Ferrari Surges Ahead of GM and Ford Amid Technical Analysis Suggesting Stronger Performance

Ferrari stock is rising due to technical analysis, potentially leaving other legacy auto makers behind. GM and Ford may be left in the dust as Ferrari's share price continues to climb. Honda is also up over 12% after a Japan trade deal was announced.

Ferrari's stock, symbolized by RACE, has been gaining momentum, with its Relative Strength (RS) Rating improving from 68 to 76 [1]. This increase, which measures share price performance with a score from 1 to 99, indicates a positive trend in the stock's performance. The RS Rating suggests that Ferrari's stock is outperforming its peers, which could be an indicator of future growth.

The market is also anticipating Ferrari's earnings growth, with analysts expecting a year-over-year increase in earnings on higher revenues for the quarter ended June 2025 [2]. This positive outlook is reflected in the company's Earnings ESP, which has been increasing, suggesting that analysts are becoming more bullish on Ferrari's earnings prospects. The Zacks Rank of #1 further supports this bullish sentiment, indicating a strong buy recommendation.

While the earnings report is expected to be released on July 31, investors should also consider the impact of technical analysis on Ferrari's stock price. The RS Rating is just one indicator, and other technical indicators, such as moving averages and relative strength index (RSI), can provide additional insights into the stock's momentum.

In contrast, other legacy automakers like GM and Ford may be left behind as Ferrari's share price continues to climb. These companies have been facing challenges in the electric vehicle (EV) market, where Ferrari is making significant strides with its high-performance EV models.

Honda, another automaker in the sector, saw its stock rise by over 12% after a Japan trade deal was announced, further highlighting the positive impact of international trade deals on the automotive industry [3]. This deal lowered tariffs on auto imports, easing sales in the U.S.

Investors should monitor Ferrari's earnings report closely, as well as other technical indicators, to make informed investment decisions. The company's strong earnings expectations and positive technical indicators suggest that Ferrari is well-positioned for continued growth.

References:
[1] https://www.investors.com/ibd-data-stories/stocks-with-rising-relative-strength-ferrari/
[2] https://www.nasdaq.com/articles/ferrari-race-reports-next-week-wall-street-expects-earnings-growth
[3] https://stocktwits.com/news-articles/markets/equity/honda-tesla-cenntro-dominate-retail-conversations-among-automotive-stocks/ch8yukIR5H4