GRANITESHARES 3X LONG TSLA (3LTS.MI) Stock Technical Analysis
BIT:3LTS - Euronext Milan - XS2656472193 - ETF - Currency: EUR
Taking everything into account, 3LTS scores 0 out of 10 in our technical rating. 3LTS 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.
93% of all other stocks performed better in the past year than 3LTS.
3LTS 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 3LTS has a been trading in the 1.59 - 2.79 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.
Although the technical rating is bad, 3LTS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.54
1.83
We found 4 important support areas.
- Support @1.75 from a trend line in the daily time frame.
- Support @1.72 from a horizontal line in the weekly time frame.
- Support @1.64 from a horizontal line in the daily time frame.
- Support @1.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.81 to 1.81. 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 | DOWN | NEGATIVE | The long term trend for 3LTS.MI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 3LTS.MI is down. |
| ChartMill Relative Strength | 7.93 | NEGATIVE | 3LTS.MI has a low relative strength, it was outperformed by 92.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 3LTS.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 3LTS.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 3LTS.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.15 | NEUTRAL | The RSI value for 3LTS.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests 3LTS.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.12 | NEUTRAL | The Stochastics value for 3LTS.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 20.41 | HIGH VOLATILITY | The high ATR as a percentage value for 3LTS.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.06 | NEGATIVE | The low ADX value for 3LTS.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:3LTS (8/4/2025, 7:00:00 PM)
1.803
-0.15 (-7.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-7.76%
1 Week-23.97%
2 Weeks-10.05%
1 Month-38.92%
3 Month2.18%
6 Month-85.77%
12 Month-49.83%
2 Year-86.95%
3 Year-96.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%20.41%
ATR Inc-44.15%
Range Today0.15
ADR(20)0.2
ADR(20)%11.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.93
Mansfield-7.17
10 Day High2.49
10 Day Low1.59
20 Day High2.79
20 Day Low1.59
52 Week High26.19
52 Week Low1.1
CS1 End1.75
CR1 Start1.81
Volume & EV
DER(3)0%
DER(5)0%
Volume118.22K
Volume Incr-31.75%
Vol(5)182.47K
Vol(50)219.53K