Chainlink (LINK)

Current price: $ 4.76

24 hours price change: $ 0.15 (3.28%)

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 January 2nd, 2020 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 01/02/2020 and 07/01/2020.

According to the performance of Chainlink between January 2nd, 2020 and July 1st, 2020, Chainlink performed the best on Tuesdays. On average, the price of Chainlink increased 0.15% on Tuesday.

The weekday on which the Chainlink performed the worst, is Wednesday. On Wednesdays, the Chainlink declined in value on average by -0.39%.

Chainlink weekday performance

It is hard to tell whether the Chainlink will increase or decrease in value on an average Sunday. The average change on a Sunday for the Chainlink is -0.03%. However, the standard deviation on this weekday is 1.27%. This means that on most Sundays, the change in value of the Chainlink is between -1.31% and 1.24%.

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 -0.02%. However, the standard deviation on this weekday is 0.60%. This means that on most Mondays, the change in value of the Chainlink is between -0.62% and 0.58%.

Chainlink increased in value on an average Tuesday only slightly. The average increase in value of the Chainlink was 0.15%. 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 (0.89%). This means that on 68 percent of the Tuesdays, the change in price of the Chainlink is expected to be in the range of -0.74% and 1.04%.

Allthough the Chainlink decreases in value with -0.39% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Chainlink on Wednesdays is 1.53%. This means that the expected change of the value of Chainlink is between -1.92% and 1.14% on 68 out of 100 Wednesdays.

Chainlink increased in value on an average Thursday only slightly. The average increase in value of the Chainlink was 0.01%. 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 (0.92%). This means that on 68 percent of the Thursdays, the change in price of the Chainlink is expected to be in the range of -0.91% and 0.93%.

It is hard to tell whether the Chainlink will increase or decrease in value on an average Friday. The average change on a Friday for the Chainlink is -0.02%. However, the standard deviation on this weekday is 0.98%. This means that on most Fridays, the change in value of the Chainlink is between -1.00% and 0.96%.

It is hard to tell whether the Chainlink will increase or decrease in value on an average Saturday. The average change on a Saturday for the Chainlink is -0.10%. However, the standard deviation on this weekday is 0.71%. This means that on most Saturdays, the change in value of the Chainlink is between -0.81% and 0.61%.

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 -0.03% 1.27% -1.31% to 1.24%
Monday -0.02% 0.60% -0.62% to 0.58%
Tuesday 0.15% 0.89% -0.74% to 1.04%
Wednesday -0.39% 1.53% -1.92% to 1.14%
Thursday 0.01% 0.92% -0.91% to 0.93%
Friday -0.02% 0.98% -1.00% to 0.96%
Saturday -0.10% 0.71% -0.81% to 0.61%
 

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