TRON (TRX)

Current price: $ 0.09

24 hours price change: $ -0.006106 (-6.13%)

Daily analysis of TRON (TRX) - 6 months

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 6 months, starting on May 27th, 2021 to November 27th, 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 05/27/2021 and 11/27/2021.

According to the performance of TRON between May 27th, 2021 and November 27th, 2021, TRON performed the best on Wednesdays. On average, the price of TRON increased 0.71% on Wednesday.

The weekday on which the TRON performed the worst, is Friday. On Fridays, the TRON declined in value on average by -0.34%.

TRON weekday performance

On an average Sunday, the TRON increased 0.38%. However, since the expected deviation is 1.09%, the TRON will decline in value on a Sunday quiet regularly. The expected price change of the TRON on a Sunday is between -0.71% and 1.47%.

TRON increased in value on an average Monday only slightly. The average increase in value of the TRON was 0.17%. 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 (1.45%). This means that on 68 percent of the Mondays, the change in price of the TRON is expected to be in the range of -1.28% and 1.62%.

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 -0.23%. However, the standard deviation on this weekday is 2.48%. This means that on most Tuesdays, the change in value of the TRON is between -2.71% and 2.24%.

Historical performance on Wednesday 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 Wednesday with 0.71%. However, the uncertainty of this increase is high. The expected change in value of the TRON on a Wednesday is between -1.88% and 3.31% (see also the table below).

TRON increased in value on an average Thursday only slightly. The average increase in value of the TRON was 0.22%. 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 (3.60%). This means that on 68 percent of the Thursdays, the change in price of the TRON is expected to be in the range of -3.38% and 3.82%.

Allthough the TRON decreases in value with -0.34% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Fridays is 2.43%. This means that the expected change of the value of TRON is between -2.77% and 2.09% 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 0.02%. 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 (1.00%). This means that on 68 percent of the Saturdays, the change in price of the TRON is expected to be in the range of -0.98% and 1.02%.

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 0.38% 1.09% -0.71% to 1.47%
Monday 0.17% 1.45% -1.28% to 1.62%
Tuesday -0.23% 2.48% -2.71% to 2.24%
Wednesday 0.71% 2.59% -1.88% to 3.31%
Thursday 0.22% 3.60% -3.38% to 3.82%
Friday -0.34% 2.43% -2.77% to 2.09%
Saturday 0.02% 1.00% -0.98% to 1.02%
 

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