UNITED STATES BRENT OIL FUND (BNO) Stock Technical Analysis
NYSEARCA:BNO - NYSE Arca - US91167Q1004 - ETF - Currency: USD
Overall BNO gets a technical rating of 6 out of 10. In the last year, BNO was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, BNO is a bad performer in the overall market: 61% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
BNO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BNO is lagging the market.
In the last month BNO has a been trading in the 28.87 - 33.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
BNO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for BNO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
26.66
33.76
We found 4 important support areas.
- A support zone ranging from 30.25 to 30.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 29.25 to 29.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.31 to 28.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @26.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The long term trend for BNO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNO is up. |
| ChartMill Relative Strength | 39.16 | NEUTRAL | BNO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BNO is below 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) | UP | POSITIVE | The current price of BNO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.49 | NEUTRAL | The RSI value for BNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BNO has a negative trend. |
| Stochastics (14,3) | 48.82 | NEUTRAL | The Stochastics value for BNO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for BNO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.75 | NEGATIVE | The low ADX value for BNO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.98 | 30.24 | 0.74 (2.39%) | 25.00% |
| An entry @30.98. This is a Buy Stop order right above the 10 day high. | An exit @30.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.74 points, which is 2.39%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BNO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:BNO (7/14/2025, 8:26:07 PM)
30.34
-0.61 (-1.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.97%
1 Week-0.59%
2 Weeks4.23%
1 Month1.68%
3 Month7.63%
6 Month-7.08%
12 Month-3.41%
2 Year4.48%
3 Year-6.3%
5 Year168.02%
10 Year65.97%
15 Year14.66%
Volatility
ATR(14)0.63
ATR(20)%3.11%
ATR Inc-7.76%
Range Today0.63
ADR(20)0.74
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.16
Mansfield-0.5
10 Day High30.97
10 Day Low29.03
20 Day High33.33
20 Day Low28.87
52 Week High33.39
52 Week Low24.72
CS1 End30.26
CR1 Start32.65
Volume & EV
DER(3)3.83%
DER(5)3.43%
Volume844.40K
Volume Incr-59.52%
Vol(5)525.38K
Vol(50)878.27K