Premarket Volume Scan

Market Narrative

## Premarket Scan for July 22, 2026 PATH leads the scan by volume on July 22, 2026, printing over 177 million shares in premarket despite moving less than 1% to the downside. That volume-to-move ratio is the signal worth paying attention to. When that much size trades on a sub-1% gap, it suggests institutional positioning rather than retail chasing, and it sets up a clean intraday structure. The premarket range on PATH is only 1.08%, which is tight enough to trade a HOD/LOD breakout strategy. Watch the premarket high and low as your levels at the open. A break above the premarket high with continued volume expansion favors a long entry; a flush below the low with volume confirmation favors the short side. Because options liquidity on PATH can be inconsistent, the shares-only approach is the right vehicle here. NU checks in second with nearly 147 million shares and a 2.86% gap up to $14.39. The premarket range on NU is 1.74%, still tight enough for a breakout setup, and the directional bias is cleaner given the upside move. Same playbook applies: shares only, and let the open establish which side of the range resolves first. Further down the list, INTC and NOK are the gap percentage standouts at 8.64% and 5.46% respectively, but their volume ranks them fourth and sixth. That is not a disqualification, just context. INTC at $105.45 on nearly 105 million premarket shares is a meaningful move and warrants attention, but the 3.98% premarket range suggests wider price action and potentially choppy open price discovery. For INTC, a VWAP-anchored strategy makes more sense than a hard breakout entry. Let price return to VWAP after the open and look for a reclaim or rejection as the actionable trigger. NOK has a similar profile with a 5.55% premarket range, the widest on the scan, and VWAP is again the cleaner framework. T rounds out the higher-volume names with 139 million shares and a 6.02% premarket range at $22.26. That range width combined with the volume makes T a VWAP trade as well. NVDA is present with over 109 million shares but the 1.35% move and tight range make it more of a sympathy name to monitor rather than a primary setup today. On the macro side, there are no high-impact events scheduled for July 22, 2026, which removes the catalyst-driven volatility variable. That is generally favorable for technical setups because price is