Stock Information for BRENT - 60m

#BRENT #60m #Commodities───────────

Ensemble model * Overview: The synthetic investment attractiveness indicator equals -3 (out of +/-100). The model ensemble suggests trading will neither be attractive or unattractive. The synthetic directional indicator equals -3 (out of +/-100). The model ensemble suggests the market will move sideways in the nearest future.

Optimal past * Optimal past: The optimal lookback period for modelling is currently 72 candles. The market is currently bullish, appreciating by 4.0% 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 3.

Price Bound Modelling * HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.2807% in the next candle, the price will fluctuate around 79.98 and with 95.0% probability will not go below 79.61 or above 80.35.

  • BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 79.96 and with 95.0% probability will not go below 79.58 or above 80.34.

  • Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 79.96 and with 95.0% probability will not go below 79.6 or above 80.35.

  • Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 79.94 and with 95.0% probability will not go below 73.73 or above 86.26.

  • Fibonacci with seven retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 80.99 at the level of 100.0%. The nearest Fibonacci support is 78.56 at the level of 76.4%.

  • Fibonacci with five retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 80.99 at the level of 100.0%. The nearest Fibonacci support is 77.06 at the level of 61.8%.

  • Fibonacci with four retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 80.99 at the level of 100.0%. The nearest Fibonacci support is 77.06 at the level of 61.8%.

  • MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 79.98 and with 95.0% probability will not go below 79.59 or above 80.37.

Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of 0.0003% in the next candle, the price will fluctuate around 79.95 and with 95.0% probability will not go below 79.36 or above 80.54.

  • AR model at confidence level 95.0%: the AR model forecasts a return of 0.0003% in the next candle, the price will fluctuate around 79.95 and with 95.0% probability will not go below 79.53 or above 80.37.

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

───────────

Not investment advice.

#BRENT #60m #trading #Distribution analysis