In progress now Gap at the open · Runs, breaks and structure · reading up
68 hits in 91 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 20 Sep 2021
Gap at the open completed on the candle that closed at week of 20 Sep 2021, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 33.50, +5.02% above the previous close of 31.90.
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 64 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) 34 times of 64 (53%). Median move in the hit's direction +0.67%; best +64.36%, worst -33.88%. Within the window the move typically reached +10.96% in the hit's favour and -9.13% 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 20 Sep 2021 up Opened at 33.50, +5.02% above the previous close of 31.90.
- week of 13 Sep 2021 up Opened at 33.00, +2.80% above the previous close of 32.10.
- week of 06 Sep 2021 down Opened at 30.65, -2.23% below the previous close of 31.35.
- week of 30 Aug 2021 down Opened at 30.25, -2.26% below the previous close of 30.95.
- week of 23 Aug 2021 up Opened at 30.05, +1.18% above the previous close of 29.70.
- week of 16 Aug 2021 down Opened at 31.05, -1.27% below the previous close of 31.45.
- week of 02 Aug 2021 up Opened at 34.15, +3.33% above the previous close of 33.05.
- week of 26 Jul 2021 down Opened at 32.50, -1.37% below the previous close of 32.95.
- week of 19 Jul 2021 up Opened at 34.20, +1.48% above the previous close of 33.70.
- week of 05 Jul 2021 up Opened at 33.80, +1.81% above the previous close of 33.20.
- week of 28 Jun 2021 down Opened at 33.70, -3.30% below the previous close of 34.85.
- week of 21 Jun 2021 down Opened at 32.30, -3.00% below the previous close of 33.30.