Steem (STEEM)

Current price: $ 0.13

24 hours price change: $ -0.007426 (-5.31%)

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 October 19th, 2019 to November 18th, 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 10/19/2019 and 11/18/2019.

According to the performance of Steem between October 19th, 2019 and November 18th, 2019, Steem performed the best on Fridays. On average, the price of Steem increased 0.63% on Friday.

The weekday on which the Steem performed the worst, is Tuesday. On Tuesdays, the Steem declined in value on average by -0.42%.

Steem weekday performance

Steem increased in value on an average Sunday only slightly. The average increase in value of the Steem was 0.16%. 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 (1.45%). This means that on 68 percent of the Sundays, the change in price of the Steem is expected to be in the range of -1.29% and 1.61%.

It is hard to tell whether the Steem will increase or decrease in value on an average Monday. The average change on a Monday for the Steem is -0.15%. However, the standard deviation on this weekday is 0.76%. This means that on most Mondays, the change in value of the Steem is between -0.90% and 0.61%.

Allthough the Steem decreases in value with -0.42% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Tuesdays is 0.27%. This means that the expected change of the value of Steem is between -0.70% and -0.15% on 68 out of 100 Tuesdays.

Steem increased in value on an average Wednesday only slightly. The average increase in value of the Steem was 0.30%. 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 (0.43%). This means that on 68 percent of the Wednesdays, the change in price of the Steem is expected to be in the range of -0.13% and 0.72%.

It is hard to tell whether the Steem will increase or decrease in value on an average Thursday. The average change on a Thursday for the Steem is -0.14%. However, the standard deviation on this weekday is 0.75%. This means that on most Thursdays, the change in value of the Steem is between -0.90% and 0.61%.

Historical performance on Friday 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 Friday with 0.63%. However, the uncertainty of this increase is high. The expected change in value of the Steem on a Friday is between -0.07% and 1.34% (see also the table below).

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 -0.06%. However, the standard deviation on this weekday is 0.62%. This means that on most Saturdays, the change in value of the Steem is between -0.68% and 0.56%.

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 0.16% 1.45% -1.29% to 1.61%
Monday -0.15% 0.76% -0.90% to 0.61%
Tuesday -0.42% 0.27% -0.70% to -0.15%
Wednesday 0.30% 0.43% -0.13% to 0.72%
Thursday -0.14% 0.75% -0.90% to 0.61%
Friday 0.63% 0.71% -0.07% to 1.34%
Saturday -0.06% 0.62% -0.68% to 0.56%