3X LONG FERRARI (RACE) (3RAC.MI) Stock Technical Analysis
BIT:3RAC - Euronext Milan - XS2595673190 - ETF - Currency: EUR
We assign a technical rating of 1 out of 10 to 3RAC. 3RAC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, 3RAC is a bad performer in the overall market: 100% of all stocks are doing better.
In the last month 3RAC has a been trading in the 25.09 - 51.30 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
3RAC has a poor technical rating and the quality of the setup is also not perfect 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
27.92
28.74
We found 1 important support area.
- A support zone ranging from 28.20 to 28.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 3RAC.MI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 3RAC.MI is neutral. |
| 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) | DOWN | NEGATIVE | The current price of 3RAC.MI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 42.28 | NEUTRAL | The RSI value for 3RAC.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.13 | NEGATIVE | The MACD value suggests 3RAC.MI has a negative trend. |
| Stochastics (14,3) | 37.47 | NEUTRAL | The Stochastics value for 3RAC.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 21.04 | HIGH VOLATILITY | The high ATR as a percentage value for 3RAC.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 16.15 | NEGATIVE | The low ADX value for 3RAC.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:3RAC (8/4/2025, 7:00:00 PM)
28.46
-0.4 (-1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.4%
1 Week-38.8%
2 Weeks-12.46%
1 Month-34.19%
3 Month-53.82%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.9
ATR(20)%21.04%
ATR Inc105.42%
Range Today2.16
ADR(20)2.76
ADR(20)%9.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High51.3
10 Day Low25.1
20 Day High51.3
20 Day Low25.1
52 Week HighN/A
52 Week LowN/A
CS1 End28.45
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume6.20K
Volume Incr560.71%
Vol(5)7.94K
Vol(50)N/A