UniMex Network (UMX): Does it Score Poorly on Long-Term Trading Metrics Thursday?

Thursday, November 17, 2022 10:25 AM | InvestorsObserver Analysts

UniMex Network receives a strong long-term technical score of 86 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, UMX holds a superior long-term technical analysis score than 86% 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 UniMex Network a 86 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on UniMex Network!

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Trading Analysis

UniMex Network's price is -$0.0083756 (-20.00%) below its 100-day moving average price of $0.041884279 as its price at the moment sits at $0.033508678. Additionally, UMX is $0.0127555 (-52842.45%) higher than its 52-week low price of $0.020753183 while -$5.22725354 (-189.45%) under its 52-week high of $5.260762215. The current trading price in relation to its long-term average along with its 52-week high and low, gives UMX a strong long-term technical score of 86. Long-term trading movement of UniMex Network suggest that investors are neutral on the token at the moment. UniMex Network has a market capitalization of $322,231.84 and a relatively low average daily volume with $911.31 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, UMX's volume is below its seven day average with 126.73 exchanged.

Summary

Technical analysis of UniMex Network over the past year results in the crypto receiving a a strong long-term technical score of 86 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on UniMex Network (UMX).