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| Price | 0.00% | 0.00% | 0.00% | ▼ 2.11% |
| Energy | ▼ 0.0 | ▲ 0.0 | 0.0 | ▼ 82.7 |
Trend of Neutral MGC Stock 1H
▸When MGC Stock is in Neutral:
- then MGC Stock moved to higher Market State: 68 times — 48.2%
- then MGC Stock moved to lower Market State: 73 times — 51.8%
▸Current MGC Stock market energy: 13.95%
- Distance to upper bound of Neutral (at 20.88%): 6.93%
- Distance to lower bound of Neutral (at -20.88%): 34.83%
"To truly understand anything, study its history" — 2AITRADING
Right as the 1H candle closes, MGC Stock within the balanced energy level.
The market energy reading Market Energy at 14%, down -82.7% from 96.6% in the previous candle.
Time in Neutral 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 +14 to +97.3.
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 10:00 on 22-03-2024 closed, MGC Stock was at 4.65, down 2.11% from the previous candle (4.75). Market Energy was 14%, down 82.7 points from 96.6%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did MGC price move on this 1H candle, and how large is that historically?
MGC closed at 4.65, down 2.11% from the previous 1H candle (4.75). This drop is larger than 45% of past drops on the 1H timeframe for MGC, across 444 candles since 2019.
How did MGC Stock Market Energy change from the previous candle?
Market Energy fell 82.7 percentage points from the previous candle — from 96.6% to 14%. This drop is larger than 94% of past drops on the 1H timeframe for MGC.
Do MGC price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. 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 96.6%, Bull Extreme — when this candle closed, MGC Stock moved down to a lower zone: Bull Extreme → Neutral.
Where does MGC Stock energy sit within the Neutral zone?
At 14%, MGC Stock is 6.93 points from the upper boundary of Neutral (20.88%) and 34.83 points from the lower boundary (-20.88%) — so energy sits closer to the upper 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 84.7%; VN30 (VN30 basket) in Bull Extreme with energy 88%. Against this backdrop, MGC Stock (Neutral, 14%) 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 Bull Extreme with Market Energy 95.1%. MGC Stock energy is currently below DXY by 81.1 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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