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| Price | ▲ 0.38% | ▲ 0.38% | ▲ 4.10% | ▼ 0.32% |
| Energy | ▲ 18.2 | ▼ 49.8 | ▲ 143.3 | ▼ 9.3 |
Trend of Bull Bias MGG Stock 1H
▸When MGG Stock is in Bull Bias:
- then MGG Stock moved to higher Market State: 31 times — 39.2%
- then MGG Stock moved to lower Market State: 48 times — 60.8%
▸Current MGG Stock market energy: 51.44%
- Distance to upper bound of Bull Bias (at 60%): 8.56%
- Distance to lower bound of Bull Bias (at 20.88%): 30.56%
"To truly understand anything, study its history" — 2AITRADING
The Bull Bias state is the result just recorded for MGG Stock after the 1H candle closed.
End-of-session update for 1H, A -9.3% change from the previous candle, Market Energy is now 51.4% (previous: 60.7%).
Time in Bull Bias 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 -99.3 to +100.
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 14:00 on 24-05-2024 closed, MGG Stock was at 24.78, down 0.32% from the previous candle (24.86). Market Energy was 51.4%, down 9.3 points from 60.7%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did MGG price move on this 1H candle, and how large is that historically?
MGG closed at 24.78, down 0.32% from the previous 1H candle (24.86). This drop is larger than 1% of past drops on the 1H timeframe for MGG, across 437 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy fell 9.3 percentage points from the previous candle — from 60.7% to 51.4%. This drop is larger than 21% 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 60.7%, Bull Critical — when this candle closed, MGG Stock moved down to a lower zone: Bull Critical → Bull Bias.
Where does MGG Stock energy sit within the Bull Bias zone?
At 51.4%, MGG Stock is 8.56 points from the upper boundary of Bull Bias (60%) and 30.56 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull Bias 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 Bias 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 Critical with energy -65.8%; VN30 (VN30 basket) in Bear Bias with energy -58.9%. Against this backdrop, MGG Stock (Bull Bias, 51.4%) 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 Neutral with Market Energy 3.4%. MGG Stock energy is currently above DXY by 48.1 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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