WT PALLADIUM 2X DLY LVRGD (2PAL.MI) Stock Technical Analysis
BIT:2PAL - Euronext Milan - IE00B94QLN63 - ETF - Currency: EUR
Taking everything into account, 2PAL scores 0 out of 10 in our technical rating. 2PAL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
88% of all other stocks performed better in the past year than 2PAL.
2PAL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so 2PAL is lagging the market.
In the last month 2PAL has a been trading in the 5.84 - 7.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of 2PAL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.61
11.04
4 important resistance areas can be observed.
- A resistance zone ranging from 7.26 to 7.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.53 to 7.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.25 to 9.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.93 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for 2PAL.MI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 2PAL.MI is neutral. |
| ChartMill Relative Strength | 12.98 | NEGATIVE | 2PAL.MI has a low relative strength, it was outperformed by 87.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of 2PAL.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 2PAL.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 2PAL.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.48 | NEUTRAL | The RSI value for 2PAL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests 2PAL.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.24 | NEUTRAL | The Stochastics value for 2PAL.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.61 | HIGH VOLATILITY | The high ATR as a percentage value for 2PAL.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 9.33 | NEGATIVE | The low ADX value for 2PAL.MI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
BIT:2PAL (5/28/2025, 7:00:00 PM)
6.679
-0.27 (-3.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.84%
1 Week-0.74%
2 Weeks3.53%
1 Month-13.66%
3 Month-0.34%
6 Month-13.73%
12 Month-40.08%
2 Year-70.7%
3 Year-97.09%
5 Year-98.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%6.61%
ATR Inc-41.29%
Range Today0.3
ADR(20)0.32
ADR(20)%4.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.98
Mansfield-1.96
10 Day High7.8
10 Day Low6.42
20 Day High7.8
20 Day Low5.84
52 Week High13.35
52 Week Low5.84
CS1 EndN/A
CR1 Start7.26
Volume & EV
DER(3)0%
DER(5)0%
Volume65.94K
Volume Incr-23.65%
Vol(5)56.61K
Vol(50)83.36K