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BNO
ETF ticker:
NYSE ARCA
AS OF
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Price
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Net Assets
221.55M

BNO Price Prediction, United States Brent Oil AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

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BNO Trading results, last 6 months
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Mar 21, 2023

BNO's RSI Oscillator recovers from oversold territory

The RSI Indicator for BNO moved out of oversold territory on March 21, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 18 similar instances when the indicator left oversold territory. In 18 of the 18 cases the stock moved higher. This puts the odds of a move higher at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BNO advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .

BNO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on March 09, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BNO as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for BNO turned negative on March 09, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

BNO moved below its 50-day moving average on March 07, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for BNO crossed bearishly below the 50-day moving average on March 14, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for BNO entered a downward trend on March 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
AI
A.I.Advisor
published Highlights

Industry description

The investment seeks the daily changes in percentage terms of its shares’ per share net asset value (“NAV”) to reflect the daily changes in percentage terms of the spot price of Brent crude oil. The Benchmark Futures Contract is the futures contract on Brent crude oil as traded on the Ice Futures Europe Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.
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A.I. Advisor
published General Information

General Information

Category CommoditiesBroadBasket

Profile
Fundamentals
Details
Category
Commodities Focused
Address
1320 Harbor Bay ParkwaySuite 145Alameda
Phone
N/A
Web
www.unitedstatesbrentoilfund.com
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BNO and

Correlation & Price change

A.I.dvisor tells us that BNO and SLV have been poorly correlated (+30% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BNO and SLV's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BNO
1D Price
Change %
BNO100%
+2.04%
SLV - BNO
30%
Poorly correlated
-0.72%
GLDM - BNO
29%
Poorly correlated
-1.91%
IAU - BNO
29%
Poorly correlated
-1.87%
GLD - BNO
29%
Poorly correlated
-1.89%
PHYS - BNO
28%
Poorly correlated
-1.95%