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| Price | ▲ 0.74% | ▲ 13.78% | ▲ 6.40% | ▼ 14.41% |
| Energy | ▼ 25.5 | ▲ 4.8 | ▲ 134.4 | ▼ 111.2 |
Trend of Bear Critical MGG Stock 1H
▸When MGG Stock is in Bear Critical:
- then MGG Stock moved to higher Market State: 25 times — 43.9%
- then MGG Stock moved to lower Market State: 32 times — 56.1%
▸Current MGG Stock market energy: -71.91%
- Distance to upper bound of Bear Critical (at -60%): 11.91%
- Distance to lower bound of Bear Critical (at -74.5%): 2.59%
"History always repeats itself, one way or another" — 2AITRADING
Right as the 1H candle closes, MGG Stock currently in the Bear Critical zone.
On the 2AiTrading energy system, Market Energy dropped -111.2% this candle, currently -71.9% (previous candle 39.2%).
Time in Bear 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 -100 to +39.2.
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 22-01-2024 closed, MGG Stock was at 25.49, down 14.41% from the previous candle (29.78). Market Energy was -71.9%, down 111.2 points from 39.2%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How much did MGG price move on this 1H candle, and how large is that historically?
MGG closed at 25.49, down 14.41% from the previous 1H candle (29.78). This drop is larger than 83% of past drops on the 1H timeframe for MGG, across 285 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy fell 111.2 percentage points from the previous candle — from 39.2% to -71.9%. This drop is larger than 81% 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 39.2%, Bull Bias — when this candle closed, MGG Stock moved down to a lower zone: Bull Bias → Bear Critical.
Where does MGG Stock energy sit within the Bear Critical zone?
At -71.9%, MGG Stock is 11.91 points from the upper boundary of Bear Critical (-60%) and 2.59 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bear Critical mean?
Bear 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 Bear 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 Bull Extreme with energy 90.1%; VN30 (VN30 basket) in Bull Extreme with energy 75.9%. Against this backdrop, MGG Stock (Bear Critical, -71.9%) lower 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 Bear Critical with Market Energy -64.3%. MGG Stock (Bear Critical) and DXY currently sit on the same Bear 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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