PAX Gold (PAXG): How Does it Rank Sunday on Long-Term Trading Metrics?

Sunday, July 24, 2022 02:24 PM | InvestorsObserver Analysts

InvestorsObserver gives PAX Gold a weak long-term technical score of 21 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. PAXG at this time has a superior long-term technical analysis score than 21% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving PAX Gold a 21 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

The current trading price of $1,726.740000000 for PAXG is -$112.9000000 (-6.14%) below the tokens 100-day moving average of $1,839.640000000. PAXG meanwhile is $44.6700000 (102.00%) above its 52-week low of $1,682.070000000 and -$1,400.38000000 (54.90%) under its 52-week high price of $3,127.120000000. PAX Gold's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 21. The price movement and range of PAXG suggest that investors are bearish on the token at this time. PAX Gold has a market capitalization of $576,144,967.54 and a relatively average average daily volume with $185,016,542.20 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 23,980,955.55 exchanged.

Summary

Technical analysis of PAX Gold over the past year results in the crypto receiving a a weak long-term technical score of 21 as its price movement in that time has given traders reason to be bearish on the token in the long-term. Click Here to get the full Report on PAX Gold (PAXG).