ICON (ICX)

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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 22nd, 2024 to May 17th, 2024.

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 04/22/2024 and 05/17/2024.

According to the performance of ICON between April 22nd, 2024 and May 17th, 2024, ICON performed the best on Saturdays. On average, the price of ICON increased 0.33% on Saturday.

The weekday on which the ICON performed the worst, is Tuesday. On Tuesdays, the ICON declined in value on average by -1.56%.

ICON weekday performance

The ICON declines in value on an average Sunday with -1.08%. However, the uncertainty (or standard deviation) is quite large, namely 1.62%. This means that it is not possible to say whether on a regular Sunday the ICON will increase or decrease in value.

It is hard to tell whether the ICON will increase or decrease in value on an average Monday. The average change on a Monday for the ICON is -0.10%. However, the standard deviation on this weekday is 0.22%. This means that on most Mondays, the change in value of the ICON is between -0.32% and 0.12%.

The ICON declines in value on an average Tuesday with -1.56%. However, the uncertainty (or standard deviation) is quite large, namely 2.62%. This means that it is not possible to say whether on a regular Tuesday the ICON will increase or decrease in value.

It is hard to tell whether the ICON will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the ICON is -0.04%. However, the standard deviation on this weekday is 0.06%. This means that on most Wednesdays, the change in value of the ICON is between -0.10% and 0.01%.

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 -0.04%. However, the standard deviation on this weekday is 0.07%. This means that on most Thursdays, the change in value of the ICON is between -0.11% and 0.03%.

It is hard to tell whether the ICON will increase or decrease in value on an average Friday. The average change on a Friday for the ICON is -0.27%. However, the standard deviation on this weekday is 0.40%. This means that on most Fridays, the change in value of the ICON is between -0.67% and 0.12%.

On an average Saturday, the ICON increased 0.33%. However, since the expected deviation is 0.52%, the ICON will decline in value on a Saturday quiet regularly. The expected price change of the ICON on a Saturday is between -0.18% and 0.85%.

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 -1.08% 1.62% -2.70% to 0.55%
Monday -0.10% 0.22% -0.32% to 0.12%
Tuesday -1.56% 2.62% -4.19% to 1.06%
Wednesday -0.04% 0.06% -0.10% to 0.01%
Thursday -0.04% 0.07% -0.11% to 0.03%
Friday -0.27% 0.40% -0.67% to 0.12%
Saturday 0.33% 0.52% -0.18% to 0.85%
 

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