Jetcoin (JET): Does it Score Poorly on Long-Term Trading Metrics Monday?

Monday, October 24, 2022 07:45 AM | InvestorsObserver Analysts

Jetcoin receives a weak long-term technical score of 23 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, JET holds a superior long-term technical analysis score than 23% 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 Jetcoin a 23 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Jetcoin!

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Trading Analysis

Jetcoin's price is -$0.0032052 (-47.37%) below its 100-day moving average price of $0.006766350 as its price at the moment sits at $0.003561139. Additionally, JET is $0.0029077 (-1682733.39%) higher than its 52-week low price of $0.000653487 while -$0.06176429 (-15302.52%) under its 52-week high of $0.065325424. The current trading price in relation to its long-term average along with its 52-week high and low, gives JET an average long-term technical score of 23. Long-term trading movement of Jetcoin suggest that investors are bearish on the token at the moment. Jetcoin has a total market value of $45,468.71 with an low average daily volume of $244,853.94 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, JET's volume is below its average with $36,330.27 exchanged in total.

Summary

JET's historical trading over the past year gives it a a weak long-term technical score of 23 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 Jetcoin (JET).