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| Price | ▼ 3.88% | ▼ 9.11% | ▼ 3.46% | ▼ 2.63% |
| Energy | ▼ 10.3 | ▼ 115.3 | ▼ 13.0 | ▲ 2.7 |
Trend of Bear Bias CDN Stock Weekly
▸When CDN Stock is in Bear Bias:
- then CDN Stock moved to higher Market State: 21 times — 91.3%
- then CDN Stock moved to lower Market State: 2 times — 8.7%
▸Current CDN Stock market energy: -36.27%
- Distance to upper bound of Bear Bias (at -20.88%): 15.39%
- Distance to lower bound of Bear Bias (at -60%): 23.73%
"To truly understand anything, study its history" — 2AITRADING
With the Weekly candle just closed, CDN Stock currently in the energy state tilted toward Bear.
Market movement after the Weekly candle closes, Market Energy reading rose +2.7%, moving from -38.9% to -36.3% after the Weekly candle.
Time in Bear Bias energy zone: 3 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did CDN Stock price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 24-02-2020 closed, CDN Stock was at 13.32, down 2.63% from the previous candle (13.68). Market Energy was -36.3%, up 2.7 points from -38.9%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did CDN price move on this Weekly candle, and how large is that historically?
CDN closed at 13.32, down 2.63% from the previous Weekly candle (13.68). This drop is larger than 42% of past drops on the Weekly timeframe for CDN, across 60 candles since 2019.
How did CDN Stock Market Energy change from the previous candle?
Market Energy rose 2.7 percentage points from the previous candle — from -38.9% to -36.3%. This rise is larger than 15% of past rises on the Weekly timeframe for CDN.
Do CDN price and energy agree?
No. This candle recorded a price decline with energy moving the other way. This describes a closed candle, not a forecast of where price goes next.
What state was CDN Stock in on the previous Weekly candle?
The previous Weekly candle had CDN Stock at -38.9%, Bear Bias — this candle kept the same state, no zone change.
Where does CDN Stock energy sit within the Bear Bias zone?
At -36.3%, CDN Stock is 15.39 points from the upper boundary of Bear Bias (-20.88%) and 23.73 points from the lower boundary (-60%) — so energy sits closer to the upper 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 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 -47.3%. CDN Stock (Bear Bias) and DXY currently sit on the same Bear side.
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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