Metal (MTL)

Current price: $ 1.63

24 hours price change: $ -0.03 (-1.69%)

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 January 25th, 2021 to July 25th, 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 01/25/2021 and 07/25/2021.

According to the performance of Metal between January 25th, 2021 and July 25th, 2021, Metal performed the best on Mondays. On average, the price of Metal increased 8.99% on Monday.

The weekday on which the Metal performed the worst, is Friday. On Fridays, the Metal declined in value on average by -0.55%.

Metal weekday performance

On an average Sunday the Metal shows an increase in value of 1.38%. However, the change of Metal on most of the Sundays is between -2.60% and 5.35%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Metals.

The increase in value of the Metal is 8.99% on an average Monday. However, the uncertainty on the average change is high for the Metal on Mondays. This is the reason why an expected increase of the Metal on an average Monday cannot be predicted. The standard deviation for Metal on Mondays is high, namely 41.36%. This means that the expected range of value change for the Metal is -32.37% and 50.35% on 68% of the Mondays.

On an average Tuesday, the Metal increased 0.37%. However, since the expected deviation is 4.88%, the Metal will decline in value on a Tuesday quiet regularly. The expected price change of the Metal on a Tuesday is between -4.51% and 5.25%.

Historical performance on Wednesday 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 Wednesday with 0.87%. However, the uncertainty of this increase is high. The expected change in value of the Metal on a Wednesday is between -4.52% and 6.26% (see also the table below).

On an average Thursday the Metal shows an increase in value of 1.85%. However, the change of Metal on most of the Thursdays is between -4.72% and 8.43%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Metals.

Allthough the Metal decreases in value with -0.55% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Metal on Fridays is 4.08%. This means that the expected change of the value of Metal is between -4.64% and 3.53% on 68 out of 100 Fridays.

On an average Saturday the Metal shows an increase in value of 1.63%. However, the change of Metal on most of the Saturdays is between -4.50% and 7.75%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Metals.

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 1.38% 3.98% -2.60% to 5.35%
Monday 8.99% 41.36% -32.37% to 50.35%
Tuesday 0.37% 4.88% -4.51% to 5.25%
Wednesday 0.87% 5.39% -4.52% to 6.26%
Thursday 1.85% 6.58% -4.72% to 8.43%
Friday -0.55% 4.08% -4.64% to 3.53%
Saturday 1.63% 6.13% -4.50% to 7.75%
 

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