Can the SF90 Replacement Rev Ferrari Stock?

Stock Performance & Technical Analysis - Ferrari's stock is rangebound between $400 and $500, a 25% range [3] - The stock price faces resistance around $500 [1][4] - A previous earnings report resulted in a gap down, which has since been filled, but the stock is now turning down, indicating a cautionary signal [2] - The 200-day moving average is horizontally sloped, confirming the rangebound nature [3] - The author anticipates a potential dip to $430 or even back down to $400 due to the rangebound nature and failed bounce after earnings [7] Product & Market Dynamics - The successor to the SF90, Ferrari's first hybrid powertrain car, is being announced [4] - Residual values of SF90 are dropping, potentially due to increased market supply [4][5] - The upcoming F80 hypercar is expected to provide high margins and optimism [5][6] - There are concerns about filling the order book for the SF90 successor, given the increasing number of cars on the market and potentially fewer buyers [4][5] Investment Outlook - The analyst suggests waiting for the stock to reach $400 before adding more shares for long-term holders [9] - The analyst expresses a lack of bullish sentiment due to potential global headwinds [10] - Much of the excitement has already been priced into the stock, which has been in a broad consolidation range for almost two years [8]