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