UNITED STATES BRENT OIL FUND (BNO) Stock Technical Analysis
USA - NYSEARCA:BNO - US91167Q1004 - ETF
29.96 USD
-0.44 (-1.45%)
29.97 USD
+0.01 (+0.03%)
Taking everything into account, BNO scores 2 out of 10 in our technical rating. BNO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, BNO is a bad performer in the overall market: 77% of all stocks are doing better.
In the last month BNO has a been trading in the 29.28 - 31.16 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BNO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
25.24
33.76
When analyzing the support we can see 3 important areas.
- Support @29.11 from a horizontal line in the daily time frame.
- Support @28.47 from a horizontal line in the daily time frame.
- Support @25.49 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 30.02 to 30.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 31.10 to 31.39. 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 | 23.57 | NEGATIVE | BNO has a low relative strength, it was outperformed by 76.43% 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) | UP | POSITIVE | The current price of BNO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.58 | NEUTRAL | The RSI value for BNO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BNO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.43 | NEUTRAL | The Stochastics value for BNO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for BNO suggests low volalility. |
| Average Directional Index/ADX (14) | 10.22 | 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)
29.96
-0.44 (-1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.45%
1 Week-0.37%
2 Weeks1.42%
1 Month-0.5%
3 Month-9.54%
6 Month0.6%
12 Month2.85%
2 Year-6.58%
3 Year9.66%
5 Year181.32%
10 Year80.05%
15 Year10.49%
Volatility
ATR(14)0.58
ATR(20)%1.79%
ATR Inc-8.31%
Range Today0.4
ADR(20)0.38
ADR(20)%1.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.57
Mansfield-0.94
10 Day High30.92
10 Day Low29.58
20 Day High31.16
20 Day Low29.28
52 Week High33.39
52 Week Low24.72
CS1 End29.11
CR1 Start30.02
Volume & EV
DER(3)-8.62%
DER(5)-7.29%
Volume322.20K
Volume Incr-46.62%
Vol(5)331.54K
Vol(50)575.01K