Wednesday February 26, 2020 Change -2.23% Price $17.07
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BNO Stock Forecast and Technical Analysis

Sell candidate since 2020-01-28 Loss -9.73% PDF

USCommodity Brent Oil Fund LP ETF fell by -2.23% in the last day ( Wednesday, 26th Feb 2020 ) from $17.46 to $17.07 and has now fallen 5 days in a row. During the day the stock fluctuated 4.37% from a day low at $16.92 to a day high of $17.66. The price has risen in 6 of the last 10 days , but is still down by -1.9% for this period. Volume has increased in the last day by 175 302 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 353 146 shares bought and sold for approximately $6.03 million.

BNO Stock Price Summary

  • 30 day high of the BNO stock price was $19.22 and low was $16.92.
  • 90 day high was $21.98 and low was $16.92.
  • 52 week high for USCommodity Brent Oil Fund LP ETF - $21.98 and low - $16.62.

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BNO Trend

USCommodity Brent Oil Fund LP ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.31% during the next 3 months and, with 90% probability hold a price between $14.19 and $17.57 at the end of this period.

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BNO Signals

There are few to no technical positive signals at the moment. 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 $18.23 and $18.96. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday February 20, 2020, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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BNO Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 75 ]

RSI14 is 42 and the stock is currently not being overbought or oversold

* uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

BNO Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: $17.07 Resistance: $19.04

BNO Stock Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.74 (4.37%) between high and low. For the last week, the stock has had daily average volatility of 2.56%.

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

2.56 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

BNO Stock Evaluation

USCommodity Brent Oil Fund LP ETF holds several negative signals and is within a wide and falling trend, so we believe 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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