Bata (BTA): Does it Score Poorly on Long-Term Trading Metrics Friday?

Friday, January 14, 2022 08:13 PM | InvestorsObserver Analysts

Bata receives a weak long-term technical score of 1 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, BTA holds a superior long-term technical analysis score than 1% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Bata a 1 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bata!

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Trading Analysis

The current trading price of $0.025844208 for BTA is -$0.0811283 (-75.84%) below the coins 100-day moving average of $0.106972493. BTA meanwhile is $0.0224246 (-320923.04%) above its 52-week low of $0.003419560 and -$0.67124236 (-1430.83%) under its 52-week high price of $0.697086573. Bata's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 1. The price movement and range of BTA suggest that investors are bearish on the coin at this time. Bata has a market capitalization of $130,580.47 and a relatively low average daily volume with $219.12 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BTA's volume is below its seven day average with 30.81 exchanged.

Summary

Technical analysis of Bata over the past year results in the crypto receiving a a weak long-term technical score of 1 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Bata (BTA).