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| Price | ▼ 4.49% | ▼ 11.76% | ▲ 9.33% | ▼ 1.22% |
| Energy | ▲ 7.6 | ▼ 9.5 | ▲ 5.9 | ▲ 22.2 |
Trend of Neutral MTL Stock 1H
▸When MTL Stock is in Neutral:
- then MTL Stock moved to higher Market State: 34 times — 57.6%
- then MTL Stock moved to lower Market State: 25 times — 42.4%
▸Current MTL Stock market energy: -16.36%
- Distance to upper bound of Neutral (at 20.88%): 37.24%
- Distance to lower bound of Neutral (at -20.88%): 4.52%
"Does history really repeat itself?" — 2AITRADING
As the 1H candle completes, MTL Stock within the zone between Bull and Bear energy.
On the measurement side, Market trend energy recorded a +22.2% rise from the previous candle, from -38.5% to -16.4%.
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, MTL Stock Market Energy ranged from -80.7 to +93.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did MTL Stock price and energy show when this 1H candle closed?
When the 1H candle at 13:00 on 09-05-2024 closed, MTL Stock was at 8.1, down 1.22% from the previous candle (8.2). Market Energy was -16.4%, up 22.2 points from -38.5%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did MTL price move on this 1H candle, and how large is that historically?
MTL closed at 8.1, down 1.22% from the previous 1H candle (8.2). This drop is larger than 0% of past drops on the 1H timeframe for MTL, across 562 candles since 2019.
How did MTL Stock Market Energy change from the previous candle?
Market Energy rose 22.2 percentage points from the previous candle — from -38.5% to -16.4%. This rise is larger than 69% of past rises on the 1H timeframe for MTL.
Do MTL price and energy agree?
No. On this candle price fell but energy rose — the two moved in opposite directions. This describes a closed candle, not a forecast of where price goes next.
What state was MTL Stock in on the previous 1H candle?
The previous 1H candle had MTL Stock at -38.5%, Bear Bias — when this candle closed, MTL Stock moved up to a higher zone: Bear Bias → Neutral.
Where does MTL Stock energy sit within the Neutral zone?
At -16.4%, MTL Stock is 37.24 points from the upper boundary of Neutral (20.88%) and 4.52 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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 Bias with energy 30.2%; VN30 (VN30 basket) in Neutral with energy 6.6%. Against this backdrop, MTL Stock (Neutral, -16.4%) 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 Bull Bias with Market Energy 38.5%. MTL Stock energy is currently below DXY by 54.8 points.
See the real-time energy chart for MTL Stock.
Open Energy ChartSee the full 2AiTrading Model data for MTL on the MTL Stock overview →
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