ICON (ICX)

Current price: $ 0.22

24 hours price change: $ 0.004400 (2.03%)

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 December 29th, 2022 to January 29th, 2023.

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 12/29/2022 and 01/29/2023.

According to the performance of ICON between December 29th, 2022 and January 29th, 2023, ICON performed the best on Tuesdays. On average, the price of ICON increased 7.23% on Tuesday.

The weekday on which the ICON performed the worst, is Friday. On Fridays, the ICON declined in value on average by -0.63%.

ICON weekday performance

ICON increased in value on an average Sunday only slightly. The average increase in value of the ICON was 0.12%. 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 (0.77%). This means that on 68 percent of the Sundays, the change in price of the ICON is expected to be in the range of -0.65% and 0.89%.

On an average Monday, the ICON increased 0.49%. However, since the expected deviation is 0.61%, the ICON will decline in value on a Monday quiet regularly. The expected price change of the ICON on a Monday is between -0.12% and 1.10%.

The increase in value of the ICON is 7.23% on an average Tuesday. However, the uncertainty on the average change is high for the ICON on Tuesdays. This is the reason why an expected increase of the ICON on an average Tuesday cannot be predicted. The standard deviation for ICON on Tuesdays is high, namely 11.92%. This means that the expected range of value change for the ICON is -4.70% and 19.15% on 68% of the Tuesdays.

Historical performance on Wednesday 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 Wednesday with 0.78%. However, the uncertainty of this increase is high. The expected change in value of the ICON on a Wednesday is between -0.13% and 1.69% (see also the table below).

On an average Thursday, the ICON increased 0.34%. However, since the expected deviation is 0.55%, the ICON will decline in value on a Thursday quiet regularly. The expected price change of the ICON on a Thursday is between -0.21% and 0.89%.

On Fridays, the ICON decreases in value on average with -0.63%. On most of the Fridays the ICON decreases in value between -1.84% and 0.58%. The uncertainty (1.21%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the ICON on Fridays is large.

ICON increased in value on an average Saturday only slightly. The average increase in value of the ICON was 0.26%. 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 (0.83%). This means that on 68 percent of the Saturdays, the change in price of the ICON is expected to be in the range of -0.57% and 1.10%.

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 0.12% 0.77% -0.65% to 0.89%
Monday 0.49% 0.61% -0.12% to 1.10%
Tuesday 7.23% 11.92% -4.70% to 19.15%
Wednesday 0.78% 0.91% -0.13% to 1.69%
Thursday 0.34% 0.55% -0.21% to 0.89%
Friday -0.63% 1.21% -1.84% to 0.58%
Saturday 0.26% 0.83% -0.57% to 1.10%
 

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