GoByte (GBX): Does it Score Poorly on Long-Term Trading Metrics Thursday?

Thursday, August 04, 2022 10:03 AM | InvestorsObserver Analysts

GoByte receives an average long-term technical score of 66 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, GBX holds a superior long-term technical analysis score than 66% 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 GoByte a 66 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on GoByte!

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Trading Analysis

GoByte's price is -$0.0006340 (-4.18%) below its 100-day moving average price of $0.015170747 as its price at the moment sits at $0.014536764. Additionally, GBX is $0.0096387 (-224281.41%) higher than its 52-week low price of $0.004898071 while -$0.12909995 (-6951.89%) under its 52-week high of $0.143636718. The current trading price in relation to its long-term average along with its 52-week high and low, gives GBX an average long-term technical score of 66. Long-term trading movement of GoByte suggest that investors are neutral on the coin at the moment. GoByte has a market capitalization of $139,186.29 and a relatively low average daily volume with $3,351.30 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, GBX's volume is below its seven day average with 467.66 exchanged.

Summary

Trading patterns over the last year for GoByte leads to the coin's an average long-term technical score of 66 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on GoByte (GBX).