| Rank | Ticker | Volume Ratio | Name |
|---|---|---|---|
| 1 | RIG | 1.30 | Transocean Ltd (Switzerland) |
| 2 | TQQQ | 1.20 | ProShares UltraPro QQQ |
| 3 | DVN 🚀 | 1.14 | Devon Energy Corporation |
| 4 | QQQ | 1.12 | Invesco QQQ Trust, Series 1 |
| 5 | GUSH | 1.08 | Direxion Daily S&P Oil & Gas Ex |
| 6 | FAS | 1.02 | Direxion Financial Bull 3X Shar |
| 7 | CLF 🚀 | 1.02 | Cleveland-Cliffs Inc. |
| 8 | SPY | 1.01 | SPDR S&P 500 |
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.