WT FTSE MIB 3X DAILY SHORT (3ITS.MI) Stock Technical Analysis
BIT:3ITS - Euronext Milan - XS2819844031 - ETF - Currency: EUR
We assign a technical rating of 0 out of 10 to 3ITS. 3ITS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, 3ITS is a bad performer in the overall market: 98% of all stocks are doing better.
3ITS is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month 3ITS has a been trading in the 18.55 - 22.18 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of 3ITS is bad and it also does not present a 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.
More info and screens
18.71
44.73
6 important resistance areas can be observed.
- Resistance @19.64 from a trend line in the daily time frame.
- Resistance @20.88 from a trend line in the daily time frame.
- A resistance zone ranging from 21.37 to 21.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.51 from a trend line in the weekly time frame.
- Resistance @33.51 from a trend line in the weekly time frame.
- Resistance @44.29 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 | 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 | 2.32 | NEGATIVE | 3ITS.MI has a low relative strength, it was outperformed by 97.68% 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) | 34.56 | NEUTRAL | The RSI value for 3ITS.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests 3ITS.MI has a negative trend. |
| Stochastics (14,3) | 17.81 | OVERSOLD | The low Stochastics value suggests 3ITS.MI may be oversold. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for 3ITS.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.88 | NEGATIVE | The low ADX value for 3ITS.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)
BIT:3ITS (8/8/2025, 7:00:00 PM)
18.9
-0.34 (-1.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.75%
1 Week-11.56%
2 Weeks-7.71%
1 Month-13.5%
3 Month-22.54%
6 Month-42.84%
12 Month-65.45%
2 Year4646.36%
3 Year1421.98%
5 Year433.9%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%4.33%
ATR Inc-21.64%
Range Today0.57
ADR(20)0.67
ADR(20)%3.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.32
Mansfield-4.98
10 Day High21.72
10 Day Low18.55
20 Day High22.18
20 Day Low18.55
52 Week High54.75
52 Week Low18.55
CS1 EndN/A
CR1 Start19.64
Volume & EV
DER(3)0%
DER(5)0%
Volume93.14K
Volume Incr4.28%
Vol(5)81.53K
Vol(50)87.49K