ICON (ICX)

Current price: $ 1.89

24 hours price change: $ -0.01 (-0.68%)

Daily analysis of ICON (ICX) - 6 months

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 6 months, starting on November 18th, 2020 to May 18th, 2021.

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 11/18/2020 and 05/18/2021.

According to the performance of ICON between November 18th, 2020 and May 18th, 2021, ICON performed the best on Mondays. On average, the price of ICON increased 1.07% on Monday.

The weekday on which the ICON performed the worst, is Sunday. On Sundays, the ICON declined in value on average by -0.05%.

ICON weekday performance

It is hard to tell whether the ICON will increase or decrease in value on an average Sunday. The average change on a Sunday for the ICON is -0.05%. However, the standard deviation on this weekday is 3.00%. This means that on most Sundays, the change in value of the ICON is between -3.05% and 2.96%.

On an average Monday the ICON shows an increase in value of 1.07%. However, the change of ICON on most of the Mondays is between -3.35% and 5.50%. Therefore it is hard to tell whether an average Monday is a good day to start buying ICONs.

On an average Tuesday, the ICON increased 0.47%. However, since the expected deviation is 5.06%, the ICON will decline in value on a Tuesday quiet regularly. The expected price change of the ICON on a Tuesday is between -4.59% and 5.54%.

ICON increased in value on an average Wednesday only slightly. The average increase in value of the ICON was 0.20%. 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 (3.78%). This means that on 68 percent of the Wednesdays, the change in price of the ICON is expected to be in the range of -3.58% and 3.98%.

ICON increased in value on an average Thursday only slightly. The average increase in value of the ICON was 0.09%. 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 (1.81%). This means that on 68 percent of the Thursdays, the change in price of the ICON is expected to be in the range of -1.72% and 1.90%.

On an average Friday, the ICON increased 0.37%. However, since the expected deviation is 3.91%, the ICON will decline in value on a Friday quiet regularly. The expected price change of the ICON on a Friday is between -3.54% and 4.27%.

On an average Saturday the ICON shows an increase in value of 1.00%. However, the change of ICON on most of the Saturdays is between -3.01% and 5.02%. Therefore it is hard to tell whether an average Saturday is a good day to start buying ICONs.

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 -0.05% 3.00% -3.05% to 2.96%
Monday 1.07% 4.42% -3.35% to 5.50%
Tuesday 0.47% 5.06% -4.59% to 5.54%
Wednesday 0.20% 3.78% -3.58% to 3.98%
Thursday 0.09% 1.81% -1.72% to 1.90%
Friday 0.37% 3.91% -3.54% to 4.27%
Saturday 1.00% 4.02% -3.01% to 5.02%
 

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