Decline depth
-30.7%
From rolling 252-day high of $60.81, 67d ago.
Past the 30% Amber threshold.
Red ListRecovering
BNOUnited States Brent Oil Fund, L
-30.7%
from rolling 252-day high of $60.81 set 2026-05-04 · 67d ago
Current
$42.15
Decline depth
-30.7%
Decline σ
6.8σ
TFC
0/5 bearish
Rolling 252-day high
Up day
Down day
Last 90 trading days · data from Alpaca
Since it joined the list
$BNO landed on the list 2026-06-12, down 21.4% from its 52-week high that day — now down -30.7%.
That's 9.3 percentage points deeper than the day it joined. It bottomed 35.2% below that high along the way.
Decline from the 52-week high as it stood on 2026-06-12 (fixed anchor) → today. Split-adjusted, Alpaca. Observed history, not a forecast.
Structural break signals
BNO qualifies for the Red List on decline depth.
Time-frame continuity
0/5 bearish
Latest bar across daily/weekly/monthly/quarterly/yearly time frames. A bar counts as bearish when it's a 2-Down or a red 3.
Decline sigma
6.8σ
Drop from local high over the last 20 bars, expressed in units of the stock's typical daily volatility (2.85% per day).
Past the ≥6σ Amber threshold.
The structural read
What price action says about BNO.
BNO qualifies for the Red List on decline depth — down -30.7% from its rolling 252-day high. Past 30% with the high set inside the last four months — the recency clause that often precedes further breakdown. Depth plus recency: this is the pattern many investors call a falling knife.
Cross-confirmation: decline sigma also reads 6.8σ over 20 bars.
Alongside that decline, our proprietary engine has flagged a confirmed bullish structural signal on one or more time frames — moderate or strong time-frame-continuity (TFC) alignment — so the ticker also carries a Recovering badge. The two readings coexist: the tier tells you how deep the damage is, the Recovering badge tells you whether momentum may be turning. Recovering is not a buy signal; it's a structural read.
Broken Stocks stops here — it flags the structure, it doesn't build the upside case. Working out whether BNO's turn is investable is what our sister tool does: ConvictionEdge — triple-engine conviction research on names showing a recovery signal.
Upstream TFC read: moderate alignment, current phase weekly. Last bar types — daily 2D (red), weekly 2U (green), monthly 2D (green).
52-week range
52W low $27.14
44.6% of range
52W high $60.81
Related — same sector
Closest decliners to BNO
Questions about BNO
What people ask.
Why is BNO on Broken Stocks?
BNO qualifies for the Red List on decline depth. It is down -30.7% from its rolling 252-day high of $60.81, set on 2026-05-04 — 67d ago. It additionally carries a Recovering badge — see below.
What does the Recovering badge mean for BNO?
Recovering means our proprietary engine has flagged a confirmed bullish structural signal on one or more time frames (moderate or strong time-frame continuity). It coexists with the decline tier — BNO is still Red List because the rolling-252-day decline hasn't healed, but a bullish setup has formed inside that decline. The two readings answer different questions: the tier tells you how deep the damage is; the Recovering badge tells you whether momentum may be turning. It's not a buy recommendation.
Is BNO a falling knife?
By the most common technical definition — a steep, recent breakdown from a fresh high — yes. BNO is down -30.7% from its 52-week high of $60.81, set 67d ago. That combination of depth (past the 30% Amber threshold) and recency (high set inside the last 120 days) is the textbook falling-knife pattern. Whether to try to catch it is a separate question — historically most attempts to bottom-pick continue lower before reversing. Broken Stocks flags the pattern; it does not recommend buying or selling.
Is BNO a buy?
Broken Stocks does not issue buy or sell recommendations. The list is a rules-based technical warning system. It tracks structural decline depth and recency — not company quality, management, fundamentals, or news. Always do your own research and consult a licensed advisor.
Where is BNO trading inside its 52-week range?
At $42.15, BNO sits 44.6% of the way from its 52-week low ($27.14) to its 52-week high ($60.81). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.
How fast has BNO been declining?
The current 30.7% decline accrued over 67d, which annualizes to roughly -167.2% per year. Annualized pace is a sanity check — a 30% decline in three months is a different signal than a 30% decline over two years.