Chainlink (LINK)

Current price: $ 34.98

24 hours price change: $ -5.84 (-14.31%)

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 October 20th, 2020 to April 20th, 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 10/20/2020 and 04/20/2021.

According to the performance of Chainlink between October 20th, 2020 and April 20th, 2021, Chainlink performed the best on Fridays. On average, the price of Chainlink increased 1.41% on Friday.

The weekday on which the Chainlink performed the worst, is Wednesday. On Wednesdays, the Chainlink declined in value on average by -0.83%.

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 -0.21%. However, the standard deviation on this weekday is 2.31%. This means that on most Sundays, the change in value of the Chainlink is between -2.52% and 2.10%.

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 -0.02%. However, the standard deviation on this weekday is 2.39%. This means that on most Mondays, the change in value of the Chainlink is between -2.41% and 2.37%.

Allthough the Chainlink decreases in value with -0.49% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Chainlink on Tuesdays is 2.75%. This means that the expected change of the value of Chainlink is between -3.25% and 2.26% on 68 out of 100 Tuesdays.

On Wednesdays, the Chainlink decreases in value on average with -0.83%. On most of the Wednesdays the Chainlink decreases in value between -5.18% and 3.51%. The uncertainty (4.35%) is higher than the average decline percentage (-0.83%). Therefore, expected range of price changes of the Chainlink on Wednesdays is large.

Historical performance on Thursday 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 Thursday with 0.81%. However, the uncertainty of this increase is high. The expected change in value of the Chainlink on a Thursday is between -2.84% and 4.46% (see also the table below).

On an average Friday the Chainlink shows an increase in value of 1.41%. However, the change of Chainlink on most of the Fridays is between -2.18% and 4.99%. Therefore it is hard to tell whether an average Friday is a good day to start buying Chainlinks.

On an average Saturday, the Chainlink increased 0.41%. However, since the expected deviation is 2.89%, the Chainlink will decline in value on a Saturday quiet regularly. The expected price change of the Chainlink on a Saturday is between -2.48% and 3.30%.

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 -0.21% 2.31% -2.52% to 2.10%
Monday -0.02% 2.39% -2.41% to 2.37%
Tuesday -0.49% 2.75% -3.25% to 2.26%
Wednesday -0.83% 4.35% -5.18% to 3.51%
Thursday 0.81% 3.65% -2.84% to 4.46%
Friday 1.41% 3.59% -2.18% to 4.99%
Saturday 0.41% 2.89% -2.48% to 3.30%
 

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