TRON (TRX)

Current price: $ 0.03

24 hours price change: $ -0.0009 (-3.58%)

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 February 19th, 2019.

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 02/19/2019.

According to the performance of TRON between October 9th, 2017 and February 19th, 2019, TRON performed the best on Tuesdays. On average, the price of TRON increased 4.32% on Tuesday.

The weekday on which the TRON performed the worst, is Sunday. On Sundays, the TRON declined in value on average by -0.33%.

TRON weekday performance

Allthough the TRON decreases in value with -0.33% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Sundays is 9.32%. This means that the expected change of the value of TRON is between -9.65% and 8.99% on 68 out of 100 Sundays.

On an average Monday the TRON shows an increase in value of 2.19%. However, the change of TRON on most of the Mondays is between -11.50% and 15.88%. 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 4.32% 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 18.42%. This means that the expected range of value change for the TRON is -14.10% and 22.74% on 68% of the Tuesdays.

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 -0.06%. However, the standard deviation on this weekday is 13.40%. This means that on most Wednesdays, the change in value of the TRON is between -13.45% and 13.34%.

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 -0.12%. However, the standard deviation on this weekday is 7.94%. This means that on most Thursdays, the change in value of the TRON is between -8.06% and 7.82%.

On an average Friday the TRON shows an increase in value of 2.35%. However, the change of TRON on most of the Fridays is between -11.66% and 16.35%. 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 -0.08%. However, the standard deviation on this weekday is 8.20%. This means that on most Saturdays, the change in value of the TRON is between -8.28% and 8.12%.

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-0.33%9.32%-9.65% to 8.99%
Monday2.19%13.69%-11.50% to 15.88%
Tuesday4.32%18.42%-14.10% to 22.74%
Wednesday-0.06%13.40%-13.45% to 13.34%
Thursday-0.12%7.94%-8.06% to 7.82%
Friday2.35%14.01%-11.66% to 16.35%
Saturday-0.08%8.20%-8.28% to 8.12%