BREAKWAVE DRY BULK SHIP ETF (BDRY) Technical Analysis
NYSEARCA:BDRY • US03210A1079
Current stock price
BDRY Technical Rating and Analysis
Overall BDRY gets a technical rating of 10 out of 10. Both in the recent history as in the last year, BDRY has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BDRY did better than 90% of all other stocks. On top of that, BDRY also shows a nice and consistent pattern of rising prices.
- BDRY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BDRY is lagging the market slightly.
- In the last month BDRY has a been trading in the 9.81 - 11.90 range, which is quite wide. It is currently trading near the high of this range.
BDRY Weekly and Daily overview Charts
BDRY Setup Rating and Analysis
Although BDRY has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
BDRY Support and Resistance Analysis
8.31
5 important support areas can be observed.
- A support zone ranging from 11.14 to 11.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.73 to 10.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.46 to 10.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.22 from a trend line in the weekly time frame.
- Support @8.39 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @12.08 from a horizontal line in the weekly time frame.
BDRY Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BDRY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BDRY is up. |
| ChartMill Relative Strength | 90.05 | POSITIVE | BDRY has a high relative strength, it outperformed 90.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BDRY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BDRY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BDRY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.02 | NEUTRAL | The RSI value for BDRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BDRY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.48 | OVERBOUGHT | The high Stochastics value suggests BDRY may be overbought. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for BDRY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.09 | NEGATIVE | The low ADX value for BDRY suggests a weak or negative trend. |
BDRY Chart- and CandleStick Pattern Analysis
BDRY Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.09 | 11.13 | 0.96 (7.94%) | 12.59% |
| An entry @12.09. This is a Buy Stop order right above the resistance zone. | An exit @11.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.96 points, which is 7.94%. | When investing 12.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BDRY Technicals: Chart, Performance Metrics, Trend & Indicators
11.73
+0.01 (+0.09%)
BREAKWAVE DRY BULK SHIP ETF / BDRY TA FAQ
What is the technical rating for BDRY stock?
ChartMill assigns a technical rating of 10 / 10 to BDRY.
What is the trend direction for BDRY stock?
The current trend direction for BREAKWAVE DRY BULK SHIP ETF (BDRY) is Bullish.
Can you provide the RSI signal for BREAKWAVE DRY BULK SHIP ETF?
BREAKWAVE DRY BULK SHIP ETF (BDRY) has an RSI value of 61.0207. This indicates that the stock is currently neutral.
What is the short term momentum for BREAKWAVE DRY BULK SHIP ETF (BDRY) stock?
The short term momentum for BREAKWAVE DRY BULK SHIP ETF (BDRY) is positive.
Can you provide the buy/sell signal for BREAKWAVE DRY BULK SHIP ETF?
The buy/sell signal for BREAKWAVE DRY BULK SHIP ETF (BDRY) is buy as both the short term and long term trends are positive.