Technical Analysis for BWET - ETF Managers Group Commodity Trust I Breakwave Tanker Shipping ETF

Grade Last Price % Change Price Change
C 18.40 -1.32% -0.25
BWET closed down 1.32 percent on Friday, May 24, 2024, on 0 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
Cup with Handle Other 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Fell Below 20 DMA Bearish -1.32%
Fell Below 50 DMA Bearish -1.32%
Cup with Handle Other -1.32%

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Profile

Freight Futures reflect market expectations for the future cost of transporting crude oil. Each Reference Index is published each United Kingdom business day by the London-based Baltic Exchange Ltd. (the "Baltic Exchange") and measures the charter rate for shipping crude oil in a specific size category of cargo ship and for a specific route.
Classification

Keywords: Transport Crude Oil Petroleum Cargo Maritime Transport Water Transport Merchant Navy Ship Management

Is BWET a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 22.75
52 Week Low 13.58
Average Volume 12,932
200-Day Moving Average 17.61
50-Day Moving Average 18.67
20-Day Moving Average 18.84
10-Day Moving Average 18.95
Average True Range 0.44
RSI (14) 44.75
ADX 8.74
+DI 23.83
-DI 29.90
Chandelier Exit (Long, 3 ATRs) 18.16
Chandelier Exit (Short, 3 ATRs) 19.33
Upper Bollinger Bands 19.61
Lower Bollinger Band 18.07
Percent B (%b) 0.21
BandWidth 8.12
MACD Line 0.10
MACD Signal Line 0.14
MACD Histogram -0.0392
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.40
Resistance 3 (R3) 18.40 18.40 18.40
Resistance 2 (R2) 18.40 18.40 18.40 18.40
Resistance 1 (R1) 18.40 18.40 18.40 18.40 18.40
Pivot Point 18.40 18.40 18.40 18.40 18.40
Support 1 (S1) 18.40 18.40 18.40 18.40 18.40
Support 2 (S2) 18.40 18.40 18.40 18.40
Support 3 (S3) 18.40 18.40 18.40
Support 4 (S4) 18.40