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| Price | ▲ 1.57% | ▼ 6.03% | ▲ 7.89% | ▼ 2.90% |
| Energy | ▲ 4.6 | ▼ 28.8 | ▲ 52.3 | ▼ 17.6 |
Trend of Bull Bias MGC Stock 1H
▸When MGC Stock is in Bull Bias:
- then MGC Stock moved to higher Market State: 78 times — 45.1%
- then MGC Stock moved to lower Market State: 95 times — 54.9%
▸Current MGC Stock market energy: 52.27%
- Distance to upper bound of Bull Bias (at 60%): 7.73%
- Distance to lower bound of Bull Bias (at 20.88%): 31.39%
"History always repeats itself, one way or another" — 2AITRADING
Observing the completed 1H candle, MGC recorded in the Bull Bias state.
Looking at the energy level, Market Energy dropped -17.6% this candle, currently 52.3% (previous candle 69.9%).
Time in Bull 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 +17.5 to +69.9.
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 09:00 on 05-09-2024 closed, MGC Stock was at 6.37, down 2.9% from the previous candle (6.56). Market Energy was 52.3%, down 17.6 points from 69.9%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did MGC price move on this 1H candle, and how large is that historically?
MGC closed at 6.37, down 2.9% from the previous 1H candle (6.56). This drop is larger than 62% of past drops on the 1H timeframe for MGC, across 833 candles since 2019.
How did MGC Stock Market Energy change from the previous candle?
Market Energy fell 17.6 percentage points from the previous candle — from 69.9% to 52.3%. This drop is larger than 65% 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 69.9%, Bull Critical — when this candle closed, MGC Stock moved down to a lower zone: Bull Critical → Bull Bias.
Where does MGC Stock energy sit within the Bull Bias zone?
At 52.3%, MGC Stock is 7.73 points from the upper boundary of Bull Bias (60%) and 31.39 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Neutral with energy 7.9%; VN30 (VN30 basket) in Bear Bias with energy -41%. Against this backdrop, MGC Stock (Bull Bias, 52.3%) 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 Bear Critical with Market Energy -65.4%. MGC Stock (Bull Bias) and DXY currently sit on opposite sides.
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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