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| Price | ▼ 0.24% | ▲ 0.03% | ▼ 0.09% | ▼ 0.22% |
| Energy | ▼ 24.0 | ▼ 7.6 | ▼ 10.7 | ▼ 52.6 |
Trend of Neutral CHINA50 Index 1H
▸When CHINA50 Index is in Neutral:
- then CHINA50 Index moved to higher Market State: 1,518 times — 51.7%
- then CHINA50 Index moved to lower Market State: 1,417 times — 48.3%
▸Current CHINA50 Index market energy: -20.46%
- Distance to upper bound of Neutral (at 20.88%): 41.34%
- Distance to lower bound of Neutral (at -20.88%): 0.42%
"History always repeats itself, one way or another" — 2AITRADING
The balanced energy level recorded from just-completed 1H candle data for CHINA50.
On the energy side, Market Energy reading dropped -52.6%, moving from 32.2% to -20.5% after the 1H candle.
Time in Neutral energy zone: 1 1H 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.
Over the past 5 days, CHINA50 Index Market Energy ranged from -98.4 to +99.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did CHINA50 Index price and energy show when this 1H candle closed?
When the 1H candle at 00:00 on 02-11-2024 closed, CHINA50 Index was at 13,318.5, down 0.22% from the previous candle (13,347.5). Market Energy was -20.5%, down 52.6 points from 32.2%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did CHINA50 price move on this 1H candle, and how large is that historically?
CHINA50 closed at 13,318.5, down 0.22% from the previous 1H candle (13,347.5). This drop is larger than 77% of past drops on the 1H timeframe for CHINA50, across 30,229 candles since 2019.
How did CHINA50 Index Market Energy change from the previous candle?
Market Energy fell 52.6 percentage points from the previous candle — from 32.2% to -20.5%. This drop is larger than 92% of past drops on the 1H timeframe for CHINA50.
Do CHINA50 price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was CHINA50 Index in on the previous 1H candle?
The previous 1H candle had CHINA50 Index at 32.2%, Bull Bias — when this candle closed, CHINA50 Index moved down to a lower zone: Bull Bias → Neutral.
Where does CHINA50 Index energy sit within the Neutral zone?
At -20.5%, CHINA50 Index is 41.34 points from the upper boundary of Neutral (20.88%) and 0.42 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Neutral with energy -14.8%; GER40 (European equities) in Neutral with energy 9.6%. Against this backdrop, CHINA50 Index (Neutral, -20.5%) sits in the same state zone as SPX500, GER40.
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 Bull Critical with Market Energy 67.1%. CHINA50 Index energy is currently below DXY by 87.5 points.
See the real-time energy chart for CHINA50 Index.
Open Energy ChartSee the full 2AiTrading Model data for CHINA50 on the CHINA50 Index overview →
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