Metal (MTL)

Current price: $ 1.79

24 hours price change: $ -0.04 (-2.30%)

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 July 19th, 2021 to January 19th, 2022.

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 07/19/2021 and 01/19/2022.

According to the performance of Metal between July 19th, 2021 and January 19th, 2022, Metal performed the best on Tuesdays. On average, the price of Metal increased 2.69% on Tuesday.

The weekday on which the Metal performed the worst, is Monday. On Mondays, the Metal declined in value on average by -0.29%.

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 -0.25%. However, the standard deviation on this weekday is 1.02%. This means that on most Sundays, the change in value of the Metal is between -1.27% and 0.76%.

It is hard to tell whether the Metal will increase or decrease in value on an average Monday. The average change on a Monday for the Metal is -0.29%. However, the standard deviation on this weekday is 1.58%. This means that on most Mondays, the change in value of the Metal is between -1.88% and 1.29%.

On an average Tuesday the Metal shows an increase in value of 2.69%. However, the change of Metal on most of the Tuesdays is between -12.55% and 17.94%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Metals.

Metal increased in value on an average Wednesday only slightly. The average increase in value of the Metal was 0.30%. 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 (2.03%). This means that on 68 percent of the Wednesdays, the change in price of the Metal is expected to be in the range of -1.73% and 2.32%.

Metal increased in value on an average Thursday only slightly. The average increase in value of the Metal was 0.20%. 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 (3.23%). This means that on 68 percent of the Thursdays, the change in price of the Metal is expected to be in the range of -3.04% and 3.43%.

Metal increased in value on an average Friday only slightly. The average increase in value of the Metal was 0.14%. 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 (1.25%). This means that on 68 percent of the Fridays, the change in price of the Metal is expected to be in the range of -1.11% and 1.40%.

On an average Saturday, the Metal increased 0.30%. However, since the expected deviation is 1.55%, the Metal will decline in value on a Saturday quiet regularly. The expected price change of the Metal on a Saturday is between -1.25% and 1.86%.

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 -0.25% 1.02% -1.27% to 0.76%
Monday -0.29% 1.58% -1.88% to 1.29%
Tuesday 2.69% 15.25% -12.55% to 17.94%
Wednesday 0.30% 2.03% -1.73% to 2.32%
Thursday 0.20% 3.23% -3.04% to 3.43%
Friday 0.14% 1.25% -1.11% to 1.40%
Saturday 0.30% 1.55% -1.25% to 1.86%
 

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