TRON (TRX)

Current price: $ 0.05

24 hours price change: $ 0.001892 (3.70%)

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 9th, 2021 to March 9th, 2021.

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 02/09/2021 and 03/09/2021.

According to the performance of TRON between February 9th, 2021 and March 9th, 2021, TRON performed the best on Saturdays. On average, the price of TRON increased 2.21% on Saturday.

The weekday on which the TRON performed the worst, is Monday. On Mondays, the TRON declined in value on average by -1.94%.

TRON weekday performance

The TRON declines in value on an average Sunday with -1.13%. However, the uncertainty (or standard deviation) is quite large, namely 1.68%. This means that it is not possible to say whether on a regular Sunday the TRON will increase or decrease in value.

The TRON declines in value on an average Monday with -1.94%. However, the uncertainty (or standard deviation) is quite large, namely 3.22%. This means that it is not possible to say whether on a regular Monday the TRON will increase or decrease in value.

TRON increased in value on an average Tuesday only slightly. The average increase in value of the TRON was 0.15%. 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 (2.16%). This means that on 68 percent of the Tuesdays, the change in price of the TRON is expected to be in the range of -2.01% and 2.31%.

On Wednesdays, the TRON decreases in value on average with -0.87%. On most of the Wednesdays the TRON decreases in value between -2.05% and 0.30%. The uncertainty (1.17%) is higher than the average decline percentage (-0.87%). Therefore, expected range of price changes of the TRON on Wednesdays is large.

On an average Thursday the TRON shows an increase in value of 1.44%. However, the change of TRON on most of the Thursdays is between -0.15% and 3.02%. Therefore it is hard to tell whether an average Thursday is a good day to start buying TRONs.

It is hard to tell whether the TRON will increase or decrease in value on an average Friday. The average change on a Friday for the TRON is -0.14%. However, the standard deviation on this weekday is 2.57%. This means that on most Fridays, the change in value of the TRON is between -2.71% and 2.43%.

On an average Saturday the TRON shows an increase in value of 2.21%. However, the change of TRON on most of the Saturdays is between -2.06% and 6.48%. Therefore it is hard to tell whether an average Saturday is a good day to start buying TRONs.

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 -1.13% 1.68% -2.82% to 0.55%
Monday -1.94% 3.22% -5.16% to 1.27%
Tuesday 0.15% 2.16% -2.01% to 2.31%
Wednesday -0.87% 1.17% -2.05% to 0.30%
Thursday 1.44% 1.58% -0.15% to 3.02%
Friday -0.14% 2.57% -2.71% to 2.43%
Saturday 2.21% 4.27% -2.06% to 6.48%
 

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