Stellar (XLM)

Current price: $ 0.40

24 hours price change: $ 0.40 (inf%)

Daily analysis of Stellar (XLM) - 6 months

The performance of Stellar regarding the price differs every day. To make the best decision to buy Stellar, we are analysis in this article the performance of Stellar on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on August 28th, 2020 to February 25th, 2021.

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

Average daily change in price of Stellar per weekday between 08/28/2020 and 02/25/2021.

According to the performance of Stellar between August 28th, 2020 and February 25th, 2021, Stellar performed the best on Fridays. On average, the price of Stellar increased 1.48% on Friday.

The weekday on which the Stellar performed the worst, is Monday. On Mondays, the Stellar declined in value on average by -0.10%.

Stellar weekday performance

Stellar increased in value on an average Sunday only slightly. The average increase in value of the Stellar was 0.02%. Allthough the Stellar closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.97%). This means that on 68 percent of the Sundays, the change in price of the Stellar is expected to be in the range of -1.95% and 1.99%.

It is hard to tell whether the Stellar will increase or decrease in value on an average Monday. The average change on a Monday for the Stellar is -0.10%. However, the standard deviation on this weekday is 3.06%. This means that on most Mondays, the change in value of the Stellar is between -3.17% and 2.96%.

Stellar increased in value on an average Tuesday only slightly. The average increase in value of the Stellar was 0.07%. Allthough the Stellar closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.17%). This means that on 68 percent of the Tuesdays, the change in price of the Stellar is expected to be in the range of -3.09% and 3.24%.

On an average Wednesday the Stellar shows an increase in value of 1.02%. However, the change of Stellar on most of the Wednesdays is between -5.09% and 7.12%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Stellars.

Historical performance on Thursday do not show an increase in value of the Stellar on which a prediction can be made. The Stellar increased in value on average on an average Thursday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the Stellar on a Thursday is between -1.32% and 2.79% (see also the table below).

On an average Friday the Stellar shows an increase in value of 1.48%. However, the change of Stellar on most of the Fridays is between -1.63% and 4.60%. Therefore it is hard to tell whether an average Friday is a good day to start buying Stellars.

Stellar increased in value on an average Saturday only slightly. The average increase in value of the Stellar was 0.06%. Allthough the Stellar closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.27%). This means that on 68 percent of the Saturdays, the change in price of the Stellar is expected to be in the range of -2.21% and 2.33%.

Stellar weekday performance details

Find below the details of the performance of Stellar 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 0.02% 1.97% -1.95% to 1.99%
Monday -0.10% 3.06% -3.17% to 2.96%
Tuesday 0.07% 3.17% -3.09% to 3.24%
Wednesday 1.02% 6.10% -5.09% to 7.12%
Thursday 0.74% 2.05% -1.32% to 2.79%
Friday 1.48% 3.11% -1.63% to 4.60%
Saturday 0.06% 2.27% -2.21% to 2.33%
 

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