TRON (TRX)

Current price: $ 0.07

24 hours price change: $ 0.002170 (3.27%)

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 December 13th, 2020 to June 13th, 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 12/13/2020 and 06/13/2021.

According to the performance of TRON between December 13th, 2020 and June 13th, 2021, TRON performed the best on Wednesdays. On average, the price of TRON increased 1.32% on Wednesday.

The weekday on which the TRON performed the worst, is Tuesday. On Tuesdays, the TRON rose in value on average by 0.05%. The price still increased on Tuesdays, allthough it was the smallest increase of all days on average.

TRON weekday performance

On an average Sunday, the TRON increased 0.33%. However, since the expected deviation is 2.07%, the TRON will decline in value on a Sunday quiet regularly. The expected price change of the TRON on a Sunday is between -1.74% and 2.40%.

On an average Monday, the TRON increased 0.34%. However, since the expected deviation is 3.76%, the TRON will decline in value on a Monday quiet regularly. The expected price change of the TRON on a Monday is between -3.41% and 4.10%.

TRON increased in value on an average Tuesday only slightly. The average increase in value of the TRON was 0.05%. 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 (2.07%). This means that on 68 percent of the Tuesdays, the change in price of the TRON is expected to be in the range of -2.02% and 2.12%.

On an average Wednesday the TRON shows an increase in value of 1.32%. However, the change of TRON on most of the Wednesdays is between -7.06% and 9.71%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying TRONs.

On an average Thursday, the TRON increased 0.46%. However, since the expected deviation is 2.89%, the TRON will decline in value on a Thursday quiet regularly. The expected price change of the TRON on a Thursday is between -2.43% and 3.34%.

On an average Friday, the TRON increased 0.36%. However, since the expected deviation is 4.35%, the TRON will decline in value on a Friday quiet regularly. The expected price change of the TRON on a Friday is between -3.98% and 4.71%.

On an average Saturday, the TRON increased 0.41%. However, since the expected deviation is 2.52%, the TRON will decline in value on a Saturday quiet regularly. The expected price change of the TRON on a Saturday is between -2.11% and 2.92%.

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 0.33% 2.07% -1.74% to 2.40%
Monday 0.34% 3.76% -3.41% to 4.10%
Tuesday 0.05% 2.07% -2.02% to 2.12%
Wednesday 1.32% 8.38% -7.06% to 9.71%
Thursday 0.46% 2.89% -2.43% to 3.34%
Friday 0.36% 4.35% -3.98% to 4.71%
Saturday 0.41% 2.52% -2.11% to 2.92%
 

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