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| Price | ▼ 0.78% | ▲ 2.69% | ▲ 0.55% | ▼ 2.28% |
| Energy | ▲ 1.6 | ▲ 24.4 | ▲ 9.6 | ▼ 15.0 |
Trend of Bull Bias GMC Stock Weekly
▸When GMC Stock is in Bull Bias:
- then GMC Stock moved to higher Market State: 27 times — 41.5%
- then GMC Stock moved to lower Market State: 38 times — 58.5%
▸Current GMC Stock market energy: 42.9%
- Distance to upper bound of Bull Bias (at 60%): 17.1%
- Distance to lower bound of Bull Bias (at 20.88%): 22.02%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
With the Weekly candle just closed, Market Energy of GMC indicates Bull Bias.
Per the 2AiTrading energy measurement system, Market Energy dropped -15% from the previous candle, from 57.9% to 42.9%.
Time in Bull Bias energy zone: 7 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.
Over the past 5 days, GMC Stock Market Energy ranged from +42.9 to +57.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did GMC Stock price and energy show when this Weekly candle closed?
When the Weekly candle at 09:00 on 06-05-2024 closed, GMC Stock was at 8.99, down 2.28% from the previous candle (9.2). Market Energy was 42.9%, down 15.0 points from 57.9%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did GMC price move on this Weekly candle, and how large is that historically?
GMC closed at 8.99, down 2.28% from the previous Weekly candle (9.2). This drop is larger than 38% of past drops on the Weekly timeframe for GMC, across 277 candles since 2019.
How did GMC Stock Market Energy change from the previous candle?
Market Energy fell 15 percentage points from the previous candle — from 57.9% to 42.9%. This drop is larger than 67% of past drops on the Weekly timeframe for GMC.
Do GMC price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was GMC Stock in on the previous Weekly candle?
The previous Weekly candle had GMC Stock at 57.9%, Bull Bias — this candle kept the same state, no zone change.
Where does GMC Stock energy sit within the Bull Bias zone?
At 42.9%, GMC Stock is 17.1 points from the upper boundary of Bull Bias (60%) and 22.02 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 Neutral with energy 1.4%; VN30 (VN30 basket) in Bull Critical with energy 68.7%. Against this backdrop, GMC Stock (Bull Bias, 42.9%) has higher energy than VNINDEX; lower than 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 -9.2%. GMC Stock energy is currently above DXY by 52.1 points.
See the real-time energy chart for GMC Stock.
Open Energy ChartSee the full 2AiTrading Model data for GMC on the GMC Stock overview →
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