Is PAX Gold (PAXG) Heading the Right Direction Thursday?

PAX Gold receives a strong long-term technical score of 86 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. PAXG currently holds a superior long-term technical analysis score than 86% 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'.

InvestorsObserver is giving PAX Gold a 86 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on PAX Gold!

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Trading Analysis

PAX Gold's price is -$15.5200000 (-0.81%) below its 100-day moving average price of $1,911.250000000 as its price at the moment sits at $1,895.730000000. Additionally, PAXG is $192.2300000 (110.64%) higher than its 52-week low price of $1,703.490000000 while -$1,231.39000000 (60.30%) under its 52-week high of $3,127.120000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives PAXG a strong long-term technical score of 86. Long-term trading movement of PAX Gold suggest that investors are neutral on the token at the moment. PAX Gold has a market capitalization of $611,229,179.76 and a relatively average average daily volume with $205,393,071.87 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, PAXG's volume is below its seven day average with 21,663,804.08 exchanged.

Summary

Technical analysis of PAX Gold over the past year results in the crypto receiving a a strong long-term technical score of 86 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on PAX Gold (PAXG).