Stock Information for BRENT - 60m

#BRENT #60m #Commodities───────────

Ensemble model * Overview: The synthetic investment attractiveness indicator equals 5 (out of +/-100). The model ensemble suggests trading will neither be attractive or unattractive. The synthetic directional indicator equals -24 (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 245 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 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 0.2394% in the next candle, the price will fluctuate around 70.56 and with 95.0% probability will not go below 70.28 or above 70.84.

  • BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 70.57 and with 95.0% probability will not go below 70.21 or above 70.86.

  • Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 70.57 and with 95.0% probability will not go below 70.21 or above 70.87.

  • Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 70.78 and with 95.0% probability will not go below 61.07 or above 78.35.

  • Fibonacci with seven retracements: the price is likely to rebound upward from the nearest Fibonacci support of 70.29 at the level of 23.6%. The nearest Fibonacci resistance is 71.57 at the level of 38.2%.

  • Fibonacci with five retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 71.57 at the level of 38.2%. The nearest Fibonacci support is 68.21 at the level of 0.0%.

  • Fibonacci with four retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 71.57 at the level of 38.2%. The nearest Fibonacci support is 68.21 at the level of 0.0%.

  • MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 70.58 and with 95.0% probability will not go below 70.17 or above 70.89.

Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of -0.0132% in the next candle, the price will fluctuate around 70.56 and with 95.0% probability will not go below 70.03 or above 71.09.

  • AR model at confidence level 95.0%: the AR model forecasts a return of -0.0132% in the next candle, the price will fluctuate around 70.56 and with 95.0% probability will not go below 70.19 or above 70.94.

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