Ferrari stock: +6.9% bounce after earnings
Ferrari stock jumps 6.9% post-earnings, but distribution warning persists
Ferrari stock: +6.9% bounce after earnings
Our view last week
Ferrari's week closes down 3.3%, with three caution flags: contracting volumes, a fading candle body, and sellers slightly ahead on the last bar. The Ferrari stock stays boxed between the resistance of its 200-day average (the 323.6 area) and the support of the daily lower Bollinger Band (the 316.9 area), just as earnings land this week. The buy signal is in its 6th week, in profit since entry.
This week's summary
Ferrari closes earnings week with a 6.9% jump, its sharpest bounce in months, and the Ferrari stock is back knocking on the daily upper Bollinger Band, in the 345.9 area. The stock stays under watch, though: price action flags a distribution phase underway, and the price has already tested the recent highs once without truly clearing them. The buy signal is in its 7th week, up 10.8% since entry.
IQS Phase
60
ordinary
Signal Strength
44
medium · weak
Sizing
REDUCED
Ranking
#42 / 61
EU-UK stocks in progress
Trade P&L %
+10.84%
from signal to date, no stop loss
Rank position
ranks 42nd among the 61 Longs already running for European-UK stocks in our ranking, with a signal strength of 44 out of 100.
Sector context
SectorItalian
Benchmark ETFEXHG
Sector regimein strong phase
Performanceweekly +4.15% · monthly +3.15%
RACE belongs to the italian sector (reference ETF EXHG). The sector is classified in strong phase according to our weekly reading.
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