Elastos (ELA)

Current price: $ 2.19

24 hours price change: $ 0.06 (2.78%)

Daily analysis of Elastos (ELA) - 6 months

The performance of Elastos regarding the price differs every day. To make the best decision to buy Elastos, we are analysis in this article the performance of Elastos on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on January 25th, 2021 to July 25th, 2021.

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

Average daily change in price of Elastos per weekday between 01/25/2021 and 07/25/2021.

According to the performance of Elastos between January 25th, 2021 and July 25th, 2021, Elastos performed the best on Thursdays. On average, the price of Elastos increased 0.52% on Thursday.

The weekday on which the Elastos performed the worst, is Saturday. On Saturdays, the Elastos declined in value on average by -0.68%.

Elastos weekday performance

It is hard to tell whether the Elastos will increase or decrease in value on an average Sunday. The average change on a Sunday for the Elastos is -0.08%. However, the standard deviation on this weekday is 2.04%. This means that on most Sundays, the change in value of the Elastos is between -2.12% and 1.97%.

Elastos increased in value on an average Monday only slightly. The average increase in value of the Elastos was 0.10%. Allthough the Elastos closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.69%). This means that on 68 percent of the Mondays, the change in price of the Elastos is expected to be in the range of -3.59% and 3.79%.

Allthough the Elastos decreases in value with -0.34% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Elastos on Tuesdays is 2.71%. This means that the expected change of the value of Elastos is between -3.05% and 2.38% on 68 out of 100 Tuesdays.

It is hard to tell whether the Elastos will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Elastos is -0.09%. However, the standard deviation on this weekday is 3.44%. This means that on most Wednesdays, the change in value of the Elastos is between -3.53% and 3.35%.

On an average Thursday, the Elastos increased 0.52%. However, since the expected deviation is 2.97%, the Elastos will decline in value on a Thursday quiet regularly. The expected price change of the Elastos on a Thursday is between -2.45% and 3.49%.

Allthough the Elastos decreases in value with -0.60% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Elastos on Fridays is 6.76%. This means that the expected change of the value of Elastos is between -7.36% and 6.16% on 68 out of 100 Fridays.

On Saturdays, the Elastos decreases in value on average with -0.68%. On most of the Saturdays the Elastos decreases in value between -4.82% and 3.46%. The uncertainty (4.14%) is higher than the average decline percentage (-0.68%). Therefore, expected range of price changes of the Elastos on Saturdays is large.

Elastos weekday performance details

Find below the details of the performance of Elastos 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 -0.08% 2.04% -2.12% to 1.97%
Monday 0.10% 3.69% -3.59% to 3.79%
Tuesday -0.34% 2.71% -3.05% to 2.38%
Wednesday -0.09% 3.44% -3.53% to 3.35%
Thursday 0.52% 2.97% -2.45% to 3.49%
Friday -0.60% 6.76% -7.36% to 6.16%
Saturday -0.68% 4.14% -4.82% to 3.46%
 

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