Smart MFG (MFG): Does it Score Well on Short-Term Trading Metrics Sunday?

Sunday, April 30, 2023 07:48 PM | InvestorsObserver Analysts

InvestorsObserver gives Smart MFG a weak short-term technical score of 5 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. MFG has currently traded better than 5% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Smart MFG a 5 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Smart MFG!

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Trading Analysis

MFG is currently $0.000001 (0.07%) above its 30-day low of $0.001672046 and -$0.001658 (-49.78%) below its 30-day high of $0.00333160. Additionally, MFG is under its average price of $0.002653438 over the past month of trading with its current price of $0.001673190. Overall, the recent trading history of Smart MFG suggest that traders are currently bearish on the token. Smart MFG's market cap of $623,011.73 is relatively low for a token. Smart MFG's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Meanwhile, MFG's average volume is low with $4,362.90 worth of the token traded over an average 24 hour period. MFG's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the last 24 hours, MFG's volume is below its usual with $677.94 exchanged. Smart MFG's subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.

Summary

MFG's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on Smart MFG (MFG).