BRENT OIL ETC (BRENT.MI) Stock Technical Analysis
Europe - BIT:BRENT - XS2691037282 - ETF
Taking everything into account, BRENT scores 4 out of 10 in our technical rating. BRENT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
BRENT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 12.72, a Stop Loss order could be placed below this zone.
More info and screens
12.58
We found 1 important support area.
- A support zone ranging from 12.71 to 12.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @14.15 from a trend line in the weekly time frame.
- Resistance @14.54 from a trend line in the daily time frame.
- A resistance zone ranging from 14.95 to 15.17. 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 BRENT.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BRENT.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BRENT.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRENT.MI is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 47.85 | NEUTRAL | The RSI value for BRENT.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests BRENT.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.45 | NEUTRAL | The Stochastics value for BRENT.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.46 | MEDIUM VOLATILITY | The ATR as a percentage value for BRENT.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.48 | NEGATIVE | The low ADX value for BRENT.MI suggests a weak or negative trend. |
BIT:BRENT (9/17/2025, 7:00:00 PM)
13.864
+0.19 (+1.4%)