Ferrari shares are now at short-, medium- and long-term highs as the price crossed the 200-day and 20-day moving averages yesterday. However, the open high in the all-time horizon is still not fully confirmed, as the price is only 0.20 percent above the 20-day moving average at 198.10, which was also crossed just yesterday.
As long as no GD is crossed below, the next price target is the 6-month high of 212.40 marked on 08/04/2022, which means there is an initial possibility of 7.00 percent.
Ferrari in a peer group comparison
The strongest stock in the peer group comparison is currently Renault stock with a GD-200 difference of 11.67%.