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BWET
ETF ticker: NYSE ARCA
AS OF
Jan 17 closing price
Price
$12.02
Change
-$0.04 (-0.33%)
Net Assets
1.82M

BWET stock forecast, quote, news & analysis

BWET
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
published price charts
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A.I.Advisor
a Summary for BWET with price predictions
Jan 08, 2025

BWET in -1.33% downward trend, falling for three consecutive days on December 31, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BWET declined for three days, in of 130 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 30, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BWET as a result. In of 24 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Aroon Indicator for BWET entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BWET's RSI Oscillator exited the oversold zone, of 15 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 21 cases where BWET's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BWET advanced for three days, in of 93 cases, the price rose further within the following month. The odds of a continued upward trend are .

BWET may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

A.I.Advisor
published Highlights

Industry description

The investment seeks to provide investors with exposure to the daily change in the price of tanker freight futures by tracking the performance of a portfolio (the “Benchmark Portfolio”) consisting of exchange-cleared futures contracts on the cost of shipping crude oil (“Freight Futures”). Freight Futures reflect market expectations for the future cost of transporting crude oil. Each Reference Index is published each United Kingdom business day by the London-based Baltic Exchange Ltd. (the “Baltic Exchange”) and measures the charter rate for shipping crude oil in a specific size category of cargo ship and for a specific route.
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BWET
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category CommoditiesBroadBasket

Profile
Fundamentals
Details
Category
Commodities Focused
Address
ETF Managers Group Commodity Trust I35 Beechwood Road,Suite BSummit
Phone
(908) 897-0510
Web
N/A