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ELC Stock is currently controlled by sellers, in the Bear Critical zone. Measured energy: -72.7%.
See the full 2AiTrading Model data for ELC on the ELC Stock overview →
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UP–DOWN statistics for Bear Critical ELC Stock Daily
▸When ELC Stock is in Bear Critical:
- then ELC Stock moved to higher Market State: 93 times — 69.9%
- then ELC Stock moved to lower Market State: 40 times — 30.1%
▸Current ELC Stock market energy: -72.65%
- Distance to upper bound of Bear Critical (at -60%): 12.65%
- Distance to lower bound of Bear Critical (at -74.5%): 1.85%
"To truly understand anything, study its history" — 2AITRADING
As the Daily candle closes, ELC within the near-peak Bear energy level.
Market trend on the 2AiTrading energy system Market Energy reading dropped -108.5%, moving from 35.9% to -72.7% after the Daily candle.
Time in Bear Critical 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 -72.7 to +42.5.
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 09:00 on 01-08-2024 closed, ELC Stock was in Bear Critical with Market Energy -72.7%, controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How did ELC Stock Market Energy change from the previous candle?
Market Energy fell 108.5 percentage points from the previous candle — from 35.9% to -72.7%.
What state was ELC Stock in on the previous Daily candle?
The previous Daily candle had ELC Stock at 35.9%, Bull Bias — when this candle closed, ELC Stock moved down to a lower zone: Bull Bias → Bear Critical.
Where does ELC Stock energy sit within the Bear Critical zone?
At -72.7%, ELC Stock is 12.65 points from the upper boundary of Bear Critical (-60%) and 1.85 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bear Critical mean?
Bear Critical 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 Critical 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 40.4%; VN30 (VN30 basket) in Bull Critical with energy 73.1%. Against this backdrop, ELC Stock (Bear Critical, -72.7%) lower 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 Bias with Market Energy -48.6%. ELC Stock (Bear Critical) 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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