WT WTI CRUDE 3X DAILY LVRGD (3OIL.MI) Stock Technical Analysis
BIT:3OIL - Euronext Milan - IE00BMTM6B32 - ETF - Currency: EUR
Taking everything into account, 3OIL scores 0 out of 10 in our technical rating. 3OIL 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 negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, 3OIL is a bad performer in the overall market: 85% of all stocks are doing better.
3OIL is currently trading near the lower end of its 52 week range, which is not a good sign. 3OIL is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month 3OIL has a been trading in the 20.84 - 30.63 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: 3OIL has an average volume of 2450 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of 3OIL 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
22.27
34.53
When analyzing the support we notice one important area.
- Support @22.49 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 22.81 to 22.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 27.11 to 27.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.55 from a trend line in the weekly time frame.
- Resistance @34.19 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.69
Mansfield-2.97
10 Day High27.7
10 Day Low20.84
20 Day High30.63
20 Day Low20.84
52 Week High47.22
52 Week Low20.4
Performance
1 Week-12.78%
2 Weeks-18.24%
1 Month-18%
3 Month0.04%
6 Month1.06%
12 Month-29.31%
2 Year-26.21%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.54
RSI(14)36.96
LBB20.27
UBB30.73
BIT:3OIL (3/7/2025, 4:49:30 PM)
22.8
+1.8 (+8.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg8.57%
1 Week-12.78%
2 Weeks-18.24%
1 Month-18%
3 Month0.04%
6 Month1.06%
12 Month-29.31%
2 Year-26.21%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.72
ATR(20)%6.85%
ATR Inc13.38%
Range Today1.26
ADR(20)1.05
ADR(20)%4.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.69
Mansfield-2.97
10 Day High27.7
10 Day Low20.84
20 Day High30.63
20 Day Low20.84
52 Week High47.22
52 Week Low20.4
CS1 End22.49
CR1 Start22.81
Volume & EV
DER(3)-3.55%
DER(5)-16.27%
Volume19.40K
Volume Incr558.66%
Vol(5)7.31K
Vol(50)2.45K