Big volume with a flat price is quiet accumulation
Heavy turnover with little price movement is often interpreted as supply being absorbed.
Result
No difference — The test did not establish a difference from the matched baseline.
- Observed up-rate
- 53.9%
- Volatility-matched expected rate
- 50.2%
- 95% lift interval
- 1.04 ~ 1.12x
- Signals · symbols · dates
- 6,638 · 3,468 · 249
As of 2026-10-23 · Observed period 2025-09-29 to 2026-10-14
Source: DawnScan daily scan records and daily price records
Rule definition
An event is a day with volume at least three times its 20-day average while the price moved less than 3%.
Why people use this rule
Heavy turnover with little price movement is often interpreted as supply being absorbed.
Results by market regime
| Regime | Cases | Observed | Expected | Verdict |
|---|---|---|---|---|
| Neutral | 1,763 | 46.5% | 39.7% | No difference |
| Risk-off | 671 | 76.8% | 77.5% | Not enough data |
| Risk-on | 4,204 | 53.4% | 50.2% | No difference |
Recent confirmed cases
| Date | Symbol | Outcome |
|---|---|---|
| 2026-10-14 | BZH | +0.5% Delisted (last recorded value) |
| 2026-10-06 | PERF | +4.2% Delisted (last recorded value) |
| 2026-10-06 | IHD | -3.5% Delisted (last recorded value) |
| 2026-10-06 | IAE | -22.5% Delisted (last recorded value) |
| 2026-10-02 | YB | -13.4% |
| 2026-10-02 | WHG | -3.9% |
| 2026-10-02 | SPKL | +0.0% Delisted (last recorded value) |
| 2026-10-02 | SMTK | -83.2% |
| 2026-10-02 | PUSA | -46.5% |
| 2026-10-02 | PMVP | -26.8% |
| 2026-10-02 | NHPBP | +0.0% Delisted (last recorded value) |
| 2026-10-02 | NBHC | -1.7% |
| 2026-10-02 | FRHC | +8.1% |
| 2026-10-02 | FEMY | -33.2% |
| 2026-10-02 | EDN | -21.6% |
| 2026-10-02 | CBNK | +3.1% |
| 2026-10-02 | BMO | +3.3% |
| 2026-10-02 | BDL | +28.9% |
| 2026-10-01 | WNC | +6.4% |
| 2026-10-01 | UPC | -64.3% |
| 2026-10-01 | STHO | -13.6% |
| 2026-10-01 | STFS | +33.0% |
| 2026-10-01 | SLP | +0.1% Delisted (last recorded value) |
| 2026-10-01 | ONIT | +0.8% |
| 2026-10-01 | NTWO | +0.2% |
| 2026-10-01 | NRP | +9.5% |
| 2026-10-01 | JAKK | +26.6% |
| 2026-10-01 | ELUT | +1.7% |
| 2026-10-01 | EIC | -3.9% |
| 2026-10-01 | DTF | +2.4% |
Method and limitations
Definition: An event is a day with volume at least three times its 20-day average while the price moved less than 3%.
Historical outcomes only. The sample may reflect a limited market regime. Results do not account for stops, position sizing, fees, or taxes.
Past data · not investment advice