GRANITESHARES 3X LONG FAANG (3FNG.MI) Stock Technical Analysis
BIT:3FNG - Euronext Milan - XS2679091996 - ETF - Currency: EUR
We assign a technical rating of 4 out of 10 to 3FNG. 3FNG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
3FNG has an average technical rating and it also does not offer a high 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.
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75.85
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 76.63 to 77.38. 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 | UP | POSITIVE | The long term trend for 3FNG.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 3FNG.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | 3FNG.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of 3FNG.MI is below the rising SMA(20). |
| Relative Strength Index/RSI (14) | 57.96 | NEUTRAL | The RSI value for 3FNG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.86 | NEGATIVE | The MACD value suggests 3FNG.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.97 | NEUTRAL | The Stochastics value for 3FNG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 14.44 | HIGH VOLATILITY | The high ATR as a percentage value for 3FNG.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.28 | NEUTRAL | The ADX value for 3FNG.MI suggests a possible start of a new trend. |
BIT:3FNG (5/28/2025, 7:00:00 PM)
76.62
+1.69 (+2.26%)