What do the Long-Term Technicals Predict for Rai Reflex Index (RAI) Sunday?

Sunday, February 05, 2023 04:06 PM | InvestorsObserver Analysts

Rai Reflex Index receives an average long-term technical score of 38 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, RAI holds a superior long-term technical analysis score than 38% 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 Rai Reflex Index a 38 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Rai Reflex Index!

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Trading Analysis

The current trading price of $2.770000000 for RAI is -$0.0400000 (-1.59%) below the tokens 100-day moving average of $2.810000000. RAI meanwhile is $0.0300000 (-300.11%) above its 52-week low of $2.740000000 and -$0.41000000 (-227.63%) under its 52-week high price of $3.180000000. Rai Reflex Index's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 38. The price movement and range of RAI suggest that investors are bearish on the token at this time. Rai Reflex Index currently has a total market cap of $7,785,423.89 to go along with its average daily volume of $1,809,407.60 worth of the currency over the past seven days. RAI's volume is below its seven day average as of the past 24 hours, with 240,690.07 exchanged in that period. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

RAI's historical trading over the past year gives it a an average long-term technical score of 38 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on Rai Reflex Index (RAI).