WT BRENT CRUDE OIL (BRNT.MI) Stock Technical Analysis
BIT:BRNT - Euronext Milan - JE00B78CGV99 - ETF - Currency: EUR
We assign a technical rating of 0 out of 10 to BRNT. BRNT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
87% of all other stocks performed better in the past year than BRNT.
BRNT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BRNT is lagging the market.
Warning: BRNT has an average volume of 6856 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month BRNT has a been trading in the 37.33 - 42.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BRNT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 38.31, a Stop Loss order could be placed below this zone.
More info and screens
37.05
53.89
We found 1 important support area.
- A support zone ranging from 37.42 to 38.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 40.90 to 42.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @43.52 from a trend line in the daily time frame.
- Resistance @51.88 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 53.00 to 53.36. 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 | DOWN | NEGATIVE | The long term trend for BRNT.MI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BRNT.MI is neutral. |
| ChartMill Relative Strength | 13.87 | NEGATIVE | BRNT.MI has a low relative strength, it was outperformed by 86.13% 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) | 43.34 | NEUTRAL | The RSI value for BRNT.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests BRNT.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.93 | NEUTRAL | The Stochastics value for BRNT.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for BRNT.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.19 | NEGATIVE | The low ADX value for BRNT.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:BRNT (5/29/2025, 7:00:00 PM)
39.8
-0.94 (-2.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.31%
1 Week-3.02%
2 Weeks-4.2%
1 Month-1.29%
3 Month-20.45%
6 Month-13.19%
12 Month-18.19%
2 Year-2.67%
3 Year-24.71%
5 Year184.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%2.72%
ATR Inc3.52%
Range Today1.65
ADR(20)0.75
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.87
Mansfield-1.63
10 Day High42.1
10 Day Low39.7
20 Day High42.32
20 Day Low37.33
52 Week High53.83
52 Week Low37.3
CS1 End38.31
CR1 Start40.9
Volume & EV
DER(3)0%
DER(5)0%
Volume6.84K
Volume Incr-36.68%
Vol(5)4.84K
Vol(50)6.86K