RACE

Million

Resistance

April

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>RACE stock price trades above the major 20 and 50-day daily moving averages.</a></li>
 <li><span>2</span> <a>Ferrari NV (NYSE: RACE) stock’s 52-week price range is between $167 – $329.</a></li>
</ul>
<p>The RACE stock pays dividends annually on the charts and its dividend yield for TTM is 0.63% and its last dividend payment was at $2.00 per share. The last ex-dividend date was April 24th, 2023 and its payout ratio is 30.65%.</p>
<p>The RACE stock reported an EPS of $1.996 for the period ending June 2023, beating the analysts’ estimate of $1.891 by 5.54%. The next quarter’s EPS is estimated to be -$0.25. The next quarter’s revenue is estimated to be $1.544 Billion and an estimated EPS of $1.678, the report will be released on November 2nd, 2023.</p>
<p>Ferrari NV’s latest quarterly earnings report for the period ending June 2023, displayed a revenue of $1.61 Billion, with a net income of $363.42 Million, and a gain in profit margin from the last quarter of 22.61%. This quarter, the reported revenue missed analysts’ estimates by $2.557 Million (0.16%).</p>
<p>Furthermore, RACE stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $8.67 Billion and total liabilities of $5.69 Billion. The debt-to-assets ratio is at 65.63%.</p>
<h2 class="wp-block-heading" id="strong-race-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>RACE Stock Price Technical Analysis in 1-D Timeframe</strong></h2>
<p>The RACE stock’s average volume for the last 10 days is 244.734K and its current volume is 257.408K. The RACE stock has a share float of 122.044 Million shares and a market cap of $75.314 Billion. The RACE stock has a CMP of $305.40 and an intraday gain of 1.82%.</p>
<p>The RACE stock price rose from the $167 support level in June 2022 and reached a high of $329 in July 2023, making higher highs and lows. It faced resistance and fell sharply due to investors taking profits after the quarterly reports for June 2023. However, the stock showed recovery signs as the RACE price took support at $285 around the end of September 2023.</p>
<p>Therefore, if the Ferrari stock manages to gain strong buying momentum and surges above the swing high, it can trigger a threat for investors by giving a bigger rally. The probable resistance levels are between $313 and $322.</p>
<p>Alternatively, if the stock faces resistance again and continues to fall below, and breaks below $293, then it could fall up to $285.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh3.googleusercontent.com/6Ger1rxYOnmN-7wK4zSTvacxTqH05g7vqbq9sdmZz2UVbbo4kcdpFZXwbhBZp-e4OHQPvoyALGWMF3Bp06XAUbJdQ0EdVLtCIooc-CxGsNi4UXtNOoSdpdqyDq7Q9yXyCBXpFnIypdIX8PoONgrtW1o" alt="RACE Stock: Is Yeary High An Easy Target For (NYSE: RACE) Price?">
  <figcaption class="wp-element-caption">
   Source: RACE.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh4.googleusercontent.com/Hk9ESSoSyqJNcp17J48ppvZRboU5iXXZs_igt2hG8FEkVbF3JdNVnR4i4xhY3Qs7Fmj8C9mz0xDwJJndtMXFuZinjYlwVzfqNe_ZZ08CZjEGsPLogT0cOwDGv7cYO5mkuqPhE_tBF7HMiRBVW0kB_lA" alt="RACE Stock: Is Yeary High An Easy Target For (NYSE: RACE) Price?">
  <figcaption class="wp-element-caption">
   Source: RACE.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div>
<p>At the time of publishing, the price of Ferrari NV (NYSE: RACE) found recent support at $285 and jumped above 20 and 50-day EMA. The MACD indicates a bullish cross. The RSI is at 57 and has bounced off the 14 SMA. The indicators in the RACE stock suggest positive signs on the charts.</p>
<p>Moreover, the RACE stock ratings are positive and highly recommended based on 22 analysts who have evaluated the stock in the last three months. The 1-year price forecast for the stock by 20 analysts ranges between $261.97 to $379.33.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p><a href="https://www.thecoinrepublic.com/2023/07/22/will-ferrari-nv-stock-nyse-race-persist-in-its-upsurge/" rel="noopener noreferrer nofollow">Ferrari NV (NYSE: RACE)</a> chart indicates that the traders and investors of the stock price are bullish and positive on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical analysis tools of the Ferrari stock price such as EMA, RSI, and MACD highlight upward signals and support bullishness.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $293 and $285</p>
<p><strong>Resistance Levels</strong>: $313 and $322</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

RACE Stock: Is Yeary High An Easy Target For (NYSE: RACE) Price?

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