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| Price | ▼ 1.49% | ▼ 0.71% | ▲ 13.59% | ▲ 8.35% |
| Energy | ▲ 3.9 | ▲ 4.0 | ▼ 72.7 | ▲ 156.9 |
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: 56.93%
- Distance to upper bound of Bull Bias (at 60%): 3.07%
- Distance to lower bound of Bull Bias (at 20.88%): 36.05%
"Does history really repeat itself?" — 2AITRADING
As the 1H candle closes, Market MGG Stock in trend energy leaning Bull.
Per the 2AiTrading energy measurement system, Market Energy reading rose +156.9%, moving from -100% to 56.9% after the 1H candle.
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 -100 to +99.6.
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 19-12-2023 closed, MGG Stock was at 29.07, up 8.35% from the previous candle (26.83). Market Energy was 56.9%, up 156.9 points from -100%, 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 29.07, up 8.35% from the previous 1H candle (26.83). This rise is larger than 67% of past rises on the 1H timeframe for MGG, across 219 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy rose 156.9 percentage points from the previous candle — from -100% to 56.9%. This rise is larger than 90% 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 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 → Bull Bias.
Where does MGG Stock energy sit within the Bull Bias zone?
At 56.9%, MGG Stock is 3.07 points from the upper boundary of Bull Bias (60%) and 36.05 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 Bear Extreme with energy -79%; VN30 (VN30 basket) in Bear Critical with energy -72%. Against this backdrop, MGG Stock (Bull Bias, 56.9%) has higher energy 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 45.2%. MGG Stock (Bull Bias) and DXY currently sit on the same Bull side.
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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