A note: Trading volume over $QNT 1 hours was about $21.12 million, 4.9 times the previous average; the price rose 5.7% over the same period.
People often ask how to interpret a surge in volume. Here’s how I see it.
A surge in volume should be read alongside the candlesticks: the price level and the length of the upper and lower shadows often tell you more than the volume itself.
Personally, I treat unusual trading volume as a signal worth paying attention to, not a reason to place an order immediately. Let the price show you the direction.
The same data can mean very different things in different market conditions, so don’t apply a single rule mechanically.
People often ask how to interpret a surge in volume. Here’s how I see it.
A surge in volume should be read alongside the candlesticks: the price level and the length of the upper and lower shadows often tell you more than the volume itself.
Personally, I treat unusual trading volume as a signal worth paying attention to, not a reason to place an order immediately. Let the price show you the direction.
The same data can mean very different things in different market conditions, so don’t apply a single rule mechanically.