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CDN Stock is currently controlled by buyers, in the Bull Bias zone. Measured energy: +24.4%.
See the full 2AiTrading Model data for CDN on the CDN Stock overview →
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UP–DOWN statistics for Bull Bias CDN Stock Daily
▸When CDN Stock is in Bull Bias:
- then CDN Stock moved to higher Market State: 126 times — 56.3%
- then CDN Stock moved to lower Market State: 98 times — 43.8%
▸Current CDN Stock market energy: 24.36%
- Distance to upper bound of Bull Bias (at 60%): 35.64%
- Distance to lower bound of Bull Bias (at 20.88%): 3.48%
"History always repeats itself, one way or another" — 2AITRADING
Reading from the Daily candle, CDN Stock within the Bull Bias state.
The CDN market at session end, Market Energy dropped -16.2% from the previous session, from 40.5% to 24.4%.
Time in Bull Bias energy zone: 2 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, CDN Stock Market Energy ranged from +24.4 to +75.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was CDN Stock on Daily when this candle closed?
When the Daily candle at 07:00 on 21-05-2020 closed, CDN Stock was in Bull Bias with Market Energy 24.4%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did CDN Stock Market Energy change from the previous candle?
Market Energy fell 16.2 percentage points from the previous candle — from 40.5% to 24.4%.
What state was CDN Stock in on the previous Daily candle?
The previous Daily candle had CDN Stock at 40.5%, Bull Bias — this candle kept the same state, no zone change.
Where does CDN Stock energy sit within the Bull Bias zone?
At 24.4%, CDN Stock is 35.64 points from the upper boundary of Bull Bias (60%) and 3.48 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Bull Extreme with energy 98.4%; VN30 (VN30 basket) in Bull Extreme with energy 100%. Against this backdrop, CDN Stock (Bull Bias, 24.4%) lower 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 Bear Bias with Market Energy -24%. CDN Stock (Bull Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for CDN Stock.
Open Energy ChartSee the full 2AiTrading Model data for CDN on the CDN Stock overview →
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