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| Price | ▼ 0.47% | 0.00% | ▼ 0.48% | ▼ 4.68% |
| Energy | ▲ 1.3 | ▲ 43.1 | ▼ 2.2 | ▼ 179.9 |
Trend of Bear Extreme SPM Stock 1H
▸When SPM Stock is in Bear Extreme:
- then SPM Stock moved to higher Market State: 77 times — 100%
- then SPM Stock moved to lower Market State: 0 times — 0%
▸Current SPM Stock market energy: -83.51%
- Distance to upper bound of Bear Extreme (at -74.5%): 9.01%
- Distance to bottom -100%: 16.49%
"To truly understand anything, study its history" — 2AITRADING
Once measurement on the 1H timeframe completes, Result for SPM Stock: the Bear Extreme zone.
On trend energy, Market trend energy recorded a -179.9% drop from the previous candle, from 96.4% to -83.5%.
Time in Bear Extreme 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, SPM Stock Market Energy ranged from -100 to +98.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did SPM Stock price and energy show when this 1H candle closed?
When the 1H candle at 14:00 on 08-03-2024 closed, SPM Stock was at 9.97, down 4.68% from the previous candle (10.46). Market Energy was -83.5%, down 179.9 points from 96.4%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How much did SPM price move on this 1H candle, and how large is that historically?
SPM closed at 9.97, down 4.68% from the previous 1H candle (10.46). This drop is larger than 75% of past drops on the 1H timeframe for SPM, across 203 candles since 2019.
How did SPM Stock Market Energy change from the previous candle?
Market Energy fell 179.9 percentage points from the previous candle — from 96.4% to -83.5%. This drop is larger than 97% of past drops on the 1H timeframe for SPM.
Do SPM price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was SPM Stock in on the previous 1H candle?
The previous 1H candle had SPM Stock at 96.4%, Bull Extreme — when this candle closed, SPM Stock moved down to a lower zone: Bull Extreme → Bear Extreme.
Where does SPM Stock energy sit within the Bear Extreme zone?
At -83.5%, SPM Stock is 9.01 points from the upper boundary of Bear Extreme (-74.5%) and 16.49 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.
What does Bear Extreme mean?
Bear Extreme 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 Extreme 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 -74.5%; VN30 (VN30 basket) in Bear Extreme with energy -78.5%. Against this backdrop, SPM Stock (Bear Extreme, -83.5%) sits in the same state zone as 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 Neutral with Market Energy -15.5%. SPM Stock energy is currently below DXY by 68 points.
See the real-time energy chart for SPM Stock.
Open Energy ChartSee the full 2AiTrading Model data for SPM on the SPM Stock overview →
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