Volume is a leading indicator of price. $BAT 1-hour volume ratio: 3.6; trading volume: $9.23 million; price: +9.45%.
A surge in volume accompanying a price rise suggests the trend is more likely to continue if volume stays high over the next few periods.
The steeper the rise, the more likely the price is to spike and then pull back.
A surge in volume accompanying a price rise suggests the trend is more likely to continue if volume stays high over the next few periods.
The steeper the rise, the more likely the price is to spike and then pull back.