GRANITESHARES +3X SPOT (3LPO.MI) Stock Technical Analysis
BIT:3LPO - Euronext Milan - XS2435549261 - ETF - Currency: EUR
Overall 3LPO gets a technical rating of 4 out of 10. 3LPO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
3LPO has an average technical rating and it also does not offer a high 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.
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8.84
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.94 to 8.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for 3LPO.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 3LPO.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | 3LPO.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 3LPO.MI is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 61.1 | NEUTRAL | The RSI value for 3LPO.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests 3LPO.MI has a positive trend. |
| Stochastics (14,3) | 79.05 | NEUTRAL | The Stochastics value for 3LPO.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 19.02 | HIGH VOLATILITY | The high ATR as a percentage value for 3LPO.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.05 | NEGATIVE | The low ADX value for 3LPO.MI suggests a weak or negative trend. |
BIT:3LPO (5/28/2025, 7:00:00 PM)
8.926
+0.65 (+7.83%)