Ferrari · Borsa Italiana (Milan) · open long, week 16
Ferrari drops 3.8% to a fresh 30-day low as money flow fades to zero
Our view last week
Ferrari stock closed the week up 0.9%, but 75% of volume went to the sellers: a price recovery the tape isn't backing. Price stays penned between the 20-day moving average, in the 357.2 area, and the daily VWMA, in the 356.4 area. Money flow has been positive for 6 weeks but is slowing, and the MACD histogram has fallen for 5: for swing trading it's a case to follow, with the trade up 16.4% since entry.
This week's summary
Ferrari fell 3.8% and set a fresh 30-day low, breaking down from last week's squeeze between its daily moving averages. Technical analysis of Ferrari stock for swing trading: weakening price action, a MACD histogram that has declined for 6 weeks, money flow close to zero. Price closed below the first stop level (SL1) and the second stop level (SL2) flagged in last week's card (345.68 area, 345.05 area): for anyone following those levels the trade is closed. The close and the Inversion Point, in the 346 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
IQS Phase
42
ordinary
Signal Strength
40
medium · weak
Sizing
REDUCED
Ranking
#20 / 29
EU-UK stocks in progress
Trade P&L %
+11.94%
from signal to date, no stop loss
Ferrari (RACE) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 20th among the 29 Longs already running for European-UK stocks in our ranking, with a signal strength of 40 out of 100.
Sector context
SectorItalian
Benchmark ETFEXHG
Sector regimeweak phase
Performanceweekly -3.48% · monthly -7.23%
RACE belongs to the italian sector (reference ETF EXHG). The sector is classified weak phase according to our weekly reading.
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