Make a note: $HANA 1 Hourly trading value was about $6.2 million, 8.6 times the previous average; the price rose 12.18% over the same period.
People often ask how to interpret a surge in volume. This is how I understand it.
Trading volume is the quantity traded over a period of time. Trading value converts that quantity into the quote currency. The volume multiple here compares the current period with the average over the preceding period.
When volume surges after a big rise but the price struggles to climb, this is often called “volume up, price flat.” Many people take it as a sign of growing disagreement between buyers and sellers.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule.
#HANA
People often ask how to interpret a surge in volume. This is how I understand it.
Trading volume is the quantity traded over a period of time. Trading value converts that quantity into the quote currency. The volume multiple here compares the current period with the average over the preceding period.
When volume surges after a big rise but the price struggles to climb, this is often called “volume up, price flat.” Many people take it as a sign of growing disagreement between buyers and sellers.
The same reading can mean very different things in different market conditions, so don’t blindly apply a single rule.
#HANA
