+ $9.44 (0.82%)
End-of-day quote: 2022-10-17

Is Spartan on an uptrend?

No, since April 6, 2022, Spartan has been in a long-term downward trend and has decreased by -39.07 percent over that period. The 200-day line is currently -1.54 percent away from the current price. It is -18.04 percent away from the 100-day line and -24.19 percent from the 50-day line.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

The Spartan price prediction for 2023

Let's look at the one-year forecast more closely since it is the most accurate of the analysts' forecasts.

Analysts had various forecasts for the Spartan price over the next year. While the most optimistic forecast predicted a 12-month price target of $1357.01, the most pessimistic forecast would be $1030.16.

The most recent average price target for the next year is $1173.74, which is the most important figure.

This suggests a potential gain of 0.55 percent.

Spartan has broken the 25 strength line from below on 2022-08-30 and then changed into a strong trend, which thereby generated buy signals that lasted one month. Late Sep 2022 we see how the relative strength falls from above 25 to below 25. Thus, Spartan has been in a sell signal since 2022-09-29.

From 09/13/2022 we see a strong Spartan above the moving average causing rising prices of Spartan. From early Oct 2022 we then see a strong Spartan, which then triggers a buy signal.

From 09/12/2022 to 09/13/2022 Spartan was so overbought that this led to a reversal trend. Mid Sep 2022 we then see Spartan developing more and more weakness, which is a sell signal.

Mid Oct 2022 Spartan left the oversold zone to the upside, which led to a short-term positive change in trend. In October we then see weak volatility for Spartan for a longer period of time which led to negative signals for Spartan.

Spartan projections through 2025-2030

Spartan's long-term prospects appear to be good. According to eleven analysts, Spartan is expected to reach $1186.69 by March 2025. The five-year forecast projects that the Spartan price will be $1199.78 by March 2027. The long-term prediction for 2030 is $1219.68.