(RACE) Technical Pivots with Risk Controls

Longer Term Trading Plans for RACE

• Buy RACE near 463.08 target 499.47 stop loss @ 461.74 Details

The technical summary data tells us to buy RACE near 463.08 with an upside target of 499.47. This data also tells us to set a stop loss @ 461.74 to protect against excessive loss in case the stock begins to move against the trade. 463.08 is the first level of support below 486.31 , and by rule, any test of support is a buy signal. In this case, support 463.08 is being tested, a buy signal would exist.

• Short RACE slightly under 499.47, target 463.08, stop loss @ 500.91 Details

The technical summary data is suggesting a short of RACE as it gets near 499.47 with a downside target of 463.08. We should have a stop loss in place at 500.91though. 499.47 is the first level of resistance above 486.31, and by rule, any test of resistance is a short signal. In this case, if resistance 499.47 is being tested, a short signal would exist.

Swing Trading Plans for RACE

• Buy RACE slightly over 488.24, target 499.47, Stop Loss @ 486.83 Details

If 488.24 begins to break higher, the technical summary data tells us to buy RACE just slightly over 488.24, with an upside target of 499.47. The data also tells us to set a stop loss @ 486.83 in case the stock turns against the trade. 488.24 is the first level of resistance above 486.31, and by rule, any break above resistance is a buy signal. In this case, 488.24, 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 488.24, target 463.08, Stop Loss @ 489.65. Details

The technical summary data is suggesting a short of RACE if it tests 488.24 with a downside target of 463.08. We should have a stop loss in place at 489.65 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, 488.24, 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 487.94, target 488.24, Stop Loss @ 486.8 Details

If 487.94 begins to break higher, the technical summary data tells us to buy RACE just slightly over 487.94, with an upside target of 488.24. The data also tells us to set a stop loss @ 486.8 in case the stock turns against the trade. 487.94 is the first level of resistance above 486.31, and by rule, any break above resistance is a buy signal. In this case, 487.94, 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 487.94, target 463.08, Stop Loss @ 489.08. Details

The technical summary data is suggesting a short of RACE if it tests 487.94 with a downside target of 463.08. We should have a stop loss in place at 489.08 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, 487.94, 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 July 07:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	425.88
P2	487.94	488.24	463.08
P3	496.22	500.72	499.47

AI Generated Signals for RACE

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