Metal (MTL)

Current price: $ 1.30

24 hours price change: $ -0.01 (-0.86%)

Daily analysis of Metal (MTL) - 6 months

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 6 months, starting on September 4th, 2020 to March 4th, 2021.

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 09/04/2020 and 03/04/2021.

According to the performance of Metal between September 4th, 2020 and March 4th, 2021, Metal performed the best on Thursdays. On average, the price of Metal increased 2.22% on Thursday.

The weekday on which the Metal performed the worst, is Tuesday. On Tuesdays, the Metal declined in value on average by -0.87%.

Metal weekday performance

On an average Sunday, the Metal increased 0.44%. However, since the expected deviation is 3.63%, the Metal will decline in value on a Sunday quiet regularly. The expected price change of the Metal on a Sunday is between -3.19% and 4.07%.

On an average Monday the Metal shows an increase in value of 1.13%. However, the change of Metal on most of the Mondays is between -7.81% and 10.08%. Therefore it is hard to tell whether an average Monday is a good day to start buying Metals.

On Tuesdays, the Metal decreases in value on average with -0.87%. On most of the Tuesdays the Metal decreases in value between -3.85% and 2.11%. The uncertainty (2.98%) is higher than the average decline percentage (-0.87%). Therefore, expected range of price changes of the Metal on Tuesdays is large.

On an average Wednesday, the Metal increased 0.54%. However, since the expected deviation is 4.91%, the Metal will decline in value on a Wednesday quiet regularly. The expected price change of the Metal on a Wednesday is between -4.38% and 5.45%.

On an average Thursday the Metal shows an increase in value of 2.22%. However, the change of Metal on most of the Thursdays is between -4.37% and 8.80%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Metals.

Metal increased in value on an average Friday only slightly. The average increase in value of the Metal was 0.03%. 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 (2.86%). This means that on 68 percent of the Fridays, the change in price of the Metal is expected to be in the range of -2.83% and 2.89%.

Historical performance on Saturday do not show an increase in value of the Metal on which a prediction can be made. The Metal increased in value on average on an average Saturday with 0.73%. However, the uncertainty of this increase is high. The expected change in value of the Metal on a Saturday is between -5.06% and 6.53% (see also the table below).

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 0.44% 3.63% -3.19% to 4.07%
Monday 1.13% 8.95% -7.81% to 10.08%
Tuesday -0.87% 2.98% -3.85% to 2.11%
Wednesday 0.54% 4.91% -4.38% to 5.45%
Thursday 2.22% 6.59% -4.37% to 8.80%
Friday 0.03% 2.86% -2.83% to 2.89%
Saturday 0.73% 5.79% -5.06% to 6.53%
 

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