3USS Technical Analysis - WT S&P 500 3X DAILY SHORT

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to 3USS. 3USS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

98% of all other stocks performed better in the past year than 3USS.

3USS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

3USS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

WT S&P 500 3X DAILY SHORT / 3USS Weekly stock chart

WT S&P 500 3X DAILY SHORT / 3USS Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, 3USS does present a nice setup opportunity. Prices have been consolidating lately.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

10.56

21.46

When analyzing the support we notice one important area.

A support zone ranging from 10.67 to 10.67. This zone is formed by a combination of multiple trend lines in multiple time frames.

4 important resistance areas can be observed.

A resistance zone ranging from 11.01 to 11.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @11.97 from a trend line in the daily time frame.
Resistance @17.76 from a trend line in the weekly time frame.
Resistance @21.25 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 3USS.MI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for 3USS.MI is down.
ChartMill Relative Strength	2.67	NEGATIVE	3USS.MI has a low relative strength, it was outperformed by 97.33% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of 3USS.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of 3USS.MI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of 3USS.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	34.13	NEUTRAL	The RSI value for 3USS.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests 3USS.MI has a positive trend.
Stochastics (14,3)	17.25	OVERSOLD	The low Stochastics value suggests 3USS.MI may be oversold.
Average True Range in percent/ATR (20)	2.58	MEDIUM VOLATILITY	The ATR as a percentage value for 3USS.MI suggests some volalility.
Average Directional Index/ADX (14)	30.44	POSITIVE	The high ADX value value for 3USS.MI suggests a strong trend.