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| Price | ▼ 11.76% | ▲ 9.33% | ▼ 1.22% | ▼ 2.47% |
| Energy | ▼ 9.5 | ▲ 5.9 | ▲ 22.2 | ▼ 9.8 |
Trend of Bear Bias MTL Stock 1H
▸When MTL Stock is in Bear Bias:
- then MTL Stock moved to higher Market State: 39 times — 50.6%
- then MTL Stock moved to lower Market State: 38 times — 49.4%
▸Current MTL Stock market energy: -26.16%
- Distance to upper bound of Bear Bias (at -20.88%): 5.28%
- Distance to lower bound of Bear Bias (at -60%): 33.84%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
Reading from the 1H candle, MTL Stock currently in the energy zone tilted toward Bear.
Looking at the Market Energy reading, Market Energy reading dropped -9.8%, moving from -16.4% to -26.2% after the 1H candle.
Time in Bear 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, 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 14:00 on 09-05-2024 closed, MTL Stock was at 7.9, down 2.47% from the previous candle (8.1). Market Energy was -26.2%, down 9.8 points from -16.4%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did MTL price move on this 1H candle, and how large is that historically?
MTL closed at 7.9, down 2.47% from the previous 1H candle (8.1). This drop is larger than 67% of past drops on the 1H timeframe for MTL, across 563 candles since 2019.
How did MTL Stock Market Energy change from the previous candle?
Market Energy fell 9.8 percentage points from the previous candle — from -16.4% to -26.2%. This drop is larger than 58% of past drops on the 1H timeframe for MTL.
Do MTL 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 MTL Stock in on the previous 1H candle?
The previous 1H candle had MTL Stock at -16.4%, Neutral — when this candle closed, MTL Stock moved down to a lower zone: Neutral → Bear Bias.
Where does MTL Stock energy sit within the Bear Bias zone?
At -26.2%, MTL Stock is 5.28 points from the upper boundary of Bear Bias (-20.88%) and 33.84 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Bull Bias with energy 26.1%; VN30 (VN30 basket) in Neutral with energy 13.9%. Against this backdrop, MTL Stock (Bear Bias, -26.2%) 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 Bull Critical with Market Energy 60.6%. MTL Stock (Bear Bias) and DXY currently sit on opposite sides.
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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