Enigma (ENG): How Does it Rank Tuesday on Long-Term Trading Metrics?

Tuesday, November 08, 2022 05:09 PM | InvestorsObserver Analysts

InvestorsObserver gives Enigma an average long-term technical score of 40 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. ENG at this time has a superior long-term technical analysis score than 40% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Enigma a 40 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Enigma!

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Trading Analysis

Enigma's price is -$0.0050366 (-44.93%) below its 100-day moving average price of $0.011209644 as its price at the moment sits at $0.006173075. Additionally, ENG is $0.0012135 (-221670.03%) higher than its 52-week low price of $0.004959546 while -$0.13660774 (-6999.42%) under its 52-week high of $0.142780811. 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 40. Long-term trading movement of Enigma suggest that investors are bearish on the token at the moment. Enigma has a total market value of $85,755.11 with an low average daily volume of $689,076.61 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ENG's volume is below its average with $94,512.33 exchanged in total.

Summary

Trading patterns over the last year for Enigma leads to the token's an average long-term technical score of 40 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on Enigma (ENG).