in the luxury automotive sector. Ferrari, known for its iconic brand and high-performance vehicles, has demonstrated resilience amid economic uncertainties. One compelling reason to consider a long position is Ferrari's strong brand loyalty and demand for its premium cars, which has shown no signs of waning. Additionally, as the global economy recovers, luxury car sales tend to rebound strongly. With a track record of steady growth and a commitment to sustainability, Ferrari is well-poised for future success. Its expansion into electric vehicles and continued focus on innovation ensures it remains at the forefront of the automotive industry. Furthermore, technical analysis reveals positive signals, including moving averages and relative strength index (RSI), supporting a bullish outlook. While no investment is without risks, Ferrari's unique market position and promising future prospects make it an attractive choice for those considering a long-term investment strategy in the automotive industry.
NYSE:RACELong
by DEXWireNews
RACE 4d best level to buy/hold 100% gains 🔸Hello traders, today let's review4 daily price chart for RACE/Ferrari. Measured move pullback in progress right now, however overall strong chart indicates further upside possible. 🔸Strong sequence of higher lows and higher highs and new higher lows new higher low expected near 210/215 usd. currently pullback in progress so it's recommended to wait until pullback is over before reloading. buy/hold setup for patient traders only. 🔸Recommended strategy bulls: expecting pullback based on measured move projection set to extend further down towards 210/215 usd. Bulls should focus on buying low later after the pullback is complete later in Q4 2023/Q1 2024. reload bulls near 210/215usd. Based on measured move projection new high expected at 500 usd. 100% upside in this trade. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
NYSE:RACELong
by ProjectSyndicate
33
TSLA vs Ford - Market Cap Shifts may reflect Investor SentimentOn this weekly chart I have set up the running ratio of shares of TSLA to shares of Ford over a time span dating back to pre-covid times. Added to the chart are a set of EMAs as well as zero-lag MACD and Directional Index indicators. TLSA dominated early and the ratio steadily increased. Given a choice between TSLA and F the longterm investor would buy the former. However, at the beginning of 2021, things changed as can be seen on the chart and the indicators. At this point, the ratio is over and under the weekly EMA200 and trending down. Now an investor might liquidate the TSLA shares and buy Ford instead. Hard to say what the the longer-term picture might be. TSLA is selling a hypergrowth narrative that may not come to fruition. Ford is slowly steadily hanging in there with its broad product line including the F-150 both Classic and Lightning. Time will tell........ So is it TSLA long or short ?
NASDAQ:TSLA
by AwesomeAvani
Ferrari Rising Wedge in Long TermWhen we look at the Ferrari graph on an annual basis, we see a rising wedge. Generally, assuming the wedge has broken downwards, the next target will be the $150 level. If we need to support this technical analysis with fundamental analysis, it is striking that especially the PEG ratio is too high. As long as the wedge doesn't break higher ($218), I will keep the $150 level as a target. When it reaches the $150 level, I will analyze the target again on my page for a buying opportunity.
MIL:RACEShort
by YavuzAkbay