3X LONG FERRARI (RACE) (3RAC.MI) Stock Technical Analysis
BIT:3RAC - Euronext Milan - XS2595673190 - ETF - Currency: EUR
Overall 3RAC gets a technical rating of 4 out of 10. In the last year, 3RAC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
3RAC 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.
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46.04
When analyzing the resistance we notice one important area.
- Resistance @48.10 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 | UP | POSITIVE | The long term trend for 3RAC.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 3RAC.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | 3RAC.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 3RAC.MI is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 57.43 | NEUTRAL | The RSI value for 3RAC.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests 3RAC.MI has a positive trend. |
| Stochastics (14,3) | 93.17 | OVERBOUGHT | The high Stochastics value suggests 3RAC.MI may be overbought. |
| Average True Range in percent/ATR (20) | 10.85 | HIGH VOLATILITY | The high ATR as a percentage value for 3RAC.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.73 | NEGATIVE | The low ADX value for 3RAC.MI suggests a weak or negative trend. |
BIT:3RAC (5/22/2025, 7:00:00 PM)
46.505
-1.59 (-3.32%)