WT BLOOMBERG BRENT CRUDE OIL (BRND.MI) Stock Technical Analysis
BIT:BRND - Euronext Milan - IE00BVFZGD11 - ETF - Currency: EUR
Overall BRND gets a technical rating of 3 out of 10. Although BRND is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Warning: BRND has an average volume of 2150 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Looking at the yearly performance, BRND did better than 93% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
BRND is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BRND is lagging the market.
In the last month BRND has a been trading in the 29.82 - 38.48 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.
BRND 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
29.56
42.48
We found 5 important support areas.
- Support @34.52 from a trend line in the daily time frame.
- A support zone ranging from 33.11 to 33.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.15 from a trend line in the daily time frame.
- A support zone ranging from 30.74 to 30.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @29.86 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @37.74 from a trend line in the daily time frame.
- A resistance zone ranging from 38.67 to 38.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.05 from a horizontal line in the weekly time frame.
- Resistance @42.06 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for BRND.MI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRND.MI is down. |
| ChartMill Relative Strength | 93.46 | POSITIVE | BRND.MI has a high relative strength, it outperformed 93.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BRND.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BRND.MI is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 48.82 | NEUTRAL | The RSI value for BRND.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests BRND.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.61 | NEUTRAL | The Stochastics value for BRND.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for BRND.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.21 | NEGATIVE | The low ADX value for BRND.MI 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)
BIT:BRND (7/15/2025, 7:00:00 PM)
34.54
+0.23 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.66%
1 Week-7.75%
2 Weeks7.22%
1 Month5.06%
3 Month-12.35%
6 Month-10.36%
12 Month108.98%
2 Year12%
3 Year25.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.68
ATR(20)%4.39%
ATR Inc-88.59%
Range Today0.27
ADR(20)0.64
ADR(20)%1.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.46
Mansfield-1.39
10 Day High38.49
10 Day Low33.23
20 Day High38.49
20 Day Low29.82
52 Week High42.83
52 Week Low16.53
CS1 End34.52
CR1 Start37.74
Volume & EV
DER(3)0%
DER(5)0%
Volume213
Volume Incr-73.49%
Vol(5)958.2
Vol(50)2.15K