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| Price | ▼ 7.41% | ▼ 6.82% | ▲ 16.14% | ▲ 2.00% |
| Energy | ▼ 0.4 | ▼ 3.1 | ▲ 13.4 | ▲ 20.2 |
Trend of Bear Bias HRC Stock Weekly
▸When HRC Stock is in Bear Bias:
- then HRC Stock moved to higher Market State: 31 times — 79.5%
- then HRC Stock moved to lower Market State: 8 times — 20.5%
▸Current HRC Stock market energy: -49.38%
- Distance to upper bound of Bear Bias (at -20.88%): 28.5%
- Distance to lower bound of Bear Bias (at -60%): 10.62%
"Let data guide you, but never trust it completely" — 2AITRADING
From the just-closed Weekly candle data, HRC within the energy zone leaning Bear.
Per the 2AiTrading energy measurement system, Market Energy reading rose +20.2%, moving from -69.6% to -49.4% after the Weekly candle.
Time in Bear Bias energy zone: 1 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 HRC Stock price and energy show when this Weekly candle closed?
When the Weekly candle at 09:00 on 02-05-2024 closed, HRC Stock was at 51, up 2% from the previous candle (50). Market Energy was -49.4%, up 20.2 points from -69.6%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did HRC price move on this Weekly candle, and how large is that historically?
HRC closed at 51, up 2% from the previous Weekly candle (50). This rise is larger than 19% of past rises on the Weekly timeframe for HRC, across 260 candles since 2019.
How did HRC Stock Market Energy change from the previous candle?
Market Energy rose 20.2 percentage points from the previous candle — from -69.6% to -49.4%. This rise is larger than 69% of past rises on the Weekly timeframe for HRC.
Do HRC price and energy agree?
Yes. Both price and energy moved up on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was HRC Stock in on the previous Weekly candle?
The previous Weekly candle had HRC Stock at -69.6%, Bear Critical — when this candle closed, HRC Stock moved up to a higher zone: Bear Critical → Bear Bias.
Where does HRC Stock energy sit within the Bear Bias zone?
At -49.4%, HRC Stock is 28.5 points from the upper boundary of Bear Bias (-20.88%) and 10.62 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: VNINDEX (Vietnam equities) in Bull Bias with energy 51.7%; VN30 (VN30 basket) in Bull Critical with energy 65.8%. Against this backdrop, HRC Stock (Bear Bias, -49.4%) lower than VNINDEX, 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 Bear Critical with Market Energy -73.7%. HRC Stock (Bear Bias) and DXY currently sit on the same Bear side.
See the real-time energy chart for HRC Stock.
Open Energy ChartSee the full 2AiTrading Model data for HRC on the HRC Stock overview →
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