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 -24 (out of +/-100). The model ensemble suggests the market will tend to be bearish in the nearest future.

Optimal past

• Optimal past: The optimal lookback period for modelling is currently 554 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 55.

Price Bound Modelling

• HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.2735% in the next candle, the price will fluctuate around 70.6 and with 95.0% probability will not go below 70.28 or above 70.91.

• BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 70.61 and with 95.0% probability will not go below 70.25 or above 70.91.

• Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 70.61 and with 95.0% probability will not go below 70.25 or above 70.92.

• Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 71.13 and with 95.0% probability will not go below 62.36 or above 76.41.

• Fibonacci with seven retracements: the price is likely to rebound upward from the nearest Fibonacci support of 70.3 at the level of 23.6%. The nearest Fibonacci resistance is 71.59 at the level of 38.2%.

• Fibonacci with five retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 71.59 at the level of 38.2%. The nearest Fibonacci support is 68.21 at the level of 0.0%.

• Fibonacci with four retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 71.59 at the level of 38.2%. The nearest Fibonacci support is 68.21 at the level of 0.0%.

• MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 70.63 and with 95.0% probability will not go below 70.18 or above 70.9.

Forecast

• MA model at confidence level 95.0%: the MA model forecasts a return of -0.0248% in the next candle, the price will fluctuate around 70.6 and with 95.0% probability will not go below 70.05 or above 71.14.

• AR model at confidence level 95.0%: the AR model forecasts a return of -0.0248% in the next candle, the price will fluctuate around 70.6 and with 95.0% probability will not go below 70.21 or above 70.98.

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