Volume is key in trading. News volume indicates the overall activity of a stock and its momentum, and it is an important indicator to know when day-swing trading..
Why it matters?
If you see a stock that’s appreciating on high volume mentioned in the news, it’s more likely to be a sustainable move especially if the sentiment of the news is positive. Lets Review a Case Study of How news volume and sentiment helps.
0n 8th Jan 2021, BNTX stock is ranked No. 5 in Overall news volume.
Rank: 5 for 8th Jan 2021.
Total News Reported about BNTX: 21
Typically for IPOs we don’t have sufficient charting data available but to our benefit and additional edge, lets see what the news reports and sentiment about this IPO (C3.ai)
0n 9th Dec 2020, C3.ai stock is ranked №10 in Overall news volume.
Rank: 10 for 9th Dec 2020.
Total News Reported about C3.ai: 17
Total News with Positive Bias: 15
Total News with Neutral Bias: 2
Total News with Negative Bias: 0
Based on the above data, we can see, there is significant Buzz from the news sources about this IPO. If you see a stock that’s appreciating on high…