Ferrari's 15min Chart Signals Bearish Trend with Bollinger Bands Expansion

Ferrari's 15-minute chart has recently triggered Bollinger Bands expanding downward, accompanied by a bearish Marubozu candlestick pattern at 07/17/2025 13:00. This indicates that the market trend is currently being driven by sellers, who are exerting control over the market, and suggests that bearish momentum is likely to persist in the near term.

Ferrari N.V. (NYSE: RACE) experienced a significant shift in its stock performance on July 17, 2025, at 13:00, as indicated by its 15-minute chart. The chart displayed an expansion of Bollinger Bands downward, accompanied by a bearish Marubozu candlestick pattern. This combination suggests that the market trend is being driven by sellers, who are exerting control over the market, and indicates that bearish momentum is likely to persist in the near term.

The Bollinger Bands, which are volatility indicators, expanded downward, suggesting that the stock's price is moving lower. The Marubozu candlestick pattern, characterized by a long body with no wicks, indicates strong selling pressure, as buyers were unable to push the price back up. This pattern, combined with the downward expansion of the Bollinger Bands, signals a potential continuation of the downtrend.

Institutional investors also showed changes in their holdings of Ferrari stock during the first quarter. Dakota Wealth Management decreased its holdings by 93.3%, selling 36,430 shares [1]. Meanwhile, several other institutional investors, including Park Square Financial Group LLC, Alpine Bank Wealth Management, Webster Bank N.A., Cornerstone Planning Group LLC, and Thurston Springer Miller Herd & Titak Inc., increased their stakes in Ferrari [1].

Analyst ratings for Ferrari have been mixed. While some analysts, such as Barclays and UBS Group, upgraded Ferrari's rating and target price, others, like JPMorgan Chase & Co. and Wall Street Zen, made downgrades [1]. Despite these mixed signals, the consensus rating for Ferrari remains "Moderate Buy" with a target price of $526.25 [1].

Ferrari's latest earnings report, released on May 6, 2025, showed strong financial performance. The company reported earnings per share (EPS) of $2.42, beating the consensus estimate of $2.36, and revenue of $1.94 billion, which was 13.0% higher than the previous year [1]. However, the bearish trend on the stock's chart suggests that investors should remain cautious.

In conclusion, Ferrari's stock faced bearish momentum following the downward expansion of Bollinger Bands and the appearance of a Marubozu candlestick pattern. While the company's earnings report showed strong performance, the technical indicators suggest that the stock may continue to face selling pressure in the near term.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-dakota-wealth-management-cuts-stock-holdings-in-ferrari-nv-nyserace-2025-07-17/