WT WTI CRUDE 3X DAILY LVRGD (3OIL.MI) Stock Technical Analysis
BIT:3OIL - Euronext Milan - IE00BMTM6B32 - ETF - Currency: EUR
We assign a technical rating of 1 out of 10 to 3OIL. 3OIL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
98% of all other stocks performed better in the past year than 3OIL.
3OIL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so 3OIL is lagging the market.
In the last month 3OIL has a been trading in the 12.23 - 17.54 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is bad, 3OIL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.31. Right above this resistance zone may be a good entry point.
More info and screens
14.87
29.77
We found 1 important support area.
- Support @15.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 17.31 to 17.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @20.86 from a trend line in the daily time frame.
- Resistance @23.72 from a trend line in the daily time frame.
- Resistance @29.48 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 | 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 | 2.5 | NEGATIVE | 3OIL.MI has a low relative strength, it was outperformed by 97.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of 3OIL.MI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 3OIL.MI is below 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) | 44.86 | NEUTRAL | The RSI value for 3OIL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests 3OIL.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.73 | NEUTRAL | The Stochastics value for 3OIL.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.06 | HIGH VOLATILITY | The high ATR as a percentage value for 3OIL.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 16.05 | 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 (5/29/2025, 7:00:00 PM)
15.304
-0.88 (-5.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.45%
1 Week-0.89%
2 Weeks-2.5%
1 Month4.08%
3 Month-41.08%
6 Month-38.08%
12 Month-53.99%
2 Year-39.77%
3 Year-98.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.13
ATR(20)%8.06%
ATR Inc47.85%
Range Today2.03
ADR(20)1
ADR(20)%6.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.5
Mansfield-4.44
10 Day High17.07
10 Day Low14.74
20 Day High17.54
20 Day Low12.23
52 Week High42.95
52 Week Low11.58
CS1 End15.02
CR1 Start17.31
Volume & EV
DER(3)0.03%
DER(5)0.02%
Volume490.27K
Volume Incr-9.74%
Vol(5)314.30K
Vol(50)314.05K