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| Price | ▼ 1.54% | ▼ 1.95% | ▲ 1.99% | ▼ 1.95% |
| Energy | ▼ 4.7 | ▼ 8.0 | ▲ 0.5 | ▼ 3.2 |
Trend of Bull Critical MGC Stock 1H
▸When MGC Stock is in Bull Critical:
- then MGC Stock moved to higher Market State: 41 times — 37.3%
- then MGC Stock moved to lower Market State: 69 times — 62.7%
▸Current MGC Stock market energy: 65.13%
- Distance to upper bound of Bull Critical (at 74.5%): 9.37%
- Distance to lower bound of Bull Critical (at 60%): 5.13%
"Let data guide you, but never trust it completely" — 2AITRADING
MGC Stock classified into the near-extreme Bull energy level after the 1H candle completed.
On trend energy, Market Energy dropped -3.2% from the previous session, from 68.3% to 65.1%.
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, MGC Stock Market Energy ranged from -99.7 to +80.4.
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 14:00 on 22-05-2024 closed, MGC Stock was at 5.03, down 1.95% from the previous candle (5.13). Market Energy was 65.1%, down 3.2 points from 68.3%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How much did MGC price move on this 1H candle, and how large is that historically?
MGC closed at 5.03, down 1.95% from the previous 1H candle (5.13). This drop is larger than 24% of past drops on the 1H timeframe for MGC, across 546 candles since 2019.
How did MGC Stock Market Energy change from the previous candle?
Market Energy fell 3.2 percentage points from the previous candle — from 68.3% to 65.1%. This drop is larger than 36% 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 68.3%, Bull Critical — this candle kept the same state, no zone change.
Where does MGC Stock energy sit within the Bull Critical zone?
At 65.1%, MGC Stock is 9.37 points from the upper boundary of Bull Critical (74.5%) and 5.13 points from the lower boundary (60%) — so energy sits closer to the lower 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 Critical with energy -74.4%; VN30 (VN30 basket) in Bear Extreme with energy -87.8%. Against this backdrop, MGC Stock (Bull Critical, 65.1%) 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 -1.8%. MGC Stock energy is currently above DXY by 66.9 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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