Stock Information for BRENT - 60m

#BRENT #60m #Commodities───────────

Ensemble model * Overview: The synthetic investment attractiveness indicator equals 14 (out of +/-100). The model ensemble suggests that trading will tend to be attractive in the nearest future. The synthetic directional indicator equals 1 (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 174 candles. The market is currently bullish, appreciating by 2.0% 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 34.

Price Bound Modelling * HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.2621% in the next candle, the price will fluctuate around 78.72 and with 95.0% probability will not go below 78.38 or above 79.06.

  • BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 78.71 and with 95.0% probability will not go below 78.33 or above 79.14.

  • Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 78.72 and with 95.0% probability will not go below 78.33 or above 79.15.

  • Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 79.07 and with 95.0% probability will not go below 67.87 or above 89.48.

  • Fibonacci with seven retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 79.35 at the level of 76.4%. The nearest Fibonacci support is 77.87 at the level of 61.8%.

  • Fibonacci with five retracements: the price is likely to rebound upward from the nearest Fibonacci support of 77.87 at the level of 61.8%. The nearest Fibonacci resistance is 81.73 at the level of 100.0%.

  • Fibonacci with four retracements: the price is likely to rebound upward from the nearest Fibonacci support of 77.87 at the level of 61.8%. The nearest Fibonacci resistance is 81.73 at the level of 100.0%.

  • MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 78.73 and with 95.0% probability will not go below 78.28 or above 79.14.

Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of -0.012% in the next candle, the price will fluctuate around 78.7 and with 95.0% probability will not go below 78.06 or above 79.34.

  • AR model at confidence level 95.0%: the AR model forecasts a return of -0.012% in the next candle, the price will fluctuate around 78.7 and with 95.0% probability will not go below 78.25 or above 79.15.

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