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| Price | ▲ 1.93% | ▲ 0.44% | ▼ 0.13% | ▼ 0.30% |
| Energy | ▲ 1.4 | ▲ 4.6 | ▼ 1.5 | ▼ 5.8 |
Trend of Bull Bias CNG Stock Daily
▸When CNG Stock is in Bull Bias:
- then CNG Stock moved to higher Market State: 109 times — 41.4%
- then CNG Stock moved to lower Market State: 154 times — 58.6%
▸Current CNG Stock market energy: 46.55%
- Distance to upper bound of Bull Bias (at 60%): 13.45%
- Distance to lower bound of Bull Bias (at 20.88%): 25.67%
"A person's history reveals more than you might think" — 2AITRADING
As the Daily session concludes, CNG within the energy zone leaning Bull.
Observing the CNG market this session, A -5.8% change from the previous candle, Market Energy is now 46.5% (previous: 52.3%).
Time in Bull Bias energy zone: 5 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, CNG Stock Market Energy ranged from +46.5 to +53.8.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did CNG Stock price and energy show when this Daily candle closed?
When the Daily candle at 09:00 on 15-05-2024 closed, CNG Stock was at 29.57, down 0.3% from the previous candle (29.66). Market Energy was 46.5%, down 5.8 points from 52.3%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did CNG price move on this Daily candle, and how large is that historically?
CNG closed at 29.57, down 0.3% from the previous Daily candle (29.66). This drop is larger than 15% of past drops on the Daily timeframe for CNG, across 1,340 candles since 2019.
How did CNG Stock Market Energy change from the previous candle?
Market Energy fell 5.8 percentage points from the previous candle — from 52.3% to 46.5%. This drop is larger than 35% of past drops on the Daily timeframe for CNG.
Do CNG price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes the candle that just closed; it does not say where price goes next.
What state was CNG Stock in on the previous Daily candle?
The previous Daily candle had CNG Stock at 52.3%, Bull Bias — this candle kept the same state, no zone change.
Where does CNG Stock energy sit within the Bull Bias zone?
At 46.5%, CNG Stock is 13.45 points from the upper boundary of Bull Bias (60%) and 25.67 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 28.3%; VN30 (VN30 basket) in Bull Critical with energy 62.8%. Against this backdrop, CNG Stock (Bull Bias, 46.5%) 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 Extreme with Market Energy -82.3%. CNG Stock (Bull Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for CNG Stock.
Open Energy ChartSee the full 2AiTrading Model data for CNG on the CNG Stock overview →
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