SG DL LONG+3X BRENT OIL FUTR (BRE3L.MI) Stock Technical Analysis
BIT:BRE3L - Euronext Milan - XS2425318768 - ETF - Currency: EUR
Taking everything into account, BRE3L scores 0 out of 10 in our technical rating. BRE3L 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 technical rating of BRE3L is bad and it also does not present a 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.
More info and screens
8.58
We found 1 important resistance area.
- Resistance @14.13 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for BRE3L.MI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRE3L.MI is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | BRE3L.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 BRE3L.MI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 42.06 | NEUTRAL | The RSI value for BRE3L.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests BRE3L.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.83 | OVERSOLD | The low Stochastics value suggests BRE3L.MI may be oversold. |
| Average True Range in percent/ATR (20) | 26.25 | HIGH VOLATILITY | The high ATR as a percentage value for BRE3L.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.34 | NEGATIVE | The low ADX value for BRE3L.MI suggests a weak or negative trend. |
BIT:BRE3L (5/21/2025, 7:00:00 PM)
8.67
+0.92 (+11.91%)