Decred (DCR)

Current price: $ 177.82

24 hours price change: $ -31.98 (-15.24%)

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 October 23rd, 2020 to April 23rd, 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 10/23/2020 and 04/23/2021.

According to the performance of Decred between October 23rd, 2020 and April 23rd, 2021, Decred performed the best on Wednesdays. On average, the price of Decred increased 1.60% on Wednesday.

The weekday on which the Decred performed the worst, is Friday. On Fridays, the Decred declined in value on average by -0.74%.

Decred weekday performance

On an average Sunday, the Decred increased 0.45%. However, since the expected deviation is 3.75%, the Decred will decline in value on a Sunday quiet regularly. The expected price change of the Decred on a Sunday is between -3.30% and 4.19%.

It is hard to tell whether the Decred will increase or decrease in value on an average Monday. The average change on a Monday for the Decred is -0.07%. However, the standard deviation on this weekday is 1.92%. This means that on most Mondays, the change in value of the Decred is between -1.99% and 1.85%.

On an average Tuesday, the Decred increased 0.39%. However, since the expected deviation is 2.89%, the Decred will decline in value on a Tuesday quiet regularly. The expected price change of the Decred on a Tuesday is between -2.50% and 3.28%.

On an average Wednesday the Decred shows an increase in value of 1.60%. However, the change of Decred on most of the Wednesdays is between -7.17% and 10.38%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Decreds.

Decred increased in value on an average Thursday only slightly. The average increase in value of the Decred was 0.18%. 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 (3.69%). This means that on 68 percent of the Thursdays, the change in price of the Decred is expected to be in the range of -3.51% and 3.87%.

On Fridays, the Decred decreases in value on average with -0.74%. On most of the Fridays the Decred decreases in value between -3.85% and 2.38%. The uncertainty (3.12%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the Decred on Fridays is large.

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 0.84%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Saturday is between -1.95% and 3.63% (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 0.45% 3.75% -3.30% to 4.19%
Monday -0.07% 1.92% -1.99% to 1.85%
Tuesday 0.39% 2.89% -2.50% to 3.28%
Wednesday 1.60% 8.78% -7.17% to 10.38%
Thursday 0.18% 3.69% -3.51% to 3.87%
Friday -0.74% 3.12% -3.85% to 2.38%
Saturday 0.84% 2.79% -1.95% to 3.63%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.