Steem (STEEM)

Current price: $ 1.19

24 hours price change: $ -0.15 (-11.02%)

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 9th, 2020 to May 9th, 2021.

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 11/09/2020 and 05/09/2021.

According to the performance of Steem between November 9th, 2020 and May 9th, 2021, Steem performed the best on Mondays. On average, the price of Steem increased 1.60% on Monday.

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

Steem weekday performance

On an average Sunday, the Steem increased 0.50%. However, since the expected deviation is 4.41%, the Steem will decline in value on a Sunday quiet regularly. The expected price change of the Steem on a Sunday is between -3.91% and 4.92%.

On an average Monday the Steem shows an increase in value of 1.60%. However, the change of Steem on most of the Mondays is between -3.70% and 6.89%. Therefore it is hard to tell whether an average Monday is a good day to start buying Steems.

On an average Tuesday the Steem shows an increase in value of 1.16%. However, the change of Steem on most of the Tuesdays is between -4.61% and 6.93%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Steems.

On Wednesdays, the Steem decreases in value on average with -0.92%. On most of the Wednesdays the Steem decreases in value between -4.46% and 2.62%. The uncertainty (3.54%) is higher than the average decline percentage (-0.92%). Therefore, expected range of price changes of the Steem on Wednesdays is large.

On an average Thursday, the Steem increased 0.37%. However, since the expected deviation is 1.92%, the Steem will decline in value on a Thursday quiet regularly. The expected price change of the Steem on a Thursday is between -1.55% and 2.29%.

On an average Friday the Steem shows an increase in value of 1.31%. However, the change of Steem on most of the Fridays is between -3.78% and 6.40%. Therefore it is hard to tell whether an average Friday is a good day to start buying Steems.

On an average Saturday, the Steem increased 0.39%. However, since the expected deviation is 3.04%, the Steem will decline in value on a Saturday quiet regularly. The expected price change of the Steem on a Saturday is between -2.66% and 3.43%.

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 0.50% 4.41% -3.91% to 4.92%
Monday 1.60% 5.30% -3.70% to 6.89%
Tuesday 1.16% 5.77% -4.61% to 6.93%
Wednesday -0.92% 3.54% -4.46% to 2.62%
Thursday 0.37% 1.92% -1.55% to 2.29%
Friday 1.31% 5.09% -3.78% to 6.40%
Saturday 0.39% 3.04% -2.66% to 3.43%
 

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