BWET Breakwave Tanker Shipping ETF Forecast, Technical & Fundamental Analysis

BWET's Stochastic Oscillator is remaining in overbought zone for 1 day

Expect a price pull-back in the near future.

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BWET declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BWET broke above its upper Bollinger Band on November 12, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for BWET just turned positive on October 23, 2025. Looking at past instances where BWET's MACD turned positive, the stock continued to rise in of 29 cases over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where BWET advanced for three days, in of 133 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 48 cases where BWET Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .