TRON (TRX)

Current price: $ 0.05

24 hours price change: $ 0.001341 (2.70%)

Daily analysis of TRON (TRX) - 6 months

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 6 months, starting on September 4th, 2020 to March 4th, 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 09/04/2020 and 03/04/2021.

According to the performance of TRON between September 4th, 2020 and March 4th, 2021, TRON performed the best on Thursdays. On average, the price of TRON increased 0.87% on Thursday.

The weekday on which the TRON performed the worst, is Wednesday. On Wednesdays, the TRON declined in value on average by -0.46%.

TRON weekday performance

TRON increased in value on an average Sunday 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 (1.93%). This means that on 68 percent of the Sundays, the change in price of the TRON is expected to be in the range of -1.83% and 2.03%.

Allthough the TRON decreases in value with -0.37% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Mondays is 1.94%. This means that the expected change of the value of TRON is between -2.31% and 1.57% on 68 out of 100 Mondays.

It is hard to tell whether the TRON will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the TRON is -0.08%. However, the standard deviation on this weekday is 1.63%. This means that on most Tuesdays, the change in value of the TRON is between -1.71% and 1.56%.

Allthough the TRON decreases in value with -0.46% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of TRON on Wednesdays is 2.18%. This means that the expected change of the value of TRON is between -2.64% and 1.72% on 68 out of 100 Wednesdays.

Historical performance on Thursday do not show an increase in value of the TRON on which a prediction can be made. The TRON increased in value on average on an average Thursday with 0.87%. However, the uncertainty of this increase is high. The expected change in value of the TRON on a Thursday is between -1.79% and 3.54% (see also the table below).

TRON increased in value on an average Friday only slightly. The average increase in value of the TRON was 0.11%. 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 (1.19%). This means that on 68 percent of the Fridays, the change in price of the TRON is expected to be in the range of -1.08% and 1.30%.

On an average Saturday, the TRON increased 0.33%. However, since the expected deviation is 2.41%, the TRON will decline in value on a Saturday quiet regularly. The expected price change of the TRON on a Saturday is between -2.09% and 2.74%.

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 0.10% 1.93% -1.83% to 2.03%
Monday -0.37% 1.94% -2.31% to 1.57%
Tuesday -0.08% 1.63% -1.71% to 1.56%
Wednesday -0.46% 2.18% -2.64% to 1.72%
Thursday 0.87% 2.66% -1.79% to 3.54%
Friday 0.11% 1.19% -1.08% to 1.30%
Saturday 0.33% 2.41% -2.09% to 2.74%
 

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