GRANITESHARES 3X LONG BABA (3LAA.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:3LAA - XS2842095320 - ETF
Taking everything into account, 3LAA scores 2 out of 10 in our technical rating. Although 3LAA 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 technical rating of 3LAA 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
35.31
3 important support areas can be observed.
- A support zone ranging from 53.56 to 53.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.11 from a trend line in the daily time frame.
- A support zone ranging from 35.67 to 36.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @58.84 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for 3LAA.MI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 3LAA.MI is down. |
| ChartMill Relative Strength | 99.89 | POSITIVE | 3LAA.MI has a high relative strength, it outperformed 99.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 3LAA.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 3LAA.MI is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 37.38 | NEUTRAL | The RSI value for 3LAA.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.59 | NEGATIVE | The MACD value suggests 3LAA.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.92 | OVERSOLD | The low Stochastics value suggests 3LAA.MI may be oversold. |
| Average True Range in percent/ATR (20) | 14.35 | HIGH VOLATILITY | The high ATR as a percentage value for 3LAA.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.16 | NEGATIVE | The low ADX value for 3LAA.MI suggests a weak or negative trend. |
BIT:3LAA (12/29/2025, 7:00:00 PM)
53.57
-3.3 (-5.8%)
GRANITESHARES 3X LONG BABA / 3LAA.MI FAQ
What is the technical rating for 3LAA stock?
ChartMill assigns a technical rating of 2 / 10 to 3LAA.MI.
What is the trend direction for 3LAA stock?
The current trend direction for GRANITESHARES 3X LONG BABA (3LAA.MI) is Bearish.
What is the RSI signal for 3LAA stock?
GRANITESHARES 3X LONG BABA (3LAA.MI) has an RSI value of 37.3818. This indicates that the stock is currently neutral.
What is the support and resistance level for 3LAA stock?
GRANITESHARES 3X LONG BABA (3LAA.MI) has a support level at 53.56 and a resistance level at 58.84. Check the full technical report for our detailed analysis of 3LAA.MI support and resistance levels.