Is RACE stock going up tomorrow

**Ferrari (RACE) stock is not expected to go up tomorrow based on the available technical indicators and recent news.** Here's the analysis:

1. **Technical Indicators Show Downtrend Signs**:
- The 5-day moving average is $448.72, and the 10-day moving average is $463.91, both below the 50-day moving average of $469.7. This suggests a short-term downward trend.
- The MACD is at -7.62, and the RSI is at 36.97, both of which are below their respective neutral levels, indicating a bearish momentum.
- The KDJ indicator is at 26.01, which is relatively low and could suggest a lack of buying momentum.
- The Bollinger Bands are at $473.8, which is above the current trading price, indicating that the stock is trading in the lower part of its recent range and may have room to move down.

2. **Recent Price and Volume Activity**:
- Ferrari's stock has experienced a decline, with a 7.36% drop on Tuesday, which could indicate a shift in investor sentiment.
- The stock traded below its 50-day moving average, which could be a sign of a prolonged downward trend.
- There was a net fund outflow of $4.9 million, which could suggest that investors are currently selling the stock.

3. **Market Sentiment and Upcoming Events**:
- Despite a strong product mix and increased personalizations, Ferrari's third-quarter revenue fell short of estimates, and deliveries dropped compared to the previous year. This could lead to a negative sentiment among investors.
- The company's expectations for strengthening sales in Q4 may not be reflected in the immediate term, as the market has already priced in the third-quarter results.
- Jim Cramer's assessment of Ferrari stock as potentially forming a dangerous pattern ahead of earnings could influence investor decisions, possibly leading to caution rather than optimism.

In conclusion, the technical indicators and recent news suggest that Ferrari's stock is not likely to go up tomorrow. Investors should exercise caution and consider these factors along with any upcoming earnings reports or industry developments that could impact the stock's price.