Analysis

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Candle close
Price and energy
PGS Stock from 29.4 to 27.96, down 4.90%
Market Energy Bull Bias 57.7% to Bear Bias -53.8%, down 111.6 pts
Down candle #3 in a row—Price and energy are in agreement
Price and energy change · last 4 candles
Price▲ 2.49%▼ 0.30%▼ 0.34%▼ 4.90%
Energy▼ 10.3▼ 14.3▼ 10.3▼ 111.6
Volatility trend chart · last 4 sessions
▲ 2.49%▼ 0.30%▼ 0.34%▼ 4.90%▼ 10.3▼ 14.3▼ 10.3▼ 111.6
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price down 4.90% — higher than 79% of past drops
0%255075100%
Energy down 111.6 pts — higher than 88% of past drops
RESEARCH

Trend of Bear Bias PGS Stock 1H

Sample: 937 1H candles from 2023-07-31 to 2026-09-28
Number of Bear Bias occurrences: 45 times

▸When PGS Stock is in Bear Bias:

  • then PGS Stock moved to higher Market State: 26 times — 57.8%
  • then PGS Stock moved to lower Market State: 19 times — 42.2%

▸Current PGS Stock market energy: -53.83%

  • Distance to upper bound of Bear Bias (at -20.88%): 32.95%
  • Distance to lower bound of Bear Bias (at -60%): 6.17%

"Does history really repeat itself?" — 2AITRADING

PGS · H1 · 2024-10-28 06:00 UTC
Preview the last 30 candles — price and energy
View live PGS chart →
Market Energy
57.7%
Bull Bias
-53.8%
Bear Bias
12.7%
Neutral
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

Right as the 1H candle closes, PGS noted at the Bear Bias energy state.

On the energy side, Market Energy at -53.8%, down -111.6% from 57.7% in the previous candle.

Time in Bear Bias energy zone: 1 1H Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, PGS Stock Market Energy ranged from -53.8 to +68.

Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

Frequently asked questions

What did PGS Stock price and energy show when this 1H candle closed?

When the 1H candle at 13:00 on 28-10-2024 closed, PGS Stock was at 27.96, down 4.9% from the previous candle (29.4). Market Energy was -53.8%, down 111.6 points from 57.7%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.

How much did PGS price move on this 1H candle, and how large is that historically?

PGS closed at 27.96, down 4.9% from the previous 1H candle (29.4). This drop is larger than 79% of past drops on the 1H timeframe for PGS, across 528 candles since 2019.

How did PGS Stock Market Energy change from the previous candle?

Market Energy fell 111.6 percentage points from the previous candle — from 57.7% to -53.8%. This drop is larger than 88% of past drops on the 1H timeframe for PGS.

Do PGS 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 PGS Stock in on the previous 1H candle?

The previous 1H candle had PGS Stock at 57.7%, Bull Bias — when this candle closed, PGS Stock moved down to a lower zone: Bull Bias → Bear Bias.

Where does PGS Stock energy sit within the Bear Bias zone?

At -53.8%, PGS Stock is 32.95 points from the upper boundary of Bear Bias (-20.88%) and 6.17 points from the lower boundary (-60%) — so energy sits closer to the lower 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 Bear Extreme with energy -75.7%; VN30 (VN30 basket) in Bear Critical with energy -63.1%. Against this backdrop, PGS Stock (Bear Bias, -53.8%) has higher energy 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 Bias with Market Energy 58.8%. PGS Stock (Bear Bias) and DXY currently sit on opposite sides.

Real-time Energy Chart

See the real-time energy chart for PGS Stock.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for PGS on the PGS Stock overview →

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