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Technical Sentiment Analysis for Breakwave Tanker Shipping ETF (BWET). As of 2026-03-04, Breakwave Tanker Shipping ETF (BWET) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 9 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BWET stands at 71.82, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 8.82, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 80.69 and the Commodity Channel Index (CCI) at 133.52 further confirm a 22.87 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, BWET is trading above its 60-day moving average of $33.69 and above its 200-day long-term moving average of $20.03. Key price levels to watch include the immediate resistance at $74.09 and strong support at $43.59. A break above $74.09 could signal a bull continuation, while falling below $43.59 may test the next Fibonacci floor at $29.05.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 13.09 | 29.05 | 43.59 | 59.55 | 74.09 | 90.05 | 104.59 |
| Fibonacci | 29.05 | 40.7 | 47.89 | 59.55 | 71.2 | 78.4 | 90.05 |
2026-03-04
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 71.82 |
| Stochastic Oscillator | 80.69 |
| Stochastic RSI | 85.57 |
| Commodity Channel Index (CCI) | 133.52 |
| Awesome Oscillator | 22.16 |
| Momentum | 22.87 |
| MACD | 8.82 |
2026-03-04
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 63.95 | Buy |
| 10-Day | 58.14 | Buy |
| 20-Day | 48.55 | Buy |
| 60-Day | 33.69 | Buy |
| 200-Day | 20.03 | Buy |
| 250-Day | 18.24 | Buy |