Steem (STEEM)

Current price: $ 0.22

24 hours price change: $ -0.008077 (-3.58%)

Daily analysis of Steem (STEEM) - 6 months

The performance of Steem regarding the price differs every day. To make the best decision to buy Steem, we are analysis in this article the performance of Steem on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on March 28th, 2022 to September 28th, 2022.

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

Average daily change in price of Steem per weekday between 03/28/2022 and 09/28/2022.

According to the performance of Steem between March 28th, 2022 and September 28th, 2022, Steem performed the best on Sundays. On average, the price of Steem increased 0.12% on Sunday.

The weekday on which the Steem performed the worst, is Saturday. On Saturdays, the Steem declined in value on average by -0.63%.

Steem weekday performance

Steem increased in value on an average Sunday only slightly. The average increase in value of the Steem was 0.12%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.42%). This means that on 68 percent of the Sundays, the change in price of the Steem is expected to be in the range of -0.30% and 0.54%.

Steem increased in value on an average Monday only slightly. The average increase in value of the Steem was 0.04%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.25%). This means that on 68 percent of the Mondays, the change in price of the Steem is expected to be in the range of -0.21% and 0.30%.

Steem increased in value on an average Tuesday only slightly. The average increase in value of the Steem was 0.03%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.18%). This means that on 68 percent of the Tuesdays, the change in price of the Steem is expected to be in the range of -0.15% and 0.21%.

Steem increased in value on an average Wednesday only slightly. The average increase in value of the Steem was 0.07%. Allthough the Steem closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.30%). This means that on 68 percent of the Wednesdays, the change in price of the Steem is expected to be in the range of -0.23% and 0.37%.

Allthough the Steem decreases in value with -0.59% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Steem on Thursdays is 2.37%. This means that the expected change of the value of Steem is between -2.96% and 1.78% on 68 out of 100 Thursdays.

It is hard to tell whether the Steem will increase or decrease in value on an average Friday. The average change on a Friday for the Steem is -0.08%. However, the standard deviation on this weekday is 0.81%. This means that on most Fridays, the change in value of the Steem is between -0.89% and 0.73%.

On Saturdays, the Steem decreases in value on average with -0.63%. On most of the Saturdays the Steem decreases in value between -3.88% and 2.62%. The uncertainty (3.25%) is higher than the average decline percentage (-0.63%). Therefore, expected range of price changes of the Steem on Saturdays is large.

Steem weekday performance details

Find below the details of the performance of Steem 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 0.12% 0.42% -0.30% to 0.54%
Monday 0.04% 0.25% -0.21% to 0.30%
Tuesday 0.03% 0.18% -0.15% to 0.21%
Wednesday 0.07% 0.30% -0.23% to 0.37%
Thursday -0.59% 2.37% -2.96% to 1.78%
Friday -0.08% 0.81% -0.89% to 0.73%
Saturday -0.63% 3.25% -3.88% to 2.62%
 

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