Metal (MTL)

Current price: $ 1.03

24 hours price change: $ 0.03 (2.70%)

Daily analysis of Metal (MTL) - 6 months

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 6 months, starting on January 13th, 2024 to July 13th, 2024.

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 01/13/2024 and 07/13/2024.

According to the performance of Metal between January 13th, 2024 and July 13th, 2024, Metal performed the best on Thursdays. On average, the price of Metal increased 0.32% on Thursday.

The weekday on which the Metal performed the worst, is Sunday. On Sundays, the Metal declined in value on average by -0.69%.

Metal weekday performance

On Sundays, the Metal decreases in value on average with -0.69%. On most of the Sundays the Metal decreases in value between -2.17% and 0.78%. The uncertainty (1.48%) is higher than the average decline percentage (-0.69%). Therefore, expected range of price changes of the Metal on Sundays is large.

Metal increased in value on an average Monday only slightly. The average increase in value of the Metal was 0.28%. 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 (1.90%). This means that on 68 percent of the Mondays, the change in price of the Metal is expected to be in the range of -1.62% and 2.17%.

Allthough the Metal decreases in value with -0.58% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Metal on Tuesdays is 1.85%. This means that the expected change of the value of Metal is between -2.43% and 1.27% on 68 out of 100 Tuesdays.

It is hard to tell whether the Metal will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Metal is -0.12%. However, the standard deviation on this weekday is 1.84%. This means that on most Wednesdays, the change in value of the Metal is between -1.97% and 1.72%.

On an average Thursday, the Metal increased 0.32%. However, since the expected deviation is 1.78%, the Metal will decline in value on a Thursday quiet regularly. The expected price change of the Metal on a Thursday is between -1.47% and 2.10%.

Allthough the Metal decreases in value with -0.47% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Metal on Fridays is 1.66%. This means that the expected change of the value of Metal is between -2.13% and 1.19% on 68 out of 100 Fridays.

On Saturdays, the Metal decreases in value on average with -0.66%. On most of the Saturdays the Metal decreases in value between -2.53% and 1.20%. The uncertainty (1.86%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the Metal on Saturdays is large.

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 -0.69% 1.48% -2.17% to 0.78%
Monday 0.28% 1.90% -1.62% to 2.17%
Tuesday -0.58% 1.85% -2.43% to 1.27%
Wednesday -0.12% 1.84% -1.97% to 1.72%
Thursday 0.32% 1.78% -1.47% to 2.10%
Friday -0.47% 1.66% -2.13% to 1.19%
Saturday -0.66% 1.86% -2.53% to 1.20%
 

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