TRON (TRX)

Current price: $ 0.02

24 hours price change: $ -0.000320 (-1.55%)

Daily analysis of TRON (TRX) - all

The performance of TRON regarding the price differs every day. To make the best decision to buy TRON, we are analysis in this article the performance of TRON on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on October 9th, 2017 to August 7th, 2020.

In the barchart below, the weekdays and average performance of TRON are shown side by side.

Average daily change in price of TRON per weekday between 10/09/2017 and 08/07/2020.

According to the performance of TRON between October 9th, 2017 and August 7th, 2020, TRON performed the best on Tuesdays. On average, the price of TRON increased 2.07% on Tuesday.

The weekday on which the TRON performed the worst, is Sunday. On Sundays, the TRON declined in value on average by -0.12%.

TRON weekday performance

It is hard to tell whether the TRON will increase or decrease in value on an average Sunday. The average change on a Sunday for the TRON is -0.12%. However, the standard deviation on this weekday is 6.55%. This means that on most Sundays, the change in value of the TRON is between -6.66% and 6.43%.

Historical performance on Monday do not show an increase in value of the TRON on which a prediction can be made. The TRON increased in value on average on an average Monday with 0.97%. However, the uncertainty of this increase is high. The expected change in value of the TRON on a Monday is between -8.67% and 10.61% (see also the table below).

On an average Tuesday the TRON shows an increase in value of 2.07%. However, the change of TRON on most of the Tuesdays is between -10.97% and 15.12%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying TRONs.

It is hard to tell whether the TRON will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the TRON is -0.08%. However, the standard deviation on this weekday is 9.29%. This means that on most Wednesdays, the change in value of the TRON is between -9.38% and 9.21%.

TRON increased in value on an average Thursday only slightly. The average increase in value of the TRON was 0.04%. Allthough the TRON closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.55%). This means that on 68 percent of the Thursdays, the change in price of the TRON is expected to be in the range of -5.51% and 5.58%.

On an average Friday the TRON shows an increase in value of 1.11%. However, the change of TRON on most of the Fridays is between -8.68% and 10.91%. Therefore it is hard to tell whether an average Friday is a good day to start buying TRONs.

It is hard to tell whether the TRON will increase or decrease in value on an average Saturday. The average change on a Saturday for the TRON is -0.01%. However, the standard deviation on this weekday is 5.74%. This means that on most Saturdays, the change in value of the TRON is between -5.75% and 5.74%.

TRON weekday performance details

Find below the details of the performance of TRON 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% 6.55% -6.66% to 6.43%
Monday 0.97% 9.64% -8.67% to 10.61%
Tuesday 2.07% 13.05% -10.97% to 15.12%
Wednesday -0.08% 9.29% -9.38% to 9.21%
Thursday 0.04% 5.55% -5.51% to 5.58%
Friday 1.11% 9.79% -8.68% to 10.91%
Saturday -0.01% 5.74% -5.75% to 5.74%
 

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