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| Price | ▼ 3.13% | ▼ 6.45% | ▲ 6.90% | ▼ 8.06% |
| Energy | ▲ 17.9 | ▼ 73.7 | ▲ 75.9 | ▼ 143.8 |
Trend of Bear Bias MEL Stock 1H
▸When MEL Stock is in Bear Bias:
- then MEL Stock moved to higher Market State: 29 times — 46%
- then MEL Stock moved to lower Market State: 34 times — 54%
▸Current MEL Stock market energy: -45.57%
- Distance to upper bound of Bear Bias (at -20.88%): 24.69%
- Distance to lower bound of Bear Bias (at -60%): 14.43%
"A person's history reveals more than you might think" — 2AITRADING
Observing the completed 1H candle, MEL Stock reflects the Market Energy zone leaning Bear.
On the measurement side, Market Energy dropped -143.8% from the previous candle, from 98.2% to -45.6%.
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, MEL Stock Market Energy ranged from -45.6 to +98.2.
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 09:00 on 22-12-2023 closed, MEL Stock was at 5.7, down 8.06% from the previous candle (6.2). Market Energy was -45.6%, down 143.8 points from 98.2%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did MEL price move on this 1H candle, and how large is that historically?
MEL closed at 5.7, down 8.06% from the previous 1H candle (6.2). This drop is larger than 89% of past drops on the 1H timeframe for MEL, across 121 candles since 2019.
How did MEL Stock Market Energy change from the previous candle?
Market Energy fell 143.8 percentage points from the previous candle — from 98.2% to -45.6%. This drop is larger than 99% of past drops on the 1H timeframe for MEL.
Do MEL price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 98.2%, Bull Extreme — when this candle closed, MEL Stock moved down to a lower zone: Bull Extreme → Bear Bias.
Where does MEL Stock energy sit within the Bear Bias zone?
At -45.6%, MEL Stock is 24.69 points from the upper boundary of Bear Bias (-20.88%) and 14.43 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 Extreme with energy 90.1%; VN30 (VN30 basket) in Bull Extreme with energy 85%. Against this backdrop, MEL Stock (Bear Bias, -45.6%) 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 -65.7%. MEL Stock (Bear Bias) and DXY currently sit on the same Bear side.
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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