GRANITESHARES 3X LONG BABA (3LAA.MI) Stock Technical Analysis
BIT:3LAA - Euronext Milan - XS2842095320 - ETF - Currency: EUR
Overall 3LAA gets a technical rating of 1 out of 10. 3LAA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, 3LAA is a bad performer in the overall market: 100% of all stocks are doing better.
In the last month 3LAA has a been trading in the 36.56 - 64.71 range, which is quite wide. It is currently trading near the lows of this range.
Warning: 3LAA has an average volume of 1606 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
3LAA 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.
More info and screens
36.70
44.16
2 important support areas can be observed.
- A support zone ranging from 39.04 to 39.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @43.72 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 | 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 | 0 | NEGATIVE | 3LAA.MI has a low relative strength, it was outperformed by 100% 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) | UP | MIXED | The current price of 3LAA.MI is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 40.33 | NEUTRAL | The RSI value for 3LAA.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests 3LAA.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.06 | OVERSOLD | The low Stochastics value suggests 3LAA.MI may be oversold. |
| Average True Range in percent/ATR (20) | 13.99 | HIGH VOLATILITY | The high ATR as a percentage value for 3LAA.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 11.79 | NEGATIVE | The low ADX value for 3LAA.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:3LAA (6/12/2025, 7:00:00 PM)
39.08
-3.69 (-8.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-8.62%
1 Week-5.74%
2 Weeks-15.76%
1 Month-14.29%
3 Month-65.52%
6 Month25.34%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.87
ATR(20)%13.99%
ATR Inc-45.33%
Range Today2.53
ADR(20)4.01
ADR(20)%10.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High50
10 Day Low36.57
20 Day High64.71
20 Day Low36.57
52 Week HighN/A
52 Week LowN/A
CS1 End39.07
CR1 Start43.72
Volume & EV
DER(3)0%
DER(5)0%
Volume6.22K
Volume Incr41.8%
Vol(5)1.72K
Vol(50)1.61K