Volume dry-up near highs
Within 5% of the 52-week high on under 60% of its normal volume. Supply running out.
A stock that stays near its highs while volume falls to 60% of normal is a stock nobody is willing to sell at these prices. On the accumulation reading, that is the quiet before the mark-up. The bearish reading is that nobody cares. The first high-volume day that follows usually settles which it was, and that is why this scan pairs with the volatility-contraction one instead of replacing it.
More volatility:Bollinger squeezeWide-range moversGap up and holdGap down and failUp 15% in a month
Price and delivery data from the eod2 dataset: National Stock Exchange of India end-of-day files, split- and bonus-adjusted, updated after each close. Not affiliated with or endorsed by NSE. PatternsRadar is a research tool. Nothing here is investment advice or a recommendation to buy or sell anything.