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| Price | ▼ 5.00% | ▲ 4.56% | ▼ 4.76% | ▲ 2.95% |
| Energy | ▼ 16.9 | ▲ 27.4 | ▼ 1.5 | ▲ 8.7 |
Trend of Bear Bias HK50 Index Weekly
▸When HK50 Index is in Bear Bias:
- then HK50 Index moved to higher Market State: 36 times — 59%
- then HK50 Index moved to lower Market State: 25 times — 41%
▸Current HK50 Index market energy: -48.17%
- Distance to upper bound of Bear Bias (at -20.88%): 27.29%
- Distance to lower bound of Bear Bias (at -60%): 11.83%
"Does history really repeat itself?" — 2AITRADING
Following the completion of the Weekly candle, HK50 noted at the Market Energy state leaning Bear.
On the energy side, A +8.7% change from the previous candle, Market Energy is now -48.2% (previous: -56.9%).
Time in Bear 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 did HK50 Index price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 05-02-2024 closed, HK50 Index was at 15,794.7, up 2.95% from the previous candle (15,341.5). Market Energy was -48.2%, up 8.7 points from -56.9%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did HK50 price move on this Weekly candle, and how large is that historically?
HK50 closed at 15,794.7, up 2.95% from the previous Weekly candle (15,341.5). This rise is larger than 76% of past rises on the Weekly timeframe for HK50, across 301 candles since 2019.
How did HK50 Index Market Energy change from the previous candle?
Market Energy rose 8.7 percentage points from the previous candle — from -56.9% to -48.2%. This rise is larger than 32% of past rises on the Weekly timeframe for HK50.
Do HK50 price and energy agree?
Yes. Both price and energy moved up on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was HK50 Index in on the previous Weekly candle?
The previous Weekly candle had HK50 Index at -56.9%, Bear Bias — this candle kept the same state, no zone change.
Where does HK50 Index energy sit within the Bear Bias zone?
At -48.2%, HK50 Index is 27.29 points from the upper boundary of Bear Bias (-20.88%) and 11.83 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Neutral with energy 8.1%; GER40 (European equities) in Bear Bias with energy -50.2%. Against this backdrop, HK50 Index (Bear Bias, -48.2%) lower than SPX500; sits in the same state zone as 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 Bull Extreme with Market Energy 84.5%. HK50 Index (Bear Bias) and DXY currently sit on opposite sides.
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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