Technical Analysis for BNO - United States Brent Oil Fund, LP ETV

Grade Last Price % Change Price Change
grade D 9.78 4.38% 0.41
BNO closed up 4.38 percent on Friday, May 29, 2020, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical BNO trend table...

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Weak + Overbought Other 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Weak + Overbought Other 4.38%
Wide Bands Range Expansion 4.38%
Overbought Stochastic Strength 4.38%
Weak + Overbought Other 5.50%
Wide Bands Range Expansion 5.50%
Overbought Stochastic Strength 5.50%

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Profile

The investment seeks to replicate, net of expenses, the daily changes in percentage terms of the spot price of Brent crude oil as measured by the changes in the price of the futures contract on Brent crude oil as traded on the ICE Futures Exchange that is the near month contract to expire. The portfolio will consist primarily of investments in futures contracts for crude oil, heating oil, gasoline, natural gas and other petroleum-based fuels that are traded on the ICE Futures Exchange, the NYMEX and other U.S. and foreign exchanges.
Exchange Traded Fund ETF Natural Gas Crude Oil Petroleum Commodity Markets Futures Exchanges Heating Oil New York Mercantile Exchange Benchmark Brent Crude Indian Basket Dubai Mercantile Exchange

Is BNO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 21.98
52 Week Low 5.91
Average Volume 3,255,058
200-Day Moving Average 15.91
50-Day Moving Average 8.41
20-Day Moving Average 8.57
10-Day Moving Average 9.34
Average True Range 0.54
ADX 19.52
+DI 35.41
-DI 20.36
Chandelier Exit (Long, 3 ATRs ) 8.33
Chandelier Exit (Short, 3 ATRs ) 7.94
Upper Bollinger Band 10.24
Lower Bollinger Band 6.89
Percent B (%b) 0.86
BandWidth 39.05
MACD Line 0.33
MACD Signal Line 0.13
MACD Histogram 0.2016
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.94
Resistance 3 (R3) 10.87 10.41 10.74
Resistance 2 (R2) 10.41 10.12 10.45 10.68
Resistance 1 (R1) 10.10 9.93 10.25 10.17 10.61
Pivot Point 9.64 9.64 9.72 9.68 9.64
Support 1 (S1) 9.33 9.35 9.48 9.40 8.95
Support 2 (S2) 8.87 9.16 8.91 8.88
Support 3 (S3) 8.56 8.87 8.82
Support 4 (S4) 8.63