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CDN Stock is currently leaning slightly toward buyers, energy +13.3%. This still sits in the Neutral zone — the probability of a clear trend is not yet defined.
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UP–DOWN statistics for Neutral CDN Stock Daily
▸When CDN Stock is in Neutral:
- then CDN Stock moved to higher Market State: 93 times — 54.7%
- then CDN Stock moved to lower Market State: 77 times — 45.3%
▸Current CDN Stock market energy: 13.3%
- Distance to upper bound of Neutral (at 20.88%): 7.58%
- Distance to lower bound of Neutral (at -20.88%): 34.18%
"Does history really repeat itself?" — 2AITRADING
Following the completion of the Daily candle, CDN Stock in balanced energy.
Market trend on the 2AiTrading energy system Market trend energy recorded a -4.1% drop from the previous candle, from 17.4% to 13.3%.
Time in Neutral 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 +13.3 to +50.5.
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 06-07-2021 closed, CDN Stock was in Neutral with Market Energy 13.3%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did CDN Stock Market Energy change from the previous candle?
Market Energy fell 4.1 percentage points from the previous candle — from 17.4% to 13.3%.
What state was CDN Stock in on the previous Daily candle?
The previous Daily candle had CDN Stock at 17.4%, Neutral — this candle kept the same state, no zone change.
Where does CDN Stock energy sit within the Neutral zone?
At 13.3%, CDN Stock is 7.58 points from the upper boundary of Neutral (20.88%) and 34.18 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 Neutral with energy 18.3%; VN30 (VN30 basket) in Bull Critical with energy 73.4%. Against this backdrop, CDN Stock (Neutral, 13.3%) lower than VN30; sits in the same state zone as VNINDEX.
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 -37%. CDN Stock energy is currently above DXY by 50.3 points.
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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