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| Price | ▲ 1.46% | ▼ 1.44% | 0.00% | ▼ 1.62% |
| Energy | ▲ 6.9 | ▲ 0.2 | 0.0 | ▼ 20.6 |
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: 32.81%
- Distance to upper bound of Bull Bias (at 60%): 27.19%
- Distance to lower bound of Bull Bias (at 20.88%): 11.93%
"A person's history reveals more than you might think" — 2AITRADING
Once measurement on the 1H timeframe completes, Market Energy of MGC indicates the Bull trend energy zone.
On the 2AiTrading energy system, Energy delta -20.6%: Market Energy at 32.8%, previously 53.4%.
Time in Bull Bias energy zone: 8 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 +32.8 to +65.4.
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 13:00 on 12-09-2024 closed, MGC Stock was at 6.08, down 1.62% from the previous candle (6.18). Market Energy was 32.8%, down 20.6 points from 53.4%, 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 6.08, down 1.62% from the previous 1H candle (6.18). This drop is larger than 10% of past drops on the 1H timeframe for MGC, across 856 candles since 2019.
How did MGC Stock Market Energy change from the previous candle?
Market Energy fell 20.6 percentage points from the previous candle — from 53.4% to 32.8%. This drop is larger than 68% 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 53.4%, Bull Bias — this candle kept the same state, no zone change.
Where does MGC Stock energy sit within the Bull Bias zone?
At 32.8%, MGC Stock is 27.19 points from the upper boundary of Bull Bias (60%) and 11.93 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Bull Bias with energy 28.8%; VN30 (VN30 basket) in Neutral with energy -5.8%. Against this backdrop, MGC Stock (Bull Bias, 32.8%) has higher energy than VN30; sits in the same state zone as VNINDEX.
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 Bias with Market Energy 55%. MGC Stock (Bull Bias) and DXY currently sit on the same Bull side.
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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