Stock Information for BRENT - 60m

#BRENT #60m #Commodities───────────

Ensemble model * Overview: The synthetic investment attractiveness indicator equals 4 (out of +/-100). The model ensemble suggests trading will neither be attractive or unattractive. The synthetic directional indicator equals 39 (out of +/-100). The model ensemble predicts that the market will be bullish in the nearest future.

Optimal past * Optimal past: The optimal lookback period for modelling is currently 64 candles. The market is currently bullish, appreciating 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 3.

Price Bound Modelling * HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.2302% in the next candle, the price will fluctuate around 79.65 and with 95.0% probability will not go below 79.35 or above 79.95.

  • BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 79.63 and with 95.0% probability will not go below 79.25 or above 80.01.

  • Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 79.64 and with 95.0% probability will not go below 79.28 or above 80.02.

  • Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 79.51 and with 95.0% probability will not go below 73.78 or above 85.35.

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

  • 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 79.65 and with 95.0% probability will not go below 79.27 or above 80.04.

Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of 0.0265% in the next candle, the price will fluctuate around 79.64 and with 95.0% probability will not go below 79.05 or above 80.23.

  • AR model at confidence level 95.0%: the AR model forecasts a return of 0.0265% in the next candle, the price will fluctuate around 79.64 and with 95.0% probability will not go below 79.23 or above 80.06.

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 seasonal effects on the market with cycle periodicity 19.

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