Steem (STEEM)

Current price: $ 0.24

24 hours price change: $ 0.001399 (0.59%)

Daily analysis of Steem (STEEM) - 6 months

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 6 months, starting on November 29th, 2021 to May 29th, 2022.

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 11/29/2021 and 05/29/2022.

According to the performance of Steem between November 29th, 2021 and May 29th, 2022, Steem performed the best on Sundays. On average, the price of Steem increased 0.12% on Sunday.

The weekday on which the Steem performed the worst, is Thursday. On Thursdays, the Steem declined in value on average by -1.00%.

Steem weekday performance

Steem increased in value on an average Sunday only slightly. The average increase in value of the Steem was 0.12%. 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 (1.02%). This means that on 68 percent of the Sundays, the change in price of the Steem is expected to be in the range of -0.90% and 1.14%.

Allthough the Steem decreases in value with -0.42% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Mondays is 2.65%. This means that the expected change of the value of Steem is between -3.07% and 2.23% on 68 out of 100 Mondays.

On Tuesdays, the Steem decreases in value on average with -0.79%. On most of the Tuesdays the Steem decreases in value between -2.94% and 1.37%. The uncertainty (2.15%) is higher than the average decline percentage (-0.79%). Therefore, expected range of price changes of the Steem on Tuesdays is large.

Steem increased in value on an average Wednesday only slightly. The average increase in value of the Steem was 0.09%. 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 (1.14%). This means that on 68 percent of the Wednesdays, the change in price of the Steem is expected to be in the range of -1.04% and 1.23%.

The Steem declines in value on an average Thursday with -1.00%. However, the uncertainty (or standard deviation) is quite large, namely 2.85%. This means that it is not possible to say whether on a regular Thursday the Steem will increase or decrease in value.

Allthough the Steem decreases in value with -0.56% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Fridays is 1.22%. This means that the expected change of the value of Steem is between -1.79% and 0.66% on 68 out of 100 Fridays.

Allthough the Steem decreases in value with -0.38% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Saturdays is 3.46%. This means that the expected change of the value of Steem is between -3.84% and 3.08% 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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.12% 1.02% -0.90% to 1.14%
Monday -0.42% 2.65% -3.07% to 2.23%
Tuesday -0.79% 2.15% -2.94% to 1.37%
Wednesday 0.09% 1.14% -1.04% to 1.23%
Thursday -1.00% 2.85% -3.85% to 1.85%
Friday -0.56% 1.22% -1.79% to 0.66%
Saturday -0.38% 3.46% -3.84% to 3.08%
 

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