TRON (TRX)

Current price: $ 0.01

24 hours price change: $ 0.0003 (2.19%)

Daily analysis of TRON (TRX) - 1 year

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 year, starting on December 9th, 2017 to December 8th, 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 12/09/2017 and 12/08/2018.

According to the performance of TRON between December 9th, 2017 and December 8th, 2018, TRON performed the best on Tuesdays. On average, the price of TRON increased 3.56% on Tuesday.

The weekday on which the TRON performed the worst, is Sunday. On Sundays, the TRON declined in value on average by -0.67%.

TRON weekday performance

On Sundays, the TRON decreases in value on average with -0.67%. On most of the Sundays the TRON decreases in value between -9.97% and 8.62%. The uncertainty (9.30%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the TRON on Sundays is large.

On an average Monday the TRON shows an increase in value of 1.91%. However, the change of TRON on most of the Mondays is between -12.12% and 15.94%. 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 3.56% 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 16.18%. This means that the expected range of value change for the TRON is -12.62% and 19.74% on 68% of the Tuesdays.

On an average Wednesday the TRON shows an increase in value of 1.61%. However, the change of TRON on most of the Wednesdays is between -12.86% and 16.08%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying TRONs.

Allthough the TRON decreases in value with -0.54% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Thursdays is 8.23%. This means that the expected change of the value of TRON is between -8.77% and 7.69% on 68 out of 100 Thursdays.

On an average Friday the TRON shows an increase in value of 2.07%. However, the change of TRON on most of the Fridays is between -13.26% and 17.41%. Therefore it is hard to tell whether an average Friday is a good day to start buying TRONs.

On an average Saturday, the TRON increased 0.52%. However, since the expected deviation is 7.52%, the TRON will decline in value on a Saturday quiet regularly. The expected price change of the TRON on a Saturday is between -7.01% and 8.04%.

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-0.67%9.30%-9.97% to 8.62%
Monday1.91%14.03%-12.12% to 15.94%
Tuesday3.56%16.18%-12.62% to 19.74%
Wednesday1.61%14.47%-12.86% to 16.08%
Thursday-0.54%8.23%-8.77% to 7.69%
Friday2.07%15.34%-13.26% to 17.41%
Saturday0.52%7.52%-7.01% to 8.04%