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ELC Stock is currently leaning slightly toward buyers, energy +8.5%. 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: 8.47%
- Distance to upper bound of Neutral (at 20.88%): 12.41%
- Distance to lower bound of Neutral (at -20.88%): 29.35%
"History always repeats itself, one way or another" — 2AITRADING
The balanced Market Energy state determined for ELC through the Daily candle data.
Market energy movement Market Energy at 8.5%, down -61.9% from 70.4% in the previous candle.
Time in Neutral 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 +8.5 to +90.3.
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 27-08-2024 closed, ELC Stock was in Neutral with Market Energy 8.5%, 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 fell 61.9 percentage points from the previous candle — from 70.4% to 8.5%.
What state was ELC Stock in on the previous Daily candle?
The previous Daily candle had ELC Stock at 70.4%, Bull Critical — when this candle closed, ELC Stock moved down to a lower zone: Bull Critical → Neutral.
Where does ELC Stock energy sit within the Neutral zone?
At 8.5%, ELC Stock is 12.41 points from the upper boundary of Neutral (20.88%) and 29.35 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 Bias with energy -38.4%; VN30 (VN30 basket) in Neutral with energy -6.5%. Against this backdrop, ELC Stock (Neutral, 8.5%) 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 Neutral with Market Energy -4.7%. ELC Stock energy is currently above DXY by 13.2 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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