(RACE) Proactive Strategies

Longer Term Trading Plans for RACE

• Buy RACE near 461.06 target 497.53 stop loss @ 459.73 Details

The technical summary data tells us to buy RACE near 461.06 with an upside target of 497.53. This data also tells us to set a stop loss @ 459.73 to protect against excessive loss in case the stock begins to move against the trade. 461.06 is the first level of support below 477.54 , and by rule, any test of support is a buy signal. In this case, support 461.06 is being tested, a buy signal would exist.

• Short RACE slightly under 497.53, target 461.06, stop loss @ 498.97 Details

The technical summary data is suggesting a short of RACE as it gets near 497.53 with a downside target of 461.06. We should have a stop loss in place at 498.97though. 497.53 is the first level of resistance above 477.54, and by rule, any test of resistance is a short signal. In this case, if resistance 497.53 is being tested, a short signal would exist.

Swing Trading Plans for RACE

• Buy RACE slightly over 497.53, target n/a, Stop Loss @ 496.09 Details

If 497.53 begins to break higher, the technical summary data tells us to buy RACE just slightly over 497.53, with an upside target of n/a. The data also tells us to set a stop loss @ 496.09 in case the stock turns against the trade. 497.53 is the first level of resistance above 477.54, and by rule, any break above resistance is a buy signal. In this case, 497.53, 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 497.53, target 471.95, Stop Loss @ 498.97. Details

The technical summary data is suggesting a short of RACE if it tests 497.53 with a downside target of 471.95. We should have a stop loss in place at 498.97 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, 497.53, 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 481.34, target 497.53, Stop Loss @ 480.22 Details

If 481.34 begins to break higher, the technical summary data tells us to buy RACE just slightly over 481.34, with an upside target of 497.53. The data also tells us to set a stop loss @ 480.22 in case the stock turns against the trade. 481.34 is the first level of resistance above 477.54, and by rule, any break above resistance is a buy signal. In this case, 481.34, 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 481.34, target 474.53, Stop Loss @ 482.46. Details

The technical summary data is suggesting a short of RACE if it tests 481.34 with a downside target of 474.53. We should have a stop loss in place at 482.46 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, 481.34, 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 June 27:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	424.03
P2	474.53	453.87	461.06
P3	481.34	471.95	497.53

AI Generated Signals for RACE

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