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| Price | ▲ 0.46% | ▲ 0.41% | ▼ 1.19% | ▼ 0.41% |
| Energy | ▲ 31.9 | ▲ 19.5 | ▼ 33.4 | ▼ 1.8 |
Trend of Neutral HK50 Index Daily
▸When HK50 Index is in Neutral:
- then HK50 Index moved to higher Market State: 145 times — 50.5%
- then HK50 Index moved to lower Market State: 142 times — 49.5%
▸Current HK50 Index market energy: -5.53%
- Distance to upper bound of Neutral (at 20.88%): 26.41%
- Distance to lower bound of Neutral (at -20.88%): 15.35%
"Does history really repeat itself?" — 2AITRADING
Reading from the Daily candle, HK50 Index classified as the Neutral energy state.
Per the 2AI model, Market Energy dropped -1.8% from the previous session, from -3.7% to -5.5%.
Time in Neutral energy zone: 2 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, HK50 Index Market Energy ranged from -5.5 to +29.7.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did HK50 Index price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 08-12-2020 closed, HK50 Index was at 26,398, down 0.41% from the previous candle (26,507.5). Market Energy was -5.5%, down 1.8 points from -3.7%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did HK50 price move on this Daily candle, and how large is that historically?
HK50 closed at 26,398, down 0.41% from the previous Daily candle (26,507.5). This drop is larger than 31% of past drops on the Daily timeframe for HK50, across 479 candles since 2019.
How did HK50 Index Market Energy change from the previous candle?
Market Energy fell 1.8 percentage points from the previous candle — from -3.7% to -5.5%. This drop is larger than 10% of past drops on the Daily timeframe for HK50.
Do HK50 price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was HK50 Index in on the previous Daily candle?
The previous Daily candle had HK50 Index at -3.7%, Neutral — this candle kept the same state, no zone change.
Where does HK50 Index energy sit within the Neutral zone?
At -5.5%, HK50 Index is 26.41 points from the upper boundary of Neutral (20.88%) and 15.35 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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: SPX500 (US equities) in Bull Bias with energy 25.5%; GER40 (European equities) in Bull Bias with energy 50.2%. Against this backdrop, HK50 Index (Neutral, -5.5%) lower than SPX500, GER40.
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 13.2%. HK50 Index energy is currently below DXY by 18.7 points.
See the real-time energy chart for HK50 Index.
Open Energy ChartSee the full 2AiTrading Model data for HK50 on the HK50 Index overview →
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