BREAKWAVE TANKER SHIPPING (BWET) Technical Analysis
NYSEARCA:BWET • US03210A2069
Overall BWET gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BWET is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BWET did better than 99% of all other stocks. We also observe that the gains produced by BWET over the past year are nicely spread over this period.
- BWET is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BWET has a been trading in the 36.31 - 75.50 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Although BWET has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
56.90
When analyzing the support we notice one important area.
- Support @57.47 from a horizontal line 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 BWET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BWET is up. |
| ChartMill Relative Strength | 99.51 | POSITIVE | BWET has a high relative strength, it outperformed 99.51% 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) | UP | POSITIVE | The current price of BWET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BWET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.08 | NEUTRAL | The RSI value for BWET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests BWET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.98 | NEUTRAL | The Stochastics value for BWET is a neutral value. |
| Average True Range in percent/ATR (20) | 8.37 | HIGH VOLATILITY | The high ATR as a percentage value for BWET suggests high volalility. |
| Average Directional Index/ADX (14) | 49.66 | POSITIVE | The high ADX value value for BWET suggests a strong trend. |
BWET Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:BWET (3/11/2026, 1:52:04 PM)
71.735
+5.99 (+9.1%)
BREAKWAVE TANKER SHIPPING / BWET FAQ
What is the ChartMill technical rating of BREAKWAVE TANKER SHIPPING (BWET) stock?
ChartMill assigns a technical rating of 10 / 10 to BWET.
What is the current trend direction of BREAKWAVE TANKER SHIPPING (BWET) stock?
The current trend direction for BREAKWAVE TANKER SHIPPING (BWET) is Bullish.
What is the RSI signal for BREAKWAVE TANKER SHIPPING (BWET) stock?
BREAKWAVE TANKER SHIPPING (BWET) has an RSI value of 65.0752. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BREAKWAVE TANKER SHIPPING?
The MACD indicator for BREAKWAVE TANKER SHIPPING (BWET) has a value of 0.150495, indicating a bearish trend.
Can you provide the short term momentum for BREAKWAVE TANKER SHIPPING?
The short term momentum for BREAKWAVE TANKER SHIPPING (BWET) is positive.