Is Quantstamp (QSP) Heading the Right Direction Thursday?

Thursday, August 18, 2022 06:23 PM | InvestorsObserver Analysts

Quantstamp receives an average long-term technical score of 55 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token'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, QSP holds a superior long-term technical analysis score than 55% 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 tokens that have bottomed out.

InvestorsObserver is giving Quantstamp a 55 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Quantstamp!

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Trading Analysis

Quantstamp's price is -$0.0035125 (-13.35%) below its 100-day moving average price of $0.026315660 as its price at the moment sits at $0.022803176. Additionally, QSP is $0.0087471 (-78095.93%) higher than its 52-week low price of $0.014056043 while -$0.08843022 (-8969.61%) under its 52-week high of $0.111233398. The current trading price in relation to its long-term average along with its 52-week high and low, gives QSP an average long-term technical score of 55. Long-term trading movement of Quantstamp suggest that investors are neutral on the token at the moment. Quantstamp has a total market value of $16,276,951.08 with an average average daily volume of $36,217,341.81 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, QSP's volume is below its average with $5,396,437.63 exchanged in total. This token's subclass Smart Contracts: A computer program designed to automatically execute when predetermined conditions are satisfied. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.

Summary

QSP's historical trading over the past year gives it a an average long-term technical score of 55 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on Quantstamp (QSP).