Decred (DCR)

Current price: $ 15.44

24 hours price change: $ 0.62 (4.20%)

Daily analysis of Decred (DCR) - 1 month

The performance of Decred regarding the price differs every day. To make the best decision to buy Decred, we are analysis in this article the performance of Decred on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 19th, 2024 to June 19th, 2024.

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

Average daily change in price of Decred per weekday between 05/19/2024 and 06/19/2024.

According to the performance of Decred between May 19th, 2024 and June 19th, 2024, Decred performed the best on Mondays. On average, the price of Decred increased 1.86% on Monday.

The weekday on which the Decred performed the worst, is Thursday. On Thursdays, the Decred declined in value on average by -1.07%.

Decred weekday performance

On Sundays, the Decred decreases in value on average with -0.72%. On most of the Sundays the Decred decreases in value between -4.36% and 2.93%. The uncertainty (3.64%) is higher than the average decline percentage (-0.72%). Therefore, expected range of price changes of the Decred on Sundays is large.

On an average Monday the Decred shows an increase in value of 1.86%. However, the change of Decred on most of the Mondays is between -2.34% and 6.06%. Therefore it is hard to tell whether an average Monday is a good day to start buying Decreds.

It is hard to tell whether the Decred will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Decred is -0.10%. However, the standard deviation on this weekday is 1.56%. This means that on most Tuesdays, the change in value of the Decred is between -1.65% and 1.46%.

Allthough the Decred decreases in value with -0.48% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Decred on Wednesdays is 1.26%. This means that the expected change of the value of Decred is between -1.73% and 0.78% on 68 out of 100 Wednesdays.

The Decred declines in value on an average Thursday with -1.07%. However, the uncertainty (or standard deviation) is quite large, namely 1.86%. This means that it is not possible to say whether on a regular Thursday the Decred will increase or decrease in value.

Decred increased in value on an average Friday only slightly. The average increase in value of the Decred was 0.29%. Allthough the Decred closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.15%). This means that on 68 percent of the Fridays, the change in price of the Decred is expected to be in the range of -0.86% and 1.43%.

Historical performance on Saturday do not show an increase in value of the Decred on which a prediction can be made. The Decred increased in value on average on an average Saturday with 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Saturday is between -0.43% and 1.67% (see also the table below).

Decred weekday performance details

Find below the details of the performance of Decred 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 -0.72% 3.64% -4.36% to 2.93%
Monday 1.86% 4.20% -2.34% to 6.06%
Tuesday -0.10% 1.56% -1.65% to 1.46%
Wednesday -0.48% 1.26% -1.73% to 0.78%
Thursday -1.07% 1.86% -2.93% to 0.79%
Friday 0.29% 1.15% -0.86% to 1.43%
Saturday 0.62% 1.05% -0.43% to 1.67%
 

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