I had a question regarding correlation between bid and ask prices and the stock price at a future moment.
Say I have a list of bidders who have bid certain amounts on the stock as follows
Price #Bidders (each buys one stock only)
<0.98 0 (assume)
and the seller chart as follows
Price #Sellers (each sells one stock only)
Greater than 1.04 0 (assume)
At the moment can I predict if the stock price will rise or fall? It looks like a lot of people want to sell. Given the data at hand, would you predict the stock price to fall?