GRANITESHARES 3X LONG MSTR (3LMI.MI) Stock Technical Analysis
BIT:3LMI - Euronext Milan - XS2617255760 - ETF - Currency: EUR
We assign a technical rating of 0 out of 10 to 3LMI. 3LMI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, 3LMI is a bad performer in the overall market: 100% of all stocks are doing better.
3LMI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month 3LMI has a been trading in the 21.24 - 44.16 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: 3LMI has an average volume of 10654 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of 3LMI 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
22.86
43.51
2 important support areas can be observed.
- Support @24.17 from a horizontal line in the weekly time frame.
- Support @23.09 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 31.65 to 32.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.90 from a trend line in the weekly time frame.
- Resistance @35.74 from a trend line in the daily time frame.
- Resistance @43.08 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 3LMI.MI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 3LMI.MI is down. |
| ChartMill Relative Strength | 0.86 | NEGATIVE | 3LMI.MI has a low relative strength, it was outperformed by 99.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 3LMI.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 3LMI.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 3LMI.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.36 | NEUTRAL | The RSI value for 3LMI.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.18 | NEGATIVE | The MACD value suggests 3LMI.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.24 | OVERSOLD | The low Stochastics value suggests 3LMI.MI may be oversold. |
| Average True Range in percent/ATR (20) | 16.45 | HIGH VOLATILITY | The high ATR as a percentage value for 3LMI.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 15.97 | NEGATIVE | The low ADX value for 3LMI.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:3LMI (8/8/2025, 7:00:00 PM)
26.95
+3.86 (+16.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg16.69%
1 Week-11.87%
2 Weeks-37.32%
1 Month-12.54%
3 Month-37.62%
6 Month-67.92%
12 Month-82.27%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.65
ATR(20)%16.45%
ATR Inc-8.58%
Range Today2.88
ADR(20)3.3
ADR(20)%12.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.86
Mansfield-6.26
10 Day High44.16
10 Day Low21.24
20 Day High44.16
20 Day Low21.24
52 Week High343.38
52 Week Low10.8
CS1 End24.17
CR1 Start31.65
Volume & EV
DER(3)0%
DER(5)0%
Volume9.97K
Volume Incr100.92%
Vol(5)18.52K
Vol(50)10.65K