WT BRENT CRUDE 3X DAILY LVRG (3BRL.MI) Stock Technical Analysis
BIT:3BRL - Euronext Milan - IE00BMTM6D55 - ETF - Currency: EUR
Taking everything into account, 3BRL scores 1 out of 10 in our technical rating. 3BRL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
98% of all other stocks performed better in the past year than 3BRL.
3BRL 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 3BRL is lagging the market.
In the last month 3BRL has a been trading in the 13.40 - 18.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
3BRL has a poor technical rating and the quality of the setup is also not perfect 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
15.01
27.98
We found 1 important support area.
- Support @15.16 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @16.79 from a trend line in the daily time frame.
- Resistance @17.60 from a horizontal line in the daily time frame.
- A resistance zone ranging from 18.74 to 18.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @27.70 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 3BRL.MI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 3BRL.MI is down. |
| ChartMill Relative Strength | 2.74 | NEGATIVE | 3BRL.MI has a low relative strength, it was outperformed by 97.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 3BRL.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 3BRL.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 3BRL.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.74 | NEUTRAL | The RSI value for 3BRL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests 3BRL.MI has a positive trend. |
| Stochastics (14,3) | 31.95 | NEUTRAL | The Stochastics value for 3BRL.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.21 | HIGH VOLATILITY | The high ATR as a percentage value for 3BRL.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.79 | NEGATIVE | The low ADX value for 3BRL.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:3BRL (6/2/2025, 7:00:00 PM)
16.734
+1.57 (+10.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg10.34%
1 Week-0.78%
2 Weeks-3.38%
1 Month2.94%
3 Month-36.89%
6 Month-33.91%
12 Month-54.64%
2 Year-38.96%
3 Year-98.83%
5 Year-50.95%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%7.21%
ATR Inc64.63%
Range Today0.99
ADR(20)0.91
ADR(20)%5.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.74
Mansfield-4.29
10 Day High18.03
10 Day Low15.17
20 Day High18.5
20 Day Low13.4
52 Week High44.6
52 Week Low12.84
CS1 End15.16
CR1 Start16.79
Volume & EV
DER(3)0%
DER(5)0%
Volume33.05K
Volume Incr-27.75%
Vol(5)21.68K
Vol(50)32.80K