TRON (TRX)

Current price: $ 0.02

24 hours price change: $ 0.0022 (15.56%)

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 June 19th, 2018 to December 18th, 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 06/19/2018 and 12/18/2018.

According to the performance of TRON between June 19th, 2018 and December 18th, 2018, TRON performed the best on Saturdays. On average, the price of TRON increased 0.41% on Saturday.

The weekday on which the TRON performed the worst, is Thursday. On Thursdays, the TRON declined in value on average by -1.10%.

TRON weekday performance

It is hard to tell whether the TRON will increase or decrease in value on an average Sunday. The average change on a Sunday for the TRON is -0.17%. However, the standard deviation on this weekday is 1.89%. This means that on most Sundays, the change in value of the TRON is between -2.06% and 1.73%.

On an average Monday, the TRON increased 0.35%. However, since the expected deviation is 2.55%, the TRON will decline in value on a Monday quiet regularly. The expected price change of the TRON on a Monday is between -2.20% and 2.89%.

TRON increased in value on an average Tuesday only slightly. The average increase in value of the TRON was 0.21%. 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 (3.96%). This means that on 68 percent of the Tuesdays, the change in price of the TRON is expected to be in the range of -3.75% and 4.17%.

TRON increased in value on an average Wednesday only slightly. The average increase in value of the TRON was 0.00%. 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 (1.53%). This means that on 68 percent of the Wednesdays, the change in price of the TRON is expected to be in the range of -1.53% and 1.53%.

The TRON declines in value on an average Thursday with -1.10%. However, the uncertainty (or standard deviation) is quite large, namely 2.05%. This means that it is not possible to say whether on a regular Thursday the TRON will increase or decrease in value.

Allthough the TRON decreases in value with -0.49% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Fridays is 3.34%. This means that the expected change of the value of TRON is between -3.83% and 2.85% on 68 out of 100 Fridays.

On an average Saturday, the TRON increased 0.41%. However, since the expected deviation is 1.09%, the TRON will decline in value on a Saturday quiet regularly. The expected price change of the TRON on a Saturday is between -0.68% and 1.51%.

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-0.17%1.89%-2.06% to 1.73%
Monday0.35%2.55%-2.20% to 2.89%
Tuesday0.21%3.96%-3.75% to 4.17%
Wednesday0.00%1.53%-1.53% to 1.53%
Thursday-1.10%2.05%-3.15% to 0.95%
Friday-0.49%3.34%-3.83% to 2.85%
Saturday0.41%1.09%-0.68% to 1.51%