Analysis

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Candle close
Price and energy
MGG Stock from 24.15 to 26.83, up 11.10%
Market Energy Bull Critical 60.1% to Bull Extreme 86.2%, up 26.2 pts
Price and energy are in agreement
Price and energy change · last 4 candles
Price▲ 6.37%▼ 2.80%▼ 2.19%▲ 11.10%
Energy▲ 182.7▲ 4.7▼ 38.0▲ 26.2
Volatility trend chart · last 4 sessions
▲ 6.37%▼ 2.80%▼ 2.19%▲ 11.10%▲ 182.7▲ 4.7▼ 38.0▲ 26.2
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price up 11.10% — higher than 75% of past rises
0%255075100%
Energy up 26.2 pts — higher than 46% 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: 86.22%

  • Distance to peak 100%: 13.78%
  • Distance to lower bound of Bull Extreme (at 74.5%): 11.72%

"Why does archaeology matter?" — 2AITRADING

MGG · H1 · 2024-06-05 02:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
60.1%
Bull Critical
86.2%
Bull Extreme
56.2%
Bull Bias
Zone
74.5 – 100
Bias
Buyers in control
Explanation

MGG Stock classified into the Bull Extreme level after the 1H candle completed.

Market energy measurement Energy delta +26.2%: Market Energy at 86.2%, previously 60.1%.

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 -96.9 to +98.7.

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 05-06-2024 closed, MGG Stock was at 26.83, up 11.1% from the previous candle (24.15). Market Energy was 86.2%, up 26.2 points from 60.1%, 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 26.83, up 11.1% from the previous 1H candle (24.15). This rise is larger than 75% of past rises on the 1H timeframe for MGG, across 455 candles since 2019.

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

Market Energy rose 26.2 percentage points from the previous candle — from 60.1% to 86.2%. This rise is larger than 46% 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 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 60.1%, 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 86.2%, MGG Stock is 13.78 points from the upper boundary of Bull Extreme (100%) and 11.72 points from the lower boundary (74.5%) — so energy sits closer to the lower 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 Neutral with energy 3.5%; VN30 (VN30 basket) in Bull Bias with energy 26.9%. Against this backdrop, MGG Stock (Bull Extreme, 86.2%) 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 Bear Bias with Market Energy -22.4%. MGG Stock (Bull Extreme) and DXY currently sit on opposite sides.

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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