Metal (MTL)

Current price: $ 0.75

24 hours price change: $ -0.02 (-2.60%)

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 November 6th, 2022 to December 6th, 2022.

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 11/06/2022 and 12/06/2022.

According to the performance of Metal between November 6th, 2022 and December 6th, 2022, Metal performed the best on Sundays. On average, the price of Metal increased 1.48% on Sunday.

The weekday on which the Metal performed the worst, is Monday. On Mondays, the Metal declined in value on average by -0.66%.

Metal weekday performance

On an average Sunday the Metal shows a high increase in value, namely 1.48%. The standard deviation is below the average increase percentage (standard deviation is 0.48%), meaning that on 68% of the Sundays the Metal will increase with a percentage between 1.00% and 1.95%. This also means that, on average, on 16 percent of the Sundays, the Metal will increase with a percentage above this range. On the other 16% of the Sundays, the Metal will change with a percentage below the 1.00%.

On Mondays, the Metal decreases in value on average with -0.66%. On most of the Mondays the Metal decreases in value between -2.07% and 0.75%. The uncertainty (1.41%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the Metal on Mondays is large.

Metal increased in value on an average Tuesday only slightly. The average increase in value of the Metal was 0.22%. 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 (1.29%). This means that on 68 percent of the Tuesdays, the change in price of the Metal is expected to be in the range of -1.08% and 1.51%.

Metal increased in value on an average Wednesday only slightly. The average increase in value of the Metal was 0.10%. 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 (2.09%). This means that on 68 percent of the Wednesdays, the change in price of the Metal is expected to be in the range of -1.99% and 2.18%.

Historical performance on Thursday do not show an increase in value of the Metal on which a prediction can be made. The Metal increased in value on average on an average Thursday with 0.72%. However, the uncertainty of this increase is high. The expected change in value of the Metal on a Thursday is between -1.08% and 2.52% (see also the table below).

On an average Friday, the Metal increased 0.45%. However, since the expected deviation is 0.99%, the Metal will decline in value on a Friday quiet regularly. The expected price change of the Metal on a Friday is between -0.54% and 1.44%.

On an average Saturday, the Metal increased 0.39%. However, since the expected deviation is 1.31%, the Metal will decline in value on a Saturday quiet regularly. The expected price change of the Metal on a Saturday is between -0.92% and 1.69%.

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 1.48% 0.48% 1.00% to 1.95%
Monday -0.66% 1.41% -2.07% to 0.75%
Tuesday 0.22% 1.29% -1.08% to 1.51%
Wednesday 0.10% 2.09% -1.99% to 2.18%
Thursday 0.72% 1.80% -1.08% to 2.52%
Friday 0.45% 0.99% -0.54% to 1.44%
Saturday 0.39% 1.31% -0.92% to 1.69%
 

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