Chainlink (LINK)

Current price: $ 4.74

24 hours price change: $ 0.03 (0.72%)

Daily analysis of Chainlink (LINK) - all

The performance of Chainlink regarding the price differs every day. To make the best decision to buy Chainlink, we are analysis in this article the performance of Chainlink on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on September 20th, 2017 to July 1st, 2020.

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

Average daily change in price of Chainlink per weekday between 09/20/2017 and 07/01/2020.

According to the performance of Chainlink between September 20th, 2017 and July 1st, 2020, Chainlink performed the best on Fridays. On average, the price of Chainlink increased 0.89% on Friday.

The weekday on which the Chainlink performed the worst, is Saturday. On Saturdays, the Chainlink rose in value on average by 0.04%. The price still increased on Saturdays, allthough it was the smallest increase of all days on average.

Chainlink weekday performance

Chainlink increased in value on an average Sunday only slightly. The average increase in value of the Chainlink was 0.23%. Allthough the Chainlink closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (4.72%). This means that on 68 percent of the Sundays, the change in price of the Chainlink is expected to be in the range of -4.49% and 4.95%.

Historical performance on Monday do not show an increase in value of the Chainlink on which a prediction can be made. The Chainlink increased in value on average on an average Monday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the Chainlink on a Monday is between -6.09% and 7.58% (see also the table below).

Chainlink increased in value on an average Tuesday only slightly. The average increase in value of the Chainlink was 0.12%. Allthough the Chainlink closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.09%). This means that on 68 percent of the Tuesdays, the change in price of the Chainlink is expected to be in the range of -4.97% and 5.22%.

On an average Wednesday, the Chainlink increased 0.49%. However, since the expected deviation is 6.66%, the Chainlink will decline in value on a Wednesday quiet regularly. The expected price change of the Chainlink on a Wednesday is between -6.17% and 7.15%.

Chainlink increased in value on an average Thursday only slightly. The average increase in value of the Chainlink was 0.06%. Allthough the Chainlink closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.22%). This means that on 68 percent of the Thursdays, the change in price of the Chainlink is expected to be in the range of -6.16% and 6.28%.

Historical performance on Friday do not show an increase in value of the Chainlink on which a prediction can be made. The Chainlink increased in value on average on an average Friday with 0.89%. However, the uncertainty of this increase is high. The expected change in value of the Chainlink on a Friday is between -6.30% and 8.09% (see also the table below).

Chainlink increased in value on an average Saturday only slightly. The average increase in value of the Chainlink was 0.04%. Allthough the Chainlink closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.66%). This means that on 68 percent of the Saturdays, the change in price of the Chainlink is expected to be in the range of -5.62% and 5.70%.

Chainlink weekday performance details

Find below the details of the performance of Chainlink 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 0.23% 4.72% -4.49% to 4.95%
Monday 0.74% 6.83% -6.09% to 7.58%
Tuesday 0.12% 5.09% -4.97% to 5.22%
Wednesday 0.49% 6.66% -6.17% to 7.15%
Thursday 0.06% 6.22% -6.16% to 6.28%
Friday 0.89% 7.20% -6.30% to 8.09%
Saturday 0.04% 5.66% -5.62% to 5.70%
 

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