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 5 out of 10. 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.
70% of all other stocks performed better in the past year than 3OIL.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month 3OIL has a been trading in the 14.52 - 28.23 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.
3OIL is currently trading in the middle 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 slightly.
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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
16.04
28.89
When analyzing the support we notice one important area.
- Support @16.20 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 27.95 to 27.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.60 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 | 30.04 | NEUTRAL | 3OIL.MI is not amongst the best or worst performers 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 | MIXED | The current price of 3OIL.MI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 74.72 | OVERBOUGHT | The high RSI value suggests 3OIL.MI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.09 | POSITIVE | The MACD value suggests 3OIL.MI has a positive trend. |
| Stochastics (14,3) | 92.13 | OVERBOUGHT | The high Stochastics value suggests 3OIL.MI may be overbought. |
| Average True Range in percent/ATR (20) | 6.81 | HIGH VOLATILITY | The high ATR as a percentage value for 3OIL.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.37 | NEUTRAL | The ADX value for 3OIL.MI suggests a possible start of a new 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 (6/19/2025, 7:00:00 PM)
27.935
+3.26 (+13.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg13.21%
1 Week39.08%
2 Weeks64.56%
1 Month80.9%
3 Month17.37%
6 Month11.67%
12 Month-28.21%
2 Year6.56%
3 Year-97.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.19
ATR(20)%6.81%
ATR Inc65.31%
Range Today2.13
ADR(20)1.55
ADR(20)%5.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.04
Mansfield0.32
10 Day High28.23
10 Day Low16.43
20 Day High28.23
20 Day Low14.52
52 Week High42.95
52 Week Low11.58
CS1 End16.2
CR1 Start27.95
Volume & EV
DER(3)-0.02%
DER(5)-0.01%
Volume337.29K
Volume Incr142.74%
Vol(5)885.98K
Vol(50)435.77K