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ELC Stock is currently controlled by buyers, in the Bull Bias zone. Measured energy: +45.8%.
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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: 45.83%
- Distance to upper bound of Bull Bias (at 60%): 14.17%
- Distance to lower bound of Bull Bias (at 20.88%): 24.95%
"Does history really repeat itself?" — 2AITRADING
ELC Stock processing result: Bull Bias after the Daily candle closed.
Market energy measurement Compared to the previous candle (45.4%), Market Energy rose +0.4% to 45.8%.
Time in Bull Bias energy zone: 7 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 +45.4 to +58.9.
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 02-07-2021 closed, ELC Stock was in Bull Bias with Market Energy 45.8%, 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 rose 0.4 percentage points from the previous candle — from 45.4% to 45.8%.
What state was ELC Stock in on the previous Daily candle?
The previous Daily candle had ELC Stock at 45.4%, Bull Bias — this candle kept the same state, no zone change.
Where does ELC Stock energy sit within the Bull Bias zone?
At 45.8%, ELC Stock is 14.17 points from the upper boundary of Bull Bias (60%) and 24.95 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 →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 Bull Bias with energy 30%; VN30 (VN30 basket) in Bull Critical with energy 71.3%. Against this backdrop, ELC Stock (Bull Bias, 45.8%) lower than VN30; sits in the same state zone as VNINDEX.
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 Bull Bias with Market Energy 50.8%. ELC Stock (Bull Bias) and DXY currently sit on the same Bull side.
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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