How Internet Computer reacted to Durable Goods Orders on 27 July 2022

Measured by Clometrix

Internet Computer's volatility ratio was 1.66x, against 1.11x for a typical Durable Orders release since 2021. Its volume ratio was 0.76x, against a typical 1.54x. 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 Internet Computer moved

Internet Computer was at $6.410 when the figure came out. Fifteen minutes later it was 1.25% higher, and an hour later 0.47% higher. Its high-to-low range in the hour after was 1.4% of its price, against 1.4% in the hour before.

The release

Released by the Bureau of Census on 27 July 2022 at 8:30 AM EDT. Durable Goods Orders came in at 2.2% for June 2022, against -0.1% in May 2022. 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 Internet Computer less than those at other times: a median volatility ratio of 1.03x across 19, against 1.22x across 45. This one came out on the day of the Federal Reserve's 27 July rate decision. Its own ratio of 1.66x compares with 1.03x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 64 Durable Orders releases since 2021, Internet Computer's median volatility ratio is 1.11x.

How it compares

Across 64 Durable Orders releases since 2021, Internet Computer's usual price swing is 1.11x. This one was 1.50 times the usual.

MutedOrdinaryStrongExceptional

Thin line: Durable Orders's usual, 1.11x. Thick line: this release, 1.66x.

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	6.43	6.41	6.43	0.31%	0.31%	0.16%	805 ICP
5 minutes	6.44	6.41	6.44	0.47%	0.47%	0.47%	3,237 ICP
10 minutes	6.46	6.41	6.46	0.77%	0.77%	0.47%	5,501 ICP
15 minutes	6.49	6.41	6.49	1.23%	1.23%	0.47%	8,982 ICP
30 minutes	6.49	6.41	6.48	1.08%	1.23%	0.93%	14,164 ICP
1 hour	6.50	6.41	6.44	0.47%	1.38%	1.39%	26,843 ICP
2 hours	6.58	6.41	6.57	2.44%	2.58%	1.39%	98,818 ICP
4 hours	6.70	6.41	6.69	4.19%	4.33%	2.74%	218,444 ICP
6 hours	6.82	6.41	6.79	5.60%	6.01%	3.62%	447,376 ICP
8 hours	6.70	6.39	6.69	1.79%	4.63%	3.92%	360,097 ICP
12 hours	7.17	6.41	7.07	9.34%	10.60%	3.92%	998,417 ICP

Every coin at this release

Coin	Price swing	Usual for Durable Orders	Reaction
Bitcoin	1.86x	1.44x	Ordinary
Ethereum	2.87x	1.38x	Exceptional
XRP	2.29x	1.13x	Exceptional
BNB	2.27x	1.28x	Strong
Solana	2.41x	1.32x	Strong
Dogecoin	2.49x	1.49x	Strong
TRON	2.36x	1.33x	Strong
Cardano	2.60x	1.33x	Strong
Chainlink	3.03x	1.48x	Exceptional
Bitcoin Cash	2.00x	1.31x	Strong
Hedera	2.53x	1.32x	Strong
Avalanche	2.51x	1.44x	Strong
Litecoin	2.05x	1.34x	Strong
Shiba Inu	2.16x	1.30x	Strong
Uniswap	1.67x	1.26x	Strong
Polkadot	1.75x	1.27x	Strong
Aave	2.81x	1.37x	Exceptional
NEAR Protocol	2.96x	1.29x	Exceptional
Internet Computer	1.66x	1.11x	Strong
POL (prev. MATIC)	1.97x	1.29x	Strong
Filecoin	1.67x	1.34x	Ordinary

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 Internet Computer

Questions about this page

Is 1.66x a lot?

For a Durable Orders release it is strong: the usual is 1.11x. 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 Internet Computer moved in after past Durable Orders releases, so you can plan for the likely size of the move.

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.