


Technical Sentiment Analysis for Breakwave Tanker Shipping ETF (BWET). As of 2026-03-24, Breakwave Tanker Shipping ETF (BWET) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 15 technical signals, shows that 10 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 75.78, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 12.24, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 85.82 and the Commodity Channel Index (CCI) at 210.15 further confirm a 38.01 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, BWET is trading above its 60-day moving average of $45.54 and above its 200-day long-term moving average of $24.46. Key price levels to watch include the immediate resistance at $108.37 and strong support at $51.62. A break above $108.37 could signal a bull continuation, while falling below $51.62 may test the next Fibonacci floor at $24.06.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -5.13 | 24.06 | 51.62 | 80.81 | 108.37 | 137.56 | 165.12 |
| Fibonacci | 24.06 | 45.74 | 59.13 | 80.81 | 102.49 | 115.88 | 137.56 |
2026-03-24
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 75.78 |
| Stochastic Oscillator | 85.82 |
| Stochastic RSI | 90.4 |
| Commodity Channel Index (CCI) | 210.15 |
| Awesome Oscillator | 29.76 |
| Momentum | 38.01 |
| MACD | 12.24 |
2026-03-24
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 89.61 | Buy |
| 10-Day | 79.18 | Buy |
| 20-Day | 70.91 | Buy |
| 60-Day | 45.54 | Buy |
| 200-Day | 24.46 | Buy |
| 250-Day | 21.8 | Buy |