Breakwave Tanker Shipping ETF (BWET)

Breakwave Tanker Shipping ETF is trading at $416.74, down 2.26% on the session. The 50 day average sits at $271.89 and the 200 day at $133.16, which puts the stock in a uptrend. RSI is at 63.4, which reads as strong, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $251.80 with resistance near $484.84, so that band frames the current range. Average daily movement is roughly $31.46, or about 7.5% of the share price, which is what any stop placement has to allow for. The overall health score of 67 out of 100 combines a trend score of 100, momentum of 70 and a risk score of 10.

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. and measures the charter rate for shipping crude oil in a specific size category of cargo ship and for a specific route.