TE-FOOD (TONE): How Does it Rank Wednesday on Long-Term Trading Metrics?

Wednesday, December 22, 2021 04:38 PM | InvestorsObserver Analysts

TE-FOOD receives an average long-term technical score of 48 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, TONE holds a superior long-term technical analysis score than 48% 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 TE-FOOD a 48 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on TE-FOOD!

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Trading Analysis

TONE is currently -$0.0137424 (-31.79%) below its 100-day moving average price of $0.043230410 with its current price of $0.029488027. Meanwhile, TE-FOOD is $0.0231214 (-172313.24%) above its 52-week low price of $0.006366610 and -$0.08948458 (-8380.51%) below its 52-week high of $0.118972607. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 48. Trends for the long-term trading history of TE-FOOD suggest that traders are currently bearish on the token. TE-FOOD has a market capitalization of $16,770,539.43 and a relatively average average daily volume with $12,396,937.54 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, TONE's volume is below its seven day average with 1,406,888.52 exchanged.

Summary

Trading patterns over the last year for TE-FOOD leads to the token's an average long-term technical score of 48 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on TE-FOOD (TONE).