Chainlink (LINK)

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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 May 28th, 2022 to June 28th, 2022.

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 05/28/2022 and 06/28/2022.

According to the performance of Chainlink between May 28th, 2022 and June 28th, 2022, Chainlink performed the best on Sundays. On average, the price of Chainlink increased 0.13% on Sunday.

The weekday on which the Chainlink performed the worst, is Tuesday. On Tuesdays, the Chainlink declined in value on average by -0.10%.

Chainlink weekday performance

The Chainlink will almost not change or only slightly increase in value on an average Sunday. The average change of the Chainlink on Sundays is 0.13%. The standard deviation of the Chainlink is 0.10%, which means that in 68% of the Sundays, the range of the change of the Chainlink is 0.04% and 0.23%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

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 -0.03%. However, the standard deviation on this weekday is 0.12%. This means that on most Mondays, the change in value of the Chainlink is between -0.15% and 0.09%.

It is hard to tell whether the Chainlink will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Chainlink is -0.10%. However, the standard deviation on this weekday is 0.20%. This means that on most Tuesdays, the change in value of the Chainlink is between -0.30% and 0.09%.

Chainlink increased in value on an average Wednesday only slightly. The average increase in value of the Chainlink was 0.07%. Allthough the Chainlink closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.09%). This means that on 68 percent of the Wednesdays, the change in price of the Chainlink is expected to be in the range of -0.02% and 0.16%.

Chainlink increased in value on an average Thursday only slightly. The average increase in value of the Chainlink was 0.04%. Allthough the Chainlink closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.12%). This means that on 68 percent of the Thursdays, the change in price of the Chainlink is expected to be in the range of -0.07% and 0.16%.

It is hard to tell whether the Chainlink will increase or decrease in value on an average Friday. The average change on a Friday for the Chainlink is -0.07%. However, the standard deviation on this weekday is 0.08%. This means that on most Fridays, the change in value of the Chainlink is between -0.15% and 0.01%.

Chainlink increased in value on an average Saturday only slightly. The average increase in value of the Chainlink was 0.13%. Allthough the Chainlink closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.17%). This means that on 68 percent of the Saturdays, the change in price of the Chainlink is expected to be in the range of -0.04% and 0.30%.

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 0.13% 0.10% 0.04% to 0.23%
Monday -0.03% 0.12% -0.15% to 0.09%
Tuesday -0.10% 0.20% -0.30% to 0.09%
Wednesday 0.07% 0.09% -0.02% to 0.16%
Thursday 0.04% 0.12% -0.07% to 0.16%
Friday -0.07% 0.08% -0.15% to 0.01%
Saturday 0.13% 0.17% -0.04% to 0.30%
 

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