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| Price | ▼ 8.82% | ▲ 8.06% | ▲ 8.96% | ▼ 9.59% |
| Energy | ▲ 16.4 | ▼ 14.0 | ▼ 7.7 | ▼ 26.9 |
Trend of Neutral MEL Stock 1H
▸When MEL Stock is in Neutral:
- then MEL Stock moved to higher Market State: 19 times — 46.3%
- then MEL Stock moved to lower Market State: 22 times — 53.7%
▸Current MEL Stock market energy: -11.18%
- Distance to upper bound of Neutral (at 20.88%): 32.06%
- Distance to lower bound of Neutral (at -20.88%): 9.7%
"To truly understand anything, study its history" — 2AITRADING
As the 1H candle completes, MEL Stock noted at trend energy in a neutral state.
Market energy movement Market Energy dropped -26.9% from the previous candle, from 15.7% to -11.2%.
Time in Neutral energy zone: 2 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.
Not enough data in the past 5 days to show a range.
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 10:00 on 04-06-2024 closed, MEL Stock was at 6.6, down 9.59% from the previous candle (7.3). Market Energy was -11.2%, down 26.9 points from 15.7%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did MEL price move on this 1H candle, and how large is that historically?
MEL closed at 6.6, down 9.59% from the previous 1H candle (7.3). This drop is larger than 99% of past drops on the 1H timeframe for MEL, across 202 candles since 2019.
How did MEL Stock Market Energy change from the previous candle?
Market Energy fell 26.9 percentage points from the previous candle — from 15.7% to -11.2%. This drop is larger than 59% 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 a closed candle, not a forecast of where price goes next.
What state was MEL Stock in on the previous 1H candle?
The previous 1H candle had MEL Stock at 15.7%, Neutral — this candle kept the same state, no zone change.
Where does MEL Stock energy sit within the Neutral zone?
At -11.2%, MEL Stock is 32.06 points from the upper boundary of Neutral (20.88%) and 9.7 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 87.9%; VN30 (VN30 basket) in Bull Extreme with energy 90.5%. Against this backdrop, MEL Stock (Neutral, -11.2%) 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 Extreme with Market Energy -82%. MEL Stock energy is currently above DXY by 70.8 points.
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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