3TSM.AS up 11.57% to €8.94 on 05 Jan 2026: traders eye semiconductor momentum
Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities, 3TSM.AS, rose 11.57% intraday to €8.94 on 05 Jan 2026 as EURONEXT traders pushed the leveraged ETP higher amid a firmer technology tape. The intraday move reflects a tight trading range today with a day high and low at €8.71 and an open of €8.71, versus a previous close of €8.01. Volume remained thin at 1.00 shares traded against an average volume of 2440.00, highlighting both momentum and liquidity risk for short-term traders.
Intraday performance and market context
3TSM.AS traded to a high near its year high of €8.94 after gaining €0.93, or 11.57% on EURONEXT on 05 Jan 2026. The move outpaced the Technology sector YTD performance of 16.44%, suggesting the ETP is amplifying underlying Taiwan Semiconductor (TSM) moves. Market cap for the ETP stands at €11,182,641.00 and the product remains an actively trading leveraged ETP listed in Europe.
What the product is and why it moves
This instrument is an exchange traded product designed to provide 3x daily exposure to Taiwan Semiconductor (TSM), not a conventional stock or company with earnings. As an ETF-like leveraged product it magnifies TSM price action and intraday volatility, and carries path-dependency and decay risk on multi-day holds. That structure helps explain large intraday swings even when overall sector moves are moderate.
Technicals, momentum and liquidity
Technicals show short-term momentum: RSI is 56.18 and MACD histogram is 0.07, indicating modest bullish bias while ADX at 12.01 signals no strong trend. Bollinger Bands read upper €8.61, middle €7.50, lower €6.39 and ATR is €0.29, supporting the recent range expansion. Average price over 50 days is €7.59 and 200-day average is €5.05, underscoring persistent strength. Note liquidity is thin: today’s volume was 1.00 vs average volume 2440.00, increasing execution risk for larger orders.
Meyka grade, model forecasts and price targets
Meyka AI rates 3TSM.AS with a score out of 100: total score 63.50 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, forecasts, analyst consensus and fundamental growth. Meyka AI’s forecast model projects a 1-year price of €8.42 and a 3-year level of €12.20. Compared with the current price of €8.94, the 1-year model implies a -5.79% downside and the 3-year model implies a +36.47% upside. Forecasts are model-based projections and not guarantees.
Valuation signals and risk factors
Traditional valuation metrics (EPS, P/E) are not applicable to this ETP and are reported as None, so analysis should focus on underlying TSM fundamentals and sector dynamics. Key risks include leveraged decay, concentration in the semiconductor cycle, and extremely low trading liquidity for this listing. Support sits near today’s low €8.71 and resistance near the year high €8.94; traders should plan execution accordingly.
Trading implications and practical strategy
As a top gainer today, 3TSM.AS suits short-term momentum plays rather than passive holdings. Technical price target for a near-term bounce is €9.50 based on intraday momentum and band expansion, while a 12-month tactical target tied to model scenarios is nearer to €8.42 or higher if TSM outperforms. Always size positions for higher volatility and consider limit orders because a single share trade today produced a large price move.
Final Thoughts
3TSM.AS recorded a strong intraday gain of 11.57% to €8.94 on 05 Jan 2026, driven by amplified moves in the semiconductor complex and short-term technical momentum. The instrument’s 3x structure makes it useful for traders seeking directional exposure to Taiwan Semiconductor (TSM) but increases decay and volatility risk for multi-day positions. Technicals are mildly bullish—RSI 56.18 and MACD histogram 0.07—while thin liquidity (volume 1.00 versus avg 2440.00) raises execution risk. Meyka AI’s model projects a 1-year level of €8.42 (implied -5.79% vs current) and a 3-year level of €12.20 (implied +36.47%). These model figures highlight the divergence between short-term momentum and medium-term scenario-based outcomes. Use tight risk management, prefer limit orders, and monitor broader Technology sector momentum and TSM moves on EURONEXT and global venues for fresh signals. For news flow see coverage on CNBC source and track the listing page for live updates.
FAQs
The 11.57% intraday rise to €8.94 on 05 Jan 2026 reflects amplified moves in Taiwan Semiconductor (TSM) and broader technology strength; the product’s 3x daily exposure magnified the underlying move.
No. As a 3x leveraged ETP, 3TSM.AS is designed for short-term directional trading. Multi-day holding can suffer from compounding and volatility decay, making it unsuitable as a buy-and-hold tool.
Liquidity is thin: today’s volume was 1.00 vs average volume 2440.00. Traders should use limit orders, size positions conservatively, and expect wider spreads and slippage for larger trades.
Meyka AI’s forecast model projects a 1-year price of €8.42 (implied -5.79% vs current €8.94) and a 3-year price of €12.20 (implied +36.47%). Forecasts are model-based projections and not guarantees.
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.