Metal (MTL)

Current price: $ 2.18

24 hours price change: $ 0.10 (5.01%)

Daily analysis of Metal (MTL) - 1 month

The performance of Metal regarding the price differs every day. To make the best decision to buy Metal, we are analysis in this article the performance of Metal on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 13th, 2021 to June 13th, 2021.

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

Average daily change in price of Metal per weekday between 05/13/2021 and 06/13/2021.

According to the performance of Metal between May 13th, 2021 and June 13th, 2021, Metal performed the best on Wednesdays. On average, the price of Metal increased 1.72% on Wednesday.

The weekday on which the Metal performed the worst, is Friday. On Fridays, the Metal declined in value on average by -2.35%.

Metal weekday performance

Metal increased in value on an average Sunday only slightly. The average increase in value of the Metal was 0.03%. Allthough the Metal closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.46%). This means that on 68 percent of the Sundays, the change in price of the Metal is expected to be in the range of -0.43% and 0.48%.

On an average Monday the Metal shows an increase in value of 1.19%. However, the change of Metal on most of the Mondays is between -1.49% and 3.87%. Therefore it is hard to tell whether an average Monday is a good day to start buying Metals.

The Metal declines in value on an average Tuesday with -1.02%. However, the uncertainty (or standard deviation) is quite large, namely 1.01%. This means that it is not possible to say whether on a regular Tuesday the Metal will increase or decrease in value.

On an average Wednesday the Metal shows an increase in value of 1.72%. However, the change of Metal on most of the Wednesdays is between -2.48% and 5.92%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Metals.

The Metal declines in value on an average Thursday with -1.22%. However, the uncertainty (or standard deviation) is quite large, namely 1.55%. This means that it is not possible to say whether on a regular Thursday the Metal will increase or decrease in value.

The Metal declines in value on an average Friday with -2.35%. However, the uncertainty (or standard deviation) is quite large, namely 3.80%. This means that it is not possible to say whether on a regular Friday the Metal will increase or decrease in value.

Allthough the Metal decreases in value with -0.59% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Metal on Saturdays is 2.61%. This means that the expected change of the value of Metal is between -3.20% and 2.03% on 68 out of 100 Saturdays.

Metal weekday performance details

Find below the details of the performance of Metal 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 0.03% 0.46% -0.43% to 0.48%
Monday 1.19% 2.68% -1.49% to 3.87%
Tuesday -1.02% 1.01% -2.03% to -0.01%
Wednesday 1.72% 4.20% -2.48% to 5.92%
Thursday -1.22% 1.55% -2.76% to 0.33%
Friday -2.35% 3.80% -6.15% to 1.44%
Saturday -0.59% 2.61% -3.20% to 2.03%
 

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