Elastos (ELA)

Current price: $ 3.35

24 hours price change: $ -0.43 (-11.38%)

Daily analysis of Elastos (ELA) - 1 month

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 1 month, starting on February 5th, 2024 to March 5th, 2024.

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 02/05/2024 and 03/05/2024.

According to the performance of Elastos between February 5th, 2024 and March 5th, 2024, Elastos performed the best on Fridays. On average, the price of Elastos increased 1.07% on Friday.

The weekday on which the Elastos performed the worst, is Tuesday. On Tuesdays, the Elastos declined in value on average by -1.45%.

Elastos weekday performance

The Elastos will almost not change or only slightly increase in value on an average Sunday. The average change of the Elastos on Sundays is 0.26%. The standard deviation of the Elastos is 0.07%, which means that in 68% of the Sundays, the range of the change of the Elastos is 0.20% and 0.33%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

On an average Monday, the Elastos increased 0.33%. However, since the expected deviation is 2.26%, the Elastos will decline in value on a Monday quiet regularly. The expected price change of the Elastos on a Monday is between -1.93% and 2.59%.

The Elastos declines in value on an average Tuesday with -1.45%. However, the uncertainty (or standard deviation) is quite large, namely 0.92%. This means that it is not possible to say whether on a regular Tuesday the Elastos will increase or decrease in value.

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 -0.11%. However, the standard deviation on this weekday is 0.35%. This means that on most Wednesdays, the change in value of the Elastos is between -0.47% and 0.24%.

Allthough the Elastos decreases in value with -0.56% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Elastos on Thursdays is 0.85%. This means that the expected change of the value of Elastos is between -1.41% and 0.29% on 68 out of 100 Thursdays.

On an average Friday the Elastos shows an increase in value of 1.07%. However, the change of Elastos on most of the Fridays is between -1.67% and 3.82%. Therefore it is hard to tell whether an average Friday is a good day to start buying Elastoss.

The expected range of change of the Elastos for an average Saturday is between 0.24% and 1.58%. This is the result of an average increase in value of 0.91% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 0.26% 0.07% 0.20% to 0.33%
Monday 0.33% 2.26% -1.93% to 2.59%
Tuesday -1.45% 0.92% -2.38% to -0.53%
Wednesday -0.11% 0.35% -0.47% to 0.24%
Thursday -0.56% 0.85% -1.41% to 0.29%
Friday 1.07% 2.74% -1.67% to 3.82%
Saturday 0.91% 0.67% 0.24% to 1.58%
 

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