TRON (TRX)

Current price: $ 0.03

24 hours price change: $ 0.0015 (5.52%)

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 May 24th, 2018 to May 23rd, 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 05/24/2018 and 05/23/2019.

According to the performance of TRON between May 24th, 2018 and May 23rd, 2019, TRON performed the best on Saturdays. On average, the price of TRON increased 0.14% on Saturday.

The weekday on which the TRON performed the worst, is Friday. On Fridays, the TRON declined in value on average by -0.41%.

TRON weekday performance

Allthough the TRON decreases in value with -0.33% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Sundays is 2.92%. This means that the expected change of the value of TRON is between -3.25% and 2.59% on 68 out of 100 Sundays.

Allthough the TRON decreases in value with -0.36% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Mondays is 3.28%. This means that the expected change of the value of TRON is between -3.64% and 2.93% on 68 out of 100 Mondays.

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 -0.07%. However, the standard deviation on this weekday is 3.44%. This means that on most Tuesdays, the change in value of the TRON is between -3.51% and 3.36%.

It is hard to tell whether the TRON will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the TRON is -0.21%. However, the standard deviation on this weekday is 2.21%. This means that on most Wednesdays, the change in value of the TRON is between -2.42% and 2.01%.

Allthough the TRON decreases in value with -0.40% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Thursdays is 2.12%. This means that the expected change of the value of TRON is between -2.52% and 1.72% on 68 out of 100 Thursdays.

Allthough the TRON decreases in value with -0.41% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Fridays is 2.55%. This means that the expected change of the value of TRON is between -2.96% and 2.15% on 68 out of 100 Fridays.

TRON increased in value on an average Saturday 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 (1.34%). This means that on 68 percent of the Saturdays, the change in price of the TRON is expected to be in the range of -1.20% and 1.48%.

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-0.33%2.92%-3.25% to 2.59%
Monday-0.36%3.28%-3.64% to 2.93%
Tuesday-0.07%3.44%-3.51% to 3.36%
Wednesday-0.21%2.21%-2.42% to 2.01%
Thursday-0.40%2.12%-2.52% to 1.72%
Friday-0.41%2.55%-2.96% to 2.15%
Saturday0.14%1.34%-1.20% to 1.48%