Chainlink (LINK)

Current price: $ 27.76

24 hours price change: $ -0.47 (-1.66%)

Daily analysis of Chainlink (LINK) - 6 months

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 6 months, starting on August 25th, 2020 to February 25th, 2021.

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 08/25/2020 and 02/25/2021.

According to the performance of Chainlink between August 25th, 2020 and February 25th, 2021, Chainlink performed the best on Fridays. On average, the price of Chainlink increased 1.32% on Friday.

The weekday on which the Chainlink performed the worst, is Monday. On Mondays, the Chainlink declined in value on average by -0.67%.

Chainlink weekday performance

Chainlink increased in value on an average Sunday 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 (2.02%). This means that on 68 percent of the Sundays, the change in price of the Chainlink is expected to be in the range of -1.96% and 2.08%.

On Mondays, the Chainlink decreases in value on average with -0.67%. On most of the Mondays the Chainlink decreases in value between -3.26% and 1.92%. The uncertainty (2.59%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the Chainlink on Mondays is large.

Allthough the Chainlink decreases in value with -0.40% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Chainlink on Tuesdays is 2.68%. This means that the expected change of the value of Chainlink is between -3.08% and 2.28% on 68 out of 100 Tuesdays.

Allthough the Chainlink decreases in value with -0.53% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Chainlink on Wednesdays is 3.65%. This means that the expected change of the value of Chainlink is between -4.18% and 3.11% on 68 out of 100 Wednesdays.

Historical performance on Thursday 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 Thursday with 0.75%. However, the uncertainty of this increase is high. The expected change in value of the Chainlink on a Thursday is between -2.75% and 4.24% (see also the table below).

On an average Friday the Chainlink shows an increase in value of 1.32%. However, the change of Chainlink on most of the Fridays is between -1.85% and 4.48%. Therefore it is hard to tell whether an average Friday is a good day to start buying Chainlinks.

On an average Saturday, the Chainlink increased 0.40%. However, since the expected deviation is 2.63%, the Chainlink will decline in value on a Saturday quiet regularly. The expected price change of the Chainlink on a Saturday is between -2.23% and 3.03%.

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 0.06% 2.02% -1.96% to 2.08%
Monday -0.67% 2.59% -3.26% to 1.92%
Tuesday -0.40% 2.68% -3.08% to 2.28%
Wednesday -0.53% 3.65% -4.18% to 3.11%
Thursday 0.75% 3.49% -2.75% to 4.24%
Friday 1.32% 3.17% -1.85% to 4.48%
Saturday 0.40% 2.63% -2.23% to 3.03%
 

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