Decred (DCR)

Current price: $ 20.01

24 hours price change: $ 0.60 (3.08%)

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 November 6th, 2019 to December 5th, 2019.

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 11/06/2019 and 12/05/2019.

According to the performance of Decred between November 6th, 2019 and December 5th, 2019, Decred performed the best on Wednesdays. On average, the price of Decred increased 4.18% on Wednesday.

The weekday on which the Decred performed the worst, is Saturday. On Saturdays, the Decred declined in value on average by -2.36%.

Decred weekday performance

On an average Sunday the Decred shows an increase in value of 2.36%. However, the change of Decred on most of the Sundays is between -0.74% and 5.47%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Decreds.

On an average Monday the Decred shows an increase in value of 1.09%. However, the change of Decred on most of the Mondays is between -2.27% and 4.44%. Therefore it is hard to tell whether an average Monday is a good day to start buying Decreds.

Decred increased in value on an average Tuesday only slightly. The average increase in value of the Decred was 0.01%. 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 (2.03%). This means that on 68 percent of the Tuesdays, the change in price of the Decred is expected to be in the range of -2.02% and 2.04%.

The increase in value of the Decred is 4.18% on an average Wednesday. However, the uncertainty on the average change is high for the Decred on Wednesdays. This is the reason why an expected increase of the Decred on an average Wednesday cannot be predicted. The standard deviation for Decred on Wednesdays is high, namely 6.12%. This means that the expected range of value change for the Decred is -1.94% and 10.29% on 68% of the Wednesdays.

Historical performance on Thursday 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 Thursday with 0.94%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Thursday is between -1.82% and 3.70% (see also the table below).

On an average Friday the Decred shows an increase in value of 1.07%. However, the change of Decred on most of the Fridays is between -1.31% and 3.46%. Therefore it is hard to tell whether an average Friday is a good day to start buying Decreds.

The Decred declines in value on an average Saturday with -2.36%. However, the uncertainty (or standard deviation) is quite large, namely 0.90%. This means that it is not possible to say whether on a regular Saturday the Decred will increase or decrease in value.

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 2.36% 3.11% -0.74% to 5.47%
Monday 1.09% 3.35% -2.27% to 4.44%
Tuesday 0.01% 2.03% -2.02% to 2.04%
Wednesday 4.18% 6.12% -1.94% to 10.29%
Thursday 0.94% 2.76% -1.82% to 3.70%
Friday 1.07% 2.39% -1.31% to 3.46%
Saturday -2.36% 0.90% -3.26% to -1.46%