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| Price | ▼ 3.16% | 0.00% | ▲ 1.81% | ▲ 1.07% |
| Energy | ▼ 4.9 | ▼ 14.4 | ▲ 49.8 | ▲ 16.6 |
Trend of Neutral MGG Stock 1H
▸When MGG Stock is in Neutral:
- then MGG Stock moved to higher Market State: 19 times — 45.2%
- then MGG Stock moved to lower Market State: 23 times — 54.8%
▸Current MGG Stock market energy: 13.97%
- Distance to upper bound of Neutral (at 20.88%): 6.91%
- Distance to lower bound of Neutral (at -20.88%): 34.85%
"Why does archaeology matter?" — 2AITRADING
MGG Stock processing result: neutral energy after the 1H candle closed.
Market movement after the 1H candle closes, Market Energy moved from -2.7% to 14%, up +16.6% from the previous candle.
Time in Neutral energy zone: 2 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 -100 to +14.
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 16-10-2023 closed, MGG Stock was at 25.58, up 1.07% from the previous candle (25.31). Market Energy was 14%, up 16.6 points from -2.7%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did MGG price move on this 1H candle, and how large is that historically?
MGG closed at 25.58, up 1.07% from the previous 1H candle (25.31). This rise is larger than 21% of past rises on the 1H timeframe for MGG, across 113 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy rose 16.6 percentage points from the previous candle — from -2.7% to 14%. This rise is larger than 30% of past rises on the 1H timeframe for MGG.
Do MGG price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. 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 -2.7%, Neutral — this candle kept the same state, no zone change.
Where does MGG Stock energy sit within the Neutral zone?
At 14%, MGG Stock is 6.91 points from the upper boundary of Neutral (20.88%) and 34.85 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 83.9%; VN30 (VN30 basket) in Bull Critical with energy 68.9%. Against this backdrop, MGG 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 Bias with Market Energy 29.5%. MGG Stock energy is currently below DXY by 15.5 points.
See the real-time energy chart for MGG Stock.
Open Energy ChartSee the full 2AiTrading Model data for MGG on the MGG Stock overview →
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