Steem (STEEM)

Current price: $ 0.40

24 hours price change: $ 0.0089 (2.31%)

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 April 24th, 2019 to May 23rd, 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 04/24/2019 and 05/23/2019.

According to the performance of Steem between April 24th, 2019 and May 23rd, 2019, Steem performed the best on Mondays. On average, the price of Steem increased 0.95% on Monday.

The weekday on which the Steem performed the worst, is Thursday. On Thursdays, the Steem declined in value on average by -0.74%.

Steem weekday performance

The Steem will almost not change or only slightly increase in value on an average Sunday. The average change of the Steem on Sundays is 0.13%. The standard deviation of the Steem is 0.06%, which means that in 68% of the Sundays, the range of the change of the Steem is 0.07% and 0.19%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

The expected range of change of the Steem for an average Monday is between 0.01% and 1.90%. This is the result of an average increase in value of 0.95% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

Allthough the Steem decreases in value with -0.43% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Tuesdays is 0.26%. This means that the expected change of the value of Steem is between -0.70% and -0.17% 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 0.17%. 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 (0.28%). This means that on 68 percent of the Wednesdays, the change in price of the Steem is expected to be in the range of -0.11% and 0.45%.

On Thursdays, the Steem decreases in value on average with -0.74%. On most of the Thursdays the Steem decreases in value between -2.78% and 1.29%. The uncertainty (2.04%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the Steem on Thursdays is large.

Steem increased in value on an average Friday only slightly. The average increase in value of the Steem was 0.20%. 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 (0.28%). This means that on 68 percent of the Fridays, the change in price of the Steem is expected to be in the range of -0.08% and 0.48%.

On Saturdays, the Steem decreases in value on average with -0.72%. On most of the Saturdays the Steem decreases in value between -1.81% and 0.37%. The uncertainty (1.09%) is higher than the average decline percentage (-0.72%). Therefore, expected range of price changes of the Steem on Saturdays is large.

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
Sunday0.13%0.06%0.07% to 0.19%
Monday0.95%0.94%0.01% to 1.90%
Tuesday-0.43%0.26%-0.70% to -0.17%
Wednesday0.17%0.28%-0.11% to 0.45%
Thursday-0.74%2.04%-2.78% to 1.29%
Friday0.20%0.28%-0.08% to 0.48%
Saturday-0.72%1.09%-1.81% to 0.37%