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 in +0.46% Uptrend, advancing for three consecutive days on October 16, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BWET advanced for three days, in of 127 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 10, 2025. You may want to consider a long position or call options on BWET as a result. In of 36 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 October 10, 2025. Looking at past instances where BWET's MACD turned positive, the stock continued to rise in of 29 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 35 cases where BWET Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 October 10, 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.
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General Information
Category CommoditiesBroadBasket
BWET and ETFs
Correlation & Price change
A.I.dvisor tells us that BWET and SLVO have been poorly correlated (+11% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BWET and SLVO's prices will move in lockstep.
| Ticker / NAME | Correlation To BWET | 1D Price Change % | ||
|---|---|---|---|---|
| BWET | 100% | N/A | ||
| SLVO - BWET | 11% Poorly correlated | -1.72% | ||
| USOI - BWET | 8% Poorly correlated | +0.11% | ||
| SLV - BWET | 7% Poorly correlated | -4.43% | ||
| GLDI - BWET | 6% Poorly correlated | -0.67% | ||
| IAUM - BWET | 6% Poorly correlated | -1.89% | ||
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