0.31% Movement in SFTBY Stock Highlights Powerful bullish Momentum on Jan 02, 2025
Date: Jan 02, 2025 (Thursday)
open : $28.61
close : $28.95
low : $28.56
high : $29.01
previous close: $28.86
Also check: Tool to spot which candlestick has formed
On Jan 02, 2025 (Thursday), SOFTBANK GROUP CORP. (SFTBY) in the Communication Services sector showed bullish momentum of 0.31% w.r.t previous day's close. The stock belongs to the Telecom Services industry within the Communication Services sector.
At the opening bell, the stock started with a a gap down at $28.61, compared to the previous close of $28.86 (a gap down of -0.87%).
The stock hit a high of $29.01 and a low of $28.56, creating a trading range of $0.45. The price movement for the day was 1.19% higher than the opening price.
During the day's session, the SOFTBANK GROUP CORP. experienced a substantial drop in trading activity, trading 85,286 shares, which is 81.20% lower than the average of 453,625 shares, like a sharp decrease in volume compared to its usual levels. This decline indicates reduced market participation or a lack of significant news to drive interest.
The stock experienced low volatility (1.55%), staying within a narrow range (the stock remained stable with a high of $29.01 and a low of $28.56).
If we look at the last month's 1D chart, the stock has been moving sideways, but today’s close > open forms a bullish candle, showing a positive move and indicating buying pressure as bulls take control.
Disclaimer: This analysis is provided solely for educational purposes and does not include any recommendations. For any financial decisions, it’s advised to consult with your financial advisor.