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| Price | ▲ 1.76% | ▲ 0.85% | ▼ 1.59% | ▲ 0.27% |
| Energy | ▲ 16.8 | ▲ 12.8 | ▼ 15.6 | ▼ 18.5 |
Trend of Bull Bias HK50 Index Daily
▸When HK50 Index is in Bull Bias:
- then HK50 Index moved to higher Market State: 138 times — 44.5%
- then HK50 Index moved to lower Market State: 172 times — 55.5%
▸Current HK50 Index market energy: 58.49%
- Distance to upper bound of Bull Bias (at 60%): 1.51%
- Distance to lower bound of Bull Bias (at 20.88%): 37.61%
"A person's history reveals more than you might think" — 2AITRADING
Measurement result after the Daily candle closes, HK50 noted at the energy state leaning Bull.
Market energy measurement Market Energy reading dropped -18.5%, moving from 76.9% to 58.5% after the Daily candle.
Time in Bull Bias 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, HK50 Index Market Energy ranged from +58.5 to +92.6.
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 20-02-2024 closed, HK50 Index was at 16,208.2, up 0.27% from the previous candle (16,164.6). Market Energy was 58.5%, down 18.5 points from 76.9%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did HK50 price move on this Daily candle, and how large is that historically?
HK50 closed at 16,208.2, up 0.27% from the previous Daily candle (16,164.6). This rise is larger than 22% of past rises on the Daily timeframe for HK50, across 1,387 candles since 2019.
How did HK50 Index Market Energy change from the previous candle?
Market Energy fell 18.5 percentage points from the previous candle — from 76.9% to 58.5%. This drop is larger than 63% of past drops on the Daily timeframe for HK50.
Do HK50 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 HK50 Index in on the previous Daily candle?
The previous Daily candle had HK50 Index at 76.9%, Bull Extreme — when this candle closed, HK50 Index moved down to a lower zone: Bull Extreme → Bull Bias.
Where does HK50 Index energy sit within the Bull Bias zone?
At 58.5%, HK50 Index is 1.51 points from the upper boundary of Bull Bias (60%) and 37.61 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: SPX500 (US equities) in Bear Extreme with energy -89.5%; GER40 (European equities) in Bear Critical with energy -68.9%. Against this backdrop, HK50 Index (Bull Bias, 58.5%) has higher energy 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 5%. HK50 Index energy is currently above DXY by 53.5 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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