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| Price | ▲ 11.54% | ▼ 2.30% | ▼ 16.47% | ▲ 12.68% |
| Energy | ▲ 137.2 | ▲ 23.7 | ▼ 62.5 | ▲ 37.2 |
Trend of Bull Bias MTL Stock 1H
▸When MTL Stock is in Bull Bias:
- then MTL Stock moved to higher Market State: 38 times — 51.4%
- then MTL Stock moved to lower Market State: 36 times — 48.6%
▸Current MTL Stock market energy: 51.31%
- Distance to upper bound of Bull Bias (at 60%): 8.69%
- Distance to lower bound of Bull Bias (at 20.88%): 30.43%
"Does history really repeat itself?" — 2AITRADING
As the 1H candle closes, MTL Stock within the Bull trend energy zone.
Looking at the Market Energy reading, Market Energy rose +37.2% from the previous candle, from 14.1% to 51.3%.
Time in Bull 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 -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 14:00 on 04-06-2024 closed, MTL Stock was at 8, up 12.68% from the previous candle (7.1). Market Energy was 51.3%, up 37.2 points from 14.1%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did MTL price move on this 1H candle, and how large is that historically?
MTL closed at 8, up 12.68% from the previous 1H candle (7.1). This rise is larger than 94% of past rises on the 1H timeframe for MTL, across 632 candles since 2019.
How did MTL Stock Market Energy change from the previous candle?
Market Energy rose 37.2 percentage points from the previous candle — from 14.1% to 51.3%. This rise is larger than 79% of past rises on the 1H timeframe for MTL.
Do MTL price and energy agree?
Yes. On this candle price rose and energy rose — both moved the same way. 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 14.1%, Neutral — when this candle closed, MTL Stock moved up to a higher zone: Neutral → Bull Bias.
Where does MTL Stock energy sit within the Bull Bias zone?
At 51.3%, MTL Stock is 8.69 points from the upper boundary of Bull Bias (60%) and 30.43 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Neutral with energy 3.5%; VN30 (VN30 basket) in Bull Bias with energy 26.9%. Against this backdrop, MTL Stock (Bull Bias, 51.3%) has higher energy 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 Bear Bias with Market Energy -23.7%. MTL Stock (Bull 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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