We assign a technical rating of 0 out of 10 to BNO. BNO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BNO has a poor technical rating and the quality of the setup is also only medium 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.
- Support @27.75 from a horizontal line in the daily time frame.
- A support zone ranging from 26.93 to 27.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 28.16 to 30.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.24 to 31.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.65 from a horizontal line in the weekly time frame.
- Resistance @33.43 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for BNO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BNO is down. |
| ChartMill Relative Strength | 27.57 | NEGATIVE | BNO has a low relative strength, it was outperformed by 72.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BNO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BNO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.36 | NEUTRAL | The RSI value for BNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests BNO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.32 | NEUTRAL | The Stochastics value for BNO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for BNO suggests low volalility. |
| Average Directional Index/ADX (14) | 13.01 | NEGATIVE | The low ADX value for BNO suggests a weak or negative trend. |
27.93
+0.35 (+1.27%)
UNITED STATES BRENT OIL FUND / BNO FAQ
What is the technical rating for BNO stock?
ChartMill assigns a technical rating of 0 / 10 to BNO.
What is the current trend direction of UNITED STATES BRENT OIL FUND (BNO) stock?
The current trend direction for UNITED STATES BRENT OIL FUND (BNO) is Bearish.
What is the RSI signal for BNO stock?
UNITED STATES BRENT OIL FUND (BNO) has an RSI value of 43.357. This indicates that the stock is currently neutral.
What is the MACD signal for BNO stock?
The MACD indicator for UNITED STATES BRENT OIL FUND (BNO) has a value of -0.110914, indicating a bearish trend.
What is the buy/sell signal for UNITED STATES BRENT OIL FUND (BNO) stock?
The buy/sell signal for UNITED STATES BRENT OIL FUND (BNO) is sell as both the short term and long term trends are negative.