$TSLAB 1-hour trading value was about $5.38 million, 39.3 times the previous average; the price rose 1.47% over the same period.
Let’s use this figure to break down trading volume.
Trading volume refers to how much was traded over a period, while trading value expresses that amount in monetary terms. The volume multiple in the post compares this period with the average over an earlier period.
When volume rises at a high level but the price struggles to climb, this is often called rising volume with a flat price. Many people take it as a sign that buyers and sellers are increasingly divided.
The same data can mean very different things in different market conditions, so don’t blindly apply a rule of thumb.
#TSLAB
Let’s use this figure to break down trading volume.
Trading volume refers to how much was traded over a period, while trading value expresses that amount in monetary terms. The volume multiple in the post compares this period with the average over an earlier period.
When volume rises at a high level but the price struggles to climb, this is often called rising volume with a flat price. Many people take it as a sign that buyers and sellers are increasingly divided.
The same data can mean very different things in different market conditions, so don’t blindly apply a rule of thumb.
#TSLAB