GRANITESHARES 3X LONG APPLE (3LAP.MI) Stock Technical Analysis
BIT:3LAP - Euronext Milan - XS2722161424 - ETF - Currency: EUR
We assign a technical rating of 0 out of 10 to 3LAP. 3LAP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of 3LAP 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
15.84
We found 1 important support area.
- Support @16.00 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 3LAP.MI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 3LAP.MI is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | 3LAP.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 3LAP.MI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 43.74 | NEUTRAL | The RSI value for 3LAP.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.93 | NEGATIVE | The MACD value suggests 3LAP.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.64 | OVERSOLD | The low Stochastics value suggests 3LAP.MI may be oversold. |
| Average True Range in percent/ATR (20) | 37.63 | HIGH VOLATILITY | The high ATR as a percentage value for 3LAP.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.05 | NEGATIVE | The low ADX value for 3LAP.MI suggests a weak or negative trend. |
BIT:3LAP (5/23/2025, 7:00:00 PM)
16.278
-4.75 (-22.58%)