WT SILVER 3X DAILY LEVERAGED (3SIL.MI) Stock Technical Analysis
BIT:3SIL - Euronext Milan - IE00B7XD2195 - ETF - Currency: EUR
Taking everything into account, 3SIL scores 1 out of 10 in our technical rating. 3SIL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, 3SIL is a bad performer in the overall market: 80% of all stocks are doing better.
In the last month 3SIL has a been trading in the 44.88 - 53.13 range, which is quite wide. It is currently trading near the high of this range.
3SIL 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 3SIL is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
3SIL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 51.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.38, a Stop Loss order could be placed below this zone.
More info and screens
41.09
66.21
When analyzing the support we can see 3 important areas.
- A support zone ranging from 49.46 to 50.38. 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 46.44 to 46.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.51 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 51.60 to 53.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 65.53 to 65.55. 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 | DOWN | NEGATIVE | The long term trend for 3SIL.MI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 3SIL.MI is neutral. |
| ChartMill Relative Strength | 20.49 | NEGATIVE | 3SIL.MI has a low relative strength, it was outperformed by 79.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 3SIL.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 3SIL.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of 3SIL.MI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.28 | NEUTRAL | The RSI value for 3SIL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests 3SIL.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.12 | NEUTRAL | The Stochastics value for 3SIL.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for 3SIL.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 16.1 | NEGATIVE | The low ADX value for 3SIL.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:3SIL (5/29/2025, 7:00:00 PM)
51.2
+0.71 (+1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.41%
1 Week1.67%
2 Weeks5.12%
1 Month3.24%
3 Month-3.72%
6 Month-5.8%
12 Month-22.05%
2 Year13.75%
3 Year3990.76%
5 Year2549.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.96
ATR(20)%5.57%
ATR Inc-25.28%
Range Today2.27
ADR(20)2.48
ADR(20)%4.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.49
Mansfield-1.03
10 Day High53.13
10 Day Low45.9
20 Day High53.13
20 Day Low44.89
52 Week High80
52 Week Low38.3
CS1 End50.38
CR1 Start51.6
Volume & EV
DER(3)0.02%
DER(5)-0.46%
Volume25.60K
Volume Incr-38.31%
Vol(5)25.21K
Vol(50)42.05K