WT DAX 3X DAILY SHORT (3DES.MI) Stock Technical Analysis
Europe • Euronext Milan • BIT:3DES • IE00B8GKPP93
We assign a technical rating of 0 out of 10 to 3DES. 3DES 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.
- When comparing the yearly performance of all stocks, 3DES is a bad performer in the overall market: 95% of all stocks are doing better.
- 3DES is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- 3DES has an average volume of 3681000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month 3DES has a been trading in the 0.15 - 0.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
The technical rating of 3DES 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
0.16
When analyzing the support we notice one important area.
- A support zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.20 to 0.20. 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 3DES.MI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 3DES.MI is down. |
| ChartMill Relative Strength | 5.13 | NEGATIVE | 3DES.MI has a low relative strength, it was outperformed by 94.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of 3DES.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 3DES.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 3DES.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.4 | NEUTRAL | The RSI value for 3DES.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests 3DES.MI has a positive trend. |
| Stochastics (14,3) | 60.82 | NEUTRAL | The Stochastics value for 3DES.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for 3DES.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.09 | NEGATIVE | The low ADX value for 3DES.MI suggests a weak or negative trend. |
BIT:3DES (2/2/2026, 7:00:00 PM)
0.1642
+0 (+0.86%)
WT DAX 3X DAILY SHORT / 3DES.MI FAQ
What is the ChartMill technical rating of WT DAX 3X DAILY SHORT (3DES.MI) stock?
ChartMill assigns a technical rating of 0 / 10 to 3DES.MI.
Can you provide the trend direction for WT DAX 3X DAILY SHORT?
The current trend direction for WT DAX 3X DAILY SHORT (3DES.MI) is Bearish.
Can you provide the RSI signal for WT DAX 3X DAILY SHORT?
WT DAX 3X DAILY SHORT (3DES.MI) has an RSI value of 44.3961. This indicates that the stock is currently neutral.
What is the short term momentum for WT DAX 3X DAILY SHORT (3DES.MI) stock?
The short term momentum for WT DAX 3X DAILY SHORT (3DES.MI) is negative.
What is the support and resistance level for 3DES stock?
WT DAX 3X DAILY SHORT (3DES.MI) has a resistance level at 0.16. Check the full technical report for our detailed analysis of 3DES.MI support and resistance levels.