


Technical Sentiment Analysis for Breakwave Tanker Shipping ETF (BWET). As of 2026-07-07, Breakwave Tanker Shipping ETF (BWET) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 7 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BWET stands at 51.17, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -4.42, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 47.62 and the Commodity Channel Index (CCI) at -8 further confirm a -40.15 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, BWET is trading above its 60-day moving average of $170.91 and above its 200-day long-term moving average of $78.49. Key price levels to watch include the immediate resistance at $214.42 and strong support at $118.39. A break above $214.42 could signal a bull continuation, while falling below $118.39 may test the next Fibonacci floor at $74.68.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 22.36 | 74.68 | 118.39 | 170.71 | 214.42 | 266.74 | 310.45 |
| Fibonacci | 74.68 | 111.36 | 134.03 | 170.71 | 207.39 | 230.06 | 266.74 |
2026-07-07
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 51.17 |
| Stochastic Oscillator | 47.62 |
| Stochastic RSI | 38.49 |
| Commodity Channel Index (CCI) | -8 |
| Awesome Oscillator | -16.33 |
| Momentum | -40.15 |
| MACD | -4.42 |
2026-07-07
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 163.11 | Buy |
| 10-Day | 162.1 | Buy |
| 20-Day | 181.1 | Sell |
| 60-Day | 170.91 | Buy |
| 200-Day | 78.49 | Buy |
| 250-Day | 65.24 | Buy |