TRON (TRX)

Current price: $ 0.02

24 hours price change: $ -0.000064 (-0.38%)

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 October 19th, 2019 to November 18th, 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 10/19/2019 and 11/18/2019.

According to the performance of TRON between October 19th, 2019 and November 18th, 2019, TRON performed the best on Sundays. On average, the price of TRON increased 1.70% on Sunday.

The weekday on which the TRON performed the worst, is Tuesday. On Tuesdays, the TRON declined in value on average by -0.25%.

TRON weekday performance

On an average Sunday the TRON shows an increase in value of 1.70%. However, the change of TRON on most of the Sundays is between -2.14% and 5.54%. Therefore it is hard to tell whether an average Sunday is a good day to start buying TRONs.

On an average Monday, the TRON increased 0.44%. However, since the expected deviation is 0.93%, the TRON will decline in value on a Monday quiet regularly. The expected price change of the TRON on a Monday is between -0.49% and 1.37%.

It is hard to tell whether the TRON will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the TRON is -0.25%. However, the standard deviation on this weekday is 0.31%. This means that on most Tuesdays, the change in value of the TRON is between -0.56% and 0.06%.

On an average Wednesday, the TRON increased 0.55%. However, since the expected deviation is 0.84%, the TRON will decline in value on a Wednesday quiet regularly. The expected price change of the TRON on a Wednesday is between -0.29% and 1.38%.

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 -0.06%. However, the standard deviation on this weekday is 0.65%. This means that on most Thursdays, the change in value of the TRON is between -0.71% and 0.59%.

Historical performance on Friday 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 Friday with 0.75%. However, the uncertainty of this increase is high. The expected change in value of the TRON on a Friday is between -0.07% and 1.56% (see also the table below).

The average increase of the TRON on an average Saturday is 0.43%. This is a small increase, however, the expected change of the TRON in 95% of the Saturdays is -0.19% and 1.04%. This means that only on 2.5% (or slightly over 1 Saturday per year) the expected change of the TRON is below -0.19%. On the other hand, you would not have to expect that the change on a single Saturday will be above 1.04%. This will also only happen on 2.5% of the Saturdays. On 68% of the Saturdays, the increase of the TRON will be in the range of 0.12% 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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 1.70% 3.84% -2.14% to 5.54%
Monday 0.44% 0.93% -0.49% to 1.37%
Tuesday -0.25% 0.31% -0.56% to 0.06%
Wednesday 0.55% 0.84% -0.29% to 1.38%
Thursday -0.06% 0.65% -0.71% to 0.59%
Friday 0.75% 0.82% -0.07% to 1.56%
Saturday 0.43% 0.31% 0.12% to 0.74%