Intraday spike: GraniteShares 3x Long BNP Daily (3LBN.PA, EURONEXT) up 17% — trade drivers
The 3LBN.PA stock jumped to €3.759 intraday on EURONEXT, up 17.43% from the prior close €3.201. The move comes without a company earnings release, so trading appears linked to ETF flows, leverage rebalancing or underlying BNP Paribas moves. Volume is light at 23.00 shares traded versus a 50-day average of 441.00, but price gap is material for traders watching leveraged BNP exposure.
Intraday price action and volume on 3LBN.PA stock
3LBN.PA stock opened at €3.759 and traded flat to the intraday high €3.759. The rise of 17.43% follows a previous close of €3.201. Reported volume is 23.00, well below average volume 441.00, suggesting the spike may be driven by targeted orders rather than broad market participation. Traders should watch next prints for confirmation or reversal.
Why the move matters for leveraged ETF traders
GraniteShares 3x Long BNP Daily is a leveraged product tied to BNP exposure on EURONEXT. Leveraged ETFs reweight daily, which can produce outsized intraday moves. With no EPS or corporate news listed, position flows or underlying BNP price swings are the most likely drivers of the 3LBN.PA stock move. This matters for short-term traders and risk managers due to higher decay and volatility in 3x funds.
Technical snapshot and risk indicators for 3LBN.PA stock
Key indicators show mixed signals. RSI is 45.54, MACD is -0.17 with a histogram 0.05, and ADX is 16.36, indicating no clear trend. Bollinger Bands read Upper 4.08, Middle 3.68, Lower 3.27. ATR is 0.30. Money Flow Index at 100.00 flags short-term overbought conditions. Traders should use tight risk controls on this volatile instrument.
Fundamental and sector context for 3LBN.PA stock
3LBN.PA is listed on EURONEXT and classified in Financial Services. As an ETF-style product, it has no EPS, P/E or typical ratio data. Market cap is €197,122.00 and shares outstanding 52,440.00. The Financial Services sector is trading with YTD strength, supported by bank names, which can amplify leveraged ETF moves when parent stock volatility rises.
Meyka grade and model forecast for 3LBN.PA stock
Meyka AI rates 3LBN.PA with a score out of 100: 63.06 (Grade B) — HOLD. This grade factors in S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects €7.196 over one year, implying +91.50% versus the current price €3.759. Forecasts are model-based projections and not guarantees.
Practical trading notes and price targets for 3LBN.PA stock
Short-term traders should size positions for volatility and daily leverage decay. Use stops and monitor BNP Paribas moves. Suggested price targets: conservative €4.50, base €6.00, optimistic €8.00, tied to model and scenario analysis. All targets are illustrative and should be weighted against liquidity and intraday volatility on EURONEXT in EUR.
Final Thoughts
3LBN.PA stock shows an intraday price gap on EURONEXT to €3.759, up 17.43% from €3.201. The move lacks an earnings or corporate catalyst, pointing to leveraged ETF flows or underlying BNP Paribas swings as the likely cause. Technicals are mixed: RSI 45.54 and MACD -0.17 do not confirm a trend, while MFI at 100.00 warns of short-term overbought readings. Meyka AI rates the name 63.06/100 (B, HOLD) and projects €7.196 in its one-year model, implying +91.50% upside from today. Traders should treat this instrument as high volatility, trading-sized exposure only, monitor BNP underlying moves, and use strict stops. For context and product details see GraniteShares documentation and EURONEXT listings source source. Meyka AI-powered market analysis platform provides the model inputs and grade used in this report. Forecasts are model-based projections and not guarantees.
FAQs
What drove the intraday rise in 3LBN.PA stock?
There is no public earnings release. The intraday rise likely reflects leveraged ETF rebalancing, flows into short-term BNP exposure, or a sharp move in underlying BNP Paribas shares.
What is Meyka AI’s rating for 3LBN.PA stock?
Meyka AI rates 3LBN.PA 63.06/100 (Grade B) — HOLD. This grade combines benchmark, sector, metrics, forecasts and consensus. Grades are informational, not investment advice.
What price target does Meyka AI give for 3LBN.PA stock?
Meyka AI’s forecast model projects €7.196 one year out, implying roughly +91.50% from €3.759. Conservative and base targets are €4.50 and €6.00 respectively. Forecasts are not guarantees.
Is 3LBN.PA suitable for long-term investors?
GraniteShares 3x Long BNP Daily is a short-term leveraged product. It is generally unsuitable for buy-and-hold investors because of daily rebalancing and compounding risk.
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.
