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| Price | ▲ 7.65% | ▼ 6.07% | ▲ 14.84% | ▼ 17.22% |
| Energy | ▲ 72.3 | ▼ 69.3 | ▲ 185.9 | ▼ 131.3 |
Trend of Bear Bias MGG Stock 1H
▸When MGG Stock is in Bear Bias:
- then MGG Stock moved to higher Market State: 35 times — 43.8%
- then MGG Stock moved to lower Market State: 45 times — 56.3%
▸Current MGG Stock market energy: -40.03%
- Distance to upper bound of Bear Bias (at -20.88%): 19.15%
- Distance to lower bound of Bear Bias (at -60%): 19.97%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
MGG Stock recorded in the energy zone tilted toward Bear as the 1H candle ended.
The market energy reading Market trend energy recorded a -131.3% drop from the previous candle, from 91.3% to -40%.
Time in Bear 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 -97.6 to +91.3.
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 13:00 on 31-10-2023 closed, MGG Stock was at 22.36, down 17.22% from the previous candle (27.01). Market Energy was -40%, down 131.3 points from 91.3%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did MGG price move on this 1H candle, and how large is that historically?
MGG closed at 22.36, down 17.22% from the previous 1H candle (27.01). This drop is larger than 96% of past drops on the 1H timeframe for MGG, across 144 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy fell 131.3 percentage points from the previous candle — from 91.3% to -40%. This drop is larger than 87% of past drops on the 1H timeframe for MGG.
Do MGG price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes the candle that just closed; it does not say where price goes next.
What state was MGG Stock in on the previous 1H candle?
The previous 1H candle had MGG Stock at 91.3%, Bull Extreme — when this candle closed, MGG Stock moved down to a lower zone: Bull Extreme → Bear Bias.
Where does MGG Stock energy sit within the Bear Bias zone?
At -40%, MGG Stock is 19.15 points from the upper boundary of Bear Bias (-20.88%) and 19.97 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Bear Bias with energy -54.1%; VN30 (VN30 basket) in Bear Bias with energy -58%. Against this backdrop, MGG Stock (Bear Bias, -40%) sits in the same state zone as 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 23.9%. MGG Stock (Bear 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 →
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