WT BRENT CRUDE OIL (BRNT.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:BRNT - JE00B78CGV99 - ETF
We assign a technical rating of 0 out of 10 to BRNT. BRNT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BRNT 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
37.04
When analyzing the support we notice one important area.
- A support zone ranging from 37.41 to 38.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 40.26 to 41.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.86 from a horizontal line in the daily time frame.
- A resistance zone ranging from 44.07 to 44.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @51.88 from a horizontal line in the weekly time frame.
- Resistance @53.36 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for BRNT.MI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRNT.MI is down. |
| ChartMill Relative Strength | 14.38 | NEGATIVE | BRNT.MI has a low relative strength, it was outperformed by 85.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BRNT.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BRNT.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BRNT.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.8 | NEUTRAL | The RSI value for BRNT.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BRNT.MI has a positive trend. |
| Stochastics (14,3) | 43.73 | NEUTRAL | The Stochastics value for BRNT.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for BRNT.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 24.89 | NEUTRAL | The ADX value for BRNT.MI suggests a possible start of a new trend. |
BIT:BRNT (12/23/2025, 7:00:00 PM)
40.095
+0.21 (+0.53%)
WT BRENT CRUDE OIL / BRNT.MI FAQ
Can you provide the ChartMill technical rating for WT BRENT CRUDE OIL?
ChartMill assigns a technical rating of 0 / 10 to BRNT.MI.
What is the current trend direction of WT BRENT CRUDE OIL (BRNT.MI) stock?
The current trend direction for WT BRENT CRUDE OIL (BRNT.MI) is Bearish.
Can you provide the RSI signal for WT BRENT CRUDE OIL?
WT BRENT CRUDE OIL (BRNT.MI) has an RSI value of 47.795. This indicates that the stock is currently neutral.
What is the MACD signal for BRNT stock?
The MACD indicator for WT BRENT CRUDE OIL (BRNT.MI) has a value of 0.000212777, indicating a bearish trend.
Can you provide the support and resistance levels for WT BRENT CRUDE OIL?
WT BRENT CRUDE OIL (BRNT.MI) has a support level at 38.51 and a resistance level at 40.26. Check the full technical report for our detailed analysis of BRNT.MI support and resistance levels.