Ferrari Technical Analysis (NYSE:RACE)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Ferrari stock price data and volume are plotted in RACE stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Ferrari. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Ferrari stock analysis.
Ferrari Moving Average
Moving averages show the average price of RACE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Ferrari are mostly signals of long term trends and will help long term traders.
Ferrari Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the RACE stock. The stock price is trading between the average and the upper band in the context of Ferrari bollinger bands.
Ferrari Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Ferrari MACD line is below the signal line.
Ferrari Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of RACE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.