RACE Technical Signal Analysis
RACE have 5 buy signals and 4 sell signals now. The current trend is consolidation starting from 2025-03-10. The total price change during this trend is +3.04%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of RACE over last 5 trading day is $216,096,628.08
5 Bullish Signal
4 Bearish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
12.45
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
9.89
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
Moving Average
Price crosses above 60-day SMA
--
Bullish
Moving Average
Price crosses above 200-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-17.33
Bearish
Momentum (10 days)
MOM_10 < 0
-29.65
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-3.96
Bearish
Moving Average
5-day SMA crosses below 200-day SMA
--
Bearish
5 Bullish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
12.45
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
9.89
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
Moving Average
Price crosses above 60-day SMA
--
Bullish
Moving Average
Price crosses above 200-day SMA
--
Bullish
RACE Support and Resistance Level
The support levels for RACE are at 438, 427.92, and 411.61, while the resistance levels are at 470.63, 480.71, and 497.03. With the current stock price at 442.79, it is leaning more toward the support levels.
RACE Technical Analysis
Technical Analysis of RACE Stock
Current Price and Trend
As of the latest data, RACE is trading at $448.35. The stock has been experiencing a bearish trend, with the price declining below its 50-day and 200-day moving averages.
Key Technical Indicators
- RSI (14-period): 41.31, indicating the stock is in a bearish zone but approaching oversold levels.
- Stochastic Oscillator: Oversold at 8.28 (K) and 9.75 (D).
- MACD: The MACD line (-6.65) is below the signal line (6.88), signaling bearish momentum.
- Bollinger Bands: The stock is near the lower band, suggesting potential oversold conditions.
Support and Resistance Levels
- Fibonacci Support Levels: $448.68 and $433.18.
- Fibonacci Resistance Levels: $498.89 and $514.39.
Volume Analysis
The recent volume of 443,520 shares is lower than the 50-day average, indicating reduced buying interest.
Conclusion
Based on the technical analysis, RACE is currently in a bearish trend with oversold conditions. However, the stock is approaching a strong support level at $448.68.
Recommendation: Sell RACE at the current price of $448.35, as the bearish momentum is likely to continue despite being near support.
RACE FAQs
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Which bearish technical signals does RACE have?
How reliable is technical analysis?
How can I use moving averages to set entry and exit points for RACE stock?
Is RACE a buy based on overall technical signals summary?
RACE Buy or Sell
RACE has 5 buy signals and 4 sell signals now. Overall the technical rating for RACE is Neutral.
Neutral
Sell
4
Buy
5
RACE Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 442.79 below the SMA_5. In the short term, the stock shows a negative trend with the 444.99 below the SMA_20. In the mid term, the stock shows a positive trend with the 475.53 above the SMA_60. In the long term, the stock shows a positive trend with the 448.62 above the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about RACE's current trend?What are RACE's key support and resistance levels?