$3.80
+ $0.05 (1.45%)
End-of-day quote: 2022-10-17
CFD/USD

Is Confido on an upswing?

No, since April 6, 2022, Confido has been in a long-term downward trend and has decreased by 47.86 percent over that period. The 200-day line is currently -59.43 percent away from the current price. It is -66.23 percent away from the 100-day line and -68.77 percent away 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 Confido Forecast for 2023

Let's take a deeper look at the one-year forecast since it is the most precise of the analysts' forecasts.

Analysts had a wide range of forecasts for the Confido price over the next year. The most optimistic predicted a 12-month price target of $4.51, implying an 87 percent raise, while the worst-case scenario would be $3.44.

The most recent average price target for the next year is $3.91, and it's the most crucial.

That equates to a potential gain of 2.92 percent.

CFD - Relative Strength Forecast

Confido 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, Confido has been in a sell signal since 2022-09-29.

CFD - Trend Prediction

CFD - Price Volatility Prediction

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

CFD - Relative Strength

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

CFD - Momentum Forecast

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

What Does the Future Hold for Confido?

Confido's long-term prospects appear to be excellent. 1 analysts predicted that Confido would reach $4.14 by March 2025. The Confido price is expected to be $4.39 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $4.78.