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

Tuesday, August 09, 2022 05:07 PM | InvestorsObserver Analysts

Jetcoin receives a weak long-term technical score of 12 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 12% 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 12 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

JET is currently -$0.0045677 (-46.16%) below its 100-day moving average price of $0.009894873 with its current price of $0.005327217. Meanwhile, Jetcoin is $0.0010883 (-259372.40%) above its 52-week low price of $0.004238952 and -$0.06135507 (-14988.50%) below its 52-week high of $0.066682287. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 12. Trends for the long-term trading history of Jetcoin suggest that traders are currently bearish on the token. Jetcoin has a market capitalization of $68,018.05 and a relatively low average daily volume with $247,276.35 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, JET's volume is below its seven day average with 38,941.86 exchanged.

Summary

JET's historical trading over the past year gives it a a weak long-term technical score of 12 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).