Chainlink (LINK)

Current price: $ 14.28

24 hours price change: $ 0.55 (3.99%)

Daily analysis of Chainlink (LINK) - 6 months

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 6 months, starting on December 19th, 2023 to June 19th, 2024.

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 12/19/2023 and 06/19/2024.

According to the performance of Chainlink between December 19th, 2023 and June 19th, 2024, Chainlink performed the best on Mondays. On average, the price of Chainlink increased 0.92% on Monday.

The weekday on which the Chainlink performed the worst, is Tuesday. On Tuesdays, the Chainlink declined in value on average by -0.51%.

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 -0.18%. However, the standard deviation on this weekday is 1.10%. This means that on most Sundays, the change in value of the Chainlink is between -1.29% and 0.92%.

Historical performance on Monday 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 Monday with 0.92%. However, the uncertainty of this increase is high. The expected change in value of the Chainlink on a Monday is between -1.47% and 3.32% (see also the table below).

Allthough the Chainlink decreases in value with -0.51% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Chainlink on Tuesdays is 1.86%. This means that the expected change of the value of Chainlink is between -2.38% and 1.35% on 68 out of 100 Tuesdays.

On an average Wednesday, the Chainlink increased 0.34%. However, since the expected deviation is 2.34%, the Chainlink will decline in value on a Wednesday quiet regularly. The expected price change of the Chainlink on a Wednesday is between -2.00% and 2.67%.

Allthough the Chainlink decreases in value with -0.30% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Chainlink on Thursdays is 1.10%. This means that the expected change of the value of Chainlink is between -1.40% and 0.79% on 68 out of 100 Thursdays.

Chainlink increased in value on an average Friday only slightly. The average increase in value of the Chainlink was 0.21%. 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 (1.37%). This means that on 68 percent of the Fridays, the change in price of the Chainlink is expected to be in the range of -1.17% and 1.58%.

It is hard to tell whether the Chainlink will increase or decrease in value on an average Saturday. The average change on a Saturday for the Chainlink is -0.27%. However, the standard deviation on this weekday is 0.88%. This means that on most Saturdays, the change in value of the Chainlink is between -1.15% and 0.61%.

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 -0.18% 1.10% -1.29% to 0.92%
Monday 0.92% 2.39% -1.47% to 3.32%
Tuesday -0.51% 1.86% -2.38% to 1.35%
Wednesday 0.34% 2.34% -2.00% to 2.67%
Thursday -0.30% 1.10% -1.40% to 0.79%
Friday 0.21% 1.37% -1.17% to 1.58%
Saturday -0.27% 0.88% -1.15% to 0.61%
 

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