Rank | Ticker | Volume Ratio |
---|---|---|
1 | PR | 2.08 |
2 | HDB | 2.03 |
3 | FAS | 1.64 |
4 | PYPL | 1.53 |
5 | HON | 1.50 |
6 | AAL | 1.44 |
7 | LYB | 1.41 |
8 | SCHW | 1.39 |
9 | DLTR | 1.36 |
10 | SYF | 1.34 |
11 | SEDG 🚀 | 1.34 |
12 | CHYM | 1.29 |
13 | WELL | 1.27 |
14 | VTRS | 1.27 |
15 | RF | 1.21 |
16 | ACN | 1.20 |
17 | CRM | 1.11 |
18 | F | 1.09 |
19 | FANG | 1.07 |
20 | CMG | 1.07 |
21 | USB | 1.07 |
22 | GILD | 1.04 |
23 | NFLX | 1.04 |
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.