WT BRENT CRUDE 3X DAILY LVRG (3BRL.MI) Stock Technical Analysis
BIT:3BRL - Euronext Milan - IE00BMTM6D55 - ETF - Currency: EUR
Overall 3BRL gets a technical rating of 2 out of 10. 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.
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 3BRL.
3BRL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month 3BRL has a been trading in the 17.12 - 23.73 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of 3BRL 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
17.91
25.15
When analyzing the support we notice one important area.
- A support zone ranging from 18.09 to 18.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @20.70 from a horizontal line in the weekly time frame.
- Resistance @21.95 from a trend line in the daily time frame.
- Resistance @22.93 from a trend line in the weekly time frame.
- A resistance zone ranging from 24.66 to 24.90. 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 | DOWN | NEGATIVE | The long term trend for 3BRL.MI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 3BRL.MI is neutral. |
| ChartMill Relative Strength | 12.27 | NEGATIVE | 3BRL.MI has a low relative strength, it was outperformed by 87.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 3BRL.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of 3BRL.MI is below the rising 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) | 43.25 | NEUTRAL | The RSI value for 3BRL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests 3BRL.MI has a negative trend. |
| Stochastics (14,3) | 19.84 | OVERSOLD | The low Stochastics value suggests 3BRL.MI may be oversold. |
| Average True Range in percent/ATR (20) | 8.76 | HIGH VOLATILITY | The high ATR as a percentage value for 3BRL.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 15.07 | 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 (8/8/2025, 7:00:00 PM)
18.098
-0.09 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.49%
1 Week-22.14%
2 Weeks-6.95%
1 Month-29.21%
3 Month24.69%
6 Month-47.61%
12 Month-56.06%
2 Year-55.6%
3 Year-98.02%
5 Year-34.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.38
ATR(20)%8.76%
ATR Inc39.83%
Range Today1.25
ADR(20)1.03
ADR(20)%5.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.27
Mansfield-3.48
10 Day High23.73
10 Day Low17.3
20 Day High23.73
20 Day Low17.12
52 Week High39.92
52 Week Low12.84
CS1 End18.09
CR1 Start20.7
Volume & EV
DER(3)0%
DER(5)0%
Volume37.43K
Volume Incr-1.96%
Vol(5)45.55K
Vol(50)46.82K