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CAN Stock is currently controlled by sellers, in the Bear Bias zone. Measured energy: -49.3%.
See the full 2AiTrading Model data for CAN on the CAN Stock overview →
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UP–DOWN statistics for Bear Bias CAN Stock Daily
▸When CAN Stock is in Bear Bias:
- then CAN Stock moved to higher Market State: 61 times — 57%
- then CAN Stock moved to lower Market State: 46 times — 43%
▸Current CAN Stock market energy: -49.33%
- Distance to upper bound of Bear Bias (at -20.88%): 28.45%
- Distance to lower bound of Bear Bias (at -60%): 10.67%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
The Market Energy zone leaning Bear determined for CAN through the Daily candle data.
On trend energy, Market Energy reading dropped -144.2%, moving from 94.9% to -49.3% after the Daily candle.
Time in Bear Bias energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, CAN Stock Market Energy ranged from -49.3 to +94.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was CAN Stock on Daily when this candle closed?
When the Daily candle at 09:00 on 22-08-2023 closed, CAN Stock was in Bear Bias with Market Energy -49.3%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did CAN Stock Market Energy change from the previous candle?
Market Energy fell 144.2 percentage points from the previous candle — from 94.9% to -49.3%.
What state was CAN Stock in on the previous Daily candle?
The previous Daily candle had CAN Stock at 94.9%, Bull Extreme — when this candle closed, CAN Stock moved down to a lower zone: Bull Extreme → Bear Bias.
Where does CAN Stock energy sit within the Bear Bias zone?
At -49.3%, CAN Stock is 28.45 points from the upper boundary of Bear Bias (-20.88%) and 10.67 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: VNINDEX (Vietnam equities) in Bear Critical with energy -71.6%; VN30 (VN30 basket) in Bear Extreme with energy -79.5%. Against this backdrop, CAN Stock (Bear Bias, -49.3%) has higher energy than VNINDEX, VN30.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Neutral with Market Energy -19.3%. CAN Stock energy is currently below DXY by 30 points.
See the real-time energy chart for CAN Stock.
Open Energy ChartSee the full 2AiTrading Model data for CAN on the CAN Stock overview →
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