Elastos (ELA)

Current price: $ 2.13

24 hours price change: $ 0.09 (4.53%)

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 June 24th, 2021 to July 24th, 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 06/24/2021 and 07/24/2021.

According to the performance of Elastos between June 24th, 2021 and July 24th, 2021, Elastos performed the best on Thursdays. On average, the price of Elastos increased 1.57% on Thursday.

The weekday on which the Elastos performed the worst, is Friday. On Fridays, the Elastos declined in value on average by -3.02%.

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 -0.02%. However, the standard deviation on this weekday is 0.06%. This means that on most Sundays, the change in value of the Elastos is between -0.08% and 0.05%.

On Mondays, the Elastos decreases in value on average with -0.97%. On most of the Mondays the Elastos decreases in value between -2.46% and 0.52%. The uncertainty (1.49%) is higher than the average decline percentage (-0.97%). Therefore, expected range of price changes of the Elastos on Mondays is large.

Elastos increased in value on an average Tuesday only slightly. The average increase in value of the Elastos was 0.19%. 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 (0.41%). This means that on 68 percent of the Tuesdays, the change in price of the Elastos is expected to be in the range of -0.22% and 0.60%.

The Elastos declines in value on an average Wednesday with -1.37%. However, the uncertainty (or standard deviation) is quite large, namely 2.30%. This means that it is not possible to say whether on a regular Wednesday the Elastos will increase or decrease in value.

On an average Thursday the Elastos shows an increase in value of 1.57%. However, the change of Elastos on most of the Thursdays is between -1.72% and 4.85%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Elastoss.

The decrease in value of the Elastos is -3.02% on an average Friday. The uncertainty of the average change is high for the Elastos on Fridays. This means that it is hard to tell whether the Elastos will decrease or increase in value on an average Friday. If we look at the 68% range of the Elastos, we see that on 68% of the Fridays, the expected change of the Elastos is between -8.69% and 2.66%.

On an average Saturday, the Elastos increased 0.43%. However, since the expected deviation is 0.79%, the Elastos will decline in value on a Saturday quiet regularly. The expected price change of the Elastos on a Saturday is between -0.36% and 1.22%.

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 -0.02% 0.06% -0.08% to 0.05%
Monday -0.97% 1.49% -2.46% to 0.52%
Tuesday 0.19% 0.41% -0.22% to 0.60%
Wednesday -1.37% 2.30% -3.67% to 0.94%
Thursday 1.57% 3.29% -1.72% to 4.85%
Friday -3.02% 5.68% -8.69% to 2.66%
Saturday 0.43% 0.79% -0.36% to 1.22%
 

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