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| Price | ▼ 21.15% | ▲ 0.33% | 0.00% | ▼ 0.33% |
| Energy | ▼ 13.9 | ▼ 11.5 | ▼ 0.0 | ▼ 0.4 |
Trend of Bull Critical MGG Stock 1H
▸When MGG Stock is in Bull Critical:
- then MGG Stock moved to higher Market State: 10 times — 25%
- then MGG Stock moved to lower Market State: 30 times — 75%
▸Current MGG Stock market energy: 73.02%
- Distance to upper bound of Bull Critical (at 74.5%): 1.48%
- Distance to lower bound of Bull Critical (at 60%): 13.02%
"History always repeats itself, one way or another" — 2AITRADING
From the just-closed 1H candle data, MGG Stock noted at the Bull Critical state.
End-of-session update for 1H, Market Energy dropped -0.4% this candle, currently 73% (previous candle 73.5%).
Time in Bull Critical 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 -98.8 to +98.9.
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 13:00 on 02-01-2024 closed, MGG Stock was at 27.37, down 0.33% from the previous candle (27.46). Market Energy was 73%, down 0.4 points from 73.5%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How much did MGG price move on this 1H candle, and how large is that historically?
MGG closed at 27.37, down 0.33% from the previous 1H candle (27.46). This drop is larger than 2% of past drops on the 1H timeframe for MGG, across 253 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy fell 0.4 percentage points from the previous candle — from 73.5% to 73%. This drop is larger than 6% of past drops on the 1H timeframe for MGG.
Do MGG price and energy agree?
Yes. Both price and energy moved down 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 73.5%, Bull Critical — this candle kept the same state, no zone change.
Where does MGG Stock energy sit within the Bull Critical zone?
At 73%, MGG Stock is 1.48 points from the upper boundary of Bull Critical (74.5%) and 13.02 points from the lower boundary (60%) — so energy sits closer to the upper boundary at candle close.
What does Bull Critical mean?
Bull Critical 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 Critical 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 Neutral with energy -16.9%; VN30 (VN30 basket) in Neutral with energy 16.8%. Against this backdrop, MGG Stock (Bull Critical, 73%) 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 26.9%. MGG Stock (Bull Critical) 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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