Steem (STEEM)

Current price: -

24 hours price change: - (-)

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 April 20th, 2024 to May 17th, 2024.

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 04/20/2024 and 05/17/2024.

According to the performance of Steem between April 20th, 2024 and May 17th, 2024, Steem performed the best on Tuesdays. On average, the price of Steem increased 1.21% on Tuesday.

The weekday on which the Steem performed the worst, is Sunday. On Sundays, the Steem declined in value on average by -1.11%.

Steem weekday performance

The Steem declines in value on an average Sunday with -1.11%. However, the uncertainty (or standard deviation) is quite large, namely 1.72%. This means that it is not possible to say whether on a regular Sunday the Steem will increase or decrease in value.

Steem increased in value on an average Monday only slightly. The average increase in value of the Steem was 0.23%. 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 (0.25%). This means that on 68 percent of the Mondays, the change in price of the Steem is expected to be in the range of -0.02% and 0.48%.

On an average Tuesday the Steem shows an increase in value of 1.21%. However, the change of Steem on most of the Tuesdays is between -1.01% and 3.44%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Steems.

The Steem will almost not change or only slightly increase in value on an average Wednesday. The average change of the Steem on Wednesdays is 0.04%. The standard deviation of the Steem is 0.03%, which means that in 68% of the Wednesdays, the range of the change of the Steem is 0.01% and 0.06%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Allthough the Steem decreases in value with -0.46% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Thursdays is 0.83%. This means that the expected change of the value of Steem is between -1.29% and 0.36% on 68 out of 100 Thursdays.

On Fridays, the Steem decreases in value on average with -0.74%. On most of the Fridays the Steem decreases in value between -2.01% and 0.53%. The uncertainty (1.27%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the Steem on Fridays is large.

Allthough the Steem decreases in value with -0.41% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Saturdays is 0.48%. This means that the expected change of the value of Steem is between -0.90% and 0.07% 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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -1.11% 1.72% -2.83% to 0.61%
Monday 0.23% 0.25% -0.02% to 0.48%
Tuesday 1.21% 2.23% -1.01% to 3.44%
Wednesday 0.04% 0.03% 0.01% to 0.06%
Thursday -0.46% 0.83% -1.29% to 0.36%
Friday -0.74% 1.27% -2.01% to 0.53%
Saturday -0.41% 0.48% -0.90% to 0.07%
 

About Us

: Financial indicators for cryptocurrencies