WT GOLD 3X DAILY LEVERAGED (3GOL.MI) Stock Technical Analysis
BIT:3GOL - Euronext Milan - IE00B8HGT870 - ETF - Currency: EUR
Overall 3GOL gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Warning: 3GOL has an average volume of 20270 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.
When comparing the yearly performance of all stocks, we notice that 3GOL is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, 3GOL also shows a nice and consistent pattern of rising prices.
3GOL 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 3GOL is performing more or less in line with the market.
In the last month 3GOL has a been trading in the 80.87 - 100.34 range, which is quite wide. It is currently trading near the high of this range.
3GOL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 92.64, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
71.31
106.94
We found 4 important support areas.
- A support zone ranging from 90.54 to 92.64. 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 88.42 to 89.07. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 84.96 to 84.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @72.03 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 94.56 to 94.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @98.26 from a horizontal line in the weekly time frame.
- Resistance @105.88 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 3GOL.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 3GOL.MI is neutral. |
| ChartMill Relative Strength | 97.43 | POSITIVE | 3GOL.MI has a high relative strength, it outperformed 97.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of 3GOL.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 3GOL.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of 3GOL.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.99 | NEUTRAL | The RSI value for 3GOL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests 3GOL.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73 | NEUTRAL | The Stochastics value for 3GOL.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for 3GOL.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 10.21 | NEGATIVE | The low ADX value for 3GOL.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 |
|---|---|---|---|
| 94.78 | 90.53 | 4.25 (4.48%) | 22.30% |
| An entry @94.78. This is a Buy Stop order right above the resistance zone. | An exit @90.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.25 points, which is 4.48%. | For a 1.00% total portfolio risk, you can invest 22.30% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of 3GOL. 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:3GOL (6/6/2025, 7:00:00 PM)
94.21
-1.74 (-1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.81%
1 Week3.12%
2 Weeks-3.77%
1 Month-4.12%
3 Month29.14%
6 Month60.25%
12 Month110.95%
2 Year216.57%
3 Year198.8%
5 Year142.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.11
ATR(20)%4.97%
ATR Inc3.61%
Range Today4.22
ADR(20)3.58
ADR(20)%3.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.43
Mansfield3.37
10 Day High100.34
10 Day Low90.34
20 Day High100.34
20 Day Low80.87
52 Week High111
52 Week Low42.27
CS1 End92.64
CR1 Start94.56
Volume & EV
DER(3)0%
DER(5)0.01%
Volume19.80K
Volume Incr13.95%
Vol(5)21.56K
Vol(50)20.27K