Ferrari Unveils First Fully Electric VehicleThe four-door EV, priced at about $640,000, delivers more than 1,000 horsepower and over 500 kilometers of range.Ferrari emphasized preserving its traditional luxury identity through physical controls and premium materials, positioning the Luce differently from more screen-focused EV competitors.Q1 Results And 2026 GuidanceFerrari also continued returning capital to shareholders under its 3.5 billion-euro multi-year share buyback program. Between May 18 and May 20, the company repurchased 20,321 shares for about 5.66 million euros.The stock decline came during a mixed trading session for U.S. equities, with the Russell 2000 rising 1.71% while the Dow Jones Industrial Average fell 0.15%, indicating investors were focused on company-specific developments.RACE Technical Analysis: Trend And Key Moving AveragesFerrari’s stock price is currently at $329.41, which is 1.8% below its 20-day simple moving average (SMA) of $335.75 and 3% below its 50-day SMA of $339.72.The stock has declined 31.83% over the past 12 months, reflecting broader market challenges and company-specific issues.The moving averages present a bearish picture, with the 20-day SMA below the 50-day SMA, indicating a potential downtrend.Additionally, the death cross, which occurred in October 2025 when the 50-day SMA crossed below the 200-day SMA, further underscores the stock’s bearish sentiment.Ferrari Earnings Preview: Next Update And Analyst EstimatesFerrari will provide its next financial update on July 30, 2026 (estimated).