BREAKWAVE DRY BULK SHIP ETF (BDRY) Stock Technical Analysis
USA - NYSEARCA:BDRY - US03210A1079 - ETF
Overall BDRY gets a technical rating of 5 out of 10. In the last year, BDRY was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
BDRY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.09
We found 5 important support areas.
- A support zone ranging from 8.05 to 8.16. 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 7.85 to 7.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.71 from a horizontal line in the weekly time frame.
- Support @7.50 from a horizontal line in the daily time frame.
- Support @5.14 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @8.42 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 8.60 to 8.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for BDRY is neutral. |
| ChartMill Relative Strength | 57.8 | NEUTRAL | BDRY is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of BDRY is above a declining 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) | 54.48 | NEUTRAL | The RSI value for BDRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BDRY has a positive trend. |
| Stochastics (14,3) | 60.34 | NEUTRAL | The Stochastics value for BDRY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for BDRY suggests some volalility. |
| Average Directional Index/ADX (14) | 11.4 | NEGATIVE | The low ADX value for BDRY suggests a weak or negative trend. |
8.3
+0.12 (+1.47%)
BREAKWAVE DRY BULK SHIP ETF / BDRY FAQ
What is the ChartMill technical rating of BREAKWAVE DRY BULK SHIP ETF (BDRY) stock?
ChartMill assigns a technical rating of 5 / 10 to BDRY.
Can you provide the trend direction for BREAKWAVE DRY BULK SHIP ETF?
The current trend direction for BREAKWAVE DRY BULK SHIP ETF (BDRY) is Bullish.
What is the RSI signal for BREAKWAVE DRY BULK SHIP ETF (BDRY) stock?
BREAKWAVE DRY BULK SHIP ETF (BDRY) has an RSI value of 54.4786. This indicates that the stock is currently neutral.
What is the MACD signal for BDRY stock?
The MACD indicator for BREAKWAVE DRY BULK SHIP ETF (BDRY) has a value of 0.00696082, indicating a bearish trend.
What is the short term momentum for BDRY stock?
The short term momentum for BREAKWAVE DRY BULK SHIP ETF (BDRY) is neutral.