Ferraci Stock $RACE swing long-term investment at weekly demandFerrari Stock NYSE:RACE swing long-term investment at weekly demand. The stock has reached a decent weekly demand level at $428 per share and it's trying to create a new bullish leg.
2FE trade ideas
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
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.
A 420 bet on RaceFerrari has been under my radar for a while now and it's finally giving me the chance to own and trade some shares. After a correction pattern on the weekly and daily charts, price on MIL:RACE has been consolidating around 410 and 225 without re-testing the 375-350 area, this flat price action on MIL:RACE for the last 160 days shows me bullish strength and a high probability for a long pattern to play out on significant time frames.
A position has been opened with a 6% Stop Loss 👀
Ferrari: Extended fifths and the case for a topFerrari has undergone a relentless bull market since February of 2016. With new all-time highs seemingly every day, it is hard to think the stock may be vulnerable to a move that could see it lose 30% or more of its value, but the count would suggest the RACE may be coming to an end.
The wave count in RACE is rather clear and unambiguous. Price has developed what appears to be a mature impulse wave from its 2016 low to its current highs. Waves {1}, {3}, and {5} all subdivide into clear "fives" and waves {2} and {4} subdivide into clear "threes".
What is notable about this wave count is the fact that wave {3} is shorter than wave {1} coupled with the fact that wave (5) of {5} appears to be "extended". One of the main rules of wave development in impulse waves is that wave three cannot be the shortest wave. When you encounter a situation where the third wave of an impulse is shorter than the first wave, you can identify the maximum limit the fifth wave can travel by measuring the length of the third wave and projecting it off the low of the fourth wave. Since wave three cannot be the shortest wave and wave three is still shorter than wave one, wave five must not be longer than wave three in order to satisfy the rule. With this in mind, we can set our upper limit to 498, where wave {5} would become longer than wave {3}.
If we observe the development of wave {5} from its starting point in June of 2022, we can see it has developed in a straightforward manner with clear and clean subdivisions. We can see that wave (5) of {5} has also subdivided into a clear five-wave pattern as price accelerates towards new all-time highs. However, there are cracks showing in the foundation.
Wave (5) of {5} has developed whats called an "extension". An extension occurs when waves 1,3, or 5 of an impulse develop with exaggerated subdivsions that can sometimes be larger than the waves of the one larger degree of which they are apart. Extensions that occur in the fifth (and final) wave of an impulse are useful to identify because the guidelines of wave formation specifically identify behaviour that is unique to the termination of an extended fifth. The guideline explains that following the completion of an extended fifth wave, price will often retrace to at least the second wave low of the same degree in what is usually a sharp move. That puts our minimum downside target at 330.54 but it is likely to only be a rest stop on the way towards more significant levels such as the wave (4) low at 285 and the wave {4} low at 167.45.
The cherry on top is the wave 4 of (5) of {5} triangle pattern. Ive discussed and displayed the terminal nature of the triangle in my writing before and this pattern is no different. Triangles always precede the final move of the trend of the same degree. In this case, it forebodes the impending completion of three degrees of fifth waves in what is likely to be a swift reversal through 412 towards 330 and 285.
420 RACEFerrari has been under my radar for a while now and it's finally giving me the chance to own and trade some shares. The flat price action on MIL:RACE for the last 160 days shows bullish strength and a high probability for the long pattern to play out.
A half risk position has been opened with a 6% Stop Loss.
Ferrari ,,, Buying opportunity Uptrend
After about 4 months, a new trend has been started. There is a broken trend line and it can be considered as a Flat pattern. The weekly formed candle is a good bullish as a trigger. Based on the Flag pattern,the next target could be about 500-513 area and set up a good SL for your position. Based on my method, sure SL is below the triangle at about $400.
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.
Ferrari Races Higher, Bulls Eye $550 After Key Resistance BreakBuckle up, Ferrari (RACE) fans! The Italian Stallion is back in the driver's seat, and I am bullish after a crucial resistance level was shattered.
