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| Price | ▲ 6.90% | 0.00% | ▼ 6.45% | ▲ 6.90% |
| Energy | ▼ 27.4 | 0.0 | ▲ 8.3 | ▼ 9.2 |
Trend of Bull Critical MEL Stock 1H
▸When MEL Stock is in Bull Critical:
- then MEL Stock moved to higher Market State: 10 times — 40%
- then MEL Stock moved to lower Market State: 15 times — 60%
▸Current MEL Stock market energy: 71.28%
- Distance to upper bound of Bull Critical (at 74.5%): 3.22%
- Distance to lower bound of Bull Critical (at 60%): 11.28%
"Why does archaeology matter?" — 2AITRADING
Following the completion of the 1H candle, MEL Stock recorded in Bull Critical.
End-of-session energy readings on 1H, Market Energy at 71.3%, down -9.2% from 80.5% in the previous candle.
Time in Bull Critical 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, MEL Stock Market Energy ranged from -59.8 to +99.8.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did MEL Stock price and energy show when this 1H candle closed?
When the 1H candle at 11:00 on 04-12-2023 closed, MEL Stock was at 6.2, up 6.9% from the previous candle (5.8). Market Energy was 71.3%, down 9.2 points from 80.5%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How much did MEL price move on this 1H candle, and how large is that historically?
MEL closed at 6.2, up 6.9% from the previous 1H candle (5.8). This rise is larger than 87% of past rises on the 1H timeframe for MEL, across 115 candles since 2019.
How did MEL Stock Market Energy change from the previous candle?
Market Energy fell 9.2 percentage points from the previous candle — from 80.5% to 71.3%. This drop is larger than 44% of past drops on the 1H timeframe for MEL.
Do MEL price and energy agree?
No. On this candle price rose but energy fell — the two moved in opposite directions. This describes the candle that just closed; it does not say where price goes next.
What state was MEL Stock in on the previous 1H candle?
The previous 1H candle had MEL Stock at 80.5%, Bull Extreme — when this candle closed, MEL Stock moved down to a lower zone: Bull Extreme → Bull Critical.
Where does MEL Stock energy sit within the Bull Critical zone?
At 71.3%, MEL Stock is 3.22 points from the upper boundary of Bull Critical (74.5%) and 11.28 points from the lower boundary (60%) — so energy sits closer to the upper boundary at candle close.
What does Bull Critical mean?
Bull Critical is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Critical 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 Extreme with energy 96.3%; VN30 (VN30 basket) in Bull Extreme with energy 91.5%. Against this backdrop, MEL Stock (Bull Critical, 71.3%) 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 Bias with Market Energy -26.7%. MEL Stock (Bull Critical) and DXY currently sit on opposite sides.
See the real-time energy chart for MEL Stock.
Open Energy ChartSee the full 2AiTrading Model data for MEL on the MEL Stock overview →
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