Metal (MTL)

Current price: $ 0.28

24 hours price change: $ -0.004728 (-1.69%)

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 October 23rd, 2018 to October 22nd, 2019.

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 10/23/2018 and 10/22/2019.

According to the performance of Metal between October 23rd, 2018 and October 22nd, 2019, Metal performed the best on Tuesdays. On average, the price of Metal increased 2.28% on Tuesday.

The weekday on which the Metal performed the worst, is Wednesday. On Wednesdays, the Metal declined in value on average by -1.24%.

Metal weekday performance

On an average Sunday, the Metal increased 0.53%. However, since the expected deviation is 6.43%, the Metal will decline in value on a Sunday quiet regularly. The expected price change of the Metal on a Sunday is between -5.90% and 6.95%.

On Mondays, the Metal decreases in value on average with -0.69%. On most of the Mondays the Metal decreases in value between -7.75% and 6.38%. The uncertainty (7.07%) is higher than the average decline percentage (-0.69%). Therefore, expected range of price changes of the Metal on Mondays is large.

On an average Tuesday the Metal shows an increase in value of 2.28%. However, the change of Metal on most of the Tuesdays is between -5.81% and 10.37%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Metals.

The Metal declines in value on an average Wednesday with -1.24%. However, the uncertainty (or standard deviation) is quite large, namely 8.58%. This means that it is not possible to say whether on a regular Wednesday the Metal will increase or decrease in value.

It is hard to tell whether the Metal will increase or decrease in value on an average Thursday. The average change on a Thursday for the Metal is -0.29%. However, the standard deviation on this weekday is 6.33%. This means that on most Thursdays, the change in value of the Metal is between -6.62% and 6.04%.

Metal increased in value on an average Friday only slightly. The average increase in value of the Metal was 0.26%. 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 (3.94%). This means that on 68 percent of the Fridays, the change in price of the Metal is expected to be in the range of -3.69% and 4.20%.

Metal increased in value on an average Saturday only slightly. The average increase in value of the Metal was 0.21%. 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 (7.99%). This means that on 68 percent of the Saturdays, the change in price of the Metal is expected to be in the range of -7.79% and 8.20%.

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% 6.43% -5.90% to 6.95%
Monday -0.69% 7.07% -7.75% to 6.38%
Tuesday 2.28% 8.09% -5.81% to 10.37%
Wednesday -1.24% 8.58% -9.82% to 7.34%
Thursday -0.29% 6.33% -6.62% to 6.04%
Friday 0.26% 3.94% -3.69% to 4.20%
Saturday 0.21% 7.99% -7.79% to 8.20%