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| Price | ▲ 1.13% | ▲ 9.68% | ▼ 14.29% | ▲ 0.44% |
| Energy | ▲ 1.5 | ▲ 197.5 | ▼ 200.0 | ▲ 69.5 |
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: -30.54%
- Distance to upper bound of Bear Bias (at -20.88%): 9.66%
- Distance to lower bound of Bear Bias (at -60%): 29.46%
"History always repeats itself, one way or another" — 2AITRADING
As the 1H candle closes, MGG Stock in the Market Energy zone leaning Bear.
Market energy measurement Market Energy moved from -100% to -30.5%, up +69.5% from the previous candle.
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 -100 to +100.
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 14:00 on 08-11-2023 closed, MGG Stock was at 22.72, up 0.44% from the previous candle (22.62). Market Energy was -30.5%, up 69.5 points from -100%, 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 22.72, up 0.44% from the previous 1H candle (22.62). This rise is larger than 11% of past rises on the 1H timeframe for MGG, across 159 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy rose 69.5 percentage points from the previous candle — from -100% to -30.5%. This rise is larger than 73% of past rises on the 1H timeframe for MGG.
Do MGG price and energy agree?
Yes. Both price and energy moved up on this candle. 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 -100%, Bear Extreme — when this candle closed, MGG Stock moved up to a higher zone: Bear Extreme → Bear Bias.
Where does MGG Stock energy sit within the Bear Bias zone?
At -30.5%, MGG Stock is 9.66 points from the upper boundary of Bear Bias (-20.88%) and 29.46 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 Bull Extreme with energy 100%; VN30 (VN30 basket) in Bull Extreme with energy 100%. Against this backdrop, MGG Stock (Bear Bias, -30.5%) 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 22%. 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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