TRON (TRX)

Current price: $ 0.01

24 hours price change: $ 0.0001 (0.97%)

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 December 12th, 2018.

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 12/12/2018.

According to the performance of TRON between October 9th, 2017 and December 12th, 2018, TRON performed the best on Tuesdays. On average, the price of TRON increased 4.94% on Tuesday.

The weekday on which the TRON performed the worst, is Sunday. On Sundays, the TRON declined in value on average by -0.46%.

TRON weekday performance

Allthough the TRON decreases in value with -0.46% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Sundays is 10.02%. This means that the expected change of the value of TRON is between -10.49% and 9.56% on 68 out of 100 Sundays.

On an average Monday the TRON shows an increase in value of 2.65%. However, the change of TRON on most of the Mondays is between -11.99% and 17.28%. Therefore it is hard to tell whether an average Monday is a good day to start buying TRONs.

The increase in value of the TRON is 4.94% on an average Tuesday. However, the uncertainty on the average change is high for the TRON on Tuesdays. This is the reason why an expected increase of the TRON on an average Tuesday cannot be predicted. The standard deviation for TRON on Tuesdays is high, namely 19.74%. This means that the expected range of value change for the TRON is -14.80% and 24.68% on 68% of the Tuesdays.

TRON increased in value on an average Wednesday only slightly. The average increase in value of the TRON was 0.09%. 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 (14.29%). This means that on 68 percent of the Wednesdays, the change in price of the TRON is expected to be in the range of -14.20% and 14.38%.

It is hard to tell whether the TRON will increase or decrease in value on an average Thursday. The average change on a Thursday for the TRON is -0.18%. However, the standard deviation on this weekday is 8.51%. This means that on most Thursdays, the change in value of the TRON is between -8.69% and 8.34%.

On an average Friday the TRON shows an increase in value of 2.78%. However, the change of TRON on most of the Fridays is between -12.28% and 17.84%. 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 -0.06%. However, the standard deviation on this weekday is 8.83%. This means that on most Saturdays, the change in value of the TRON is between -8.89% and 8.77%.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.46%10.02%-10.49% to 9.56%
Monday2.65%14.63%-11.99% to 17.28%
Tuesday4.94%19.74%-14.80% to 24.68%
Wednesday0.09%14.29%-14.20% to 14.38%
Thursday-0.18%8.51%-8.69% to 8.34%
Friday2.78%15.06%-12.28% to 17.84%
Saturday-0.06%8.83%-8.89% to 8.77%