Steem (STEEM)

Current price: $ 0.26

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 November 9th, 2018 to December 9th, 2018.

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 11/09/2018 and 12/09/2018.

According to the performance of Steem between November 9th, 2018 and December 9th, 2018, Steem performed the best on Wednesdays. On average, the price of Steem increased 0.38% on Wednesday.

The weekday on which the Steem performed the worst, is Thursday. On Thursdays, the Steem declined in value on average by -0.92%.

Steem weekday performance

It is hard to tell whether the Steem will increase or decrease in value on an average Sunday. The average change on a Sunday for the Steem is -0.06%. However, the standard deviation on this weekday is 0.54%. This means that on most Sundays, the change in value of the Steem is between -0.60% and 0.47%.

Allthough the Steem decreases in value with -0.33% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Mondays is 0.45%. This means that the expected change of the value of Steem is between -0.78% and 0.11% on 68 out of 100 Mondays.

Allthough the Steem decreases in value with -0.39% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Tuesdays is 0.86%. This means that the expected change of the value of Steem is between -1.24% and 0.47% on 68 out of 100 Tuesdays.

On an average Wednesday, the Steem increased 0.38%. However, since the expected deviation is 0.84%, the Steem will decline in value on a Wednesday quiet regularly. The expected price change of the Steem on a Wednesday is between -0.46% and 1.22%.

On Thursdays, the Steem decreases in value on average with -0.92%. On most of the Thursdays the Steem decreases in value between -2.83% and 0.98%. The uncertainty (1.90%) is higher than the average decline percentage (-0.92%). 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 0.27%. 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 (0.67%). This means that on 68 percent of the Fridays, the change in price of the Steem is expected to be in the range of -0.40% and 0.95%.

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 -0.24%. However, the standard deviation on this weekday is 0.39%. This means that on most Saturdays, the change in value of the Steem is between -0.62% and 0.15%.

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
Sunday-0.06%0.54%-0.60% to 0.47%
Monday-0.33%0.45%-0.78% to 0.11%
Tuesday-0.39%0.86%-1.24% to 0.47%
Wednesday0.38%0.84%-0.46% to 1.22%
Thursday-0.92%1.90%-2.83% to 0.98%
Friday0.27%0.67%-0.40% to 0.95%
Saturday-0.24%0.39%-0.62% to 0.15%