$1.29
$-0.03 (-2.20%)
End-of-day quote: 2022-10-17
ERG/USD

Is Ergo on an upswing?

No, since September 18, 2022, Ergo has been in a long-term downward trend and has decreased by -59.69 percent over that period. The 200-day line is currently 147.98 percent away from the current price. It is 124.06 percent away from the 100-day line and 119.93 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 Ergo 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 Ergo price over the next year. The most optimistic predicted a 12-month price target of $1.49, implying an 87 percent raise, while the worst-case scenario would be $1.13.

The most recent average price target for the next year is $1.29, and it's the most crucial.

This means that Ergo has a potential -0.05% decrease in value for 2023.

ERG - Relative Strength Forecast

Ergo has broken the 25 strength line from below on 2022-08-13 and then changed into a strong trend, which thereby generated buy signals that lasted one month. Early Oct 2022 we see how the relative strength falls from above 25 to below 25. Thus, Ergo has been in a sell signal since 2022-10-06.

ERG - Trend Prediction

ERG - Price Volatility Prediction

From 09/17/2022 we see a strong Ergo above the moving average causing rising prices of Ergo. From early Oct 2022 we then see a strong Ergo, which then triggers a buy signal.

ERG - Relative Strength

From 09/14/2022 to 09/15/2022 Ergo was so overbought that this led to a reversal trend. Mid Oct 2022 we then see Ergo developing more and more weakness, which is a sell signal.

ERG - Momentum Forecast

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

What Does the Future Hold for Ergo?

Ergo's long-term prospects appear to be excellent. 10 analysts predicted that Ergo would reach $1.29 by March 2025. The Ergo price is expected to be $1.29 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $1.28.