SGLY on August 20, 2026: why it ran

The day, step by step

• Small cap
• Momentum
• Main move: pre-market
• Catalyst: news
• Float traded 7x
• Gap and fade
• Bid wall pulled

The day before

On August 19, SGLY traded between $2.50 and $3.19 on 258,728 shares. The official close was $2.98.

Some news came after the close. At 5:00 p.m. GlobeNewsWire ran: “Univest Securities, LLC Announces Closing of $1.8 Million Registered Direct Offering for its Client Singularity Future Technology Ltd. (NASDAQ: SGLY)”.

Pre-market: the float traded by 6:38 a.m.

From 4:00 a.m. the stock traded between $2.87 and $3.29 on very thin volume. Nothing happened until 6:00.

At 6:00 a.m. GlobeNewsWire ran: “SGLY Enters Into Non-Binding Strategic Framework Agreement for Potential 900-Acre South Carolina AI Data Center Campus”. From the $2.98 previous close it reached $6.75 at 6:02, up 126%.

Then it swung hard. It fell to $4.50 at 6:06, down 33% from $6.75. It ran back to $6.02 at 6:08, then dropped to $4.71 at 6:18.

By 6:38 a.m., more shares had traded than exist in the whole float (3.58 million). From $4.89 at 6:25 it ran 40% to $6.85 at 6:39.

7:00 a.m.: holding under $7.00

From 6:38 to 6:59 the stock held between $6.00 and $7.00.

Here's what happened. The 7:00 candle pushed to $7.50. The 7:01 candle ran from $7.36 to $8.43, the high so far, on 697,697 shares in that one minute. From the $6.27 low at 6:58, that was a 34% run in three minutes.

At 7:01:40 a single 40,496-share sell order went through 35 price levels, from $7.81 to $7.31. By 7:04 the low was $7.20. 17.94 million shares traded before the bell.

The highs got lower after that. It reached $7.79 at 7:06 and $7.69 at 7:27, both under the $8.43 top. After 7:06 it did not trade above $7.73 before the open.

From 8:13 there was also an ask wall at $7.50, which peaked at 35,096 shares (1.0% of the float) at 8:38. From 8:38 until 9:28 the stock did not trade above $7.11.

9:29: the offering headline and the open

At 9:29 a.m. GlobeNewsWire ran: “Singularity Future Technology Ltd. Announces Pricing of $5.0 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules”.

The 9:29 candle opened at $6.80 and fell to $3.86 in that same minute, closing at $4.60 on 835,175 shares. At 9:29:00 a 51,479-share sell order went through 35 levels, from $6.74 to $6.40.

It opened at $4.70, up 58% from the previous close. The opening print was 80,496 shares at $4.70. By 9:33 the low was $3.69, and by 9:48 it was $3.49.

The bid at $3.22

The Level 2 book showed large resting bids below the price.

The stock spent the late morning at $3.35 to $3.49, on thin volume. From 11:49 a.m. someone was bidding for a lot of stock at exactly $3.22. Another large bid, at $3.30, had appeared three seconds earlier (11:49:09). It peaked at 34,580 shares at 12:24 and was pulled at 1:20:33.

The $3.22 bid kept growing. It peaked at 57,628 shares at 1:35 p.m., 1.6% of the float. At 1:46 the stock hit $3.27, the low since the open and five cents above the $3.22 bid.

Here's what happened. At 1:52:19 a buy order swept 24,836 shares through 19 levels, from $3.38 to $3.56. One second later 18,465 shares printed at $3.51, at the ask. The 1:52 candle ran from $3.35 to $3.56 on 80,546 shares.

At 1:52:40 the $3.22 bid was pulled. The size left the book without trading there.

The book rearranged around the same time. An ask wall at $4.10 appeared at 1:52:36 and peaked at 40,668 shares at 3:51 p.m. A bid at $3.40 appeared at 1:52:55, peaked at 39,732 shares at 1:59, and was pulled at 2:08.

The rest of the day

There was one more burst late. At 3:42 p.m. the minute traded 125,471 shares and reached $3.61, with three prints of 14,994 to 17,071 shares at the ask. It faded back to the $3.40s.

It closed at $3.45, 59% under the $8.43 high of the day. That high came before the bell, at 7:01 a.m., 79% above the $4.70 open.

After hours it touched $3.65 at 4:01 p.m. and slid to $3.00 by 7:59 p.m., two cents above the $2.98 previous close.

Volume was 17.94 million shares pre-market and 6.67 million in the regular session. For the whole day, 24.90 million shares traded: the float changed hands about 7 times, at 41 times its normal volume.

What to take from it

• The first spike was not the top. $6.75 came at 6:02 a.m. The high of the day, $8.43, came almost an hour later at 7:01.
• A big resting order can leave without trading. The 57,628-share bid at $3.22 was pulled at 1:52:40 p.m., not hit.
• Pre-market gains can disappear before the open. The 9:29 candle fell from $6.80 to $3.86, and the stock closed at $3.45 against an $8.43 high.

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