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 -4 (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 220 candles. The market is currently bearish, depreciating by 7.0% 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 34.

Price Bound Modelling

• HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.5143% in the next candle, the price will fluctuate around 71.85 and with 95.0% probability will not go below 71.24 or above 72.46.

• BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 71.88 and with 95.0% probability will not go below 71.4 or above 72.29.

• Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 71.88 and with 95.0% probability will not go below 71.4 or above 72.28.

• Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 72.48 and with 95.0% probability will not go below 61.29 or above 79.64.

• Fibonacci with seven retracements: the price is likely to rebound upward from the nearest Fibonacci support of 71.66 at the level of 23.6%. The nearest Fibonacci resistance is 73.62 at the level of 38.2%.

• Fibonacci with five retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 73.62 at the level of 38.2%. The nearest Fibonacci support is 68.49 at the level of 0.0%.

• Fibonacci with four retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 73.62 at the level of 38.2%. The nearest Fibonacci support is 68.49 at the level of 0.0%.

• MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 71.89 and with 95.0% probability will not go below 71.27 or above 72.29.

Forecast

• MA model at confidence level 95.0%: the MA model forecasts a return of -0.0643% in the next candle, the price will fluctuate around 71.84 and with 95.0% probability will not go below 71.05 or above 72.61.

• AR model at confidence level 95.0%: the AR model forecasts a return of -0.0643% in the next candle, the price will fluctuate around 71.84 and with 95.0% probability will not go below 71.28 or above 72.39.

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