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ELC Stock is currently controlled by sellers, in the Bear Bias zone. Measured energy: -33.8%.
See the full 2AiTrading Model data for ELC on the ELC Stock overview →
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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: -33.8%
- Distance to upper bound of Bear Bias (at -20.88%): 12.92%
- Distance to lower bound of Bear Bias (at -60%): 26.2%
"Let data guide you, but never trust it completely" — 2AITRADING
The Bear Bias level is the result just recorded for ELC Stock after the Daily candle closed.
Market trend energy The energy level rose +3.2%: from -37% now at -33.8%.
Time in Bear Bias energy zone: 5 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 -41 to -26.
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 09:00 on 30-12-2021 closed, ELC Stock was in Bear Bias with Market Energy -33.8%, 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 rose 3.2 percentage points from the previous candle — from -37% to -33.8%.
What state was ELC Stock in on the previous Daily candle?
The previous Daily candle had ELC Stock at -37%, Bear Bias — this candle kept the same state, no zone change.
Where does ELC Stock energy sit within the Bear Bias zone?
At -33.8%, ELC Stock is 12.92 points from the upper boundary of Bear Bias (-20.88%) and 26.2 points from the lower boundary (-60%) — so energy sits closer to the upper 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 →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 -67%; VN30 (VN30 basket) in Bear Bias with energy -43.7%. Against this backdrop, ELC Stock (Bear Bias, -33.8%) 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 -67.3%. ELC Stock (Bear Bias) and DXY currently sit on the same Bear 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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