How Sui reacted to Durable Goods Orders on 26 March 2024

The short answer

A strong reaction. In the 15 minutes after the figure came out, Sui's price swung 1.90 times as much as in a normal 15 minutes that day. For a Durable Orders release, 1.36 times is usual. An hour later the price was 0.55% lower.

1.90x

Strong

Trading (volume ratio)
0.82x
usual for Durable Orders: 1.51x
Price at 8:30 AM
$1.8100
15 minutes later
−0.55%
One hour later
−0.55%
range 1.10%, hour before 1.66%
SUI/USDT, 30 minutes candles around the release, 8:30 AM America/New York

The dashed orange line is the release. Chart data from Binance.

Open
1.7100
Close
1.8700
24h change
8.56%
24h high
1.9000
24h low
1.7000
24h volume
72.709M SUI

Measured by Clometrix

Sui's volatility ratio was 1.90x, against 1.36x for a typical Durable Orders release since 2021. Its volume ratio was 0.82x, against a typical 1.51x. That is a strong reaction by this release's own standard. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.

How Sui moved

Sui was at $1.8100 when the figure came out. Fifteen minutes later it was 0.55% lower, and an hour later 0.55% lower. Its high-to-low range in the hour after was 1.1% of its price, against 1.66% in the hour before.

The release

Released by the Bureau of Census on 26 March 2024 at 8:30 AM EDT. Durable Goods Orders came in at 0.7% for February 2024, against -7.8% in January 2024. Durable goods orders are rising again, after a fall.

It arrived at the same moment as Durable Goods Orders Excluding Transportation, so the reaction measured on this page belongs to all of them together.

What made it matter

Since 2021, Durable Orders releases in the two weeks before a Fed decision have moved Sui less than those at other times: a median volatility ratio of 1.11x across 13, against 1.52x across 29. This one was not within two weeks of a Fed decision. Its own ratio of 1.90x compares with 1.52x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 42 Durable Orders releases since 2021, Sui's median volatility ratio is 1.36x.

How it compares

Across 42 Durable Orders releases since 2021, Sui's usual price swing is 1.36x. This one was 1.39 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Durable Orders's usual, 1.36x. Thick line: this release, 1.90x.

Minute by minute

Each row is the time after the release, with the same length of time before it for comparison.

After High Low Close Change Range Range before Volume
1 minute 1.82 1.81 1.81 0.00% 0.55% 0.00% 35,429 SUI
5 minutes 1.82 1.80 1.81 0.00% 1.10% 0.00% 171,948 SUI
10 minutes 1.82 1.80 1.80 -0.56% 1.10% 0.55% 296,456 SUI
15 minutes 1.82 1.80 1.80 -0.56% 1.10% 0.55% 419,935 SUI
30 minutes 1.82 1.80 1.81 0.00% 1.10% 1.65% 889,602 SUI
1 hour 1.82 1.80 1.80 -0.56% 1.10% 1.65% 2.086M SUI
2 hours 1.82 1.75 1.75 -3.43% 3.85% 2.20% 7.519M SUI
4 hours 1.85 1.73 1.81 0.00% 6.49% 3.30% 21.401M SUI
6 hours 1.88 1.73 1.88 3.72% 7.98% 3.30% 33.491M SUI
8 hours 1.85 1.73 1.81 2.76% 6.49% 5.03% 29.78M SUI
12 hours 1.90 1.73 1.87 3.21% 8.95% 6.59% 49.41M SUI

Every coin at this release

Coin Price swing Usual for Durable Orders Reaction
Bitcoin 1.07x 1.44x Quiet
Ethereum 0.57x 1.38x Quiet
XRP 0.63x 1.13x Quiet
BNB 0.62x 1.28x Quiet
Solana 0.67x 1.32x Quiet
Dogecoin 0.72x 1.49x Quiet
TRON 1.13x 1.33x Quiet
Cardano 0.90x 1.33x Quiet
Chainlink 1.66x 1.48x Ordinary
Sui 1.90x 1.36x Strong
Bitcoin Cash 1.53x 1.31x Ordinary
Hedera 0.70x 1.32x Quiet
Avalanche 0.50x 1.44x Quiet
Litecoin 0.39x 1.34x Quiet
Shiba Inu 1.49x 1.30x Quiet
Uniswap 0.71x 1.26x Quiet
Polkadot 0.40x 1.27x Quiet
Aave 0.39x 1.37x Quiet
NEAR Protocol 1.55x 1.29x Ordinary
Aptos 1.19x 1.34x Quiet
Internet Computer 1.64x 1.11x Strong
POL (prev. MATIC) 1.00x 1.29x Quiet
Filecoin 0.49x 1.34x Quiet

What is Durable Goods Orders?

The U.S. Census Bureau publishes the Durable Goods Orders report every month. Durable goods orders reflect new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods) in the near term or future. The change in the total value of new orders is measured and shared with the public in two releases per month: the advance report on durable goods and the manufacturers' shipments, inventories, and orders.

Every Durable Orders release for Sui

Questions about this page

Is 1.90x a lot?

For a Durable Orders release it is strong: the usual is 1.36x. Each report has its own usual size, and its releases show it.

Will the next Durable Orders do the same?

Nobody can say. A forecast shows the range Sui moved in after past Durable Orders releases, so you can plan for the likely size of the move.

More questions · Glossary

Disclaimer

The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.