How to monitor stock volume during a trading day
Check this technical analysis indicator
for short term stock market trades
in real time
Intra-day monitoring of stock volume can be very helpful in discovering stock with abnormal stock volume during a trading day.
If you have prepared a list of stocks you want to monitor for a possible stock trade, then it’s important to know if the current stock move is accompanied with strong level of shares traded. Every pullback move or breakout move accompanied with abnormal stock volume or above average stock trading volume represents a much better opportunity for profitable trade. Monitoring stock during intraday moves is task that should be done especially by short term traders like day traders or swing traders. These types of stock trading could be much more profitable when intra-day levels of stock trading volume is monitored real time. This task is not so important for position traders or active investors.
So how you can do this?
It’s easy. All you need is free stock trading software such as
Quotetracker
and a real-time data source (like your broker or a specialized data provider). Then, you have to define the list of stocks you want to monitor. Finally, you have to set a view in
Quotetracker
to include these two columns: Vol% and Avg Volume. Avg volume is average daily stock trading volume delivered from the Yahoo finance Web site. Vol% is a percent level of current volume to Average volume. You can see both important columns on this screenshot from my trading computer.
Use stock market volume alternative
If you have not this software you can try to achieve this result by different way.Put your stock into watchlist of your trading software. Then monitor current daily volume of this stock. Also check average volume available on Yahoo finance website. Here is example where to look for this info for AAPL :
Then you can compare current volume of stock you want to trade with average volume level you find on Yahoo site. It is also good to write 50% level of average volume. If you see that stock trading volume achieved 50% level or more during first hours of trading then you know that something is happening with this stock. And you can expect that stock trading volume at the end of the day will be higher then average level.
Stock broker software could be also option
Another option is to monitor todays stock trading volume realtime in stock trading software that is provided by stock broker. Short term traders often receive real time trading data also to this stock trading platform so there is possible to monitor intraday values. The only issue is if there is available also average trading volume in this platform.Average level of trading volume is calculated value and I noticed that it is not easily accessible even by stock trading platform of best online brokers. So please check it with your broker. I personally use volume and average levels of this technical stock indicator that are provided by my
real time data provider.
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