$RACE Is Only 15% From Its High as Ferrari Keeps Its Luxury Moat

Trend_Radar
08-21

$Ferrari NV(RACE)$

$Ferrari NV (RACE) +0.75%: Luxury Icon Holds $422–$428 Range, MACD Momentum Building Toward $454 Target

Latest Close Data: Ferrari closed at $428.37 (+0.75%) on Aug 21, 2026, just 1.5% below its immediate resistance of $428.93 and 15.1% below its 52-week high of $504.49. Intraday range was tight: $422.55–$428.47.

Core Market Drivers: Goldman Sachs raised its Ferrari target from €381 to €407, while Alpha Value lifted its target from €401 to €422. Luxury demand remains resilient despite broader macro noise; no company-specific negative catalysts surfaced.

Technical Analysis: Volume of 587.5K shares exceeded the 20-day average (volume ratio 1.75). MACD is bullish: DIF 12.29 > DEA 11.09, histogram expanding to +2.40. RSI(6) at 78.2 and RSI(12) at 71.9 signal overbought conditions, while RSI(24) at 65.3 remains constructive. KDJ shows K=87.1, D=82.1, J=97.0 — strong but stretched.

Key Price Levels: Primary support: $360.80. Strong resistance: $428.93. Immediate pivot: $428.47 (today's high). A daily close above $429 opens path toward $454.90 analyst mean target.

Valuation Perspective: P/E TTM stands at 40.6, well below the 5-year average forward P/E of 44.0 and near the -1 Std.Dev band of 36.5. P/S at 9.56 and P/B at 19.22 reflect premium luxury brand pricing power.

Analyst Targets: 12 analysts cover RACE: 5 Strong Buy, 9 Buy, 1 Hold. Mean target: $454.90 (range $400–$490). Consensus implies ~6.2% upside from current levels.

Weekly Outlook: Expect rangebound action between $422 and $429 in the next 3–5 sessions. A breakout above $429 targets $440–$445; failure at $422 opens retest of $410–$415 zone.

⚠️ Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Markets involve risk; past performance does not guarantee future results. Always conduct your own research before trading.

🎯$Ferrari NV (RACE) Options Strategy: Bull Call Spread

  • Underlying: RACE (Ferrari N.V.)

  • View: Cautiously bullish / rangebound with upward bias; momentum building but RSI overbought suggests limited near-term upside

  • Strategy Type: Debit spread (defined risk, defined reward)

  • Option Contract Portfolio:

    • Buy 1x $430 Call expiring 2026-08-28 @ $5.75 (mid)

    • Sell 1x $440 Call expiring 2026-08-28 @ $2.35 (mid)

  • Max Gain & Loss:

    • Max Gain: ($440 - $430 - $3.40) × 100 = $660 per spread

    • Max Loss: $340 per spread (net debit paid)

  • Initial Cost/Credit: $3.40 Debit (net cost)

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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