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| Price | ▲ 4.10% | ▼ 0.32% | ▲ 4.68% | ▼ 6.90% |
| Energy | ▲ 143.3 | ▼ 9.3 | ▲ 46.8 | ▼ 190.9 |
Trend of Bear Extreme MGG Stock 1H
▸When MGG Stock is in Bear Extreme:
- then MGG Stock moved to higher Market State: 122 times — 100%
- then MGG Stock moved to lower Market State: 0 times — 0%
▸Current MGG Stock market energy: -92.73%
- Distance to upper bound of Bear Extreme (at -74.5%): 18.23%
- Distance to bottom -100%: 7.27%
"To truly understand anything, study its history" — 2AITRADING
Following the completion of the 1H candle, Market MGG Stock in the peak Bear energy state.
On the energy side, Market Energy at -92.7%, down -190.9% from 98.2% in the previous candle.
Time in Bear Extreme 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 -92.7 to +98.2.
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 13:00 on 27-05-2024 closed, MGG Stock was at 24.15, down 6.9% from the previous candle (25.94). Market Energy was -92.7%, down 190.9 points from 98.2%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How much did MGG price move on this 1H candle, and how large is that historically?
MGG closed at 24.15, down 6.9% from the previous 1H candle (25.94). This drop is larger than 51% of past drops on the 1H timeframe for MGG, across 439 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy fell 190.9 percentage points from the previous candle — from 98.2% to -92.7%. This drop is larger than 98% 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 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 98.2%, Bull Extreme — when this candle closed, MGG Stock moved down to a lower zone: Bull Extreme → Bear Extreme.
Where does MGG Stock energy sit within the Bear Extreme zone?
At -92.7%, MGG Stock is 18.23 points from the upper boundary of Bear Extreme (-74.5%) and 7.27 points from the lower boundary (-100%) — so energy sits closer to the lower boundary at candle close.
What does Bear Extreme mean?
Bear 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 Bear 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 -54.3%; VN30 (VN30 basket) in Bear Critical with energy -67.6%. Against this backdrop, MGG Stock (Bear Extreme, -92.7%) 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 Bias with Market Energy -50.7%. MGG Stock (Bear Extreme) 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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