Steem (STEEM)

Current price: $ 0.24

24 hours price change: $ -0.0008 (-0.33%)

Daily analysis of Steem (STEEM) - all

The performance of Steem regarding the price differs every day. To make the best decision to buy Steem, we are analysis in this article the performance of Steem on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on April 16th, 2016 to December 12th, 2018.

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

Average daily change in price of Steem per weekday between 04/16/2016 and 12/12/2018.

According to the performance of Steem between April 16th, 2016 and December 12th, 2018, Steem performed the best on Fridays. On average, the price of Steem increased inf% on Friday.

The weekday on which the Steem performed the worst, is Thursday. On Thursdays, the Steem declined in value on average by -0.61%.

Steem weekday performance

Historical performance on Sunday do not show an increase in value of the Steem on which a prediction can be made. The Steem increased in value on average on an average Sunday with 0.75%. However, the uncertainty of this increase is high. The expected change in value of the Steem on a Sunday is between -14.99% and 16.50% (see also the table below).

Steem increased in value on an average Monday only slightly. The average increase in value of the Steem was 0.05%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (17.77%). This means that on 68 percent of the Mondays, the change in price of the Steem is expected to be in the range of -17.72% and 17.82%.

Historical performance on Tuesday do not show an increase in value of the Steem on which a prediction can be made. The Steem increased in value on average on an average Tuesday with 0.64%. However, the uncertainty of this increase is high. The expected change in value of the Steem on a Tuesday is between -8.01% and 9.29% (see also the table below).

On an average Wednesday, the Steem increased 0.32%. However, since the expected deviation is 9.16%, the Steem will decline in value on a Wednesday quiet regularly. The expected price change of the Steem on a Wednesday is between -8.84% and 9.48%.

On Thursdays, the Steem decreases in value on average with -0.61%. On most of the Thursdays the Steem decreases in value between -10.57% and 9.35%. The uncertainty (9.96%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Steem on Thursdays is large.

On Fridays, the average increase of the value of the Steem is very high. The average increase is inf%. The standard deviation of the Steem on Fridays is nan%. This means that on 68% of the Fridays, the Steem increases between nan% and nan%. The uncertainty is therefore not very high, since on most Fridays, the value of the Steem will increase.

Allthough the Steem decreases in value with -0.46% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Saturdays is 7.27%. This means that the expected change of the value of Steem is between -7.73% and 6.80% on 68 out of 100 Saturdays.

Steem weekday performance details

Find below the details of the performance of Steem 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.75%15.75%-14.99% to 16.50%
Monday0.05%17.77%-17.72% to 17.82%
Tuesday0.64%8.65%-8.01% to 9.29%
Wednesday0.32%9.16%-8.84% to 9.48%
Thursday-0.61%9.96%-10.57% to 9.35%
Fridayinf%nan%nan% to nan%
Saturday-0.46%7.27%-7.73% to 6.80%