GRANITESHARES 3X SHORT BABA (3SAA.MI) Stock Technical Analysis
BIT:3SAA - Euronext Milan - XS2842095759 - ETF - Currency: EUR
We assign a technical rating of 1 out of 10 to 3SAA. 3SAA performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
3SAA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1.75, a Stop Loss order could be placed below this zone.
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1.69
We found 1 important support area.
- A support zone ranging from 1.71 to 1.75. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for 3SAA.MI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 3SAA.MI is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | 3SAA.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 48.91 | NEUTRAL | The RSI value for 3SAA.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests 3SAA.MI has a negative trend. |
| Stochastics (14,3) | 6.58 | OVERSOLD | The low Stochastics value suggests 3SAA.MI may be oversold. |
| Average Directional Index/ADX (14) | 11.85 | NEGATIVE | The low ADX value for 3SAA.MI suggests a weak or negative trend. |
BIT:3SAA (5/27/2025, 7:00:00 PM)
1.9232
+0.08 (+4.19%)