WT FTSE MIB 3X DLY LEVERAGED (3ITL.MI) Stock Technical Analysis
BIT:3ITL - Euronext Milan - IE00B8NB3063 - ETF - Currency: EUR
Taking everything into account, 3ITL scores 9 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, 3ITL is showing a nice and steady performance.
Warning: 3ITL has an average volume of 25665 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
3ITL is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so 3ITL is leading the market.
In the last month 3ITL has a been trading in the 221.62 - 282.59 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, 3ITL did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Considerably lower volume is observed in the last couple of days.
Although 3ITL has an excellent technical rating, the quality of the presented setup is not ideal 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
163.30
272.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 258.21 to 260.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @164.95 from a trend line in the weekly 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 3ITL.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 3ITL.MI is up. |
| ChartMill Relative Strength | 89.1 | POSITIVE | 3ITL.MI has a high relative strength, it outperformed 89.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 3ITL.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 3ITL.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of 3ITL.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.17 | NEUTRAL | The RSI value for 3ITL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.09 | NEGATIVE | The MACD value suggests 3ITL.MI has a negative trend. |
| Stochastics (14,3) | 65.83 | NEUTRAL | The Stochastics value for 3ITL.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for 3ITL.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.12 | NEGATIVE | The low ADX value for 3ITL.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 |
|---|---|---|---|
| 282.60 | 258.20 | 24.40 (8.63%) | 11.58% |
| An entry @282.60. This is a Buy Stop order right above the 10 day high. | An exit @258.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 24.40 points, which is 8.63%. | When investing 11.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:3ITL (5/30/2025, 7:00:00 PM)
269.92
+1.37 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.51%
1 Week4.53%
2 Weeks0.02%
1 Month25.01%
3 Month9.52%
6 Month65.72%
12 Month45.09%
2 Year227.41%
3 Year252.33%
5 Year870.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.06
ATR(20)%3.52%
ATR Inc-8.16%
Range Today6.85
ADR(20)8.19
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.1
Mansfield3.57
10 Day High282.59
10 Day Low247
20 Day High282.59
20 Day Low221.62
52 Week High282.59
52 Week Low125.3
CS1 End260.71
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume9.57K
Volume Incr-33.2%
Vol(5)13.18K
Vol(50)25.67K