Steem (STEEM)

Current price: $ 1.18

24 hours price change: $ -0.15 (-10.98%)

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 9th, 2021 to May 9th, 2021.

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 04/09/2021 and 05/09/2021.

According to the performance of Steem between April 9th, 2021 and May 9th, 2021, Steem performed the best on Mondays. On average, the price of Steem increased 3.35% on Monday.

The weekday on which the Steem performed the worst, is Wednesday. On Wednesdays, the Steem declined in value on average by -1.39%.

Steem weekday performance

Allthough the Steem decreases in value with -0.31% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Sundays is 0.40%. This means that the expected change of the value of Steem is between -0.71% and 0.08% on 68 out of 100 Sundays.

The increase in value of the Steem is 3.35% on an average Monday. However, the uncertainty on the average change is high for the Steem on Mondays. This is the reason why an expected increase of the Steem on an average Monday cannot be predicted. The standard deviation for Steem on Mondays is high, namely 5.83%. This means that the expected range of value change for the Steem is -2.47% and 9.18% on 68% of the Mondays.

On an average Tuesday the Steem shows an increase in value of 1.79%. However, the change of Steem on most of the Tuesdays is between -1.29% and 4.88%. 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 -1.39%. However, the uncertainty (or standard deviation) is quite large, namely 2.52%. This means that it is not possible to say whether on a regular Wednesday the Steem will increase or decrease in value.

On Thursdays, the Steem decreases in value on average with -0.72%. On most of the Thursdays the Steem decreases in value between -2.14% and 0.69%. The uncertainty (1.42%) is higher than the average decline percentage (-0.72%). Therefore, expected range of price changes of the Steem on Thursdays is large.

On an average Friday the Steem shows an increase in value of 1.01%. However, the change of Steem on most of the Fridays is between -0.97% and 3.00%. Therefore it is hard to tell whether an average Friday is a good day to start buying Steems.

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 -0.02%. However, the standard deviation on this weekday is 0.09%. This means that on most Saturdays, the change in value of the Steem is between -0.12% and 0.07%.

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 -0.31% 0.40% -0.71% to 0.08%
Monday 3.35% 5.83% -2.47% to 9.18%
Tuesday 1.79% 3.08% -1.29% to 4.88%
Wednesday -1.39% 2.52% -3.91% to 1.12%
Thursday -0.72% 1.42% -2.14% to 0.69%
Friday 1.01% 1.99% -0.97% to 3.00%
Saturday -0.02% 0.09% -0.12% to 0.07%
 

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