Stock Information for BRENT - 60m

#BRENT #60m #Commodities───────────

Ensemble model * Overview: The synthetic investment attractiveness indicator equals 13 (out of +/-100). The model ensemble suggests that trading will tend to be attractive in the nearest future. The synthetic directional indicator equals -10 (out of +/-100). The model ensemble suggests the market will tend to be bearish in the nearest future.

Optimal past * Optimal past: The optimal lookback period for modelling is currently 220 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 down.

  • 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 0.3766% in the next candle, the price will fluctuate around 77.31 and with 95.0% probability will not go below 76.83 or above 77.79.

  • BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 77.3 and with 95.0% probability will not go below 76.94 or above 77.71.

  • Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 77.31 and with 95.0% probability will not go below 76.95 or above 77.71.

  • Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 77.46 and with 95.0% probability will not go below 66.2 or above 88.07.

  • Fibonacci with seven retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 77.87 at the level of 61.8%. The nearest Fibonacci support is 76.68 at the level of 50.0%.

  • Fibonacci with five retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 77.87 at the level of 61.8%. The nearest Fibonacci support is 76.68 at the level of 50.0%.

  • Fibonacci with four retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 77.87 at the level of 61.8%. The nearest Fibonacci support is 75.49 at the level of 38.2%.

  • MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 77.32 and with 95.0% probability will not go below 76.89 or above 77.72.

Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of 0.0665% in the next candle, the price will fluctuate around 77.36 and with 95.0% probability will not go below 76.74 or above 77.98.

  • AR model at confidence level 95.0%: the AR model forecasts a return of 0.0665% in the next candle, the price will fluctuate around 77.36 and with 95.0% probability will not go below 76.92 or above 77.8.

Stability Indicators * Generalised extreme value: According to the indicator, the market is stable

  • 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