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 -80 (out of +/-100). The model ensemble is confident that the market will be bearish in the nearest future.

Optimal past

• Optimal past: The optimal lookback period for modelling is currently 172 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 5.

Price Bound Modelling

• HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.2866% in the next candle, the price will fluctuate around 75.45 and with 95.0% probability will not go below 75.09 or above 75.81.

• BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 75.46 and with 95.0% probability will not go below 75.09 or above 75.75.

• Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 75.46 and with 95.0% probability will not go below 75.1 or above 75.75.

• Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 75.07 and with 95.0% probability will not go below 71.35 or above 80.84.

• Fibonacci with seven retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 75.73 at the level of 23.6%. The nearest Fibonacci support is 73.87 at the level of 0.0%.

• Fibonacci with five retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 76.87 at the level of 38.2%. The nearest Fibonacci support is 73.87 at the level of 0.0%.

• Fibonacci with four retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 76.87 at the level of 38.2%. The nearest Fibonacci support is 73.87 at the level of 0.0%.

• MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 75.42 and with 95.0% probability will not go below 75.17 or above 75.82.

Forecast

• MA model at confidence level 95.0%: the MA model forecasts a return of 0.0039% in the next candle, the price will fluctuate around 75.45 and with 95.0% probability will not go below 74.92 or above 75.98.

• AR model at confidence level 95.0%: the AR model forecasts a return of 0.0039% in the next candle, the price will fluctuate around 75.45 and with 95.0% probability will not go below 75.08 or above 75.83.

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