Learn to Evaluate (RACE) using the Charts

April 14, 2024, 05:24 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RACE

• Buy RACE slightly over 399.41 target 428.88 stop loss @ 398.26 Details

The technical summary data tells us to buy RACE near 399.41 with an upside target of 428.88. This data also tells us to set a stop loss @ 398.26 to protect against excessive loss in case the stock begins to move against the trade. 399.41 is the first level of support below 410.4 , and by rule, any test of support is a buy signal. In this case, support 399.41 is being tested, a buy signal would exist.

• Short RACE slightly under 428.88, target 399.41, stop loss @ 430.12 Details

The technical summary data is suggesting a short of RACE as it gets near 428.88 with a downside target of 399.41. We should have a stop loss in place at 430.12though. 428.88 is the first level of resistance above 410.4, and by rule, any test of resistance is a short signal. In this case, if resistance 428.88 is being tested, a short signal would exist.

Swing Trading Plans for RACE

• Buy RACE slightly over 419.33, target 428.88, Stop Loss @ 418.12 Details

If 419.33 begins to break higher, the technical summary data tells us to buy RACE just slightly over 419.33, with an upside target of 428.88. The data also tells us to set a stop loss @ 418.12 in case the stock turns against the trade. 419.33 is the first level of resistance above 410.4, and by rule, any break above resistance is a buy signal. In this case, 419.33, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short RACE slightly near 419.33, target 408.17, Stop Loss @ 420.54. Details

The technical summary data is suggesting a short of RACE if it tests 419.33 with a downside target of 408.17. We should have a stop loss in place at 420.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 419.33, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for RACE

• Buy RACE slightly over 417.48, target 419.33, Stop Loss @ 416.51 Details

If 417.48 begins to break higher, the technical summary data tells us to buy RACE just slightly over 417.48, with an upside target of 419.33. The data also tells us to set a stop loss @ 416.51 in case the stock turns against the trade. 417.48 is the first level of resistance above 410.4, and by rule, any break above resistance is a buy signal. In this case, 417.48, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short RACE slightly near 417.48, target 408.17, Stop Loss @ 418.45. Details

The technical summary data is suggesting a short of RACE if it tests 417.48 with a downside target of 408.17. We should have a stop loss in place at 418.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 417.48, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Ferrari N.v. (RACE) available here: RACE.

RACE Ratings for April 14:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	369.22
P2	417.48	408.17	399.41
P3	422.09	419.33	428.88

AI Generated Signals for RACE

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Ferrari N.v. (NASDAQ: RACE) report below can help you understand how to do this. The trading plans for RACE, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.