Volume and news: signals or noise?

Volume and news explain why a session may have mattered. They do not tell you what to do next. This guide covers the questions TickerLevels asks before it connects a headline to a price move.

Volume measures participation

TickerLevels compares the latest session volume with the 20-day average. A ratio above 1 means more shares traded than usual. A large price move on heavy volume is more noteworthy than the same move on light volume, but the ratio is not a forecast.

Headlines need a source and a date

A headline is a claim made at a point in time. The page labels the publisher and shows the publication time when available. A story without a clear source, or one that is several days old, should not be treated as a fresh explanation for today's move.

Filings are primary documents

SEC filings are company disclosures rather than journalism. They can be more reliable than a summary, but they are also longer and more technical. TickerLevels links to the filing so you can read the original instead of relying on a headline.

Tone is not direction

News tone describes the language in recent coverage. Positive tone does not guarantee a higher price, and negative tone does not guarantee a lower one. Tone is one input beside price, levels, trend, and volume. The read explains the combination instead of reducing it to a score.

Try it on a ticker

On AAPL, compare the volume ratio in the read with the publisher-labeled headlines. Check whether the newest story actually matches the session being discussed.

• AAPL
• TSLA
• SPY