Elastos (ELA)

Current price: $ 2.22

24 hours price change: $ -0.001962 (-0.09%)

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 March 24th, 2019 to September 23rd, 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 03/24/2019 and 09/23/2019.

According to the performance of Elastos between March 24th, 2019 and September 23rd, 2019, Elastos performed the best on Saturdays. On average, the price of Elastos increased 0.87% on Saturday.

The weekday on which the Elastos performed the worst, is Sunday. On Sundays, the Elastos declined in value on average by -1.14%.

Elastos weekday performance

The Elastos declines in value on an average Sunday with -1.14%. However, the uncertainty (or standard deviation) is quite large, namely 2.90%. This means that it is not possible to say whether on a regular Sunday the Elastos will increase or decrease in value.

Allthough the Elastos decreases in value with -0.57% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Elastos on Mondays is 3.25%. This means that the expected change of the value of Elastos is between -3.82% and 2.68% on 68 out of 100 Mondays.

On Tuesdays, the Elastos decreases in value on average with -0.81%. On most of the Tuesdays the Elastos decreases in value between -5.60% and 3.98%. The uncertainty (4.79%) is higher than the average decline percentage (-0.81%). Therefore, expected range of price changes of the Elastos on Tuesdays is large.

Allthough the Elastos decreases in value with -0.51% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Elastos on Wednesdays is 2.78%. This means that the expected change of the value of Elastos is between -3.30% and 2.27% on 68 out of 100 Wednesdays.

On an average Thursday, the Elastos increased 0.56%. However, since the expected deviation is 2.62%, the Elastos will decline in value on a Thursday quiet regularly. The expected price change of the Elastos on a Thursday is between -2.06% and 3.18%.

Elastos increased in value on an average Friday only slightly. The average increase in value of the Elastos was 0.17%. 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 (3.45%). This means that on 68 percent of the Fridays, the change in price of the Elastos is expected to be in the range of -3.28% and 3.62%.

Historical performance on Saturday do not show an increase in value of the Elastos on which a prediction can be made. The Elastos increased in value on average on an average Saturday with 0.87%. However, the uncertainty of this increase is high. The expected change in value of the Elastos on a Saturday is between -5.20% and 6.95% (see also the table below).

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 -1.14% 2.90% -4.04% to 1.76%
Monday -0.57% 3.25% -3.82% to 2.68%
Tuesday -0.81% 4.79% -5.60% to 3.98%
Wednesday -0.51% 2.78% -3.30% to 2.27%
Thursday 0.56% 2.62% -2.06% to 3.18%
Friday 0.17% 3.45% -3.28% to 3.62%
Saturday 0.87% 6.08% -5.20% to 6.95%