BREAKWAVE TANKER SHIPPING (BWET) Stock Technical Analysis
NYSEARCA:BWET - NYSE Arca - US03210A2069 - ETF - Currency: USD
Overall BWET gets a technical rating of 2 out of 10. In the past year, BWET was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, BWET is a bad performer in the overall market: 89% of all stocks are doing better.
BWET is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: BWET has an average volume of 4112 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BWET has a been trading in the 10.09 - 13.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
BWET has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for BWET in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.74
13.40
4 important support areas can be observed.
- A support zone ranging from 11.16 to 11.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.36 to 10.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.04 to 10.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.84 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- Resistance @11.38 from a horizontal line in the daily time frame.
- Resistance @12.03 from a trend line in the weekly time frame.
- Resistance @12.30 from a horizontal line in the weekly time frame.
- Resistance @12.51 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 13.17 to 13.27. 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 | DOWN | NEGATIVE | The long term trend for BWET is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BWET is up. |
| ChartMill Relative Strength | 11.28 | NEGATIVE | BWET has a low relative strength, it was outperformed by 88.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BWET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BWET is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BWET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.79 | NEUTRAL | The RSI value for BWET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BWET has a positive trend. |
| Stochastics (14,3) | 41.82 | NEUTRAL | The Stochastics value for BWET is a neutral value. |
| Average True Range in percent/ATR (20) | 7.09 | HIGH VOLATILITY | The high ATR as a percentage value for BWET suggests high volalility. |
| Average Directional Index/ADX (14) | 22.06 | NEUTRAL | The ADX value for BWET suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:BWET (7/14/2025, 8:27:02 PM)
11.37
+0.04 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.35%
1 Week1.7%
2 Weeks6.46%
1 Month14.53%
3 Month-0.04%
6 Month-5.39%
12 Month-31.09%
2 Year-43.71%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%7.09%
ATR Inc-84.02%
Range Today0.09
ADR(20)0.6
ADR(20)%5.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.28
Mansfield-1.48
10 Day High11.41
10 Day Low10.09
20 Day High13.5
20 Day Low10.09
52 Week High16.83
52 Week Low9.06
CS1 End11.25
CR1 Start11.38
Volume & EV
DER(3)26.32%
DER(5)22.32%
Volume3.80K
Volume Incr-65%
Vol(5)2.28K
Vol(50)4.11K