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| Price | ▲ 8.45% | ▲ 3.14% | ▲ 7.55% | ▼ 10.43% |
| Energy | ▲ 187.1 | ▲ 1.3 | ▼ 27.6 | ▼ 53.2 |
Trend of Neutral MGG Stock 1H
▸When MGG Stock is in Neutral:
- then MGG Stock moved to higher Market State: 19 times — 45.2%
- then MGG Stock moved to lower Market State: 23 times — 54.8%
▸Current MGG Stock market energy: 9.56%
- Distance to upper bound of Neutral (at 20.88%): 11.32%
- Distance to lower bound of Neutral (at -20.88%): 30.44%
"History always repeats itself, one way or another" — 2AITRADING
From the just-closed 1H candle data, MGG Stock noted at the Neutral zone.
Market movement just recorded on the 1H timeframe, Market Energy at 9.6%, down -53.2% from 62.8% in the previous candle.
Time in Neutral 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 +90.4.
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 10:00 on 04-03-2024 closed, MGG Stock was at 28.44, down 10.43% from the previous candle (31.75). Market Energy was 9.6%, down 53.2 points from 62.8%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did MGG price move on this 1H candle, and how large is that historically?
MGG closed at 28.44, down 10.43% from the previous 1H candle (31.75). This drop is larger than 66% of past drops on the 1H timeframe for MGG, across 343 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy fell 53.2 percentage points from the previous candle — from 62.8% to 9.6%. This drop is larger than 70% 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 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 62.8%, Bull Critical — when this candle closed, MGG Stock moved down to a lower zone: Bull Critical → Neutral.
Where does MGG Stock energy sit within the Neutral zone?
At 9.6%, MGG Stock is 11.32 points from the upper boundary of Neutral (20.88%) and 30.44 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 Critical with energy 71.3%; VN30 (VN30 basket) in Neutral with energy 19.1%. Against this backdrop, MGG Stock (Neutral, 9.6%) lower than VNINDEX; sits in the same state zone as 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 -62.3%. MGG Stock energy is currently above DXY by 71.8 points.
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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