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ELC Stock is currently controlled by buyers, in the Bull Bias zone. Measured energy: +45.6%.
See the full 2AiTrading Model data for ELC on the ELC Stock overview →
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UP–DOWN statistics for Bull Bias ELC Stock Weekly
▸When ELC Stock is in Bull Bias:
- then ELC Stock moved to higher Market State: 25 times — 39.1%
- then ELC Stock moved to lower Market State: 39 times — 60.9%
▸Current ELC Stock market energy: 45.56%
- Distance to upper bound of Bull Bias (at 60%): 14.44%
- Distance to lower bound of Bull Bias (at 20.88%): 24.68%
"Does history really repeat itself?" — 2AITRADING
As the Weekly candle completes, ELC Stock noted at the Bull Bias zone.
Looking at the energy level, A -11% change from the previous candle, Market Energy is now 45.6% (previous: 56.6%).
Time in Bull Bias energy zone: 3 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was ELC Stock on Weekly when this candle closed?
When the Weekly candle at 07:00 on 01-08-2016 closed, ELC Stock was in Bull Bias with Market Energy 45.6%, 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 fell 11 percentage points from the previous candle — from 56.6% to 45.6%.
What state was ELC Stock in on the previous Weekly candle?
The previous Weekly candle had ELC Stock at 56.6%, Bull Bias — this candle kept the same state, no zone change.
Where does ELC Stock energy sit within the Bull Bias zone?
At 45.6%, ELC Stock is 14.44 points from the upper boundary of Bull Bias (60%) and 24.68 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 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 -71.7%. ELC Stock (Bull Bias) and DXY currently sit on opposite sides.
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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