Rank | Ticker | Volume Ratio |
---|---|---|
1 | SNAP | 4.73 |
2 | CPNG | 2.60 |
3 | AAPU | 2.47 |
4 | CELH 🚀 | 2.00 |
5 | AAPL | 1.83 |
6 | AMZU | 1.70 |
7 | PANW | 1.51 |
8 | AMZN | 1.23 |
9 | YUMC | 1.21 |
10 | CSCO | 1.21 |
11 | YUM | 1.12 |
12 | COIN | 1.12 |
13 | PYPL | 1.09 |
14 | RETL | 1.03 |
15 | ON | 1.02 |
16 | RIG | 1.02 |
17 | DDOG | 1.02 |
When a stock closes above its opening price and does so on significantly higher‑than‑average volume, it’s seen as a bullish confirmation that the upward move had real participation. Closing higher than open means buyers dominated trading throughout the day. But the signal gains real credibility - and strength - when volume spikes above its usual range (often 25‑50 % beyond recent days’ average). That's because heavy volume reflects conviction and money entering the stock, not just short‑term speculators or algorithmic noise. In technical analysis terms, this pattern - an up‑day on elevated volume - suggests institutional interest or widespread enthusiasm. Indicators like On‑Balance Volume (OBV) and the Accumulation/Distribution line specifically quantify this by tracking volume flow on up‑days versus down‑days to confirm trend strength. That said, context is crucial. A spike in volume may sometimes signal a buying climax - such as short covering or window dressing - where most potential buyers have already acted, making a reversal more likely.