🚨 QNT : Massive rally, massive volatility
Highest point of September 27: 360.64 $
Lowest point of September 28: 196.11 $
Intraday range:
360.64 $ − 196.11 $ = 164.53 $
Range relative to the lowest:
164.53 $ ÷ 196.11 $ × 100 = 83.9 %
And the day-to-day close-to-close move of September 28 was about −19.01 %.
So the story is not only:
📈 +287 % weekly gain
It’s also:
⚡ Huge intraday swings
📉 Marked pullbacks
📊 Extremely high volatility
The QNT rally was extraordinary, but the calculations show why percentage gains and risk must be considered together.
$QNT NT
Highest point of September 27: 360.64 $
Lowest point of September 28: 196.11 $
Intraday range:
360.64 $ − 196.11 $ = 164.53 $
Range relative to the lowest:
164.53 $ ÷ 196.11 $ × 100 = 83.9 %
And the day-to-day close-to-close move of September 28 was about −19.01 %.
So the story is not only:
📈 +287 % weekly gain
It’s also:
⚡ Huge intraday swings
📉 Marked pullbacks
📊 Extremely high volatility
The QNT rally was extraordinary, but the calculations show why percentage gains and risk must be considered together.
$QNT NT