WT BRENT CRUDE 3X DLY SHORT (3BRS.MI) Stock Technical Analysis
BIT:3BRS - Euronext Milan - IE00BLRPRK35 - ETF - Currency: EUR
Overall 3BRS gets a technical rating of 7 out of 10. 3BRS was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month 3BRS has a been trading in the 0.72 - 1.14 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that 3BRS is one of the better performing stocks in the market, outperforming 89% of all stocks.
3BRS has an average volume of 1222230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
3BRS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so 3BRS is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, 3BRS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.79, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.58
1.05
4 important support areas can be observed.
- A support zone ranging from 0.77 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.71 to 0.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.62 to 0.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.59 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 0.81 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.89 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.91 to 0.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.02 from a horizontal line in the daily time frame.
- Resistance @1.04 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 | NEUTRAL | NEUTRAL | The long term trend for 3BRS.MI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 3BRS.MI is neutral. |
| ChartMill Relative Strength | 89.21 | POSITIVE | 3BRS.MI has a high relative strength, it outperformed 89.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 3BRS.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 3BRS.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of 3BRS.MI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.7 | NEUTRAL | The RSI value for 3BRS.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests 3BRS.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.18 | NEUTRAL | The Stochastics value for 3BRS.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.63 | HIGH VOLATILITY | The high ATR as a percentage value for 3BRS.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 15.82 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.82 | 0.76 | 0.06 (7.32%) | 13.67% |
| An entry @0.82. This is a Buy Stop order right above the resistance zone. | An exit @0.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.06 points, which is 7.32%. | For a 1.00% total portfolio risk, you can invest 13.67% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of 3BRS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BIT:3BRS (5/29/2025, 7:00:00 PM)
0.804
+0.01 (+1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.01%
1 Week1.28%
2 Weeks-6.44%
1 Month-11.89%
3 Month18.83%
6 Month5.97%
12 Month36.41%
2 Year-56.89%
3 Year-46.79%
5 Year29.22%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%10.63%
ATR Inc-4.76%
Range Today0.07
ADR(20)0.05
ADR(20)%6.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.21
Mansfield0.35
10 Day High0.9
10 Day Low0.72
20 Day High1.14
20 Day Low0.72
52 Week High1.14
52 Week Low0.56
CS1 End0.79
CR1 Start0.81
Volume & EV
DER(3)0%
DER(5)0%
Volume593.49K
Volume Incr-54.46%
Vol(5)540.62K
Vol(50)1.22M