The new 52-week high on volume
What the market says
"New highs beget new highs: a stock breaking out to a 52-week high on volume keeps going."
What the charts did
The next session was no different from an ordinary day: 50% of 39,440 closed below the anchor, against 49% of ordinary days. Median next-session move +0.0%.
A week on, 51% were above the anchor, fewer than the 55% of ordinary days; median +0.1%, and the middle 80% ran from -7.8% to +7.3% (ordinary: -6.1% to +6.8%).
A month on, 53% were above the anchor, about as many than the 53% of ordinary days; median +0.5%, and the middle 80% ran from -14.6% to +14.8% (ordinary: -12.6% to +13.5%).
Three months on, 53% were above the anchor, about as many than the 54% of ordinary days; median +0.8%, and the middle 80% ran from -26.1% to +26.0% (ordinary: -19.9% to +24.8%).
A year on, 56% were above the anchor, about as many than the 56% of ordinary days; median +4.2%, and the middle 80% ran from -42.9% to +63.1% (ordinary: -38.2% to +58.2%).
The week after this pattern is 1.2 times as wide as an ordinary week. That spread, not the median, is what the pattern tells you.
| Raw move from the anchor close | Instances | Share above | Median | Middle 80% | Ordinary day: share above | Ordinary day: middle 80% |
|---|---|---|---|---|---|---|
| Next session | 39,440 | 50% | +0.0% | -3.7% to +3.6% | 51% | -3.0% to +2.9% |
| 1 week (5 sessions) | 39,214 | 51% | +0.1% | -7.8% to +7.3% | 55% | -6.1% to +6.8% |
| 1 month (21 sessions) | 38,838 | 53% | +0.5% | -14.6% to +14.8% | 53% | -12.6% to +13.5% |
| 3 months (63) | 37,273 | 53% | +0.8% | -26.1% to +26.0% | 54% | -19.9% to +24.8% |
| 6 months (126) | 34,789 | 55% | +2.3% | -31.6% to +39.4% | 55% | -27.6% to +35.7% |
| 1 year (252) | 29,689 | 56% | +4.2% | -42.9% to +63.1% | 56% | -38.2% to +58.2% |