GRANITESHARES 3X LONG BABA (3LAA.MI) Stock Technical Analysis
BIT:3LAA • XS2842095320
We assign a technical rating of 1 out of 10 to 3LAA. 3LAA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- 3LAA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month 3LAA has a been trading in the 45.50 - 82.00 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: 3LAA has an average volume of 1113 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!
- When comparing the performance of all stocks over the past year, 3LAA turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
3LAA has a poor technical rating and the quality of the setup is also not perfect 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
36.65
When analyzing the support we notice one important area.
- A support zone ranging from 37.02 to 37.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @71.27 from a trend line in the daily time frame.
- Resistance @73.95 from a trend line in the daily time frame.
- Resistance @103.43 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 | 43.89 | NEUTRAL | 3LAA.MI is not amongst the best or worst performers 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) | 36.93 | NEUTRAL | The RSI value for 3LAA.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.89 | NEGATIVE | The MACD value suggests 3LAA.MI has a negative trend. |
| Stochastics (14,3) | 11.93 | OVERSOLD | The low Stochastics value suggests 3LAA.MI may be oversold. |
| Average True Range in percent/ATR (20) | 17.06 | HIGH VOLATILITY | The high ATR as a percentage value for 3LAA.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 14.81 | NEGATIVE | The low ADX value for 3LAA.MI suggests a weak or negative trend. |
BIT:3LAA (2/26/2026, 7:00:00 PM)
47.785
-5.76 (-10.75%)
GRANITESHARES 3X LONG BABA / 3LAA.MI FAQ
What is the technical rating for 3LAA stock?
ChartMill assigns a technical rating of 1 / 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 36.9326. 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 37.05 and a resistance level at 71.27. Check the full technical report for our detailed analysis of 3LAA.MI support and resistance levels.