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| Price | ▼ 0.58% | ▼ 1.73% | ▲ 0.80% | ▼ 1.68% |
| Energy | ▼ 39.8 | ▼ 44.3 | ▲ 4.6 | ▼ 12.4 |
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: -51.16%
- Distance to upper bound of Bear Bias (at -20.88%): 30.28%
- Distance to lower bound of Bear Bias (at -60%): 8.84%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
HK50 recorded in Bear Bias of Market Energy as the Weekly candle ended.
Market energy movement Market Energy reading dropped -12.4%, moving from -38.8% to -51.2% after the Weekly candle.
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 24-06-2024 closed, HK50 Index was at 17,673.6, down 1.68% from the previous candle (17,974.7). Market Energy was -51.2%, down 12.4 points from -38.8%, 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 17,673.6, down 1.68% from the previous Weekly candle (17,974.7). This drop is larger than 45% of past drops on the Weekly timeframe for HK50, across 321 candles since 2019.
How did HK50 Index Market Energy change from the previous candle?
Market Energy fell 12.4 percentage points from the previous candle — from -38.8% to -51.2%. This drop is larger than 49% of past drops on the Weekly timeframe for HK50.
Do HK50 price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes a closed candle, not a forecast of where price goes next.
What state was HK50 Index in on the previous Weekly candle?
The previous Weekly candle had HK50 Index at -38.8%, Bear Bias — this candle kept the same state, no zone change.
Where does HK50 Index energy sit within the Bear Bias zone?
At -51.2%, HK50 Index is 30.28 points from the upper boundary of Bear Bias (-20.88%) and 8.84 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 -1.7%; GER40 (European equities) in Bull Bias with energy 31.1%. Against this backdrop, HK50 Index (Bear Bias, -51.2%) 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 Bull Bias with Market Energy 49.4%. 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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