Steem (STEEM)

Current price: $ 0.22

24 hours price change: $ 0.002824 (1.31%)

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 February 8th, 2020 to August 7th, 2020.

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 02/08/2020 and 08/07/2020.

According to the performance of Steem between February 8th, 2020 and August 7th, 2020, Steem performed the best on Wednesdays. On average, the price of Steem increased 0.86% on Wednesday.

The weekday on which the Steem performed the worst, is Thursday. On Thursdays, the Steem declined in value on average by -0.29%.

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 -0.22%. However, the standard deviation on this weekday is 0.93%. This means that on most Sundays, the change in value of the Steem is between -1.15% and 0.72%.

Steem increased in value on an average Monday only slightly. The average increase in value of the Steem was 0.15%. 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 (1.18%). This means that on 68 percent of the Mondays, the change in price of the Steem is expected to be in the range of -1.02% and 1.33%.

Steem increased in value on an average Tuesday only slightly. The average increase in value of the Steem was 0.05%. 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 (1.34%). This means that on 68 percent of the Tuesdays, the change in price of the Steem is expected to be in the range of -1.29% and 1.39%.

Historical performance on Wednesday 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 Wednesday with 0.86%. However, the uncertainty of this increase is high. The expected change in value of the Steem on a Wednesday is between -2.53% and 4.24% (see also the table below).

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 -0.29%. However, the standard deviation on this weekday is 1.12%. This means that on most Thursdays, the change in value of the Steem is between -1.41% and 0.83%.

It is hard to tell whether the Steem will increase or decrease in value on an average Friday. The average change on a Friday for the Steem is -0.10%. However, the standard deviation on this weekday is 0.87%. This means that on most Fridays, the change in value of the Steem is between -0.97% and 0.77%.

Steem increased in value on an average Saturday 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 (0.93%). This means that on 68 percent of the Saturdays, the change in price of the Steem is expected to be in the range of -0.73% and 1.13%.

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 -0.22% 0.93% -1.15% to 0.72%
Monday 0.15% 1.18% -1.02% to 1.33%
Tuesday 0.05% 1.34% -1.29% to 1.39%
Wednesday 0.86% 3.38% -2.53% to 4.24%
Thursday -0.29% 1.12% -1.41% to 0.83%
Friday -0.10% 0.87% -0.97% to 0.77%
Saturday 0.20% 0.93% -0.73% to 1.13%
 

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