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| Price | ▼ 5.94% | ▼ 2.35% | ▲ 5.24% | ▼ 7.62% |
| Energy | ▼ 15.3 | ▼ 8.9 | ▲ 49.6 | ▼ 24.4 |
Trend of Bull Bias CDN Stock Weekly
▸When CDN Stock is in Bull Bias:
- then CDN Stock moved to higher Market State: 18 times — 34.6%
- then CDN Stock moved to lower Market State: 34 times — 65.4%
▸Current CDN Stock market energy: 31.64%
- Distance to upper bound of Bull Bias (at 60%): 28.36%
- Distance to lower bound of Bull Bias (at 20.88%): 10.76%
"To truly understand anything, study its history" — 2AITRADING
Following the completion of the Weekly candle, CDN Stock noted at the Bull Bias state.
Per the 2AiTrading energy measurement system, The energy level dropped -24.4%: from 56% now at 31.6%.
Time in Bull Bias energy zone: 2 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 09:00 on 21-11-2022 closed, CDN Stock was at 20.61, down 7.62% from the previous candle (22.31). Market Energy was 31.6%, down 24.4 points from 56%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did CDN price move on this Weekly candle, and how large is that historically?
CDN closed at 20.61, down 7.62% from the previous Weekly candle (22.31). This drop is larger than 92% of past drops on the Weekly timeframe for CDN, across 202 candles since 2019.
How did CDN Stock Market Energy change from the previous candle?
Market Energy fell 24.4 percentage points from the previous candle — from 56% to 31.6%. This drop is larger than 86% of past drops on the Weekly timeframe for CDN.
Do CDN price and energy agree?
Yes. Both price and energy moved down on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was CDN Stock in on the previous Weekly candle?
The previous Weekly candle had CDN Stock at 56%, Bull Bias — this candle kept the same state, no zone change.
Where does CDN Stock energy sit within the Bull Bias zone?
At 31.6%, CDN Stock is 28.36 points from the upper boundary of Bull Bias (60%) and 10.76 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 Bias with energy 55%; VN30 (VN30 basket) in Bull Bias with energy 46%. Against this backdrop, CDN Stock (Bull Bias, 31.6%) sits in the same state zone as 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 Bull Extreme with Market Energy 91.9%. CDN Stock (Bull Bias) and DXY currently sit on the same Bull 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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