Ren (REN)

Current price: $ 0.32

24 hours price change: $ -0.02 (-7.07%)

Daily analysis of Ren (REN) - 1 month

The performance of Ren regarding the price differs every day. To make the best decision to buy Ren, we are analysis in this article the performance of Ren on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on June 25th, 2021 to July 25th, 2021.

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

Average daily change in price of Ren per weekday between 06/25/2021 and 07/25/2021.

According to the performance of Ren between June 25th, 2021 and July 25th, 2021, Ren performed the best on Tuesdays. On average, the price of Ren increased 1.81% on Tuesday.

The weekday on which the Ren performed the worst, is Friday. On Fridays, the Ren declined in value on average by -0.72%.

Ren weekday performance

Historical performance on Sunday do not show an increase in value of the Ren on which a prediction can be made. The Ren increased in value on average on an average Sunday with 0.84%. However, the uncertainty of this increase is high. The expected change in value of the Ren on a Sunday is between -0.96% and 2.63% (see also the table below).

On an average Monday, the Ren increased 0.50%. However, since the expected deviation is 1.03%, the Ren will decline in value on a Monday quiet regularly. The expected price change of the Ren on a Monday is between -0.53% and 1.52%.

On an average Tuesday the Ren shows an increase in value of 1.81%. However, the change of Ren on most of the Tuesdays is between -0.91% and 4.54%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Rens.

Allthough the Ren decreases in value with -0.54% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Ren on Wednesdays is 0.92%. This means that the expected change of the value of Ren is between -1.46% and 0.37% on 68 out of 100 Wednesdays.

It is hard to tell whether the Ren will increase or decrease in value on an average Thursday. The average change on a Thursday for the Ren is -0.09%. However, the standard deviation on this weekday is 0.13%. This means that on most Thursdays, the change in value of the Ren is between -0.22% and 0.04%.

On Fridays, the Ren decreases in value on average with -0.72%. On most of the Fridays the Ren decreases in value between -2.14% and 0.71%. The uncertainty (1.42%) is higher than the average decline percentage (-0.72%). Therefore, expected range of price changes of the Ren on Fridays is large.

It is hard to tell whether the Ren will increase or decrease in value on an average Saturday. The average change on a Saturday for the Ren is -0.28%. However, the standard deviation on this weekday is 0.63%. This means that on most Saturdays, the change in value of the Ren is between -0.90% and 0.35%.

Ren weekday performance details

Find below the details of the performance of Ren 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 0.84% 1.80% -0.96% to 2.63%
Monday 0.50% 1.03% -0.53% to 1.52%
Tuesday 1.81% 2.73% -0.91% to 4.54%
Wednesday -0.54% 0.92% -1.46% to 0.37%
Thursday -0.09% 0.13% -0.22% to 0.04%
Friday -0.72% 1.42% -2.14% to 0.71%
Saturday -0.28% 0.63% -0.90% to 0.35%
 

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