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| Price | ▲ 1.69% | ▲ 6.67% | ▼ 6.25% | ▼ 3.33% |
| Energy | ▲ 5.5 | ▲ 169.2 | ▲ 8.5 | ▼ 22.9 |
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: 71.64%
- Distance to upper bound of Bull Critical (at 74.5%): 2.86%
- Distance to lower bound of Bull Critical (at 60%): 11.64%
"History always repeats itself, one way or another" — 2AITRADING
After the 1H candle closes, MEL recorded in the near-extreme Bull energy level.
On trend energy, The energy level dropped -22.9%: from 94.5% now at 71.6%.
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 -88.6 to +94.5.
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 04-12-2024 closed, MEL Stock was at 5.8, down 3.33% from the previous candle (6). Market Energy was 71.6%, down 22.9 points from 94.5%, 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 5.8, down 3.33% from the previous 1H candle (6). This drop is larger than 44% of past drops on the 1H timeframe for MEL, across 327 candles since 2019.
How did MEL Stock Market Energy change from the previous candle?
Market Energy fell 22.9 percentage points from the previous candle — from 94.5% to 71.6%. This drop is larger than 62% 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 94.5%, 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 71.6%, MEL Stock is 2.86 points from the upper boundary of Bull Critical (74.5%) and 11.64 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 Bear Extreme with energy -77.5%; VN30 (VN30 basket) in Bear Bias with energy -59.2%. Against this backdrop, MEL Stock (Bull Critical, 71.6%) has higher energy 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 Bull Bias with Market Energy 23.6%. MEL Stock (Bull Critical) and DXY currently sit on the same Bull 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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