InvestorsObserver
×
News Home

Enigma (ENG): Does it Score Well on Long-Term Trading Metrics Friday?

Friday, January 28, 2022 12:25 PM | InvestorsObserver Analysts
Enigma (ENG): Does it Score Well on Long-Term Trading Metrics Friday?

Enigma receives a weak long-term technical score of 10 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. ENG currently holds a superior long-term technical analysis score than 10% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 10
InvestorsObserver is giving Enigma a 10 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Enigma!

Trading Analysis

Enigma's price is -$0.0527888 (-64.85%) below its 100-day moving average price of $0.081403387 as its price at the moment sits at $0.028614618. Additionally, ENG is $0.0048616 (-46189.47%) higher than its 52-week low price of $0.023753002 while -$1.98575487 (-495.01%) under its 52-week high of $2.014369488. The current trading price in relation to its long-term average along with its 52-week high and low, gives ENG an average long-term technical score of 10. Long-term trading movement of Enigma suggest that investors are bearish on the token at the moment. Enigma currently has a total market cap of $397,508.48 to go along with its average daily volume of $1,241,828.96 worth of the currency over the past seven days. ENG's volume is below its seven day average as of the past 24 hours, with 175,148.12 exchanged in that period.

Summary

ENG's historical trading over the past year gives it a a weak long-term technical score of 10 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on Enigma (ENG).

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App