Metal (MTL)

Current price: $ 1.59

24 hours price change: $ -0.01 (-0.92%)

Daily analysis of Metal (MTL) - 1 month

The performance of Metal regarding the price differs every day. To make the best decision to buy Metal, we are analysis in this article the performance of Metal on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on January 26th, 2024 to February 26th, 2024.

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

Average daily change in price of Metal per weekday between 01/26/2024 and 02/26/2024.

According to the performance of Metal between January 26th, 2024 and February 26th, 2024, Metal performed the best on Thursdays. On average, the price of Metal increased 0.32% on Thursday.

The weekday on which the Metal performed the worst, is Wednesday. On Wednesdays, the Metal declined in value on average by -1.46%.

Metal weekday performance

It is hard to tell whether the Metal will increase or decrease in value on an average Sunday. The average change on a Sunday for the Metal is -0.10%. However, the standard deviation on this weekday is 0.57%. This means that on most Sundays, the change in value of the Metal is between -0.68% and 0.47%.

Metal increased in value on an average Monday only slightly. The average increase in value of the Metal was 0.02%. Allthough the Metal closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.85%). This means that on 68 percent of the Mondays, the change in price of the Metal is expected to be in the range of -0.84% and 0.87%.

The Metal declines in value on an average Tuesday with -1.16%. However, the uncertainty (or standard deviation) is quite large, namely 1.44%. This means that it is not possible to say whether on a regular Tuesday the Metal will increase or decrease in value.

The Metal declines in value on an average Wednesday with -1.46%. However, the uncertainty (or standard deviation) is quite large, namely 1.40%. This means that it is not possible to say whether on a regular Wednesday the Metal will increase or decrease in value.

On an average Thursday, the Metal increased 0.32%. However, since the expected deviation is 0.73%, the Metal will decline in value on a Thursday quiet regularly. The expected price change of the Metal on a Thursday is between -0.41% and 1.05%.

Allthough the Metal decreases in value with -0.46% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Metal on Fridays is 0.65%. This means that the expected change of the value of Metal is between -1.10% and 0.19% on 68 out of 100 Fridays.

It is hard to tell whether the Metal will increase or decrease in value on an average Saturday. The average change on a Saturday for the Metal is -0.11%. However, the standard deviation on this weekday is 0.71%. This means that on most Saturdays, the change in value of the Metal is between -0.83% and 0.60%.

Metal weekday performance details

Find below the details of the performance of Metal 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 -0.10% 0.57% -0.68% to 0.47%
Monday 0.02% 0.85% -0.84% to 0.87%
Tuesday -1.16% 1.44% -2.60% to 0.28%
Wednesday -1.46% 1.40% -2.85% to -0.06%
Thursday 0.32% 0.73% -0.41% to 1.05%
Friday -0.46% 0.65% -1.10% to 0.19%
Saturday -0.11% 0.71% -0.83% to 0.60%
 

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