TRON (TRX)

Current price: $ 0.13

24 hours price change: $ -0.003926 (-2.84%)

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 March 19th, 2021 to April 19th, 2021.

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 03/19/2021 and 04/19/2021.

According to the performance of TRON between March 19th, 2021 and April 19th, 2021, TRON performed the best on Wednesdays. On average, the price of TRON increased 10.39% on Wednesday.

The weekday on which the TRON performed the worst, is Monday. On Mondays, the TRON declined in value on average by -0.15%.

TRON weekday performance

On an average Sunday, the TRON increased 0.49%. However, since the expected deviation is 1.04%, the TRON will decline in value on a Sunday quiet regularly. The expected price change of the TRON on a Sunday is between -0.54% and 1.53%.

It is hard to tell whether the TRON will increase or decrease in value on an average Monday. The average change on a Monday for the TRON is -0.15%. However, the standard deviation on this weekday is 1.39%. This means that on most Mondays, the change in value of the TRON is between -1.54% and 1.24%.

Historical performance on Tuesday 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 Tuesday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the TRON on a Tuesday is between 0.00% and 1.81% (see also the table below).

The increase in value of the TRON is 10.39% on an average Wednesday. However, the uncertainty on the average change is high for the TRON on Wednesdays. This is the reason why an expected increase of the TRON on an average Wednesday cannot be predicted. The standard deviation for TRON on Wednesdays is high, namely 17.67%. This means that the expected range of value change for the TRON is -7.29% and 28.06% on 68% of the Wednesdays.

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 -0.13%. However, the standard deviation on this weekday is 0.31%. This means that on most Thursdays, the change in value of the TRON is between -0.44% and 0.18%.

The increase in value of the TRON is 3.28% on an average Friday. However, the uncertainty on the average change is high for the TRON on Fridays. This is the reason why an expected increase of the TRON on an average Friday cannot be predicted. The standard deviation for TRON on Fridays is high, namely 6.70%. This means that the expected range of value change for the TRON is -3.42% and 9.98% on 68% of the Fridays.

On an average Saturday, the TRON increased 0.54%. However, since the expected deviation is 1.86%, the TRON will decline in value on a Saturday quiet regularly. The expected price change of the TRON on a Saturday is between -1.32% and 2.40%.

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 0.49% 1.04% -0.54% to 1.53%
Monday -0.15% 1.39% -1.54% to 1.24%
Tuesday 0.90% 0.91% 0.00% to 1.81%
Wednesday 10.39% 17.67% -7.29% to 28.06%
Thursday -0.13% 0.31% -0.44% to 0.18%
Friday 3.28% 6.70% -3.42% to 9.98%
Saturday 0.54% 1.86% -1.32% to 2.40%
 

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