Elastos (ELA)

Current price: $ 1.50

24 hours price change: $ -0.03 (-1.86%)

Daily analysis of Elastos (ELA) - 6 months

The performance of Elastos regarding the price differs every day. To make the best decision to buy Elastos, we are analysis in this article the performance of Elastos on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on June 16th, 2019 to December 15th, 2019.

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

Average daily change in price of Elastos per weekday between 06/16/2019 and 12/15/2019.

According to the performance of Elastos between June 16th, 2019 and December 15th, 2019, Elastos performed the best on Fridays. On average, the price of Elastos increased 0.44% on Friday.

The weekday on which the Elastos performed the worst, is Monday. On Mondays, the Elastos declined in value on average by -0.84%.

Elastos weekday performance

On an average Sunday, the Elastos increased 0.34%. However, since the expected deviation is 1.65%, the Elastos will decline in value on a Sunday quiet regularly. The expected price change of the Elastos on a Sunday is between -1.31% and 1.99%.

On Mondays, the Elastos decreases in value on average with -0.84%. On most of the Mondays the Elastos decreases in value between -3.37% and 1.70%. The uncertainty (2.54%) is higher than the average decline percentage (-0.84%). Therefore, expected range of price changes of the Elastos on Mondays is large.

Allthough the Elastos decreases in value with -0.59% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Elastos on Tuesdays is 3.21%. This means that the expected change of the value of Elastos is between -3.80% and 2.62% on 68 out of 100 Tuesdays.

It is hard to tell whether the Elastos will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Elastos is -0.11%. However, the standard deviation on this weekday is 1.72%. This means that on most Wednesdays, the change in value of the Elastos is between -1.83% and 1.61%.

Elastos increased in value on an average Thursday only slightly. The average increase in value of the Elastos was 0.05%. Allthough the Elastos closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.46%). This means that on 68 percent of the Thursdays, the change in price of the Elastos is expected to be in the range of -2.41% and 2.51%.

On an average Friday, the Elastos increased 0.44%. However, since the expected deviation is 2.85%, the Elastos will decline in value on a Friday quiet regularly. The expected price change of the Elastos on a Friday is between -2.42% and 3.29%.

Elastos increased in value on an average Saturday only slightly. The average increase in value of the Elastos was 0.22%. Allthough the Elastos closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.52%). This means that on 68 percent of the Saturdays, the change in price of the Elastos is expected to be in the range of -2.30% and 2.73%.

Elastos weekday performance details

Find below the details of the performance of Elastos 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 0.34% 1.65% -1.31% to 1.99%
Monday -0.84% 2.54% -3.37% to 1.70%
Tuesday -0.59% 3.21% -3.80% to 2.62%
Wednesday -0.11% 1.72% -1.83% to 1.61%
Thursday 0.05% 2.46% -2.41% to 2.51%
Friday 0.44% 2.85% -2.42% to 3.29%
Saturday 0.22% 2.52% -2.30% to 2.73%