WT NATURAL GAS 3X DLY SHORT (3NGS.MI) Stock Technical Analysis
BIT:3NGS - Euronext Milan - XS2819843223 - ETF - Currency: EUR
Overall 3NGS gets a technical rating of 1 out of 10. 3NGS 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, 3NGS is a bad performer in the overall market: 98% of all stocks are doing better.
3NGS 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 3NGS is lagging the market.
In the last month 3NGS has a been trading in the 11.21 - 17.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
3NGS has a poor technical rating and the quality of the setup is also not perfect 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
11.39
17.31
When analyzing the support we can see 2 important areas.
- Support @11.94 from a trend line in the daily time frame.
- Support @11.51 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @17.14 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 3NGS.MI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 3NGS.MI is neutral. |
| ChartMill Relative Strength | 2.35 | NEGATIVE | 3NGS.MI has a low relative strength, it was outperformed by 97.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of 3NGS.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 3NGS.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 3NGS.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.48 | NEUTRAL | The RSI value for 3NGS.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests 3NGS.MI has a positive trend. |
| Stochastics (14,3) | 63.57 | NEUTRAL | The Stochastics value for 3NGS.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 11.49 | HIGH VOLATILITY | The high ATR as a percentage value for 3NGS.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 9.55 | NEGATIVE | The low ADX value for 3NGS.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:3NGS (5/30/2025, 7:00:00 PM)
16.294
+0.25 (+1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.55%
1 Week12.08%
2 Weeks17.32%
1 Month-0.15%
3 Month-2.73%
6 Month-77.26%
12 Month-98.55%
2 Year-97.86%
3 Year80964.7%
5 Year-17.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.72
ATR(20)%11.49%
ATR Inc37.63%
Range Today1.73
ADR(20)1.46
ADR(20)%8.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.35
Mansfield-9.18
10 Day High17.55
10 Day Low12.24
20 Day High17.55
20 Day Low11.21
52 Week High1688.06
52 Week Low8.55
CS1 End11.94
CR1 Start17.14
Volume & EV
DER(3)0.12%
DER(5)0.17%
Volume449.35K
Volume Incr10.49%
Vol(5)423.43K
Vol(50)386.07K