Elastos (ELA)

Current price: $ 8.02

24 hours price change: $ -0.04 (-0.51%)

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 April 6th, 2021 to May 6th, 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 04/06/2021 and 05/06/2021.

According to the performance of Elastos between April 6th, 2021 and May 6th, 2021, Elastos performed the best on Mondays. On average, the price of Elastos increased 3.39% on Monday.

The weekday on which the Elastos performed the worst, is Friday. On Fridays, the Elastos declined in value on average by -0.01%.

Elastos weekday performance

Elastos increased in value on an average Sunday only slightly. The average increase in value of the Elastos was 0.08%. 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 (0.12%). This means that on 68 percent of the Sundays, the change in price of the Elastos is expected to be in the range of -0.04% and 0.20%.

The increase in value of the Elastos is 3.39% on an average Monday. However, the uncertainty on the average change is high for the Elastos on Mondays. This is the reason why an expected increase of the Elastos on an average Monday cannot be predicted. The standard deviation for Elastos on Mondays is high, namely 5.73%. This means that the expected range of value change for the Elastos is -2.33% and 9.12% on 68% of the Mondays.

Historical performance on Tuesday do not show an increase in value of the Elastos on which a prediction can be made. The Elastos increased in value on average on an average Tuesday with 0.71%. However, the uncertainty of this increase is high. The expected change in value of the Elastos on a Tuesday is between -0.49% and 1.90% (see also the table below).

Elastos increased in value on an average Wednesday only slightly. The average increase in value of the Elastos was 0.21%. 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 (0.43%). This means that on 68 percent of the Wednesdays, the change in price of the Elastos is expected to be in the range of -0.22% and 0.63%.

On an average Thursday the Elastos shows an increase in value of 2.52%. However, the change of Elastos on most of the Thursdays is between -2.04% and 7.08%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Elastoss.

It is hard to tell whether the Elastos will increase or decrease in value on an average Friday. The average change on a Friday for the Elastos is -0.01%. However, the standard deviation on this weekday is 0.15%. This means that on most Fridays, the change in value of the Elastos is between -0.16% and 0.14%.

It is hard to tell whether the Elastos will increase or decrease in value on an average Saturday. The average change on a Saturday for the Elastos is 0.00%. However, the standard deviation on this weekday is 0.10%. This means that on most Saturdays, the change in value of the Elastos is between -0.11% and 0.10%.

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% 0.12% -0.04% to 0.20%
Monday 3.39% 5.73% -2.33% to 9.12%
Tuesday 0.71% 1.20% -0.49% to 1.90%
Wednesday 0.21% 0.43% -0.22% to 0.63%
Thursday 2.52% 4.56% -2.04% to 7.08%
Friday -0.01% 0.15% -0.16% to 0.14%
Saturday 0.00% 0.10% -0.11% to 0.10%
 

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