Chainlink (LINK)

Current price: $ 47.77

24 hours price change: $ -1.51 (-3.06%)

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 April 9th, 2021 to May 9th, 2021.

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 04/09/2021 and 05/09/2021.

According to the performance of Chainlink between April 9th, 2021 and May 9th, 2021, Chainlink performed the best on Mondays. On average, the price of Chainlink increased 2.91% on Monday.

The weekday on which the Chainlink performed the worst, is Thursday. On Thursdays, the Chainlink declined in value on average by -0.85%.

Chainlink weekday performance

Chainlink increased in value on an average Sunday only slightly. The average increase in value of the Chainlink was 0.05%. 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 Sundays, the change in price of the Chainlink is expected to be in the range of -0.07% and 0.18%.

On an average Monday the Chainlink shows an increase in value of 2.91%. However, the change of Chainlink on most of the Mondays is between -1.68% and 7.50%. Therefore it is hard to tell whether an average Monday is a good day to start buying Chainlinks.

On an average Tuesday the Chainlink shows an increase in value of 1.56%. However, the change of Chainlink on most of the Tuesdays is between -0.32% and 3.44%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Chainlinks.

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 -0.15%. However, the standard deviation on this weekday is 0.83%. This means that on most Wednesdays, the change in value of the Chainlink is between -0.98% and 0.68%.

On Thursdays, the Chainlink decreases in value on average with -0.85%. On most of the Thursdays the Chainlink decreases in value between -3.17% and 1.48%. The uncertainty (2.32%) is higher than the average decline percentage (-0.85%). Therefore, expected range of price changes of the Chainlink on Thursdays is large.

Historical performance on Friday do not show an increase in value of the Chainlink on which a prediction can be made. The Chainlink increased in value on average on an average Friday with 0.91%. However, the uncertainty of this increase is high. The expected change in value of the Chainlink on a Friday is between -0.98% and 2.81% (see also the table below).

Chainlink increased in value on an average Saturday only slightly. The average increase in value of the Chainlink was 0.12%. 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 (0.18%). This means that on 68 percent of the Saturdays, the change in price of the Chainlink is expected to be in the range of -0.06% and 0.29%.

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 0.05% 0.12% -0.07% to 0.18%
Monday 2.91% 4.59% -1.68% to 7.50%
Tuesday 1.56% 1.88% -0.32% to 3.44%
Wednesday -0.15% 0.83% -0.98% to 0.68%
Thursday -0.85% 2.32% -3.17% to 1.48%
Friday 0.91% 1.89% -0.98% to 2.81%
Saturday 0.12% 0.18% -0.06% to 0.29%
 

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