Metal (MTL)

Current price: $ 2.01

24 hours price change: $ 0.04 (2.24%)

Daily analysis of Metal (MTL) - 1 year

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 year, starting on August 5th, 2020 to August 5th, 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 08/05/2020 and 08/05/2021.

According to the performance of Metal between August 5th, 2020 and August 5th, 2021, Metal performed the best on Mondays. On average, the price of Metal increased 5.22% on Monday.

The weekday on which the Metal performed the worst, is Friday. On Fridays, the Metal declined in value on average by -0.21%.

Metal weekday performance

On an average Sunday, the Metal increased 0.53%. However, since the expected deviation is 3.00%, the Metal will decline in value on a Sunday quiet regularly. The expected price change of the Metal on a Sunday is between -2.47% and 3.53%.

The increase in value of the Metal is 5.22% on an average Monday. However, the uncertainty on the average change is high for the Metal on Mondays. This is the reason why an expected increase of the Metal on an average Monday cannot be predicted. The standard deviation for Metal on Mondays is high, namely 30.09%. This means that the expected range of value change for the Metal is -24.87% and 35.32% on 68% of the Mondays.

Metal increased in value on an average Tuesday only slightly. The average increase in value of the Metal was 0.08%. 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 (3.67%). This means that on 68 percent of the Tuesdays, the change in price of the Metal is expected to be in the range of -3.60% and 3.75%.

On an average Wednesday, the Metal increased 0.43%. However, since the expected deviation is 4.55%, the Metal will decline in value on a Wednesday quiet regularly. The expected price change of the Metal on a Wednesday is between -4.12% and 4.98%.

On an average Thursday the Metal shows an increase in value of 1.17%. However, the change of Metal on most of the Thursdays is between -4.04% and 6.39%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Metals.

It is hard to tell whether the Metal will increase or decrease in value on an average Friday. The average change on a Friday for the Metal is -0.21%. However, the standard deviation on this weekday is 3.10%. This means that on most Fridays, the change in value of the Metal is between -3.31% and 2.89%.

Historical performance on Saturday 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 Saturday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Metal on a Saturday is between -3.74% and 5.27% (see also the table below).

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 0.53% 3.00% -2.47% to 3.53%
Monday 5.22% 30.09% -24.87% to 35.32%
Tuesday 0.08% 3.67% -3.60% to 3.75%
Wednesday 0.43% 4.55% -4.12% to 4.98%
Thursday 1.17% 5.21% -4.04% to 6.39%
Friday -0.21% 3.10% -3.31% to 2.89%
Saturday 0.76% 4.50% -3.74% to 5.27%

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