


Technical Sentiment Analysis for Breakwave Tanker Shipping ETF (BWET). As of 2026-07-02, Breakwave Tanker Shipping ETF (BWET) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 7 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BWET stands at 48.74, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -6.15, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 30.17 and the Commodity Channel Index (CCI) at -54.37 further confirm a -38.95 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, BWET is trading above its 60-day moving average of $170.42 and above its 200-day long-term moving average of $76.91. Key price levels to watch include the immediate resistance at $219.89 and strong support at $123.86. A break above $219.89 could signal a bull continuation, while falling below $123.86 may test the next Fibonacci floor at $77.42.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 27.83 | 77.42 | 123.86 | 173.45 | 219.89 | 269.48 | 315.92 |
| Fibonacci | 77.42 | 114.1 | 136.76 | 173.45 | 210.13 | 232.79 | 269.48 |
2026-07-02
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 48.74 |
| Stochastic Oscillator | 30.17 |
| Stochastic RSI | 23.94 |
| Commodity Channel Index (CCI) | -54.37 |
| Awesome Oscillator | -28.59 |
| Momentum | -38.95 |
| MACD | -6.15 |
2026-07-02
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 150.01 | Buy |
| 10-Day | 170.31 | Buy |
| 20-Day | 184.25 | Sell |
| 60-Day | 170.42 | Buy |
| 200-Day | 76.91 | Buy |
| 250-Day | 63.94 | Buy |