ICON (ICX)

Current price: $ 0.31

24 hours price change: $ -0.008586 (-2.70%)

Daily analysis of ICON (ICX) - 1 month

The performance of ICON regarding the price differs every day. To make the best decision to buy ICON, we are analysis in this article the performance of ICON on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on January 28th, 2020 to February 28th, 2020.

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

Average daily change in price of ICON per weekday between 01/28/2020 and 02/28/2020.

According to the performance of ICON between January 28th, 2020 and February 28th, 2020, ICON performed the best on Tuesdays. On average, the price of ICON increased 1.43% on Tuesday.

The weekday on which the ICON performed the worst, is Wednesday. On Wednesdays, the ICON declined in value on average by -3.07%.

ICON weekday performance

Historical performance on Sunday do not show an increase in value of the ICON on which a prediction can be made. The ICON increased in value on average on an average Sunday with 0.64%. However, the uncertainty of this increase is high. The expected change in value of the ICON on a Sunday is between -0.20% and 1.47% (see also the table below).

ICON increased in value on an average Monday only slightly. The average increase in value of the ICON was 0.30%. Allthough the ICON closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.39%). This means that on 68 percent of the Mondays, the change in price of the ICON is expected to be in the range of -2.09% and 2.69%.

On an average Tuesday the ICON shows an increase in value of 1.43%. However, the change of ICON on most of the Tuesdays is between -0.06% and 2.91%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying ICONs.

The decrease in value of the ICON is -3.07% on an average Wednesday. The uncertainty of the average change is high for the ICON on Wednesdays. This means that it is hard to tell whether the ICON will decrease or increase in value on an average Wednesday. If we look at the 68% range of the ICON, we see that on 68% of the Wednesdays, the expected change of the ICON is between -5.15% and -0.98%.

Historical performance on Thursday do not show an increase in value of the ICON on which a prediction can be made. The ICON increased in value on average on an average Thursday with 0.97%. However, the uncertainty of this increase is high. The expected change in value of the ICON on a Thursday is between -1.00% and 2.94% (see also the table below).

The ICON declines in value on an average Friday with -1.21%. However, the uncertainty (or standard deviation) is quite large, namely 1.16%. This means that it is not possible to say whether on a regular Friday the ICON will increase or decrease in value.

Allthough the ICON decreases in value with -0.37% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of ICON on Saturdays is 0.96%. This means that the expected change of the value of ICON is between -1.33% and 0.60% on 68 out of 100 Saturdays.

ICON weekday performance details

Find below the details of the performance of ICON 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 0.64% 0.83% -0.20% to 1.47%
Monday 0.30% 2.39% -2.09% to 2.69%
Tuesday 1.43% 1.49% -0.06% to 2.91%
Wednesday -3.07% 2.08% -5.15% to -0.98%
Thursday 0.97% 1.97% -1.00% to 2.94%
Friday -1.21% 1.16% -2.37% to -0.05%
Saturday -0.37% 0.96% -1.33% to 0.60%
 

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