Chainlink (LINK)

Current price: $ 14.97

24 hours price change: $ -0.44 (-2.86%)

Daily analysis of Chainlink (LINK) - 1 month

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 1 month, starting on December 26th, 2021 to January 26th, 2022.

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 12/26/2021 and 01/26/2022.

According to the performance of Chainlink between December 26th, 2021 and January 26th, 2022, Chainlink performed the best on Saturdays. On average, the price of Chainlink increased 1.55% on Saturday.

The weekday on which the Chainlink performed the worst, is Tuesday. On Tuesdays, the Chainlink declined in value on average by -1.09%.

Chainlink weekday performance

Historical performance on Sunday 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 Sunday with 0.93%. However, the uncertainty of this increase is high. The expected change in value of the Chainlink on a Sunday is between -0.31% and 2.16% (see also the table below).

It is hard to tell whether the Chainlink will increase or decrease in value on an average Monday. The average change on a Monday for the Chainlink is -0.19%. However, the standard deviation on this weekday is 1.39%. This means that on most Mondays, the change in value of the Chainlink is between -1.59% and 1.20%.

The Chainlink declines in value on an average Tuesday with -1.09%. However, the uncertainty (or standard deviation) is quite large, namely 1.35%. This means that it is not possible to say whether on a regular Tuesday the Chainlink will increase or decrease in value.

On an average Wednesday the Chainlink shows an increase in value of 1.11%. However, the change of Chainlink on most of the Wednesdays is between -0.92% and 3.14%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Chainlinks.

Allthough the Chainlink decreases in value with -0.48% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Chainlink on Thursdays is 0.75%. This means that the expected change of the value of Chainlink is between -1.23% and 0.27% on 68 out of 100 Thursdays.

On Fridays, the Chainlink decreases in value on average with -0.79%. On most of the Fridays the Chainlink decreases in value between -2.49% and 0.92%. The uncertainty (1.71%) is higher than the average decline percentage (-0.79%). Therefore, expected range of price changes of the Chainlink on Fridays is large.

On an average Saturday the Chainlink shows a high increase in value, namely 1.55%. The standard deviation is below the average increase percentage (standard deviation is 1.50%), meaning that on 68% of the Saturdays the Chainlink will increase with a percentage between 0.05% and 3.06%. This also means that, on average, on 16 percent of the Saturdays, the Chainlink will increase with a percentage above this range. On the other 16% of the Saturdays, the Chainlink will change with a percentage below the 0.05%.

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 0.93% 1.24% -0.31% to 2.16%
Monday -0.19% 1.39% -1.59% to 1.20%
Tuesday -1.09% 1.35% -2.44% to 0.25%
Wednesday 1.11% 2.03% -0.92% to 3.14%
Thursday -0.48% 0.75% -1.23% to 0.27%
Friday -0.79% 1.71% -2.49% to 0.92%
Saturday 1.55% 1.50% 0.05% to 3.06%
 

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