Ferrari stock surged past $370 resistance, a key technical hurdle that has capped the stock's potential for some time. This breakout suggests a bullish trend could be taking hold, with some expert analysts eyeing a potential surge to $550 in the coming months.
RACE is about to rise once again The NYSE:RACE stock closed the reverse head and shoulders move in early December and was drawn down to the support line, where it crossed the moving average (with some resistance from the sellers as it is seen on the graph that the downside trend has flattered after that cross). There's a support line hovering at $333 but before that 18% growth following the last earnings report, the stock was in a downtrend for a year (noticeably the ups and downs correlated with AMEX:SPY moves). Right now the stock is consolidating, but it could go up lifted by the general market sentiment, especially given that the ISM PMI data print of 47.4 beat the consensus estimate. Set a stop-loss order at $328.
RACE at a Finnish Line? Ferrari new ATH at a Golden Genesis FibFerrari's latest Earnings report was great news.
Price popped to the Golden Genesis fib at $517.
Look for retrace or break and retest for long entry.
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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.
FERRARI: GARTLEY detected + Monitor GapsFERRARI: GARTLEY detected + Monitor Gaps
On the rise:
-possible rebound on the GAP around 327
On the decline :
-return to the EMA.50 around 314
-Then Gap, around 311
-and then EMA.200 around 288.
Pay attention to the GAP at the bottom, around 208
RACEFerrari S.p.A. is an Italian luxury sports car manufacturer based in Maranello, Italy. Founded in 1939 by Enzo Ferrari, the company built its first car in 1940, adopted its current name in 1945, and began to produce its current line of road cars in 1947.
Re-testing the breakout level.
$RACE continue downtrend on short but reversal possible tooNYSE:RACE short made $$$ from first call. Now a pause to short and may see further downtrend. Reversal is also possible hence it is good to short only when go below LOD 29 Dec. DYDD. No position just testing my theory.
#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.
Ferrari breaking out downside.Ferrari in a very clear textbook #Distribution since a few days.
Institutions accumulating your Stop Losses.
So a super Flat channel - no subjectivity there.
We're missing a #BullTrap - Ideally I like to see one. Will be surprised if it breaks down so easily.
But still taking the trade at 930 EST Monday open - its 5x if it works.
$RACE short term trading planI've included a weekly trade plan for RACE (Ferrari) with points to watch at the weekly close, need a close below yellow and green supports right now, this week should give a strong signal.
Once that happens we have to capture a 12% swing to low as that's a strong support area, where we will be looking for re entry short or long depending on the general market and index positioning.
Ferrari to Start Accepting Crypto Payments in U.S: ReutersFerrari (RACE) will start accepting cryptocurrency as a payment method in the U.S., according to a report by Reuters on Saturday.
The Maranello, Italy-based luxury sports car manufacturer will subsequently extend the scheme to Europe in response to demand from its wealthy customers, Reuters reported, citing Chief Marketing and Commercial Officer Enrico Galliera.
Ferrari will use crypto payments provider BitPay to process transactions in bitcoin (BTC), ether (ETH) and stablecoin USD coin (USDC) in the initial rollout in the U.S.
Some are young investors who have built their fortunes around cryptocurrencies," Galliera said. "Some others are more traditional investors, who want to diversify their portfolios."
Despite crypto's popularity as an investment tool, for major companies to accept it as method of payment remains rare. In February 2021, Elon Musk's electric-car company Tesla (TSLA) began accepting bitcoin payments but discontinued the service only three months later, citing environmental concerns over the electricity usage involved in bitcoin mining.
Neither Ferrari nor BitPay immediately responded to CoinDesk's request for comment.
Ferrari begins accepting crypto currency as means of paymentThis is huge for Ferrari and we are expecting a surge in price for the RACE Ferrari stock
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.
