Steem (STEEM)

Current price: $ 0.33

24 hours price change: $ -0.0029 (-0.86%)

Daily analysis of Steem (STEEM) - 1 month

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 1 month, starting on January 20th, 2019 to February 19th, 2019.

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 01/20/2019 and 02/19/2019.

According to the performance of Steem between January 20th, 2019 and February 19th, 2019, Steem performed the best on Tuesdays. On average, the price of Steem increased 1.39% on Tuesday.

The weekday on which the Steem performed the worst, is Monday. On Mondays, the Steem declined in value on average by -1.38%.

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 0.83%. However, the uncertainty of this increase is high. The expected change in value of the Steem on a Sunday is between -3.06% and 4.71% (see also the table below).

The Steem declines in value on an average Monday with -1.38%. However, the uncertainty (or standard deviation) is quite large, namely 0.66%. This means that it is not possible to say whether on a regular Monday the Steem will increase or decrease in value.

On an average Tuesday the Steem shows an increase in value of 1.39%. However, the change of Steem on most of the Tuesdays is between -2.43% and 5.21%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Steems.

The Steem declines in value on an average Wednesday with -1.14%. However, the uncertainty (or standard deviation) is quite large, namely 1.50%. This means that it is not possible to say whether on a regular Wednesday the Steem will increase or decrease in value.

Steem increased in value on an average Thursday only slightly. The average increase in value of the Steem was 0.08%. 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 (0.64%). This means that on 68 percent of the Thursdays, the change in price of the Steem is expected to be in the range of -0.57% and 0.72%.

It is hard to tell whether the Steem will increase or decrease in value on an average Friday. The average change on a Friday for the Steem is -0.10%. However, the standard deviation on this weekday is 0.37%. This means that on most Fridays, the change in value of the Steem is between -0.47% and 0.27%.

It is hard to tell whether the Steem will increase or decrease in value on an average Saturday. The average change on a Saturday for the Steem is -0.28%. However, the standard deviation on this weekday is 1.56%. This means that on most Saturdays, the change in value of the Steem is between -1.84% and 1.28%.

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
Sunday0.83%3.89%-3.06% to 4.71%
Monday-1.38%0.66%-2.04% to -0.73%
Tuesday1.39%3.82%-2.43% to 5.21%
Wednesday-1.14%1.50%-2.64% to 0.35%
Thursday0.08%0.64%-0.57% to 0.72%
Friday-0.10%0.37%-0.47% to 0.27%
Saturday-0.28%1.56%-1.84% to 1.28%