ICON (ICX)

Current price: $ 0.84

24 hours price change: $ 0.01 (1.74%)

Daily analysis of ICON (ICX) - 6 months

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 6 months, starting on January 26th, 2021 to July 26th, 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 01/26/2021 and 07/26/2021.

According to the performance of ICON between January 26th, 2021 and July 26th, 2021, ICON performed the best on Wednesdays. On average, the price of ICON increased 1.78% on Wednesday.

The weekday on which the ICON performed the worst, is Friday. On Fridays, the ICON declined in value on average by -0.58%.

ICON weekday performance

It is hard to tell whether the ICON will increase or decrease in value on an average Sunday. The average change on a Sunday for the ICON is -0.03%. However, the standard deviation on this weekday is 2.59%. This means that on most Sundays, the change in value of the ICON is between -2.61% and 2.56%.

On an average Monday the ICON shows an increase in value of 1.38%. However, the change of ICON on most of the Mondays is between -2.54% and 5.30%. Therefore it is hard to tell whether an average Monday is a good day to start buying ICONs.

On an average Tuesday, the ICON increased 0.33%. However, since the expected deviation is 4.46%, the ICON will decline in value on a Tuesday quiet regularly. The expected price change of the ICON on a Tuesday is between -4.13% and 4.78%.

On an average Wednesday the ICON shows an increase in value of 1.78%. However, the change of ICON on most of the Wednesdays is between -2.87% and 6.43%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying ICONs.

Allthough the ICON decreases in value with -0.39% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of ICON on Thursdays is 2.35%. This means that the expected change of the value of ICON is between -2.75% and 1.96% on 68 out of 100 Thursdays.

Allthough the ICON decreases in value with -0.58% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of ICON on Fridays is 4.89%. This means that the expected change of the value of ICON is between -5.47% and 4.31% on 68 out of 100 Fridays.

On an average Saturday, the ICON increased 0.53%. However, since the expected deviation is 4.16%, the ICON will decline in value on a Saturday quiet regularly. The expected price change of the ICON on a Saturday is between -3.63% and 4.70%.

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 -0.03% 2.59% -2.61% to 2.56%
Monday 1.38% 3.92% -2.54% to 5.30%
Tuesday 0.33% 4.46% -4.13% to 4.78%
Wednesday 1.78% 4.65% -2.87% to 6.43%
Thursday -0.39% 2.35% -2.75% to 1.96%
Friday -0.58% 4.89% -5.47% to 4.31%
Saturday 0.53% 4.16% -3.63% to 4.70%
 

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