BWET Breakwave Tanker Shipping ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investors with exposure to the daily change in the price of crude oil tanker freight futures before expenses and liabilities of the fund, by tracking the performance of a portfolio mainly consisting of the nearest calendar quarter of futures contracts on specified indexes that measure prices for shipping crude oil... Show more
BWET's RSI Oscillator leaves overbought zone
The 10-day RSI Oscillator for BWET moved out of overbought territory on June 24, 2025. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 10 instances where the indicator moved out of the overbought zone. In of the 10 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
BWET moved below its 50-day moving average on June 25, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BWET declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BWET broke above its upper Bollinger Band on June 20, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Momentum Indicator moved above the 0 level on June 13, 2025. You may want to consider a long position or call options on BWET as a result. In of 30 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BWET just turned positive on June 13, 2025. Looking at past instances where BWET's MACD turned positive, the stock continued to rise in of 23 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for BWET crossed bullishly above the 50-day moving average on June 24, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 7 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
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General Information
Category CommoditiesBroadBasket
BWET and ETFs
Correlation & Price change
A.I.dvisor tells us that BWET and BCIM have been poorly correlated (+14% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BWET and BCIM's prices will move in lockstep.
| Ticker / NAME | Correlation To BWET | 1D Price Change % | ||
|---|---|---|---|---|
| BWET | 100% | -0.56% | ||
| BCIM - BWET | 14% Poorly correlated | +0.24% | ||
| PHYS - BWET | 6% Poorly correlated | -1.81% | ||
| GLDI - BWET | 3% Poorly correlated | -1.69% | ||
| SLVO - BWET | 2% Poorly correlated | -1.44% | ||
| IAUM - BWET | 1% Poorly correlated | -1.78% | ||
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