Decred (DCR)

Current price: $ 126.25

24 hours price change: $ -7.96 (-5.93%)

Daily analysis of Decred (DCR) - 1 month

The performance of Decred regarding the price differs every day. To make the best decision to buy Decred, we are analysis in this article the performance of Decred on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 18th, 2021 to June 18th, 2021.

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

Average daily change in price of Decred per weekday between 05/18/2021 and 06/18/2021.

According to the performance of Decred between May 18th, 2021 and June 18th, 2021, Decred performed the best on Sundays. On average, the price of Decred increased 3.10% on Sunday.

The weekday on which the Decred performed the worst, is Saturday. On Saturdays, the Decred declined in value on average by -1.27%.

Decred weekday performance

The increase in value of the Decred is 3.10% on an average Sunday. However, the uncertainty on the average change is high for the Decred on Sundays. This is the reason why an expected increase of the Decred on an average Sunday cannot be predicted. The standard deviation for Decred on Sundays is high, namely 5.53%. This means that the expected range of value change for the Decred is -2.43% and 8.64% on 68% of the Sundays.

On an average Monday the Decred shows an increase in value of 2.70%. However, the change of Decred on most of the Mondays is between -1.49% and 6.89%. Therefore it is hard to tell whether an average Monday is a good day to start buying Decreds.

It is hard to tell whether the Decred will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Decred is -0.06%. However, the standard deviation on this weekday is 0.27%. This means that on most Tuesdays, the change in value of the Decred is between -0.33% and 0.21%.

Historical performance on Wednesday do not show an increase in value of the Decred on which a prediction can be made. The Decred increased in value on average on an average Wednesday with 0.86%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Wednesday is between -0.79% and 2.51% (see also the table below).

Historical performance on Thursday do not show an increase in value of the Decred on which a prediction can be made. The Decred increased in value on average on an average Thursday with 0.83%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Thursday is between -0.85% and 2.51% (see also the table below).

On Fridays, the Decred decreases in value on average with -0.77%. On most of the Fridays the Decred decreases in value between -2.52% and 0.98%. The uncertainty (1.75%) is higher than the average decline percentage (-0.77%). Therefore, expected range of price changes of the Decred on Fridays is large.

The Decred declines in value on an average Saturday with -1.27%. However, the uncertainty (or standard deviation) is quite large, namely 2.15%. This means that it is not possible to say whether on a regular Saturday the Decred will increase or decrease in value.

Decred weekday performance details

Find below the details of the performance of Decred 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 3.10% 5.53% -2.43% to 8.64%
Monday 2.70% 4.19% -1.49% to 6.89%
Tuesday -0.06% 0.27% -0.33% to 0.21%
Wednesday 0.86% 1.65% -0.79% to 2.51%
Thursday 0.83% 1.68% -0.85% to 2.51%
Friday -0.77% 1.75% -2.52% to 0.98%
Saturday -1.27% 2.15% -3.42% to 0.88%
 

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