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| Price | ▲ 2.29% | ▼ 2.24% | 0.00% | ▼ 2.06% |
| Energy | ▲ 4.7 | ▼ 4.3 | ▼ 39.9 | ▼ 35.7 |
Trend of Bear Bias MGC Stock 1H
▸When MGC Stock is in Bear Bias:
- then MGC Stock moved to higher Market State: 72 times — 48.6%
- then MGC Stock moved to lower Market State: 76 times — 51.4%
▸Current MGC Stock market energy: -24.14%
- Distance to upper bound of Bear Bias (at -20.88%): 3.26%
- Distance to lower bound of Bear Bias (at -60%): 35.86%
"Let data guide you, but never trust it completely" — 2AITRADING
Reading from the 1H candle, MGC Stock reflects the Bear Bias state.
On the energy side, Market Energy dropped -35.7% from the previous candle, from 11.6% to -24.1%.
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, MGC Stock Market Energy ranged from -24.1 to +89.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did MGC Stock price and energy show when this 1H candle closed?
When the 1H candle at 11:00 on 26-12-2023 closed, MGC Stock was at 4.28, down 2.06% from the previous candle (4.37). Market Energy was -24.1%, down 35.7 points from 11.6%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did MGC price move on this 1H candle, and how large is that historically?
MGC closed at 4.28, down 2.06% from the previous 1H candle (4.37). This drop is larger than 36% of past drops on the 1H timeframe for MGC, across 330 candles since 2019.
How did MGC Stock Market Energy change from the previous candle?
Market Energy fell 35.7 percentage points from the previous candle — from 11.6% to -24.1%. This drop is larger than 80% of past drops on the 1H timeframe for MGC.
Do MGC 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 MGC Stock in on the previous 1H candle?
The previous 1H candle had MGC Stock at 11.6%, Neutral — when this candle closed, MGC Stock moved down to a lower zone: Neutral → Bear Bias.
Where does MGC Stock energy sit within the Bear Bias zone?
At -24.1%, MGC Stock is 3.26 points from the upper boundary of Bear Bias (-20.88%) and 35.86 points from the lower boundary (-60%) — so energy sits closer to the upper 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 85.8%; VN30 (VN30 basket) in Bull Critical with energy 69%. Against this backdrop, MGC Stock (Bear Bias, -24.1%) 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 Neutral with Market Energy 3.7%. MGC Stock energy is currently below DXY by 27.8 points.
See the real-time energy chart for MGC Stock.
Open Energy ChartSee the full 2AiTrading Model data for MGC on the MGC Stock overview →
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