Should You Sell Quantstamp (QSP) Saturday?

Saturday, August 13, 2022 01:01 PM | InvestorsObserver Analysts

InvestorsObserver gives Quantstamp a weak long-term technical score of 29 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. QSP at this time has a superior long-term technical analysis score than 29% 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 Quantstamp a 29 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 -$0.0087488 (-30.99%) below its 100-day moving average price of $0.028227541 as its price at the moment sits at $0.019478734. Additionally, QSP is $0.0041307 (-71543.52%) higher than its 52-week low price of $0.015348031 while -$0.09175466 (-8972.59%) 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 29. Long-term trading movement of Quantstamp suggest that investors are bearish on the token at the moment. Quantstamp has a total market value of $13,903,958.41 with an average average daily volume of $8,615,530.39 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 $1,164,353.30 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

Technical analysis of Quantstamp over the past year results in the crypto receiving a a weak long-term technical score of 29 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 Quantstamp (QSP).