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| Price | ▼ 3.03% | ▲ 3.12% | 0.00% | ▲ 1.48% |
| Energy | ▲ 1.5 | ▲ 16.4 | ▼ 1.0 | ▲ 5.4 |
Trend of Bear Bias EID Stock Weekly
▸When EID Stock is in Bear Bias:
- then EID Stock moved to higher Market State: 27 times — 75%
- then EID Stock moved to lower Market State: 9 times — 25%
▸Current EID Stock market energy: -29.17%
- Distance to upper bound of Bear Bias (at -20.88%): 8.29%
- Distance to lower bound of Bear Bias (at -60%): 30.83%
"History always repeats itself, one way or another" — 2AITRADING
Right as the Weekly candle closes, EID in the energy zone leaning Bear.
Meanwhile, Market trend energy recorded a +5.4% rise from the previous candle, from -34.6% to -29.2%.
Time in Bear Bias energy zone: 5 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 EID Stock price and energy show when this Weekly candle closed?
When the Weekly candle at 09:00 on 20-11-2023 closed, EID Stock was at 16.42, up 1.48% from the previous candle (16.18). Market Energy was -29.2%, up 5.4 points from -34.6%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did EID price move on this Weekly candle, and how large is that historically?
EID closed at 16.42, up 1.48% from the previous Weekly candle (16.18). This rise is larger than 35% of past rises on the Weekly timeframe for EID, across 254 candles since 2019.
How did EID Stock Market Energy change from the previous candle?
Market Energy rose 5.4 percentage points from the previous candle — from -34.6% to -29.2%. This rise is larger than 38% of past rises on the Weekly timeframe for EID.
Do EID price and energy agree?
Yes. Both price and energy moved up on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was EID Stock in on the previous Weekly candle?
The previous Weekly candle had EID Stock at -34.6%, Bear Bias — this candle kept the same state, no zone change.
Where does EID Stock energy sit within the Bear Bias zone?
At -29.2%, EID Stock is 8.29 points from the upper boundary of Bear Bias (-20.88%) and 30.83 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear Bias 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 Bias 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 -85.5%; VN30 (VN30 basket) in Bear Extreme with energy -87.5%. Against this backdrop, EID Stock (Bear Bias, -29.2%) 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 Extreme with Market Energy -94.7%. EID Stock (Bear Bias) and DXY currently sit on the same Bear side.
See the real-time energy chart for EID Stock.
Open Energy ChartSee the full 2AiTrading Model data for EID on the EID Stock overview →
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