Stock Information for BRENT - 60m

#BRENT #60m #Commodities───────────

Ensemble model * Overview: The synthetic investment attractiveness indicator equals 7 (out of +/-100). The model ensemble suggests trading will neither be attractive or unattractive. The synthetic directional indicator equals -14 (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 399 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 13.

Price Bound Modelling * HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.2802% in the next candle, the price will fluctuate around 76.15 and with 95.0% probability will not go below 75.8 or above 76.5.

  • BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 76.14 and with 95.0% probability will not go below 75.81 or above 76.53.

  • Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 76.14 and with 95.0% probability will not go below 75.81 or above 76.53.

  • Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 76.55 and with 95.0% probability will not go below 69.59 or above 81.48.

  • Fibonacci with seven retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 76.68 at the level of 50.0%. The nearest Fibonacci support is 75.49 at the level of 38.2%.

  • Fibonacci with five retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 76.68 at the level of 50.0%. The nearest Fibonacci support is 75.49 at the level of 38.2%.

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

  • MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 76.17 and with 95.0% probability will not go below 75.73 or above 76.49.

Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of -0.0083% in the next candle, the price will fluctuate around 76.15 and with 95.0% probability will not go below 75.6 or above 76.71.

  • AR model at confidence level 95.0%: the AR model forecasts a return of -0.0083% in the next candle, the price will fluctuate around 76.15 and with 95.0% probability will not go below 75.76 or above 76.55.

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 31.

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