We assign a technical rating of 3 out of 10 to BNO. Recently some decent action could be observed, but in the medium term time frame this is still negative. BNO was also a bad performer in the overall market in the last year.
The technical rating of BNO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
26.66
2 important support areas can be observed.
- A support zone ranging from 27.38 to 29.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 30.07 to 30.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 32.65 to 33.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BNO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BNO is neutral. |
| ChartMill Relative Strength | 26.73 | NEGATIVE | BNO has a low relative strength, it was outperformed by 73.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BNO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BNO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.56 | NEUTRAL | The RSI value for BNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests BNO has a positive trend. |
| Stochastics (14,3) | 72.28 | NEUTRAL | The Stochastics value for BNO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for BNO suggests low volalility. |
| Average Directional Index/ADX (14) | 11.43 | NEGATIVE | The low ADX value for BNO suggests a weak or negative trend. |
NYSEARCA:BNO (1/9/2026, 8:04:00 PM)
29.32
+0.05 (+0.17%)
UNITED STATES BRENT OIL FUND / BNO FAQ
What is the technical rating for BNO stock?
ChartMill assigns a technical rating of 3 / 10 to BNO.
Can you provide the trend direction for UNITED STATES BRENT OIL FUND?
The current trend direction for UNITED STATES BRENT OIL FUND (BNO) is Bearish.
Can you provide the RSI signal for UNITED STATES BRENT OIL FUND?
UNITED STATES BRENT OIL FUND (BNO) has an RSI value of 57.5564. This indicates that the stock is currently neutral.
What is the short term momentum for BNO stock?
The short term momentum for UNITED STATES BRENT OIL FUND (BNO) is neutral.