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... Show more
The Moving Average Convergence Divergence (MACD) for BNO turned positive on May 09, 2025. Looking at past instances where BNO's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 12, 2025. You may want to consider a long position or call options on BNO as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BNO advanced for three days, in of 339 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.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 .
Category CommoditiesBroadBasket
A.I.dvisor indicates that over the last year, BNO has been closely correlated with USOI. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if BNO jumps, then USOI could also see price increases.
Ticker / NAME | Correlation To BNO | 1D Price Change % | ||
---|---|---|---|---|
BNO | 100% | -1.33% | ||
USOI - BNO | 94% Closely correlated | -0.49% | ||
SLV - BNO | 34% Loosely correlated | +1.26% | ||
SGOL - BNO | 27% Poorly correlated | +0.80% | ||
BCIM - BNO | 27% Poorly correlated | -0.46% | ||
GLD - BNO | 26% Poorly correlated | +0.74% | ||
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