Decred (DCR)

Current price: $ 97.25

24 hours price change: $ -10.78 (-9.98%)

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 August 28th, 2021 to September 28th, 2021.

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 08/28/2021 and 09/28/2021.

According to the performance of Decred between August 28th, 2021 and September 28th, 2021, Decred performed the best on Tuesdays. On average, the price of Decred increased 0.96% on Tuesday.

The weekday on which the Decred performed the worst, is Monday. On Mondays, the Decred declined in value on average by -1.38%.

Decred weekday performance

It is hard to tell whether the Decred will increase or decrease in value on an average Sunday. The average change on a Sunday for the Decred is -0.04%. However, the standard deviation on this weekday is 0.08%. This means that on most Sundays, the change in value of the Decred is between -0.12% and 0.03%.

The Decred declines in value on an average Monday with -1.38%. However, the uncertainty (or standard deviation) is quite large, namely 2.71%. This means that it is not possible to say whether on a regular Monday the Decred will increase or decrease in value.

Historical performance on Tuesday 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 Tuesday with 0.96%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Tuesday is between -1.00% and 2.92% (see also the table below).

Decred increased in value on an average Wednesday only slightly. The average increase in value of the Decred was 0.14%. 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 (0.16%). This means that on 68 percent of the Wednesdays, the change in price of the Decred is expected to be in the range of -0.02% and 0.30%.

It is hard to tell whether the Decred will increase or decrease in value on an average Thursday. The average change on a Thursday for the Decred is -0.02%. However, the standard deviation on this weekday is 0.04%. This means that on most Thursdays, the change in value of the Decred is between -0.06% and 0.02%.

Decred increased in value on an average Friday only slightly. The average increase in value of the Decred was 0.00%. 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 (0.04%). This means that on 68 percent of the Fridays, the change in price of the Decred is expected to be in the range of -0.04% and 0.04%.

It is hard to tell whether the Decred will increase or decrease in value on an average Saturday. The average change on a Saturday for the Decred is -0.02%. However, the standard deviation on this weekday is 0.12%. This means that on most Saturdays, the change in value of the Decred is between -0.13% and 0.10%.

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 -0.04% 0.08% -0.12% to 0.03%
Monday -1.38% 2.71% -4.09% to 1.32%
Tuesday 0.96% 1.96% -1.00% to 2.92%
Wednesday 0.14% 0.16% -0.02% to 0.30%
Thursday -0.02% 0.04% -0.06% to 0.02%
Friday 0.00% 0.04% -0.04% to 0.04%
Saturday -0.02% 0.12% -0.13% to 0.10%
 

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