3GDX.AS 15.04% intraday rise on EURONEXT 21 Jan 2026: model flags 23% upside
Leverage Shares 3x Long Gold Miners ETC (3GDX.AS) jumped 15.04% intraday to €23.04 on EURONEXT in Europe on 21 Jan 2026, marking a fresh trading pivot for the leveraged ETC. The move shows sharp momentum versus a 50-day average price of €5.25, driven by leveraged exposure to gold miners and a thin order book. Volume traded was 83 shares versus an average of 6,199, underscoring high price sensitivity in low-liquidity conditions. Traders should treat 3GDX.AS stock as a short-term tactical vehicle, not a buy-and-hold asset
Intraday snapshot: 3GDX.AS stock price and drivers
3GDX.AS stock traded at €23.04, up 15.04% from a previous close of €20.03 on EURONEXT on 21 Jan 2026. The ETF/ETC structure delivers 3x daily exposure to gold miners, amplifying moves in the underlying miners index. Market cap stands at €18.15M with 864,360 shares outstanding. The year high before today was €20.99 and year low was €4.21, highlighting extreme range since IPO in 2021.
3GDX.AS stock technicals and momentum
Technical indicators show momentum but also signs of overbought conditions for 3GDX.AS stock. RSI is 63.46, MACD is 0.98 with a signal of 0.89, and ADX is 25.66, indicating a strong trend. Bollinger Bands range (middle €13.52, upper €15.96, lower €11.08) and ATR €1.11 point to higher intraday swings than typical ETFs. The 50/200-day price averages are both €5.25, a sign that recent moves pushed the price well above historical norms.
Meyka AI rates 3GDX.AS with a score out of 100
Meyka AI rates 3GDX.AS with a score out of 100: the model gives a score of 65.37 (Grade B) — Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade reflects strong momentum and attractive forecast upside but offsets those positives with low liquidity, leverage risk, and limited fundamental metrics for an ETC.
3GDX.AS stock forecast and price targets
Meyka AI’s forecast model projects short- and medium-term reference points for 3GDX.AS stock. The model gives a monthly target of €18.92, a quarterly target of €20.02, and a 12-month target of €28.39. Versus the current price of €23.04, that implies a -17.89% move to the monthly target, -13.12% to the quarterly figure, and a +23.23% upside to the 12-month target. Forecasts are model-based projections and not guarantees.
Market context: gold miners, sector signals and correlation
3GDX.AS stock tracks leveraged moves in gold miners, so price action often follows bullion and large miner performance. Gold and miners have rallied into macro uncertainty, pushing miners indices higher year-to-date. Compared with the Basic Materials and Energy sectors, miners show higher volatility and stronger short-term returns. Investors should monitor gold spot moves and major miner releases for catalysts that quickly affect 3GDX.AS performance.
Risks, liquidity and trading strategy for 3GDX.AS stock
This ETC is leveraged 3x daily, increasing both gains and losses; compounding can erode returns over time in choppy markets. Liquidity is a key risk: intraday volume today was 83 versus an average 6,199, creating potential wide spreads and price gaps. For traders we recommend defined stop-loss levels, small position sizing, and intraday or swing timeframes only. Long-term investors should prefer non-leveraged exposure to miners or physical gold.
Final Thoughts
3GDX.AS stock delivered a 15.04% intraday move to €23.04 on EURONEXT on 21 Jan 2026, a price action event driven by leveraged exposure to gold miners and a thin order book. Meyka AI’s model projects a 12-month target of €28.39, implying +23.23% upside from today’s level, while shorter targets show downside risk to €18.92 (monthly) and €20.02 (quarterly). Our proprietary grade (B, HOLD) balances momentum and model upside against low liquidity and leverage risk. Traders should keep positions small, use tight risk controls, and monitor gold spot prices and miner earnings. Meyka AI, an AI-powered market analysis platform, flags this as a tactical trading opportunity with elevated volatility, not a buy-and-hold selection. Forecasts are model-based projections and not guarantees.
FAQs
What drove the 15.04% intraday move in 3GDX.AS stock?
The jump reflects the ETC’s 3x exposure to gold miners and thin liquidity today (volume 83 vs avg 6,199). Moves in gold miners and low order book depth amplified price action for 3GDX.AS stock
What price targets does Meyka AI give for 3GDX.AS stock?
Meyka AI’s model projects a monthly target of €18.92, a quarterly target of €20.02, and a 12-month target of €28.39 for 3GDX.AS stock. These are model projections, not guarantees
Is 3GDX.AS stock suitable for long-term investors?
No. 3GDX.AS is a daily-leveraged ETC (3x), which causes compounding and higher risk. It suits short-term traders with risk controls rather than long-term buy-and-hold investors
How does liquidity affect trading 3GDX.AS stock?
Low intraday volume increases spread, slippage, and gap risk. Today’s volume of 83 versus an average of 6,199 highlights liquidity risk when trading 3GDX.AS stock
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
