·
| Price | ▲ 6.01% | ▼ 9.32% | ▲ 4.38% | ▼ 0.34% |
| Energy | ▲ 6.7 | ▲ 27.1 | ▼ 23.0 | ▼ 19.0 |
Trend of Bull Bias MGG Stock 1H
▸When MGG Stock is in Bull Bias:
- then MGG Stock moved to higher Market State: 31 times — 39.2%
- then MGG Stock moved to lower Market State: 48 times — 60.8%
▸Current MGG Stock market energy: 51.85%
- Distance to upper bound of Bull Bias (at 60%): 8.15%
- Distance to lower bound of Bull Bias (at 20.88%): 30.97%
"A person's history reveals more than you might think" — 2AITRADING
As the 1H candle closes, MGG Stock shows the Bull Bias energy zone.
Market energy measurement Market Energy dropped -19% this candle, currently 51.8% (previous candle 70.9%).
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, MGG Stock Market Energy ranged from -59.6 to +93.8.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did MGG Stock price and energy show when this 1H candle closed?
When the 1H candle at 09:00 on 05-10-2023 closed, MGG Stock was at 23.29, down 0.34% from the previous candle (23.37). Market Energy was 51.8%, down 19.0 points from 70.9%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did MGG price move on this 1H candle, and how large is that historically?
MGG closed at 23.29, down 0.34% from the previous 1H candle (23.37). This drop is larger than 1% of past drops on the 1H timeframe for MGG, across 87 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy fell 19 percentage points from the previous candle — from 70.9% to 51.8%. This drop is larger than 31% of past drops on the 1H timeframe for MGG.
Do MGG price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was MGG Stock in on the previous 1H candle?
The previous 1H candle had MGG Stock at 70.9%, Bull Critical — when this candle closed, MGG Stock moved down to a lower zone: Bull Critical → Bull Bias.
Where does MGG Stock energy sit within the Bull Bias zone?
At 51.8%, MGG Stock is 8.15 points from the upper boundary of Bull Bias (60%) and 30.97 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 Bull Bias with energy 24.4%; VN30 (VN30 basket) in Neutral with energy 5.8%. Against this backdrop, MGG Stock (Bull Bias, 51.8%) 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 Bear Critical with Market Energy -69.9%. MGG Stock (Bull Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for MGG Stock.
Open Energy ChartSee the full 2AiTrading Model data for MGG on the MGG Stock overview →
To jump to a symbol you're interested in, click .