Decred (DCR)

Current price: $ 29.60

24 hours price change: $ 0.56 (1.94%)

Daily analysis of Decred (DCR) - 6 months

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 6 months, starting on January 21st, 2019 to July 21st, 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 01/21/2019 and 07/21/2019.

According to the performance of Decred between January 21st, 2019 and July 21st, 2019, Decred performed the best on Saturdays. On average, the price of Decred increased 1.81% on Saturday.

The weekday on which the Decred performed the worst, is Thursday. On Thursdays, the Decred declined in value on average by -1.58%.

Decred weekday performance

On an average Sunday, the Decred increased 0.34%. However, since the expected deviation is 2.78%, the Decred will decline in value on a Sunday quiet regularly. The expected price change of the Decred on a Sunday is between -2.44% and 3.13%.

Decred increased in value on an average Monday only slightly. The average increase in value of the Decred was 0.04%. 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 (0.76%). This means that on 68 percent of the Mondays, the change in price of the Decred is expected to be in the range of -0.72% and 0.80%.

Allthough the Decred decreases in value with -0.39% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Decred on Tuesdays is 3.61%. This means that the expected change of the value of Decred is between -4.01% and 3.22% on 68 out of 100 Tuesdays.

On an average Wednesday the Decred shows an increase in value of 1.37%. However, the change of Decred on most of the Wednesdays is between -3.69% and 6.43%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Decreds.

The Decred declines in value on an average Thursday with -1.58%. However, the uncertainty (or standard deviation) is quite large, namely 3.55%. This means that it is not possible to say whether on a regular Thursday the Decred will increase or decrease in value.

It is hard to tell whether the Decred will increase or decrease in value on an average Friday. The average change on a Friday for the Decred is -0.19%. However, the standard deviation on this weekday is 1.92%. This means that on most Fridays, the change in value of the Decred is between -2.11% and 1.72%.

On an average Saturday the Decred shows an increase in value of 1.81%. However, the change of Decred on most of the Saturdays is between -5.14% and 8.76%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Decreds.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.34%2.78%-2.44% to 3.13%
Monday0.04%0.76%-0.72% to 0.80%
Tuesday-0.39%3.61%-4.01% to 3.22%
Wednesday1.37%5.06%-3.69% to 6.43%
Thursday-1.58%3.55%-5.13% to 1.97%
Friday-0.19%1.92%-2.11% to 1.72%
Saturday1.81%6.95%-5.14% to 8.76%