Analysis

HK50 Index 23,549.4 points ↓1.95%: Bears in the peak-force zone · D Oct 21, 2026

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Candle open
Price and energy
Open 24,017 · High 24,153.3 · Low 23,532.8 · Close 23,549.4 · Range (high − low) 620.5
HK50 Index closed at 23,549.4 points, down 469.3 (-1.95%) from 24,018.7.
Bull–Bear energy behind the price: the market moved from the Bear Bias zone at -26.0% to Bear Extreme at -76.1%, down 50.1 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price24,17724,01424,01923,549
Energy-1.9%-24.4%-26.0%-76.1%
Price change↑ 0.27%↓ 0.68%↑ 0.02%↓ 1.95%
Energy change↓ 1.8↓ 22.5↓ 1.6↓ 50.1
Volatility trend chart · last 4 sessions
↑ 0.27%↓ 0.68%↑ 0.02%↓ 1.95%↓ 1.8↓ 22.5↓ 1.6↓ 50.1
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 1.95% — higher than 86% of past drops
0%255075100%
Energy down 50.1 pts — higher than 87% of past drops
Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

RESEARCH

Trend of Bear Extreme HK50 Index Daily

Sample: 3,699 Daily candles from 2013-01-03 to 2026-10-21
Number of Bear Extreme occurrences: 196 times

▸When HK50 Index is in Bear Extreme:

  • then HK50 Index moved to higher Market State: 196 times — 100%
  • then HK50 Index moved to lower Market State: 0 times — 0%

▸Current HK50 Index market energy: -76.14%

  • Distance to upper bound of Bear Extreme (at -74.5%): 1.64%
  • Distance to bottom -100%: 23.86%

"Past — present — future. The past and present are known. The future is yours" — 2AITRADING

HK50 · D1 · 2026-10-21 00:00 UTC
Preview the last 30 candles — price and energy
View live HK50 chart →
Market Energy
-26.0%
Bear Bias
-76.1%
Bear Extreme
Expected at
07:10
Zone
-100 – -74.5
Bias
Sellers in control
Explanation

HK50 Index processing result: the Bear Extreme energy zone after the Daily candle closed.

The market energy reading Market Energy dropped -50.1% from the previous candle, from -26% to -76.1%.

Time in Bear Extreme energy zone: 1 Daily Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, HK50 Index Market Energy ranged from -76.1 to -0.1.

Frequently asked questions

What did HK50 Index price and energy show when this Daily candle closed?

When the Daily candle closed at 07:00 on 21-10-2026, HK50 Index was at 23,549.4, down 1.95% from the previous candle (24,018.7). Market Energy was -76.1%, down 50.1 points from -26%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.

How much did HK50 price move on this Daily candle, and how large is that historically?

HK50 closed at 23,549.4, down 1.95% from the previous Daily candle (24,018.7). This drop is larger than 86% of past drops on the Daily timeframe for HK50, across 2,215 candles since 2019.

How did HK50 Index Market Energy change from the previous candle?

Market Energy fell 50.1 percentage points from the previous candle — from -26% to -76.1%. This drop is larger than 87% of past drops on the Daily timeframe for HK50.

Do HK50 price and energy agree?

Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.

What state was HK50 Index in on the previous Daily candle?

The previous Daily candle had HK50 Index at -26%, Bear Bias — when this candle closed, HK50 Index moved down to a lower zone: Bear Bias → Bear Extreme.

Where does HK50 Index energy sit within the Bear Extreme zone?

At -76.1%, HK50 Index is 1.64 points from the upper boundary of Bear Extreme (-74.5%) and 23.86 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: SPX500 (US equities) in Bull Critical with energy 66.7%; GER40 (European equities) in Bull Bias with energy 56.1%. Against this backdrop, HK50 Index (Bear Extreme, -76.1%) 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 Neutral with Market Energy -2.3%. HK50 Index energy is currently below DXY by 73.8 points.

Real-time Energy Chart

See the real-time energy chart for HK50 Index.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for HK50 on the HK50 Index overview →

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