UNITED STATES BRENT OIL FUND (BNO) Technical Analysis
NYSEARCA:BNO • US91167Q1004
Current stock price
48.02 USD
-5.5 (-10.28%)
At close:
49 USD
+0.98 (+2.04%)
Pre-Market:
BNO Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to BNO. Both in the recent history as in the last year, BNO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that BNO is one of the better performing stocks in the market, outperforming 93% of all stocks.
- BNO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BNO is performing more or less in line with the market.
- BNO has an average volume of 5741740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month BNO has a been trading in the 41.54 - 55.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BNO Weekly and Daily overview Charts
BNO Setup Rating and Analysis
Although BNO has an excellent technical rating, it does not offer a high 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
BNO Support and Resistance Analysis
27.47
55.23
4 important support areas can be observed.
- Support @36.64 from a trend line in the daily time frame.
- Support @30.16 from a horizontal line in the daily time frame.
- A support zone ranging from 28.83 to 29.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 27.75 to 27.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 54.13 to 54.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
BNO Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for BNO is neutral. |
| ChartMill Relative Strength | 93.41 | POSITIVE | BNO has a high relative strength, it outperformed 93.41% off all stocks 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) | 50.68 | NEUTRAL | The RSI value for BNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests BNO has a negative trend. |
| Stochastics (14,3) | 64.12 | NEUTRAL | The Stochastics value for BNO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.55 | HIGH VOLATILITY | The high ATR as a percentage value for BNO suggests high volalility. |
| Average Directional Index/ADX (14) | 46.11 | POSITIVE | The high ADX value value for BNO suggests a strong trend. |
BNO Chart- and CandleStick Pattern Analysis
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)
BNO Technicals: Chart, Performance Metrics, Trend & Indicators
48.02
-5.5 (-10.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-10.28%
1 Week-7.67%
2 Weeks-3.38%
1 Month10.72%
3 Month63.78%
6 Month68.55%
12 Month78.05%
2 Year50.2%
3 Year78.25%
5 Year183.14%
10 Year231.17%
15 Year14.73%
Volatility
ATR(14)3.34
ATR(20)%6.55%
ATR Inc98.43%
Range Today2.93
ADR(20)2.16
ADR(20)%4.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.41
3 months CRS98.25
6 months CRS96.3
Mansfield4.32
10 Day High55.66
10 Day Low45.6
20 Day High55.66
20 Day Low41.54
52 Week High55.66
52 Week Low25.26
CS1 End36.64
CR1 Start54.13
Volume & EV
DER(3)1.53%
DER(5)-0.73%
Volume8.90M
Volume Incr-7.84%
Vol(5)9.08M
Vol(50)5.74M
UNITED STATES BRENT OIL FUND / BNO TA FAQ
What is the technical rating for BNO stock?
ChartMill assigns a technical rating of 9 / 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 Bullish.
What is the RSI signal for UNITED STATES BRENT OIL FUND (BNO) stock?
UNITED STATES BRENT OIL FUND (BNO) has an RSI value of 50.6755. 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 -0.611328, indicating a bearish trend.