WT WTI CRUDE 3X DAILY LVRGD (3OIL.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:3OIL - IE00BMTM6B32 - ETF
Taking everything into account, 3OIL scores 4 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. 3OIL was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, 3OIL is a bad performer in the overall market: 91% of all stocks are doing better.
- 3OIL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month 3OIL has a been trading in the 11.44 - 16.20 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
3OIL 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.
More info and screens
12.50
When analyzing the support we notice one important area.
- Support @12.63 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 15.80 to 15.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.29 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for 3OIL.MI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 3OIL.MI is up. |
| ChartMill Relative Strength | 9.84 | NEGATIVE | 3OIL.MI has a low relative strength, it was outperformed by 90.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 3OIL.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 3OIL.MI is above the rising 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) | 64.08 | NEUTRAL | The RSI value for 3OIL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests 3OIL.MI has a positive trend. |
| Stochastics (14,3) | 92.52 | OVERBOUGHT | The high Stochastics value suggests 3OIL.MI may be overbought. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for 3OIL.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 20.29 | NEUTRAL | The ADX value for 3OIL.MI suggests a possible start of a new trend. |
BIT:3OIL (1/15/2026, 9:21:56 AM)
14.892
-0.92 (-5.83%)
WT WTI CRUDE 3X DAILY LVRGD / 3OIL.MI FAQ
Can you provide the ChartMill technical rating for WT WTI CRUDE 3X DAILY LVRGD?
ChartMill assigns a technical rating of 4 / 10 to 3OIL.MI.
Can you provide the trend direction for WT WTI CRUDE 3X DAILY LVRGD?
The current trend direction for WT WTI CRUDE 3X DAILY LVRGD (3OIL.MI) is Bearish.
Can you provide the RSI signal for WT WTI CRUDE 3X DAILY LVRGD?
WT WTI CRUDE 3X DAILY LVRGD (3OIL.MI) has an RSI value of 64.0849. This indicates that the stock is currently neutral.
What is the MACD signal for 3OIL stock?
The MACD indicator for WT WTI CRUDE 3X DAILY LVRGD (3OIL.MI) has a value of 0.377884, indicating a bearish trend.