Chart Master: From bullish to bearish on Ferrari

Technical Analysis of Ferrari Stock - Ferrari's stock chart suggests a potential stall or skid after a significant run from approximately 150 to 500 [1] - The stock price bounced off an uptrend line, established since the 2022 low, for the fifth time, indicating a critical juncture [2] - Chart patterns indicate a topping formation, suggesting a potential reversal in the stock's upward trend [3] Relative Performance - Despite the stock's bounce following an earnings collapse in late July, Ferrari has been underperforming the Stocks Europe 600 index [3] - Analysts suggest fading the recent bounce, implying a bearish outlook on Ferrari's short-term performance [3]