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| Price | 0.00% | 0.00% | ▲ 6.15% | ▼ 8.70% |
| Energy | 0.0 | ▼ 0.0 | ▲ 164.6 | ▼ 175.9 |
Trend of Bear Extreme MEL Stock 1H
▸When MEL Stock is in Bear Extreme:
- then MEL Stock moved to higher Market State: 63 times — 100%
- then MEL Stock moved to lower Market State: 0 times — 0%
▸Current MEL Stock market energy: -83.26%
- Distance to upper bound of Bear Extreme (at -74.5%): 8.76%
- Distance to bottom -100%: 16.74%
"A person's history reveals more than you might think" — 2AITRADING
With the 1H candle just closed, MEL recorded in Bear Extreme.
On trend energy, Market Energy moved from 92.7% to -83.3%, down -175.9% from the previous candle.
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.
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 14:00 on 31-07-2024 closed, MEL Stock was at 6.3, down 8.7% from the previous candle (6.9). Market Energy was -83.3%, down 175.9 points from 92.7%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How much did MEL price move on this 1H candle, and how large is that historically?
MEL closed at 6.3, down 8.7% from the previous 1H candle (6.9). This drop is larger than 92% of past drops on the 1H timeframe for MEL, across 250 candles since 2019.
How did MEL Stock Market Energy change from the previous candle?
Market Energy fell 175.9 percentage points from the previous candle — from 92.7% to -83.3%. This drop is larger than 99% of past drops on the 1H timeframe for MEL.
Do MEL price and energy agree?
Yes. Both price and energy moved down on this candle. 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 92.7%, Bull Extreme — when this candle closed, MEL Stock moved down to a lower zone: Bull Extreme → Bear Extreme.
Where does MEL Stock energy sit within the Bear Extreme zone?
At -83.3%, MEL Stock is 8.76 points from the upper boundary of Bear Extreme (-74.5%) and 16.74 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 Bull Bias with energy 40.4%; VN30 (VN30 basket) in Bull Critical with energy 73.1%. Against this backdrop, MEL Stock (Bear Extreme, -83.3%) 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 Critical with Market Energy -65.1%. MEL Stock (Bear Extreme) 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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