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| Price | ▲ 0.83% | ▼ 2.94% | ▼ 10.30% | ▼ 3.11% |
| Energy | ▼ 7.3 | ▼ 17.2 | ▼ 86.0 | ▼ 42.2 |
Trend of Bear Critical ABS Stock Weekly
▸When ABS Stock is in Bear Critical:
- then ABS Stock moved to higher Market State: 20 times — 69%
- then ABS Stock moved to lower Market State: 9 times — 31%
▸Current ABS Stock market energy: -62.38%
- Distance to upper bound of Bear Critical (at -60%): 2.38%
- Distance to lower bound of Bear Critical (at -74.5%): 12.12%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Following the completion of the Weekly candle, Market ABS in Bear energy near extreme.
Market energy measurement Market Energy dropped -42.2% this candle, currently -62.4% (previous candle -20.1%).
Time in Bear Critical energy zone: 1 Weekly Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did ABS Stock price and energy show when this Weekly candle closed?
When the Weekly candle at 09:00 on 21-08-2023 closed, ABS Stock was at 7.17, down 3.11% from the previous candle (7.4). Market Energy was -62.4%, down 42.2 points from -20.1%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How much did ABS price move on this Weekly candle, and how large is that historically?
ABS closed at 7.17, down 3.11% from the previous Weekly candle (7.4). This drop is larger than 28% of past drops on the Weekly timeframe for ABS, across 177 candles since 2019.
How did ABS Stock Market Energy change from the previous candle?
Market Energy fell 42.2 percentage points from the previous candle — from -20.1% to -62.4%. This drop is larger than 89% of past drops on the Weekly timeframe for ABS.
Do ABS price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was ABS Stock in on the previous Weekly candle?
The previous Weekly candle had ABS Stock at -20.1%, Neutral — when this candle closed, ABS Stock moved down to a lower zone: Neutral → Bear Critical.
Where does ABS Stock energy sit within the Bear Critical zone?
At -62.4%, ABS Stock is 2.38 points from the upper boundary of Bear Critical (-60%) and 12.12 points from the lower boundary (-74.5%) — so energy sits closer to the upper boundary at candle close.
What does Bear Critical mean?
Bear Critical is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Critical definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: VNINDEX (Vietnam equities) in Bear Extreme with energy -99%; VN30 (VN30 basket) in Bear Extreme with energy -99.8%. Against this backdrop, ABS Stock (Bear Critical, -62.4%) has higher energy than VNINDEX, VN30.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Bias with Market Energy -21.3%. ABS Stock (Bear Critical) and DXY currently sit on the same Bear side.
See the real-time energy chart for ABS Stock.
Open Energy ChartSee the full 2AiTrading Model data for ABS on the ABS Stock overview →
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