


Technical Sentiment Analysis for Breakwave Tanker Shipping ETF (BWET). As of 2026-05-22, Breakwave Tanker Shipping ETF (BWET) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 8 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BWET stands at 53.85, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 12.32, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 37.14 and the Commodity Channel Index (CCI) at 10.5 further confirm a 6.41 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, BWET is trading above its 60-day moving average of $129.1 and above its 200-day long-term moving average of $54.36. Key price levels to watch include the immediate resistance at $195.25 and strong support at $166.01. A break above $195.25 could signal a bull continuation, while falling below $166.01 may test the next Fibonacci floor at $150.89.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 136.77 | 150.89 | 166.01 | 180.13 | 195.25 | 209.37 | 224.49 |
| Fibonacci | 150.89 | 162.06 | 168.96 | 180.13 | 191.3 | 198.2 | 209.37 |
2026-05-22
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 53.85 |
| Stochastic Oscillator | 37.14 |
| Stochastic RSI | 46.07 |
| Commodity Channel Index (CCI) | 10.5 |
| Awesome Oscillator | 22.73 |
| Momentum | 6.41 |
| MACD | 12.32 |
2026-05-22
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 184.75 | Sell |
| 10-Day | 181.14 | Sell |
| 20-Day | 175.41 | Sell |
| 60-Day | 129.1 | Buy |
| 200-Day | 54.36 | Buy |
| 250-Day | 45.68 | Buy |