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| Price | ▲ 0.65% | ▼ 0.65% | ▼ 0.15% | ▲ 0.35% |
| Energy | ▼ 2.9 | ▼ 19.2 | ▼ 12.7 | ▼ 0.6 |
Trend of Bull Bias ELC Stock 1H
▸When ELC Stock is in Bull Bias:
- then ELC Stock moved to higher Market State: 141 times — 44.8%
- then ELC Stock moved to lower Market State: 174 times — 55.2%
▸Current ELC Stock market energy: 44.36%
- Distance to upper bound of Bull Bias (at 60%): 15.64%
- Distance to lower bound of Bull Bias (at 20.88%): 23.48%
"Does history really repeat itself?" — 2AITRADING
ELC recorded in Bull Bias as the 1H candle ended.
On trend energy, Market Energy showed no change, currently 44.4%.
Time in Bull Bias energy zone: 3 1H 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 -100 to +90.7.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did ELC Stock price and energy show when this 1H candle closed?
When the 1H candle at 13:00 on 20-08-2024 closed, ELC Stock was at 19.94, up 0.35% from the previous candle (19.87). Market Energy was 44.4%, down 0.6 points from 45%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did ELC price move on this 1H candle, and how large is that historically?
ELC closed at 19.94, up 0.35% from the previous 1H candle (19.87). This rise is larger than 25% of past rises on the 1H timeframe for ELC, across 1,319 candles since 2019.
How did ELC Stock Market Energy change from the previous candle?
Market Energy fell 0.6 percentage points from the previous candle — from 45% to 44.4%. This drop is larger than 5% of past drops on the 1H timeframe for ELC.
Do ELC price and energy agree?
No. This candle recorded a price rise with energy moving the other way. This describes the candle that just closed; it does not say where price goes next.
What state was ELC Stock in on the previous 1H candle?
The previous 1H candle had ELC Stock at 45%, Bull Bias — this candle kept the same state, no zone change.
Where does ELC Stock energy sit within the Bull Bias zone?
At 44.4%, ELC Stock is 15.64 points from the upper boundary of Bull Bias (60%) and 23.48 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 Extreme with energy 93.9%; VN30 (VN30 basket) in Bull Extreme with energy 85.7%. Against this backdrop, ELC Stock (Bull Bias, 44.4%) 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 Neutral with Market Energy 17.3%. ELC Stock energy is currently above DXY by 27.1 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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