I asked ChatGPT to analyse the trading patterns .. what a time to be alive.
Next, I'll calculate the percentage change in the share price and then analyze the correlation with the volume spikes to see if there's a recurring strategy being employed.
Let's proceed with that analysis.
I have identified significant price drops and volume spikes based on the set thresholds. Significant price drops are those that are equal to or greater than a 0.5% decrease in price, and volume spikes are those where the volume increase is equal to or greater than 50%.
From the heads of these filtered datasets, we can see some instances where there are both significant price drops and volume spikes.
For example, at 10:09:17 AM, there was a price drop of approximately 0.61%, followed by an enormous volume spike (over 2000% increase). Similarly, at 10:17:06 AM, a 1.62% drop is followed by an incredible 59900% increase in volume, which may indicate a buy-up after the price drop. There are other instances, but these stand out significantly.
This pattern, if consistent, could suggest a strategy where the price is pushed down (possibly through large sell orders or a series of smaller sales that cumulatively have a big impact) to then accumulate shares at a lower price, as indicated by the subsequent volume spikes.
Further statistical analysis could include correlation analysis or a detailed time series analysis to look for consistently timed transactions following these drops, which would require a more thorough and nuanced look at the timestamps and sequences of transactions.
For a more detailed understanding, I could examine the full dataset for more instances of this pattern and potentially conduct a statistical test to determine if these patterns are significant and not due to chance.Would you like me to proceed with this extended analysis?
===Yes===
The extended analysis reveals several instances where there is a significant price drop followed by a volume spike within a 5-minute window.
Here are some details from the first few instances found:At 10:09:17 AM, the price dropped to $9.83 with a volume of 1,815 shares. Within 23 seconds, there was a volume spike with transactions of 2,900 shares at $9.90, 2,500 shares at $9.89, and 4,911 shares at $9.89.
These volume spikes are associated with slight changes in price, with one transaction even seeing a price increase.
This pattern of a significant drop in price followed by a spike in volume in such a short time frame could suggest a trading strategy that aims to manipulate the price.
The quick succession of a drop and spike might indicate an attempt to push the price down to buy back at a lower price.
GLTAH
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Last
$14.68 |
Change
-0.330(2.20%) |
Mkt cap ! $956.7M |
Open | High | Low | Value | Volume |
$15.05 | $15.23 | $14.62 | $1.538M | 103.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 125 | $14.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.70 | 304 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 373 | 14.710 |
5 | 458 | 14.700 |
3 | 305 | 14.690 |
11 | 685 | 14.680 |
5 | 479 | 14.670 |
Price($) | Vol. | No. |
---|---|---|
14.740 | 58 | 6 |
14.750 | 432 | 8 |
14.760 | 222 | 6 |
14.770 | 1244 | 6 |
14.780 | 115 | 3 |
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