Chainlink (LINK)

Current price: $ 2.04

24 hours price change: $ -0.03 (-1.40%)

Daily analysis of Chainlink (LINK) - 1 month

The performance of Chainlink regarding the price differs every day. To make the best decision to buy Chainlink, we are analysis in this article the performance of Chainlink on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on November 9th, 2019 to December 8th, 2019.

In the barchart below, the weekdays and average performance of Chainlink are shown side by side.

Average daily change in price of Chainlink per weekday between 11/09/2019 and 12/08/2019.

According to the performance of Chainlink between November 9th, 2019 and December 8th, 2019, Chainlink performed the best on Thursdays. On average, the price of Chainlink increased 0.90% on Thursday.

The weekday on which the Chainlink performed the worst, is Saturday. On Saturdays, the Chainlink declined in value on average by -1.14%.

Chainlink weekday performance

It is hard to tell whether the Chainlink will increase or decrease in value on an average Sunday. The average change on a Sunday for the Chainlink is -0.20%. However, the standard deviation on this weekday is 0.32%. This means that on most Sundays, the change in value of the Chainlink is between -0.53% and 0.12%.

It is hard to tell whether the Chainlink will increase or decrease in value on an average Monday. The average change on a Monday for the Chainlink is -0.29%. However, the standard deviation on this weekday is 1.12%. This means that on most Mondays, the change in value of the Chainlink is between -1.41% and 0.83%.

On Tuesdays, the Chainlink decreases in value on average with -0.91%. On most of the Tuesdays the Chainlink decreases in value between -1.99% and 0.16%. The uncertainty (1.08%) is higher than the average decline percentage (-0.91%). Therefore, expected range of price changes of the Chainlink on Tuesdays is large.

It is hard to tell whether the Chainlink will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Chainlink is -0.13%. However, the standard deviation on this weekday is 0.37%. This means that on most Wednesdays, the change in value of the Chainlink is between -0.50% and 0.25%.

The expected range of change of the Chainlink for an average Thursday is between 0.19% and 1.61%. This is the result of an average increase in value of 0.90% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

On Fridays, the Chainlink decreases in value on average with -0.98%. On most of the Fridays the Chainlink decreases in value between -1.97% and 0.02%. The uncertainty (1.00%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the Chainlink on Fridays is large.

The Chainlink declines in value on an average Saturday with -1.14%. However, the uncertainty (or standard deviation) is quite large, namely 0.62%. This means that it is not possible to say whether on a regular Saturday the Chainlink will increase or decrease in value.

Chainlink weekday performance details

Find below the details of the performance of Chainlink per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -0.20% 0.32% -0.53% to 0.12%
Monday -0.29% 1.12% -1.41% to 0.83%
Tuesday -0.91% 1.08% -1.99% to 0.16%
Wednesday -0.13% 0.37% -0.50% to 0.25%
Thursday 0.90% 0.71% 0.19% to 1.61%
Friday -0.98% 1.00% -1.97% to 0.02%
Saturday -1.14% 0.62% -1.76% to -0.52%