ICON (ICX)

Current price: $ 1.34

24 hours price change: $ 1.34 (inf%)

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 January 28th, 2021 to February 25th, 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 01/28/2021 and 02/25/2021.

According to the performance of ICON between January 28th, 2021 and February 25th, 2021, ICON performed the best on Saturdays. On average, the price of ICON increased 3.68% on Saturday.

The weekday on which the ICON performed the worst, is Sunday. On Sundays, the ICON declined in value on average by -2.34%.

ICON weekday performance

The ICON declines in value on an average Sunday with -2.34%. However, the uncertainty (or standard deviation) is quite large, namely 0.85%. This means that it is not possible to say whether on a regular Sunday the ICON will increase or decrease in value.

On Mondays, the ICON decreases in value on average with -0.86%. On most of the Mondays the ICON decreases in value between -3.56% and 1.83%. The uncertainty (2.70%) is higher than the average decline percentage (-0.86%). Therefore, expected range of price changes of the ICON on Mondays is large.

It is hard to tell whether the ICON will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the ICON is -0.22%. However, the standard deviation on this weekday is 2.24%. This means that on most Tuesdays, the change in value of the ICON is between -2.46% and 2.02%.

On Wednesdays, the ICON decreases in value on average with -0.82%. On most of the Wednesdays the ICON decreases in value between -1.36% and -0.29%. The uncertainty (0.53%) is higher than the average decline percentage (-0.82%). Therefore, expected range of price changes of the ICON on Wednesdays is large.

On an average Thursday, the ICON increased 0.31%. However, since the expected deviation is 2.56%, the ICON will decline in value on a Thursday quiet regularly. The expected price change of the ICON on a Thursday is between -2.25% and 2.86%.

On Fridays, the ICON decreases in value on average with -0.92%. On most of the Fridays the ICON decreases in value between -3.63% and 1.79%. The uncertainty (2.71%) is higher than the average decline percentage (-0.92%). Therefore, expected range of price changes of the ICON on Fridays is large.

The increase in value of the ICON is 3.68% on an average Saturday. However, the uncertainty on the average change is high for the ICON on Saturdays. This is the reason why an expected increase of the ICON on an average Saturday cannot be predicted. The standard deviation for ICON on Saturdays is high, namely 8.81%. This means that the expected range of value change for the ICON is -5.13% and 12.49% on 68% of the Saturdays.

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 -2.34% 0.85% -3.19% to -1.49%
Monday -0.86% 2.70% -3.56% to 1.83%
Tuesday -0.22% 2.24% -2.46% to 2.02%
Wednesday -0.82% 0.53% -1.36% to -0.29%
Thursday 0.31% 2.56% -2.25% to 2.86%
Friday -0.92% 2.71% -3.63% to 1.79%
Saturday 3.68% 8.81% -5.13% to 12.49%
 

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