GRANITESHARES 3X LONG NVIDIA (3LNV.MI) Stock Technical Analysis
BIT:3LNV - Euronext Milan - XS2734938835 - ETF - Currency: EUR
Taking everything into account, 3LNV scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. 3LNV was also a bad performer in the overall market in the last year.
94% of all other stocks performed better in the past year than 3LNV.
3LNV is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so 3LNV is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month 3LNV has a been trading in the 6.19 - 18.50 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
The technical rating of 3LNV 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
15.54
17.80
We can see 2 important resistance areas.
- Resistance @15.83 from a horizontal line in the weekly time frame.
- Resistance @17.62 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 3LNV.MI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 3LNV.MI is up. |
| ChartMill Relative Strength | 6.81 | NEGATIVE | 3LNV.MI has a low relative strength, it was outperformed by 93.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 3LNV.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of 3LNV.MI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 3LNV.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.35 | NEUTRAL | The RSI value for 3LNV.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests 3LNV.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.96 | NEUTRAL | The Stochastics value for 3LNV.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.68 | HIGH VOLATILITY | The high ATR as a percentage value for 3LNV.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.49 | NEUTRAL | The ADX value for 3LNV.MI suggests a possible start of a new 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:3LNV (6/2/2025, 7:00:00 PM)
15.694
+0.11 (+0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.73%
1 Week10.6%
2 Weeks52.07%
1 Month58.83%
3 Month30.89%
6 Month-58.19%
12 Month-93.04%
2 Year-41.44%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.8
ATR(20)%10.68%
ATR Inc12.2%
Range Today1.62
ADR(20)1.09
ADR(20)%6.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.81
Mansfield-6.08
10 Day High18.5
10 Day Low11.47
20 Day High18.5
20 Day Low6.19
52 Week High370.99
52 Week Low4.65
CS1 EndN/A
CR1 Start15.83
Volume & EV
DER(3)0%
DER(5)0%
Volume27.25K
Volume Incr-40.9%
Vol(5)31.71K
Vol(50)50.02K