$NIGHT 1 The hourly trading volume was about $5.44 million, 6 times the previous average; the price rose 0.98% over the same period.
Let’s use this figure to talk about volume surges.
Trading volume typically surges when news breaks, a key level is breached, large orders enter or exit, or a wave of liquidations occurs.
After a volume surge, if volume quickly falls back, it was probably just a brief flurry of activity. If elevated volume persists, it’s more worth paying attention to.
Understanding this indicator helps you avoid being misled by a single number; it’s not a way to pinpoint tops and bottoms.
Let’s use this figure to talk about volume surges.
Trading volume typically surges when news breaks, a key level is breached, large orders enter or exit, or a wave of liquidations occurs.
After a volume surge, if volume quickly falls back, it was probably just a brief flurry of activity. If elevated volume persists, it’s more worth paying attention to.
Understanding this indicator helps you avoid being misled by a single number; it’s not a way to pinpoint tops and bottoms.