TRON (TRX)

Current price: $ 0.14

24 hours price change: $ 0.000525 (0.38%)

Daily analysis of TRON (TRX) - 1 month

The performance of TRON regarding the price differs every day. To make the best decision to buy TRON, we are analysis in this article the performance of TRON on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on February 5th, 2024 to March 5th, 2024.

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

Average daily change in price of TRON per weekday between 02/05/2024 and 03/05/2024.

According to the performance of TRON between February 5th, 2024 and March 5th, 2024, TRON performed the best on Fridays. On average, the price of TRON increased 0.23% on Friday.

The weekday on which the TRON performed the worst, is Thursday. On Thursdays, the TRON declined in value on average by -0.23%.

TRON weekday performance

It is hard to tell whether the TRON will increase or decrease in value on an average Sunday. The average change on a Sunday for the TRON is -0.02%. However, the standard deviation on this weekday is 0.13%. This means that on most Sundays, the change in value of the TRON is between -0.14% and 0.11%.

TRON increased in value on an average Monday only slightly. The average increase in value of the TRON was 0.03%. Allthough the TRON closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.08%). This means that on 68 percent of the Mondays, the change in price of the TRON is expected to be in the range of -0.04% and 0.11%.

TRON increased in value on an average Tuesday only slightly. The average increase in value of the TRON was 0.10%. Allthough the TRON closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.14%). This means that on 68 percent of the Tuesdays, the change in price of the TRON is expected to be in the range of -0.04% and 0.24%.

TRON increased in value on an average Wednesday only slightly. The average increase in value of the TRON was 0.17%. Allthough the TRON closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.65%). This means that on 68 percent of the Wednesdays, the change in price of the TRON is expected to be in the range of -0.49% and 0.82%.

It is hard to tell whether the TRON will increase or decrease in value on an average Thursday. The average change on a Thursday for the TRON is -0.23%. However, the standard deviation on this weekday is 0.63%. This means that on most Thursdays, the change in value of the TRON is between -0.85% and 0.40%.

The TRON will almost not change or only slightly increase in value on an average Friday. The average change of the TRON on Fridays is 0.23%. The standard deviation of the TRON is 0.12%, which means that in 68% of the Fridays, the range of the change of the TRON is 0.11% and 0.34%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the TRON will increase or decrease in value on an average Saturday. The average change on a Saturday for the TRON is -0.01%. However, the standard deviation on this weekday is 0.24%. This means that on most Saturdays, the change in value of the TRON is between -0.25% and 0.23%.

TRON weekday performance details

Find below the details of the performance of TRON 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% 0.13% -0.14% to 0.11%
Monday 0.03% 0.08% -0.04% to 0.11%
Tuesday 0.10% 0.14% -0.04% to 0.24%
Wednesday 0.17% 0.65% -0.49% to 0.82%
Thursday -0.23% 0.63% -0.85% to 0.40%
Friday 0.23% 0.12% 0.11% to 0.34%
Saturday -0.01% 0.24% -0.25% to 0.23%
 

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