3ITS Technical Analysis - WT FTSE MIB 3X DAILY SHORT

Technical Rating and Analysis

Overall 3ITS gets a technical rating of 2 out of 10. Although 3ITS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

In the last month 3ITS has a been trading in the 21.00 - 27.41 range, which is quite wide. It is currently trading near the lows of this range.

Looking at the yearly performance, 3ITS did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

3ITS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so 3ITS is lagging the market slightly.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WT FTSE MIB 3X DAILY SHORT / 3ITS Weekly stock chart

WT FTSE MIB 3X DAILY SHORT / 3ITS Daily stock chart

Setup Rating and Analysis

3ITS has a poor technical rating and the quality of the setup is also only medium 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.57

44.73

We found 1 important support area.

A support zone ranging from 21.79 to 21.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 22.90 to 22.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @35.52 from a trend line in the weekly time frame.
Resistance @41.73 from a trend line in the daily time frame.
A resistance zone ranging from 43.82 to 44.29. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Technical Indicator Signal Analysis

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 3ITS.MI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for 3ITS.MI is down.
ChartMill Relative Strength	99.79	POSITIVE	3ITS.MI has a high relative strength, it outperformed 99.79% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of 3ITS.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of 3ITS.MI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of 3ITS.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	36.3	NEUTRAL	The RSI value for 3ITS.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.26	POSITIVE	The MACD value suggests 3ITS.MI has a positive trend.
Stochastics (14,3)	30.19	NEUTRAL	The Stochastics value for 3ITS.MI is a neutral value.
Average True Range in percent/ATR (20)	4.13	MEDIUM VOLATILITY	The ATR as a percentage value for 3ITS.MI suggests some volalility.
Average Directional Index/ADX (14)	23.94	NEUTRAL	The ADX value for 3ITS.MI suggests a possible start of a new trend.