Stock Information for BRENT - 60m

#BRENT #60m #Commodities───────────

Ensemble model * Overview: The synthetic investment attractiveness indicator equals 19 (out of +/-100). The model ensemble suggests that trading will tend to be attractive in the nearest future. The synthetic directional indicator equals 21 (out of +/-100). The model ensemble suggests the market will tend to be bullish in the nearest future.

Optimal past * Optimal past: The optimal lookback period for modelling is currently 427 candles. The market is currently bearish, depreciating by 3.0% 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 55.

Price Bound Modelling * HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.2966% in the next candle, the price will fluctuate around 74.78 and with 95.0% probability will not go below 74.41 or above 75.14.

  • BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 74.79 and with 95.0% probability will not go below 74.37 or above 75.14.

  • Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 74.79 and with 95.0% probability will not go below 74.37 or above 75.14.

  • Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 75.11 and with 95.0% probability will not go below 71.7 or above 78.89.

  • Fibonacci with seven retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 75.3 at the level of 23.6%. The nearest Fibonacci support is 73.31 at the level of 0.0%.

  • Fibonacci with five retracements: the price is likely to rebound upward from the nearest Fibonacci support of 73.31 at the level of 0.0%. The nearest Fibonacci resistance is 76.53 at the level of 38.2%.

  • Fibonacci with four retracements: the price is likely to rebound upward from the nearest Fibonacci support of 73.31 at the level of 0.0%. The nearest Fibonacci resistance is 76.53 at the level of 38.2%.

  • MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 74.77 and with 95.0% probability will not go below 74.38 or above 75.2.

Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of -0.0345% in the next candle, the price will fluctuate around 74.77 and with 95.0% probability will not go below 74.15 or above 75.39.

  • AR model at confidence level 95.0%: the AR model forecasts a return of -0.0345% in the next candle, the price will fluctuate around 74.77 and with 95.0% probability will not go below 74.33 or above 75.2.

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 no seasonal effects on the market.

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