In progress now Gap at the open · Runs, breaks and structure · reading down
43 hits in 70 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 26 Apr 2021
Gap at the open completed on the candle that closed at week of 26 Apr 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 15.75, -2.78% below the previous close of 16.20.
What this pattern is taken to mean
The session opened at least X% away from the previous close. Read as news or flow arriving overnight.
What followed on this name's own record
After 39 earlier hits on this name's weekly candles, the close 4 weeks later went the hit's own way (up after an up reading, down after a down one) 20 times of 39 (51%). Median move in the hit's direction +0.30%; best +40.38%, worst -57.19%. Within the window the move typically reached +9.42% in the hit's favour and -12.68% against it. On this name that is a coin toss.
An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.
The rule, exactly as checked · pct = 1
- At the first candle of each session, compare its open with the last close of the previous session.
- Gap % = open / previous close − 1.
- The pattern completes when |gap %| ≥ pct; direction is the gap's sign.
- On daily candles this is simply open vs the previous day's close.
The last 12 hits on this name
- week of 26 Apr 2021 down Opened at 15.75, -2.78% below the previous close of 16.20.
- week of 19 Apr 2021 down Opened at 17.70, -2.75% below the previous close of 18.20.
- week of 12 Apr 2021 down Opened at 18.95, -4.77% below the previous close of 19.90.
- week of 05 Apr 2021 up Opened at 20.45, +2.00% above the previous close of 20.05.
- week of 29 Mar 2021 down Opened at 19.00, -2.31% below the previous close of 19.45.
- week of 22 Mar 2021 down Opened at 19.50, -3.47% below the previous close of 20.20.
- week of 08 Mar 2021 down Opened at 24.55, -4.84% below the previous close of 25.80.
- week of 22 Feb 2021 up Opened at 28.15, +9.96% above the previous close of 25.60.
- week of 15 Feb 2021 down Opened at 20.85, -5.44% below the previous close of 22.05.
- week of 25 Jan 2021 down Opened at 22.25, -1.98% below the previous close of 22.70.
- week of 11 Jan 2021 up Opened at 23.10, +1.99% above the previous close of 22.65.
- week of 28 Dec 2020 down Opened at 22.35, -4.08% below the previous close of 23.30.