Analysis

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Candle close
Price and energy
MGG Stock from 27.55 to 30.41, up 10.38%
Market Energy Bull Critical 73.4% to Bull Extreme 93.1%, up 19.7 pts
Up candle #2 in a row—Price and energy are in agreement
Price and energy change · last 4 candles
Price0.00%▼ 0.33%▲ 0.66%▲ 10.38%
Energy▼ 0.0▼ 0.4▲ 0.4▲ 19.7
Volatility trend chart · last 4 sessions
0.00%▼ 0.33%▲ 0.66%▲ 10.38%▼ 0.0▼ 0.4▲ 0.4▲ 19.7
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price up 10.38% — higher than 71% of past rises
0%255075100%
Energy up 19.7 pts — higher than 41% of past rises
RESEARCH

Trend of Bull Extreme MGG Stock 1H

Sample: 840 1H candles from 2023-08-01 to 2026-09-29
Number of Bull Extreme occurrences: 90 times

▸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: 93.1%

  • Distance to peak 100%: 6.9%
  • Distance to lower bound of Bull Extreme (at 74.5%): 18.6%

"Let data guide you, but never trust it completely" — 2AITRADING

MGG · H1 · 2024-01-03 02:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
73.4%
Bull Critical
93.1%
Bull Extreme
99.9%
Bull Extreme
Zone
74.5 – 100
Bias
Buyers in control
Explanation

Observing the completed 1H candle, MGG Stock noted at the peak Bull energy state.

Market trend on the 2AiTrading energy system Energy delta +19.7%: Market Energy at 93.1%, previously 73.4%.

Time in Bull Extreme energy zone: 1 1H Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, MGG Stock Market Energy ranged from -98.8 to +98.9.

Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

Frequently asked questions

What did MGG Stock price and energy show when this 1H candle closed?

When the 1H candle at 09:00 on 03-01-2024 closed, MGG Stock was at 30.41, up 10.38% from the previous candle (27.55). Market Energy was 93.1%, up 19.7 points from 73.4%, 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 30.41, up 10.38% from the previous 1H candle (27.55). This rise is larger than 71% of past rises on the 1H timeframe for MGG, across 255 candles since 2019.

How did MGG Stock Market Energy change from the previous candle?

Market Energy rose 19.7 percentage points from the previous candle — from 73.4% to 93.1%. This rise is larger than 41% 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 73.4%, Bull Critical — when this candle closed, MGG Stock moved up to a higher zone: Bull Critical → Bull Extreme.

Where does MGG Stock energy sit within the Bull Extreme zone?

At 93.1%, MGG Stock is 6.9 points from the upper boundary of Bull Extreme (100%) and 18.6 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 Bear Bias with energy -21.5%; VN30 (VN30 basket) in Neutral with energy -2.2%. Against this backdrop, MGG Stock (Bull Extreme, 93.1%) 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 Critical with Market Energy 68.2%. MGG Stock (Bull Extreme) and DXY currently sit on the same Bull side.

Real-time Energy Chart

See the real-time energy chart for MGG Stock.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for MGG on the MGG Stock overview →

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