Waves (WAVES): Does it Score Poorly on Long-Term Trading Metrics Wednesday?

Wednesday, July 13, 2022 09:32 AM | InvestorsObserver Analysts

InvestorsObserver gives Waves a strong long-term technical score of 70 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin'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. WAVES at this time has a superior long-term technical analysis score than 70% 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 coins that have bottomed out.

InvestorsObserver is giving Waves a 70 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Waves!

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Trading Analysis

Waves's price is -$6.8400000 (-60.49%) below its 100-day moving average price of $11.310000000 as its price at the moment sits at $4.470000000. Additionally, WAVES is $0.3100000 (-157.07%) higher than its 52-week low price of $4.160000000 while -$57.89000000 (-8.87%) under its 52-week high of $62.360000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives WAVES a strong long-term technical score of 70. Long-term trading movement of Waves suggest that investors are neutral on the coin at the moment. Waves has a market capitalization of $486,016,045.88 and a relatively average average daily volume with $1,322,522,577.81 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, WAVES's volume is below its seven day average with 183,557,149.93 exchanged.

Summary

WAVES's historical trading over the past year gives it a a strong long-term technical score of 70 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Waves (WAVES).