3X LONG GOLD (3GLD.DE) Stock Technical Analysis
FRA:3GLD - Deutsche Boerse Ag - XS2472195101 - ETF - Currency: EUR
Taking everything into account, 3GLD scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, 3GLD is showing a nice and steady performance.
Warning: 3GLD has an average volume of 1459 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, 3GLD did better than 98% of all other stocks. We also observe that the gains produced by 3GLD over the past year are nicely spread over this period.
3GLD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so 3GLD is performing more or less in line with the market.
In the last month 3GLD has a been trading in the 22.85 - 28.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
3GLD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 25.12, a Stop Loss order could be placed below this zone.
More info and screens
20.02
29.90
4 important support areas can be observed.
- A support zone ranging from 24.77 to 25.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.76 to 24.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.99 from a trend line in the daily time frame.
- Support @20.22 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @27.50 from a horizontal line in the weekly time frame.
- Resistance @29.60 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 | UP | POSITIVE | The long term trend for 3GLD.DE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 3GLD.DE is neutral. |
| ChartMill Relative Strength | 98.59 | POSITIVE | 3GLD.DE has a high relative strength, it outperformed 98.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 3GLD.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 3GLD.DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of 3GLD.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.52 | NEUTRAL | The RSI value for 3GLD.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests 3GLD.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.14 | NEUTRAL | The Stochastics value for 3GLD.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.43 | HIGH VOLATILITY | The high ATR as a percentage value for 3GLD.DE suggests high volalility. |
| Average Directional Index/ADX (14) | 13.29 | NEGATIVE | The low ADX value for 3GLD.DE 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 |
|---|---|---|---|
| 27.51 | 24.76 | 2.75 (10.00%) | 10.00% |
| An entry @27.51. This is a Buy Stop order right above the resistance zone. | An exit @24.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.75 points, which is 10.00%. | For a 1.00% total portfolio risk, you can invest 10.00% of your capital in this trade. |
- 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.
FRA:3GLD (6/2/2025, 7:00:00 PM)
27.182
+1.65 (+6.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.45%
1 Week-0.24%
2 Weeks11.05%
1 Month1.03%
3 Month33.7%
6 Month60.7%
12 Month115.56%
2 Year187.58%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.54
ATR(20)%5.43%
ATR Inc-19.13%
Range Today0.52
ADR(20)0.9
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.59
Mansfield4.19
10 Day High28.03
10 Day Low23.42
20 Day High28.88
20 Day Low22.85
52 Week High31.1
52 Week Low11.96
CS1 End25.12
CR1 Start27.5
Volume & EV
DER(3)0%
DER(5)0%
Volume3.46K
Volume Incr-4.52%
Vol(5)1.40K
Vol(50)1.46K