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Breakwave Tanker Shipping ETF

BWET Technical Analysis Summary (AMEX)

Analyze BWET on the AMEX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

BWET●AMEX
Financial ServicesAsset Management
$968.92
$19.49(2.05%)
U.S. Market opens in 43h 54m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

BWET Technical Analysis Summary (AMEX)

Breakwave Tanker Shipping ETF (AMEX: BWET) stock currently shows a bullish trend on the AMEX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 60.81)
Trend Strength:Moderate (ADX: 25.45)
Volatility:High (ATR: 54.74)
Support/Resistance:$804.75 – $1047.41 (Bollinger Bands)

Technical conditions suggest Breakwave Tanker Shipping ETF on the AMEX is awaiting a decisive move. Overall, Breakwave Tanker Shipping ETF remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 60.81

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 60.75

Bullish
Buying momentum building without extremes.

Williams %R: -29.14

Bullish
Buying pressure building steadily.

Rate of Change (ROC): -5.50

Strongly Bearish
Sharp downside momentum.

Takeaway:Breakwave Tanker Shipping ETF shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: 44.87

Bullish
Bullish, trend momentum is strengthening.

ADX: 25.45

Moderate
Moderate trend, direction gaining strength.

ATR (14): 54.74

Rising
Rising volatility, market activity increasing.

CCI (14): 71.67

Bullish
Bullish, momentum building upward.

Takeaway:Breakwave Tanker Shipping ETF shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$1047.41
Middle Band (SMA 20)
$926.08
Lower Band
$804.75
Current Position
Within Bands

Takeaway:Breakwave Tanker Shipping ETF trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$998.54
Middle Line (EMA 20)
$889.07
Lower Channel
$779.59
Squeeze Status
No Squeeze

Takeaway:Breakwave Tanker Shipping ETF trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume3.95M
Money Flow Index31.48Bearish, selling pressure outweighs inflows.
Relative Vigor Index63.93Bullish, price momentum strongly favors buyers.

Overall Takeaway:BWET shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Breakwave Tanker Shipping ETF (AMEX: BWET), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

Overall Recommendation:Technical indicators for Breakwave Tanker Shipping ETF are mixed, suggesting a Hold or wait-and-see approach.

(AMEX: BWET) Technical Analysis FAQ