WT BRENT CRUDE 3X DLY SHORT (3BRS.MI) Stock Technical Analysis
BIT:3BRS - Euronext Milan - IE00BLRPRK35 - ETF - Currency: EUR
Taking everything into account, 3BRS scores 0 out of 10 in our technical rating. 3BRS 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
96% of all other stocks performed better in the past year than 3BRS.
3BRS 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 3BRS has a been trading in the 0.42 - 0.69 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
3BRS has an average volume of 1422260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, 3BRS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
0.50
1.03
2 important support areas can be observed.
- A support zone ranging from 0.53 to 0.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.50 to 0.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @0.60 from a horizontal line in the daily time frame.
- Resistance @0.80 from a trend line in the weekly time frame.
- Resistance @0.84 from a trend line in the weekly time frame.
- Resistance @1.02 from a horizontal line in the daily 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 3BRS.MI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 3BRS.MI is down. |
| ChartMill Relative Strength | 4.19 | NEGATIVE | 3BRS.MI has a low relative strength, it was outperformed by 95.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of 3BRS.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 3BRS.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 3BRS.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.53 | NEUTRAL | The RSI value for 3BRS.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests 3BRS.MI has a positive trend. |
| Stochastics (14,3) | 61.55 | NEUTRAL | The Stochastics value for 3BRS.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 9.22 | HIGH VOLATILITY | The high ATR as a percentage value for 3BRS.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 15.7 | NEGATIVE | The low ADX value for 3BRS.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:3BRS (7/17/2025, 7:00:00 PM)
0.5296
-0.02 (-3.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.25%
1 Week3.84%
2 Weeks-7.33%
1 Month-21.83%
3 Month-37.56%
6 Month-31.95%
12 Month-27.76%
2 Year-49.16%
3 Year-66.67%
5 Year70.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%9.22%
ATR Inc-47.76%
Range Today0.02
ADR(20)0.03
ADR(20)%6.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.19
Mansfield-3.24
10 Day High0.58
10 Day Low0.5
20 Day High0.69
20 Day Low0.42
52 Week High1.14
52 Week Low0.42
CS1 End0.53
CR1 Start0.6
Volume & EV
DER(3)0%
DER(5)0%
Volume722.91K
Volume Incr-58.29%
Vol(5)849.72K
Vol(50)1.42M