A float turnover can signal a breakout up or down.
Video from my FaceBook group with 12600 members as of february 13 2024. Think of NVIDIA’s float when you view the video. It is definitely not the float of a small startup.
From my facebook group
The freely traded stocks in the hands of the public is called the float, the floating supply of shares that shall not be confused with the shares outstanding which includes the floating supply of shares and the shares tightly held by the management of the company. A float turnover is the time it takes for a number of shares that cumulatively corresponds to the number of shares in the stock’s float. The Float Turnover (FT) can be computed as a forumlae with the cumulative trading volume over any given time span, (CTV) in the numerator and the number of shares in the float (F) in the denominator, more precisely
FT = CTV / F
Links
- Float Analysis by Steve Woods and Jan Arps
- Chart Your Stocks With Float Charts by Steve Woods
- TradingView: Steve Woods Float Analysis Volume Float Indicator
- AccountingTools Share turnover definition
- Harvard Business School: Float manipulation and stock prices (PDF)
- Seeking Alpha: Share Turnover, Beta, And Stock Returns