Decred (DCR)

Current price: $ 51.04

24 hours price change: $ -5.14 (-9.15%)

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 December 24th, 2021 to January 24th, 2022.

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 12/24/2021 and 01/24/2022.

According to the performance of Decred between December 24th, 2021 and January 24th, 2022, Decred performed the best on Saturdays. On average, the price of Decred increased 1.27% on Saturday.

The weekday on which the Decred performed the worst, is Tuesday. On Tuesdays, the Decred declined in value on average by -0.69%.

Decred weekday performance

Historical performance on Sunday 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 Sunday with 0.96%. However, the uncertainty of this increase is high. The expected change in value of the Decred on a Sunday is between -0.70% and 2.61% (see also the table below).

It is hard to tell whether the Decred will increase or decrease in value on an average Monday. The average change on a Monday for the Decred is -0.18%. However, the standard deviation on this weekday is 0.60%. This means that on most Mondays, the change in value of the Decred is between -0.78% and 0.42%.

On Tuesdays, the Decred decreases in value on average with -0.69%. On most of the Tuesdays the Decred decreases in value between -1.70% and 0.31%. The uncertainty (1.00%) is higher than the average decline percentage (-0.69%). Therefore, expected range of price changes of the Decred on Tuesdays is large.

Decred increased in value on an average Wednesday only slightly. The average increase in value of the Decred was 0.07%. Allthough the Decred closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.39%). This means that on 68 percent of the Wednesdays, the change in price of the Decred is expected to be in the range of -0.33% and 0.46%.

On an average Thursday, the Decred increased 0.39%. However, since the expected deviation is 0.48%, the Decred will decline in value on a Thursday quiet regularly. The expected price change of the Decred on a Thursday is between -0.09% and 0.86%.

It is hard to tell whether the Decred will increase or decrease in value on an average Friday. The average change on a Friday for the Decred is -0.16%. However, the standard deviation on this weekday is 1.51%. This means that on most Fridays, the change in value of the Decred is between -1.67% and 1.36%.

On an average Saturday the Decred shows a high increase in value, namely 1.27%. The standard deviation is below the average increase percentage (standard deviation is 1.19%), meaning that on 68% of the Saturdays the Decred will increase with a percentage between 0.08% and 2.46%. This also means that, on average, on 16 percent of the Saturdays, the Decred will increase with a percentage above this range. On the other 16% of the Saturdays, the Decred will change with a percentage below the 0.08%.

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 0.96% 1.65% -0.70% to 2.61%
Monday -0.18% 0.60% -0.78% to 0.42%
Tuesday -0.69% 1.00% -1.70% to 0.31%
Wednesday 0.07% 0.39% -0.33% to 0.46%
Thursday 0.39% 0.48% -0.09% to 0.86%
Friday -0.16% 1.51% -1.67% to 1.36%
Saturday 1.27% 1.19% 0.08% to 2.46%
 

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