BREAKWAVE DRY BULK SHIP ETF (BDRY) Stock Technical Analysis
NYSEARCA:BDRY - US03210A1079 - ETF
Overall BDRY gets a technical rating of 8 out of 10. Although BDRY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, BDRY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. We notice that large players showed an interest for BDRY in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
5.01
We found 3 important support areas.
- Support @6.93 from a horizontal line in the daily time frame.
- Support @5.55 from a horizontal line in the daily time frame.
- A support zone ranging from 5.06 to 5.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @8.42 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for BDRY is up. |
| ChartMill Relative Strength | 65.39 | NEUTRAL | BDRY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BDRY is below 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) | DOWN | MIXED | The current price of BDRY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.3 | NEUTRAL | The RSI value for BDRY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests BDRY has a negative trend. |
| Stochastics (14,3) | 37.74 | NEUTRAL | The Stochastics value for BDRY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for BDRY suggests some volalility. |
| Average Directional Index/ADX (14) | 27.43 | POSITIVE | The high ADX value value for BDRY suggests a strong trend. |
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 |
|---|---|---|---|
| 8.43 | 7.72 | 0.71 (8.42%) | 11.87% |
| An entry @8.43. This is a Buy Stop order right above the resistance zone. | An exit @7.72. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.71 points, which is 8.42%. | For a 1.00% total portfolio risk, you can invest 11.87% of your capital in this trade. |
- 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.
NYSEARCA:BDRY (9/5/2025, 8:04:01 PM)
8.04
-0.02 (-0.29%)