Steem (STEEM)

Current price: $ 0.24

24 hours price change: $ -0.001884 (-0.77%)

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 June 21st, 2019 to July 20th, 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 06/21/2019 and 07/20/2019.

According to the performance of Steem between June 21st, 2019 and July 20th, 2019, Steem performed the best on Sundays. On average, the price of Steem increased 0.52% on Sunday.

The weekday on which the Steem performed the worst, is Friday. On Fridays, the Steem declined in value on average by -0.40%.

Steem weekday performance

On an average Sunday, the Steem increased 0.52%. However, since the expected deviation is 0.58%, the Steem will decline in value on a Sunday quiet regularly. The expected price change of the Steem on a Sunday is between -0.06% and 1.09%.

Steem increased in value on an average Monday only slightly. The average increase in value of the Steem was 0.10%. 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 Mondays, the change in price of the Steem is expected to be in the range of -0.33% and 0.53%.

The average increase of the Steem on an average Tuesday is 0.32%. This is a small increase, however, the expected change of the Steem in 95% of the Tuesdays is -0.30% and 0.94%. This means that only on 2.5% (or slightly over 1 Tuesday per year) the expected change of the Steem is below -0.30%. On the other hand, you would not have to expect that the change on a single Tuesday will be above 0.94%. This will also only happen on 2.5% of the Tuesdays. On 68% of the Tuesdays, the increase of the Steem will be in the range of 0.01% and 0.63%.

It is hard to tell whether the Steem will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Steem is -0.13%. However, the standard deviation on this weekday is 0.19%. This means that on most Wednesdays, the change in value of the Steem is between -0.32% and 0.06%.

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 -0.09%. However, the standard deviation on this weekday is 0.42%. This means that on most Thursdays, the change in value of the Steem is between -0.51% and 0.33%.

Allthough the Steem decreases in value with -0.40% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Fridays is 0.81%. This means that the expected change of the value of Steem is between -1.22% and 0.41% on 68 out of 100 Fridays.

Allthough the Steem decreases in value with -0.32% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Saturdays is 0.34%. This means that the expected change of the value of Steem is between -0.66% and 0.03% 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.52%0.58%-0.06% to 1.09%
Monday0.10%0.43%-0.33% to 0.53%
Tuesday0.32%0.31%0.01% to 0.63%
Wednesday-0.13%0.19%-0.32% to 0.06%
Thursday-0.09%0.42%-0.51% to 0.33%
Friday-0.40%0.81%-1.22% to 0.41%
Saturday-0.32%0.34%-0.66% to 0.03%