BNO stock - USCommodity Brent Oil Fund LP ETF

Exchange: NYSE

Fri 16'th Nov 2018

PERIOD 2018-08-17 - 2018-11-16
CHANGE 0.90%
PRICE $18.99
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell
Request Prediction
0.00%
Predict

USCommodity Brent Oil Fund LP ETF Stock Analysis

Technical stock analysis for Fri 16'th Nov 2018

Sell candidate since 2018-10-29 Loss -12.61%
Shorts 3.42% ( 2013-01-15 )
Cash n/a
Loans n/a
Beta 0.98
ROA n/a

USCommodity Brent Oil Fund LP ETF gained 0.90% in the last trading day, rising from $18.82 to $18.99 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 7 of the last 10 days and is down by -7.64% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 65 719 more shares were traded than the day before. In total, 677 990 shares bought and sold for approximately $12.88 million.

Trend

USCommodity Brent Oil Fund LP ETF lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $18.41 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.77% during the next 3 months and, with 90% probability hold a price between $17.54 and $22.49 at the end of this period.

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Signals

There are mixed signals in the stock today. USCommodity Brent Oil Fund LP ETF holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $19.19 and $21.69. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday November 13, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 14 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.

Access full RSI 14 and RSI 21 lists

Support & Resistance

USCommodity Brent Oil Fund LP ETF finds support from accumulated volume at $18.82.

Support: $18.82 Price: $18.99 Resistance: $19.59

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.64 between high and low, or 3.42%. For the last week, the stock has had a daily average volatility of 3.46%.

USCommodity Brent Oil Fund LP ETF is overbought on RSI14 (14). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

USCommodity Brent Oil Fund LP ETF holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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