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| Price | ▲ 4.68% | ▼ 3.47% | ▲ 31.83% | ▼ 19.27% |
| Energy | ▲ 1.5 | ▼ 1.4 | ▲ 199.7 | ▼ 8.0 |
Trend of Bull Extreme MGG Stock 1H
▸When MGG Stock is in Bull Extreme:
- then MGG Stock moved to higher Market State: 0 times — 0%
- then MGG Stock moved to lower Market State: 90 times — 100%
▸Current MGG Stock market energy: 91.89%
- Distance to peak 100%: 8.11%
- Distance to lower bound of Bull Extreme (at 74.5%): 17.39%
"A person's history reveals more than you might think" — 2AITRADING
As the 1H candle closes, MGG Stock in the peak Bull energy zone.
On trend energy, Market Energy reading dropped -8%, moving from 99.9% to 91.9% after the 1H candle.
Time in Bull Extreme 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 +99.9.
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 21-12-2023 closed, MGG Stock was at 26.65, down 19.27% from the previous candle (33.01). Market Energy was 91.9%, down 8.0 points from 99.9%, in the Bull Extreme state — controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How much did MGG price move on this 1H candle, and how large is that historically?
MGG closed at 26.65, down 19.27% from the previous 1H candle (33.01). This drop is larger than 98% of past drops on the 1H timeframe for MGG, across 224 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy fell 8 percentage points from the previous candle — from 99.9% to 91.9%. This drop is larger than 17% 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 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 99.9%, Bull Extreme — this candle kept the same state, no zone change.
Where does MGG Stock energy sit within the Bull Extreme zone?
At 91.9%, MGG Stock is 8.11 points from the upper boundary of Bull Extreme (100%) and 17.39 points from the lower boundary (74.5%) — so energy sits closer to the upper boundary at candle close.
What does Bull Extreme mean?
Bull Extreme 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 Extreme 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 82.3%; VN30 (VN30 basket) in Bull Extreme with energy 90%. Against this backdrop, MGG Stock (Bull Extreme, 91.9%) 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 40.3%. MGG Stock (Bull Extreme) 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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