VeChain (VEN)

Current price: $ 7.59

24 hours price change: $ 0.58 (8.32%)

Daily analysis of VeChain (VEN) - 1 month

The performance of VeChain regarding the price differs every day. To make the best decision to buy VeChain, we are analysis in this article the performance of VeChain on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 6th, 2021 to March 6th, 2021.

In the barchart below, the weekdays and average performance of VeChain are shown side by side.

Average daily change in price of VeChain per weekday between 02/06/2021 and 03/06/2021.

According to the performance of VeChain between February 6th, 2021 and March 6th, 2021, VeChain performed the best on Thursdays. On average, the price of VeChain increased 1.10% on Thursday.

The weekday on which the VeChain performed the worst, is Friday. On Fridays, the VeChain declined in value on average by -1.36%.

VeChain weekday performance

Allthough the VeChain decreases in value with -0.40% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of VeChain on Sundays is 1.15%. This means that the expected change of the value of VeChain is between -1.55% and 0.75% on 68 out of 100 Sundays.

On Mondays, the VeChain decreases in value on average with -0.96%. On most of the Mondays the VeChain decreases in value between -2.82% and 0.91%. The uncertainty (1.86%) is higher than the average decline percentage (-0.96%). Therefore, expected range of price changes of the VeChain on Mondays is large.

VeChain increased in value on an average Tuesday only slightly. The average increase in value of the VeChain was 0.16%. Allthough the VeChain closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.85%). This means that on 68 percent of the Tuesdays, the change in price of the VeChain is expected to be in the range of -0.69% and 1.01%.

VeChain increased in value on an average Wednesday only slightly. The average increase in value of the VeChain was 0.15%. Allthough the VeChain closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.07%). This means that on 68 percent of the Wednesdays, the change in price of the VeChain is expected to be in the range of -0.92% and 1.23%.

On an average Thursday the VeChain shows a high increase in value, namely 1.10%. The standard deviation is below the average increase percentage (standard deviation is 0.64%), meaning that on 68% of the Thursdays the VeChain will increase with a percentage between 0.46% and 1.73%. This also means that, on average, on 16 percent of the Thursdays, the VeChain will increase with a percentage above this range. On the other 16% of the Thursdays, the VeChain will change with a percentage below the 0.46%.

The VeChain declines in value on an average Friday with -1.36%. However, the uncertainty (or standard deviation) is quite large, namely 1.75%. This means that it is not possible to say whether on a regular Friday the VeChain will increase or decrease in value.

It is hard to tell whether the VeChain will increase or decrease in value on an average Saturday. The average change on a Saturday for the VeChain is -0.16%. However, the standard deviation on this weekday is 0.69%. This means that on most Saturdays, the change in value of the VeChain is between -0.86% and 0.53%.

VeChain weekday performance details

Find below the details of the performance of VeChain 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 -0.40% 1.15% -1.55% to 0.75%
Monday -0.96% 1.86% -2.82% to 0.91%
Tuesday 0.16% 0.85% -0.69% to 1.01%
Wednesday 0.15% 1.07% -0.92% to 1.23%
Thursday 1.10% 0.64% 0.46% to 1.73%
Friday -1.36% 1.75% -3.11% to 0.39%
Saturday -0.16% 0.69% -0.86% to 0.53%
 

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