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ELC Stock is currently controlled by buyers, in the Bull Bias zone. Measured energy: +58.7%.
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UP–DOWN statistics for Bull Bias ELC Stock Daily
▸When ELC Stock is in Bull Bias:
- then ELC Stock moved to higher Market State: 119 times — 45.2%
- then ELC Stock moved to lower Market State: 144 times — 54.8%
▸Current ELC Stock market energy: 58.69%
- Distance to upper bound of Bull Bias (at 60%): 1.31%
- Distance to lower bound of Bull Bias (at 20.88%): 37.81%
"History always repeats itself, one way or another" — 2AITRADING
From the just-closed Daily candle data, Market Energy of ELC Stock indicates the energy zone tilted toward Bull.
On the energy side, Market trend energy recorded a -22.5% drop from the previous candle, from 81.2% to 58.7%.
Time in Bull 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 +58 to +81.2.
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 06-09-2012 closed, ELC Stock was in Bull Bias with Market Energy 58.7%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did ELC Stock Market Energy change from the previous candle?
Market Energy fell 22.5 percentage points from the previous candle — from 81.2% to 58.7%.
What state was ELC Stock in on the previous Daily candle?
The previous Daily candle had ELC Stock at 81.2%, Bull Extreme — when this candle closed, ELC Stock moved down to a lower zone: Bull Extreme → Bull Bias.
Where does ELC Stock energy sit within the Bull Bias zone?
At 58.7%, ELC Stock is 1.31 points from the upper boundary of Bull Bias (60%) and 37.81 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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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