WT WTI CRUDE 3X DAILY LVRGD (3OIL.MI) Stock Technical Analysis
BIT:3OIL - Euronext Milan - IE00BMTM6B32 - ETF - Currency: EUR
Overall 3OIL gets a technical rating of 1 out of 10. 3OIL 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.
91% of all other stocks performed better in the past year than 3OIL.
In the last month 3OIL has a been trading in the 17.04 - 27.57 range, which is quite wide. It is currently trading near the lows of this range.
3OIL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so 3OIL is lagging the market.
3OIL has a poor technical rating and the quality of the setup is also only medium 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
17.01
27.69
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.60 to 18.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.18 to 17.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 20.21 to 20.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.20 from a trend line in the weekly time frame.
- Resistance @26.33 from a trend line in the daily time frame.
- A resistance zone ranging from 27.28 to 27.42. 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 3OIL.MI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 3OIL.MI is neutral. |
| ChartMill Relative Strength | 9.65 | NEGATIVE | 3OIL.MI has a low relative strength, it was outperformed by 90.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of 3OIL.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of 3OIL.MI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 3OIL.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.22 | NEUTRAL | The RSI value for 3OIL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests 3OIL.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.47 | NEUTRAL | The Stochastics value for 3OIL.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.64 | HIGH VOLATILITY | The high ATR as a percentage value for 3OIL.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 9.78 | NEGATIVE | The low ADX value for 3OIL.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:3OIL (7/21/2025, 10:25:17 AM)
19.438
-0.18 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.92%
1 Week-2.91%
2 Weeks6.34%
1 Month-24.17%
3 Month12.53%
6 Month-44.08%
12 Month-47.14%
2 Year-49.09%
3 Year-97.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.14
ATR(20)%7.64%
ATR Inc6.68%
Range Today0.26
ADR(20)1.1
ADR(20)%5.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.65
Mansfield-2.57
10 Day High21.15
10 Day Low18.21
20 Day High27.57
20 Day Low17.04
52 Week High37.27
52 Week Low11.58
CS1 End18.65
CR1 Start20.21
Volume & EV
DER(3)-0.34%
DER(5)-0.24%
Volume15.77K
Volume Incr-8.17%
Vol(5)255.97K
Vol(50)351.83K