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ELC Stock is currently controlled by buyers, in the Bull Bias zone. Measured energy: +40.2%.
See the full 2AiTrading Model data for ELC on the ELC Stock overview →
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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: 40.22%
- Distance to upper bound of Bull Bias (at 60%): 19.78%
- Distance to lower bound of Bull Bias (at 20.88%): 19.34%
"To truly understand anything, study its history" — 2AITRADING
After the Daily session ends, ELC Stock in trend energy leaning Bull.
On the energy side, Market trend energy recorded a -35.9% drop from the previous candle, from 76.1% to 40.2%.
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 +40.2 to +99.5.
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 08-06-2021 closed, ELC Stock was in Bull Bias with Market Energy 40.2%, 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 35.9 percentage points from the previous candle — from 76.1% to 40.2%.
What state was ELC Stock in on the previous Daily candle?
The previous Daily candle had ELC Stock at 76.1%, 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 40.2%, ELC Stock is 19.78 points from the upper boundary of Bull Bias (60%) and 19.34 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 →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 -72.4%; VN30 (VN30 basket) in Bear Extreme with energy -94%. Against this backdrop, ELC Stock (Bull Bias, 40.2%) 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 Critical with Market Energy -61.7%. ELC Stock (Bull Bias) and DXY currently sit on opposite sides.
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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