RACE Stage 2 Uptrend Intact, Deep Base Pattern Signals Caution

Posted on by Eben@CANSLIM Research
RACE daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

Ferrari (RACE) is holding above its rising 30-week moving average, confirming a Stage 2 advancing trend with price 36.7% above its 52-week low and near its high. However, the current 44-week base is a deep 37.6% correction, which historically carries an elevated failure rate, and no VCP contraction or breakout has yet been confirmed. Overall sentiment is constructive but cautious, as the market awaits a decisive move above the 498.34 pivot.

As of 2026-08-19 · Close $425.18

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 2.06%)

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