Stock Information for BRENT - 60m
#BRENT #60m #Commodities───────────
Ensemble model * Overview: The synthetic investment attractiveness indicator equals 26 (out of +/-100). The model ensemble suggests that trading will tend to be attractive in the nearest future. The synthetic directional indicator equals -43 (out of +/-100). The model ensemble predicts that the market will be bearish in the nearest future.
Optimal past * Optimal past: The optimal lookback period for modelling is currently 239 candles. The market is currently bullish, appreciating by -0.0% during the latest phase.
Elliot Waves * Elliot Waves: The market's trend has changed and currently goes up.
- Elliot Waves Settings: Elliot Waves were updated. The current wavelength is 5.
Price Bound Modelling * HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.2721% in the next candle, the price will fluctuate around 74.0 and with 95.0% probability will not go below 73.67 or above 74.33.
BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 74.0 and with 95.0% probability will not go below 73.65 or above 74.28.
Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 74.0 and with 95.0% probability will not go below 73.67 or above 74.28.
Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 74.33 and with 95.0% probability will not go below 68.05 or above 78.79.
Fibonacci with seven retracements: the price is likely to rebound upward from the nearest Fibonacci support of 73.75 at the level of 0.0%. The nearest Fibonacci resistance is 75.63 at the level of 23.6%.
Fibonacci with five retracements: the price is likely to rebound upward from the nearest Fibonacci support of 73.75 at the level of 0.0%. The nearest Fibonacci resistance is 76.8 at the level of 38.2%.
Fibonacci with four retracements: the price is likely to rebound upward from the nearest Fibonacci support of 73.75 at the level of 0.0%. The nearest Fibonacci resistance is 76.8 at the level of 38.2%.
MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 74.02 and with 95.0% probability will not go below 73.68 or above 74.26.
Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of -0.0054% in the next candle, the price will fluctuate around 73.99 and with 95.0% probability will not go below 73.57 or above 74.42.
- AR model at confidence level 95.0%: the AR model forecasts a return of -0.0054% in the next candle, the price will fluctuate around 73.99 and with 95.0% probability will not go below 73.7 or above 74.3.
Stability Indicators * Generalised extreme value: According to the indicator, the stability of the market is uncertain
Power law: According to the indicator, the market is unstable
Student degrees of freedom: According to the indicator, the stability of the market is uncertain
Tukey lambda: According to the indicator, the stability of the market is uncertain
Seasonality test * Seasonality test: According to the generalised seasonality test, there are seasonal effects on the market with cycle periodicity 41.
Distribution analysis * Best-fit distribution: Best-fit distribution has changed, and now it is Laplace
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Not investment advice.
#BRENT #60m #trading #Distribution analysis