TRON (TRX)

Current price: $ 0.03

24 hours price change: $ 0.0013 (5.42%)

Daily analysis of TRON (TRX) - 1 month

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 1 month, starting on January 18th, 2019 to February 17th, 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 01/18/2019 and 02/17/2019.

According to the performance of TRON between January 18th, 2019 and February 17th, 2019, TRON performed the best on Wednesdays. On average, the price of TRON increased 0.49% on Wednesday.

The weekday on which the TRON performed the worst, is Tuesday. On Tuesdays, the TRON declined in value on average by -0.47%.

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 -0.26%. However, the standard deviation on this weekday is 0.62%. This means that on most Sundays, the change in value of the TRON is between -0.88% and 0.35%.

TRON increased in value on an average Monday only slightly. The average increase in value of the TRON was 0.05%. 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 (1.42%). This means that on 68 percent of the Mondays, the change in price of the TRON is expected to be in the range of -1.37% and 1.46%.

Allthough the TRON decreases in value with -0.47% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Tuesdays is 1.60%. This means that the expected change of the value of TRON is between -2.06% and 1.13% on 68 out of 100 Tuesdays.

On an average Wednesday, the TRON increased 0.49%. However, since the expected deviation is 0.49%, the TRON will decline in value on a Wednesday quiet regularly. The expected price change of the TRON on a Wednesday is between 0.00% and 0.98%.

Allthough the TRON decreases in value with -0.36% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Thursdays is 0.40%. This means that the expected change of the value of TRON is between -0.76% and 0.04% on 68 out of 100 Thursdays.

TRON increased in value on an average Friday only slightly. The average increase in value of the TRON was 0.14%. 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 (0.84%). This means that on 68 percent of the Fridays, the change in price of the TRON is expected to be in the range of -0.70% and 0.98%.

Allthough the TRON decreases in value with -0.39% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Saturdays is 0.76%. This means that the expected change of the value of TRON is between -1.15% and 0.37% on 68 out of 100 Saturdays.

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-0.26%0.62%-0.88% to 0.35%
Monday0.05%1.42%-1.37% to 1.46%
Tuesday-0.47%1.60%-2.06% to 1.13%
Wednesday0.49%0.49%0.00% to 0.98%
Thursday-0.36%0.40%-0.76% to 0.04%
Friday0.14%0.84%-0.70% to 0.98%
Saturday-0.39%0.76%-1.15% to 0.37%