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| Price | ▼ 2.21% | ▼ 0.21% | ▼ 0.29% | ▼ 2.19% |
| Energy | ▼ 9.1 | ▼ 3.6 | ▼ 1.6 | ▼ 122.3 |
Trend of Bear Bias PNJ Stock 1H
▸When PNJ Stock is in Bear Bias:
- then PNJ Stock moved to higher Market State: 143 times — 54.2%
- then PNJ Stock moved to lower Market State: 121 times — 45.8%
▸Current PNJ Stock market energy: -38.18%
- Distance to upper bound of Bear Bias (at -20.88%): 17.3%
- Distance to lower bound of Bear Bias (at -60%): 21.82%
"History always repeats itself, one way or another" — 2AITRADING
PNJ classified into the Bear Bias energy state after the 1H candle completed.
On trend energy, A -122.3% change from the previous candle, Market Energy is now -38.2% (previous: 84.1%).
Time in Bear Bias energy zone: 1 1H 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, PNJ Stock Market Energy ranged from -38.2 to +98.4.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did PNJ Stock price and energy show when this 1H candle closed?
When the 1H candle at 13:00 on 05-08-2024 closed, PNJ Stock was at 59.95, down 2.19% from the previous candle (61.29). Market Energy was -38.2%, down 122.3 points from 84.1%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did PNJ price move on this 1H candle, and how large is that historically?
PNJ closed at 59.95, down 2.19% from the previous 1H candle (61.29). This drop is larger than 99% of past drops on the 1H timeframe for PNJ, across 1,266 candles since 2019.
How did PNJ Stock Market Energy change from the previous candle?
Market Energy fell 122.3 percentage points from the previous candle — from 84.1% to -38.2%. This drop is larger than 99% of past drops on the 1H timeframe for PNJ.
Do PNJ 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 PNJ Stock in on the previous 1H candle?
The previous 1H candle had PNJ Stock at 84.1%, Bull Extreme — when this candle closed, PNJ Stock moved down to a lower zone: Bull Extreme → Bear Bias.
Where does PNJ Stock energy sit within the Bear Bias zone?
At -38.2%, PNJ Stock is 17.3 points from the upper boundary of Bear Bias (-20.88%) and 21.82 points from the lower boundary (-60%) — so energy sits closer to the upper 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 Bear Extreme with energy -92.8%; VN30 (VN30 basket) in Bear Extreme with energy -82.3%. Against this backdrop, PNJ Stock (Bear Bias, -38.2%) has higher energy 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 Bull Bias with Market Energy 26%. PNJ Stock (Bear Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for PNJ Stock.
Open Energy ChartSee the full 2AiTrading Model data for PNJ on the PNJ Stock overview →
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