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| Price | ▲ 5.09% | 0.00% | 0.00% | ▲ 11.10% |
| Energy | ▲ 32.8 | ▼ 15.2 | ▼ 0.0 | ▲ 65.6 |
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: 17.47%
- Distance to upper bound of Neutral (at 20.88%): 3.41%
- Distance to lower bound of Neutral (at -20.88%): 38.35%
"Let data guide you, but never trust it completely" — 2AITRADING
After the 1H candle closes, MGG Stock currently in neutral energy.
On the 2AiTrading energy system, Compared to the previous candle (-48.1%), Market Energy rose +65.6% to 17.5%.
Time in Neutral 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 -99.8 to +65.9.
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 22-11-2023 closed, MGG Stock was at 26.83, up 11.1% from the previous candle (24.15). Market Energy was 17.5%, up 65.6 points from -48.1%, 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 26.83, up 11.1% from the previous 1H candle (24.15). This rise is larger than 81% of past rises on the 1H timeframe for MGG, across 179 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy rose 65.6 percentage points from the previous candle — from -48.1% to 17.5%. This rise is larger than 70% 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 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 -48.1%, Bear Bias — when this candle closed, MGG Stock moved up to a higher zone: Bear Bias → Neutral.
Where does MGG Stock energy sit within the Neutral zone?
At 17.5%, MGG Stock is 3.41 points from the upper boundary of Neutral (20.88%) and 38.35 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 Bias with energy 24.1%; VN30 (VN30 basket) in Neutral with energy 8.4%. Against this backdrop, MGG Stock (Neutral, 17.5%) lower than VNINDEX; sits in the same state zone as 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 56.5%. MGG Stock energy is currently below DXY by 39 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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