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| Price | ▲ 7.35% | 0.00% | ▲ 1.37% | ▼ 9.46% |
| Energy | ▼ 26.4 | ▲ 23.6 | ▼ 2.1 | ▲ 13.0 |
Trend of Bull Extreme MEL Stock 1H
▸When MEL Stock is in Bull Extreme:
- then MEL Stock moved to higher Market State: 0 times — 0%
- then MEL Stock moved to lower Market State: 54 times — 100%
▸Current MEL Stock market energy: 95.77%
- Distance to peak 100%: 4.23%
- Distance to lower bound of Bull Extreme (at 74.5%): 21.27%
"Let data guide you, but never trust it completely" — 2AITRADING
As the 1H candle closes, MEL currently in the Bull Extreme state.
Looking at the energy level, Market Energy reading rose +13%, moving from 82.7% to 95.8% after the 1H candle.
Time in Bull Extreme energy zone: 3 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 +82.7 to +95.8.
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 13:00 on 31-12-2024 closed, MEL Stock was at 6.7, down 9.46% from the previous candle (7.4). Market Energy was 95.8%, up 13.0 points from 82.7%, in the Bull Extreme state — controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How much did MEL price move on this 1H candle, and how large is that historically?
MEL closed at 6.7, down 9.46% from the previous 1H candle (7.4). This drop is larger than 93% of past drops on the 1H timeframe for MEL, across 338 candles since 2019.
How did MEL Stock Market Energy change from the previous candle?
Market Energy rose 13 percentage points from the previous candle — from 82.7% to 95.8%. This rise is larger than 47% of past rises on the 1H timeframe for MEL.
Do MEL price and energy agree?
No. On this candle price fell but energy rose — the two moved in opposite directions. 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 82.7%, Bull Extreme — this candle kept the same state, no zone change.
Where does MEL Stock energy sit within the Bull Extreme zone?
At 95.8%, MEL Stock is 4.23 points from the upper boundary of Bull Extreme (100%) and 21.27 points from the lower boundary (74.5%) — so energy sits closer to the upper boundary at candle close.
What does Bull Extreme mean?
Bull 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 Bull 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 Bear Bias with energy -50.8%; VN30 (VN30 basket) in Bull Bias with energy 42.8%. Against this backdrop, MEL Stock (Bull Extreme, 95.8%) 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 Neutral with Market Energy 6.1%. MEL Stock energy is currently above DXY by 89.6 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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