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| Price | ▲ 2.63% | ▲ 11.54% | ▼ 2.30% | ▼ 16.47% |
| Energy | ▲ 11.5 | ▲ 137.2 | ▲ 23.7 | ▼ 62.5 |
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: 14.13%
- Distance to upper bound of Neutral (at 20.88%): 6.75%
- Distance to lower bound of Neutral (at -20.88%): 35.01%
"A person's history reveals more than you might think" — 2AITRADING
After the 1H candle closes, MTL Stock within the neutral energy state.
Per the 2AiTrading energy measurement system, Compared to the previous candle (76.6%), Market Energy dropped -62.5% to 14.1%.
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 -95.8 to +76.6.
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 04-06-2024 closed, MTL Stock was at 7.1, down 16.47% from the previous candle (8.5). Market Energy was 14.1%, down 62.5 points from 76.6%, 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 7.1, down 16.47% from the previous 1H candle (8.5). This is the largest of all drops on the 1H timeframe for MTL on record since 2019.
How did MTL Stock Market Energy change from the previous candle?
Market Energy fell 62.5 percentage points from the previous candle — from 76.6% to 14.1%. This drop is larger than 88% of past drops on the 1H timeframe for MTL.
Do MTL price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 76.6%, Bull Extreme — when this candle closed, MTL Stock moved down to a lower zone: Bull Extreme → Neutral.
Where does MTL Stock energy sit within the Neutral zone?
At 14.1%, MTL Stock is 6.75 points from the upper boundary of Neutral (20.88%) and 35.01 points from the lower boundary (-20.88%) — so energy sits closer to the upper 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 36%; VN30 (VN30 basket) in Bull Bias with energy 38.2%. Against this backdrop, MTL Stock (Neutral, 14.1%) 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 -40.7%. MTL Stock energy is currently above DXY by 54.9 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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