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| Price | ▼ 3.25% | ▼ 8.65% | ▲ 16.77% | ▼ 11.25% |
| Energy | ▼ 158.3 | ▲ 44.9 | ▲ 141.9 | ▼ 160.0 |
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: -61.95%
- Distance to upper bound of Bear Critical (at -60%): 1.95%
- Distance to lower bound of Bear Critical (at -74.5%): 12.55%
"A person's history reveals more than you might think" — 2AITRADING
The near-peak Bear energy level determined for MGG Stock through the 1H candle data.
On the energy side, The energy level dropped -160%: from 98.1% now at -61.9%.
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 -99.8 to +98.1.
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 18-06-2024 closed, MGG Stock was at 25.4, down 11.25% from the previous candle (28.62). Market Energy was -61.9%, down 160.0 points from 98.1%, 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 25.4, down 11.25% from the previous 1H candle (28.62). This drop is larger than 73% of past drops on the 1H timeframe for MGG, across 481 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy fell 160 percentage points from the previous candle — from 98.1% to -61.9%. This drop is larger than 92% of past drops on the 1H timeframe for MGG.
Do MGG price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. 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 98.1%, Bull Extreme — when this candle closed, MGG Stock moved down to a lower zone: Bull Extreme → Bear Critical.
Where does MGG Stock energy sit within the Bear Critical zone?
At -61.9%, MGG Stock is 1.95 points from the upper boundary of Bear Critical (-60%) and 12.55 points from the lower boundary (-74.5%) — so energy sits closer to the upper 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 Bias with energy 49.6%; VN30 (VN30 basket) in Bull Bias with energy 38.4%. Against this backdrop, MGG Stock (Bear Critical, -61.9%) 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 Bias with Market Energy -49%. 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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