ICON (ICX)

Current price: $ 2.51

24 hours price change: $ 0.09 (3.70%)

Daily analysis of ICON (ICX) - 1 month

The performance of ICON regarding the price differs every day. To make the best decision to buy ICON, we are analysis in this article the performance of ICON on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 11th, 2021 to May 11th, 2021.

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

Average daily change in price of ICON per weekday between 04/11/2021 and 05/11/2021.

According to the performance of ICON between April 11th, 2021 and May 11th, 2021, ICON performed the best on Tuesdays. On average, the price of ICON increased 3.45% on Tuesday.

The weekday on which the ICON performed the worst, is Thursday. On Thursdays, the ICON declined in value on average by -0.27%.

ICON weekday performance

ICON increased in value on an average Sunday only slightly. The average increase in value of the ICON was 0.02%. Allthough the ICON closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.03%). This means that on 68 percent of the Sundays, the change in price of the ICON is expected to be in the range of -0.02% and 0.05%.

The increase in value of the ICON is 3.04% on an average Monday. However, the uncertainty on the average change is high for the ICON on Mondays. This is the reason why an expected increase of the ICON on an average Monday cannot be predicted. The standard deviation for ICON on Mondays is high, namely 6.06%. This means that the expected range of value change for the ICON is -3.02% and 9.09% on 68% of the Mondays.

The increase in value of the ICON is 3.45% on an average Tuesday. However, the uncertainty on the average change is high for the ICON on Tuesdays. This is the reason why an expected increase of the ICON on an average Tuesday cannot be predicted. The standard deviation for ICON on Tuesdays is high, namely 6.74%. This means that the expected range of value change for the ICON is -3.29% and 10.19% on 68% of the Tuesdays.

Historical performance on Wednesday do not show an increase in value of the ICON on which a prediction can be made. The ICON increased in value on average on an average Wednesday with 0.70%. However, the uncertainty of this increase is high. The expected change in value of the ICON on a Wednesday is between -0.49% and 1.89% (see also the table below).

It is hard to tell whether the ICON will increase or decrease in value on an average Thursday. The average change on a Thursday for the ICON is -0.27%. However, the standard deviation on this weekday is 0.45%. This means that on most Thursdays, the change in value of the ICON is between -0.72% and 0.17%.

On an average Friday the ICON shows an increase in value of 2.53%. However, the change of ICON on most of the Fridays is between -1.90% and 6.97%. Therefore it is hard to tell whether an average Friday is a good day to start buying ICONs.

ICON increased in value on an average Saturday only slightly. The average increase in value of the ICON was 0.03%. Allthough the ICON closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.05%). This means that on 68 percent of the Saturdays, the change in price of the ICON is expected to be in the range of -0.02% and 0.08%.

ICON weekday performance details

Find below the details of the performance of ICON 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% 0.03% -0.02% to 0.05%
Monday 3.04% 6.06% -3.02% to 9.09%
Tuesday 3.45% 6.74% -3.29% to 10.19%
Wednesday 0.70% 1.19% -0.49% to 1.89%
Thursday -0.27% 0.45% -0.72% to 0.17%
Friday 2.53% 4.44% -1.90% to 6.97%
Saturday 0.03% 0.05% -0.02% to 0.08%
 

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