$0.19
$0.00 (-0.36%)
End-of-day quote: 2022-10-26
PKF/USD

Is Red Kite on an upswing?

No, since December 30, 2021, Red Kite has been in a long-term downward trend and has decreased by -84.43 percent over that period. The 200-day line is currently 34.55 percent away from the current price. It is -21.46 percent away from the 100-day line and -34.43 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 Red Kite 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 Red Kite price over the next year. The most optimistic predicted a 12-month price target of $0.22, implying an 87 percent raise, while the worst-case scenario would be $0.17.

The most recent average price target for the next year is $0.19, and it's the most crucial.

That equates to a potential gain of 0.27 percent.

PKF - Relative Strength Forecast

Red Kite broke through the 25 strength line from above on and then changed into a trend, which thereby generated sell signals that lasted one month.

PKF - Trend Prediction

PKF - Price Volatility Prediction

PKF - Relative Strength

PKF - Momentum Forecast

In we then see weak volatility for Red Kite for a longer period of time which led to negative signals for Red Kite.

What Does the Future Hold for Red Kite?

Red Kite's long-term prospects appear to be excellent. 6 analysts predicted that Red Kite would reach $0.19 by March 2025. The Red Kite price is expected to be $0.19 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $0.19.