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

Grade Last Price % Change Price Change
F 17.47 2.52% 0.43
BWET closed up 2.52 percent on Tuesday, June 11, 2024, on 19 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Bullish Engulfing Bullish 0.00%
Stochastic Buy Signal Bullish 0.00%
Oversold Stochastic Weakness 0.00%
Outside Day Range Expansion 2.52%
Gapped Up Strength 2.52%
Down 3 Days in a Row Weakness 2.52%
Oversold Stochastic Weakness 2.52%
Narrow Range Bar Range Contraction 2.34%
Gapped Down Weakness 2.34%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 17 hours ago
Up 2% about 17 hours ago
Up 1% about 17 hours ago
Rose Above Previous Day's High 1 day ago
Outside Day 1 day ago

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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 10,614
200-Day Moving Average 17.55
50-Day Moving Average 18.43
20-Day Moving Average 18.24
10-Day Moving Average 17.54
Average True Range 0.43
RSI (14) 41.18
ADX 12.85
+DI 26.37
-DI 33.47
Chandelier Exit (Long, 3 ATRs) 18.15
Chandelier Exit (Short, 3 ATRs) 18.17
Upper Bollinger Bands 19.81
Lower Bollinger Band 16.66
Percent B (%b) 0.26
BandWidth 17.27
MACD Line -0.39
MACD Signal Line -0.26
MACD Histogram -0.1303
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.19
Resistance 3 (R3) 18.12 17.81 18.07
Resistance 2 (R2) 17.81 17.63 17.84 18.03
Resistance 1 (R1) 17.64 17.51 17.72 17.71 17.99
Pivot Point 17.33 17.33 17.37 17.36 17.33
Support 1 (S1) 17.16 17.15 17.25 17.23 16.95
Support 2 (S2) 16.85 17.03 16.89 16.91
Support 3 (S3) 16.68 16.85 16.87
Support 4 (S4) 16.75