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ELC Stock is currently leaning slightly toward buyers, energy +14.5%. This still sits in the Neutral zone — the probability of a clear trend is not yet defined.
See the full 2AiTrading Model data for ELC on the ELC Stock overview →
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UP–DOWN statistics for Neutral ELC Stock Daily
▸When ELC Stock is in Neutral:
- then ELC Stock moved to higher Market State: 121 times — 49.6%
- then ELC Stock moved to lower Market State: 123 times — 50.4%
▸Current ELC Stock market energy: 14.46%
- Distance to upper bound of Neutral (at 20.88%): 6.42%
- Distance to lower bound of Neutral (at -20.88%): 35.34%
"History always repeats itself, one way or another" — 2AITRADING
After the Daily candle closes, ELC Stock noted at the Neutral zone.
Market movement after the Daily candle closes, Compared to the previous candle (-3%), Market Energy rose +17.4% to 14.5%.
Time in Neutral energy zone: 2 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 -39.2 to +14.5.
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 21-10-2020 closed, ELC Stock was in Neutral with Market Energy 14.5%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did ELC Stock Market Energy change from the previous candle?
Market Energy rose 17.4 percentage points from the previous candle — from -3% to 14.5%.
What state was ELC Stock in on the previous Daily candle?
The previous Daily candle had ELC Stock at -3%, Neutral — this candle kept the same state, no zone change.
Where does ELC Stock energy sit within the Neutral zone?
At 14.5%, ELC Stock is 6.42 points from the upper boundary of Neutral (20.88%) and 35.34 points from the lower boundary (-20.88%) — so energy sits closer to the upper 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: VNINDEX (Vietnam equities) in Bear Critical with energy -63.1%; VN30 (VN30 basket) in Neutral with energy 1.4%. Against this backdrop, ELC Stock (Neutral, 14.5%) has higher energy than VNINDEX; sits in the same state zone as 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 Critical with Market Energy -67.1%. ELC Stock energy is currently above DXY by 81.6 points.
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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