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ELC Stock is currently controlled by sellers, in the Bear Bias zone. Measured energy: -45.1%.
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UP–DOWN statistics for Bear Bias ELC Stock Daily
▸When ELC Stock is in Bear Bias:
- then ELC Stock moved to higher Market State: 149 times — 63.1%
- then ELC Stock moved to lower Market State: 87 times — 36.9%
▸Current ELC Stock market energy: -45.05%
- Distance to upper bound of Bear Bias (at -20.88%): 24.17%
- Distance to lower bound of Bear Bias (at -60%): 14.95%
"History always repeats itself, one way or another" — 2AITRADING
With the Daily candle just closed, Market Energy of ELC Stock indicates Bear Bias.
Market energy measurement Market trend energy recorded a -37.4% drop from the previous candle, from -7.6% to -45.1%.
Time in Bear Bias energy zone: 1 Daily 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, ELC Stock Market Energy ranged from -75.7 to -2.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was ELC Stock on Daily when this candle closed?
When the Daily candle at 07:00 on 10-07-2012 closed, ELC Stock was in Bear Bias with Market Energy -45.1%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did ELC Stock Market Energy change from the previous candle?
Market Energy fell 37.4 percentage points from the previous candle — from -7.6% to -45.1%.
What state was ELC Stock in on the previous Daily candle?
The previous Daily candle had ELC Stock at -7.6%, Neutral — when this candle closed, ELC Stock moved down to a lower zone: Neutral → Bear Bias.
Where does ELC Stock energy sit within the Bear Bias zone?
At -45.1%, ELC Stock is 24.17 points from the upper boundary of Bear Bias (-20.88%) and 14.95 points from the lower boundary (-60%) — so energy sits closer to the lower 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 →See the real-time energy chart for ELC Stock.
Open Energy ChartSee the full 2AiTrading Model data for ELC on the ELC Stock overview →
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