3X BIDU (3BID.MI) Stock Technical Analysis
BIT:3BID - Euronext Milan - XS2757381749 - ETF - Currency: EUR
Taking everything into account, 3BID scores 0 out of 10 in our technical rating. 3BID scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
3BID has a poor technical rating and the quality of the setup is also only medium 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
3.01
We found 1 important support area.
- A support zone ranging from 3.04 to 3.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for 3BID.MI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 3BID.MI is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | 3BID.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 3BID.MI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 40.17 | NEUTRAL | The RSI value for 3BID.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests 3BID.MI has a negative trend. |
| Stochastics (14,3) | 10.7 | OVERSOLD | The low Stochastics value suggests 3BID.MI may be oversold. |
| Average True Range in percent/ATR (20) | 26.73 | HIGH VOLATILITY | The high ATR as a percentage value for 3BID.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 8.38 | NEGATIVE | The low ADX value for 3BID.MI suggests a weak or negative trend. |
BIT:3BID (6/19/2025, 7:00:00 PM)
3.0525
-0.49 (-13.75%)