


Technical Sentiment Analysis for Breakwave Tanker Shipping ETF (BWET). As of 2026-06-12, Breakwave Tanker Shipping ETF (BWET) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 10 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BWET stands at 59.96, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 9.22, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 69.16 and the Commodity Channel Index (CCI) at 101.11 further confirm a 41.04 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, BWET is trading above its 60-day moving average of $156.06 and above its 200-day long-term moving average of $66.26. Key price levels to watch include the immediate resistance at $219.16 and strong support at $159.11. A break above $219.16 could signal a bull continuation, while falling below $159.11 may test the next Fibonacci floor at $127.01.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 99.06 | 127.01 | 159.11 | 187.06 | 219.16 | 247.11 | 279.21 |
| Fibonacci | 127.01 | 149.95 | 164.12 | 187.06 | 210 | 224.17 | 247.11 |
2026-06-12
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 59.96 |
| Stochastic Oscillator | 69.16 |
| Stochastic RSI | 66.9 |
| Commodity Channel Index (CCI) | 101.11 |
| Awesome Oscillator | 20.38 |
| Momentum | 41.04 |
| MACD | 9.22 |
2026-06-12
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 193.46 | Buy |
| 10-Day | 191.22 | Buy |
| 20-Day | 182.56 | Buy |
| 60-Day | 156.06 | Buy |
| 200-Day | 66.26 | Buy |
| 250-Day | 55.3 | Buy |