


Technical Sentiment Analysis for Breakwave Tanker Shipping ETF (BWET). As of 2026-05-05, Breakwave Tanker Shipping ETF (BWET) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 16 technical signals, shows that 10 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 73.84, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 18.42, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 94.93 and the Commodity Channel Index (CCI) at 229.94 further confirm a 69.73 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, BWET is trading above its 60-day moving average of $100.01 and above its 200-day long-term moving average of $43.37. Key price levels to watch include the immediate resistance at $202.13 and strong support at $118.81. A break above $202.13 could signal a bull continuation, while falling below $118.81 may test the next Fibonacci floor at $80.3.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 35.49 | 80.3 | 118.81 | 163.62 | 202.13 | 246.94 | 285.45 |
| Fibonacci | 80.3 | 112.13 | 131.79 | 163.62 | 195.45 | 215.11 | 246.94 |
2026-05-05
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 73.84 |
| Stochastic Oscillator | 94.93 |
| Stochastic RSI | 89.74 |
| Commodity Channel Index (CCI) | 229.94 |
| Awesome Oscillator | 38.02 |
| Momentum | 69.73 |
| MACD | 18.42 |
2026-05-05
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 173.95 | Buy |
| 10-Day | 157.33 | Buy |
| 20-Day | 151.37 | Buy |
| 60-Day | 100.01 | Buy |
| 200-Day | 43.37 | Buy |
| 250-Day | 36.92 | Buy |