WT WTI CRUDE 3X DAILY SHORT (3OIS.MI) Stock Technical Analysis
BIT:3OIS - Euronext Milan - XS2819844387 - ETF - Currency: EUR
Taking everything into account, 3OIS scores 5 out of 10 in our technical rating. In the last year, 3OIS was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
3OIS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so 3OIS is performing more or less in line with the market.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that 3OIS is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month 3OIS has a been trading in the 42.13 - 61.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
3OIS 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
37.14
67.77
6 important support areas can be observed.
- A support zone ranging from 48.81 to 48.93. 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 46.82 to 47.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.68 to 45.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 43.21 to 43.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @38.97 from a trend line in the daily time frame.
- Support @37.52 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 55.00 to 56.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @67.10 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 | NEUTRAL | NEUTRAL | The long term trend for 3OIS.MI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 3OIS.MI is neutral. |
| ChartMill Relative Strength | 99.84 | POSITIVE | 3OIS.MI has a high relative strength, it outperformed 99.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of 3OIS.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 3OIS.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of 3OIS.MI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.17 | NEUTRAL | The RSI value for 3OIS.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests 3OIS.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.8 | NEUTRAL | The Stochastics value for 3OIS.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.93 | HIGH VOLATILITY | The high ATR as a percentage value for 3OIS.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 11.56 | NEGATIVE | The low ADX value for 3OIS.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:3OIS (4/4/2025, 5:28:06 PM)
52.48
+5.85 (+12.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg12.56%
1 Week4.14%
2 Weeks11.95%
1 Month-2.03%
3 Month14.78%
6 Month2.29%
12 Month13118%
2 Year4979.96%
3 Year7147.41%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.21
ATR(20)%7.93%
ATR Inc31.07%
Range Today0
ADR(20)2.84
ADR(20)%5.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.84
Mansfield1.69
10 Day High49
10 Day Low42.13
20 Day High61
20 Day Low42.13
52 Week High71.5
52 Week Low0.28
CS1 End47.39
CR1 Start48.93
Volume & EV
DER(3)0.08%
DER(5)-0.53%
Volume100
Volume Incr-10.53%
Vol(5)54.71K
Vol(50)62.63K