Technical Analysis for BOAT - SonicShares Global Shipping ETF

Grade Last Price % Change Price Change
A 33.42 0.46% 0.15
BOAT closed up 0.79 percent on Friday, May 3, 2024, on 60 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.46%
Pocket Pivot Bullish Swing Setup 0.46%
NR7 Range Contraction 0.46%
Narrow Range Bar Range Contraction 0.46%
New 52 Week High Strength 0.46%
Gapped Up Strength 0.46%
Overbought Stochastic Strength 0.46%
New 52 Week Closing High Bullish 1.25%
Pocket Pivot Bullish Swing Setup 1.25%
New 52 Week High Strength 1.25%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 2 hours ago
Possible NR7 about 2 hours ago
Possible Pocket Pivot about 4 hours ago
Rose Above Previous Day's High about 7 hours ago
New 52 Week High about 7 hours ago

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Profile

The investment seeks to track the performance, before fees and expenses, of the Solactive Global Shipping Index. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund?s investment adviser believes will help it track the index. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund Index Fund Investment Management

Top 10 Components

Symbol Grade Price % Change Allocation
STNG A -0.51 4.71
INSW A 0.27 4.30
MATX B -1.47 4.12
SBLK A 0.64 2.97
GOGL A -2.50 2.85
BWLP B 2.38 1.93
DHT A -0.43 1.89
SFL A 0.07 1.84
TNK B 0.35 1.73
LPG B -1.82 1.70

Is BOAT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 33.28
52 Week Low 23.0884
Average Volume 17,188
200-Day Moving Average 28.76
50-Day Moving Average 30.79
20-Day Moving Average 31.21
10-Day Moving Average 32.11
Average True Range 0.45
RSI (14) 74.68
ADX 22.51
+DI 48.52
-DI 20.29
Chandelier Exit (Long, 3 ATRs) 31.93
Chandelier Exit (Short, 3 ATRs) 31.15
Upper Bollinger Bands 33.31
Lower Bollinger Band 29.11
Percent B (%b) 0.99
BandWidth 13.46
MACD Line 0.65
MACD Signal Line 0.40
MACD Histogram 0.255
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.54
Resistance 3 (R3) 33.51 33.40 33.50
Resistance 2 (R2) 33.40 33.33 33.41 33.48
Resistance 1 (R1) 33.33 33.29 33.37 33.36 33.47
Pivot Point 33.22 33.22 33.23 33.23 33.22
Support 1 (S1) 33.15 33.15 33.18 33.18 33.07
Support 2 (S2) 33.04 33.10 33.05 33.06
Support 3 (S3) 32.97 33.04 33.04
Support 4 (S4) 33.00