TRON (TRX)

Current price: $ 0.02

24 hours price change: $ 0.0022 (15.27%)

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 November 19th, 2018 to December 18th, 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 11/19/2018 and 12/18/2018.

According to the performance of TRON between November 19th, 2018 and December 18th, 2018, TRON performed the best on Tuesdays. On average, the price of TRON increased 1.31% on Tuesday.

The weekday on which the TRON performed the worst, is Thursday. On Thursdays, the TRON declined in value on average by -1.90%.

TRON weekday performance

The expected range of change of the TRON for an average Sunday is between 0.08% and 1.83%. This is the result of an average increase in value of 0.95% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

On an average Monday, the TRON increased 0.51%. However, since the expected deviation is 1.06%, the TRON will decline in value on a Monday quiet regularly. The expected price change of the TRON on a Monday is between -0.55% and 1.58%.

On an average Tuesday the TRON shows an increase in value of 1.31%. However, the change of TRON on most of the Tuesdays is between -2.66% and 5.27%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying TRONs.

On an average Wednesday the TRON shows an increase in value of 1.29%. However, the change of TRON on most of the Wednesdays is between -1.32% and 3.89%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying TRONs.

The TRON declines in value on an average Thursday with -1.90%. However, the uncertainty (or standard deviation) is quite large, namely 1.87%. This means that it is not possible to say whether on a regular Thursday the TRON will increase or decrease in value.

On an average Friday the TRON shows an increase in value of 1.01%. However, the change of TRON on most of the Fridays is between -1.44% and 3.46%. 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 -0.20%. However, the standard deviation on this weekday is 0.94%. This means that on most Saturdays, the change in value of the TRON is between -1.14% and 0.74%.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.95%0.88%0.08% to 1.83%
Monday0.51%1.06%-0.55% to 1.58%
Tuesday1.31%3.96%-2.66% to 5.27%
Wednesday1.29%2.61%-1.32% to 3.89%
Thursday-1.90%1.87%-3.77% to -0.03%
Friday1.01%2.45%-1.44% to 3.46%
Saturday-0.20%0.94%-1.14% to 0.74%