Eben@CANSLIM ResearchFerrari (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.
Technical Analysis
As of 2026-08-19 · Close $425.18
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 2.06%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 37.6%, length 44 weeks, pivot $498.34. Base formed from 2025-10-02 (left-side high) to 2026-08-19, with the low of $311.04 set on 2026-03-20
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