Hindsight Markets Small-cap stocks on August 28, 2026
NCPL on August 28, 2026: why it ran
On August 28, 2026, NCPL opened up 9.9% from the previous close of 0.5386 and reached 1.04 at 10:30 a.m. ET. The exchange did not halt it.
- Previous close
- 0.5386
- Open, 9:30 a.m.
- 0.5919
- Gap at the open
- up 9.9%
- Pre-market high
- 0.6347 at 4:06 a.m.
- High, 4 a.m. to 4 p.m.
- 1.04 at 10:30 a.m.
- Low, 4 a.m. to 4 p.m.
- 0.5253
- After-hours high, 4 p.m. to 8 p.m.
- 0.7500 at 5:28 p.m.
- Last trade before 4:00 p.m.
- 0.6984
- Volume
- 29.56 million
- Relative volume
- 2.6x
- Float
- 6.71 million shares, from filings as of August 28, 2026
- Shares outstanding
- 7.85 million
- Halts
- none in the halt feed
Replay NCPL's day
It starts at 10:04 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 10:07 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The day, step by step
- Small cap
- Momentum
- Main move: 10:19 to 10:30
- News: 6:05 a.m. headline
- Float traded 4x
- Ask walls
- Lower high after the top
The day before
On August 27, NCPL ran from $0.47 to a high of $0.75. It gave most of it back and closed at $0.54.
After hours it was back up to $0.65.
Pre-market, the news, and the open
The first trades on the 28th were at $0.59, already above the $0.54 close. The pre-market high was $0.63 at 4:06 a.m. By 4:45 it was drifting lower, and 1.97 million shares traded before the bell.
At 6:05 a.m. GlobeNewsWire ran: “Netcapital Inc. Announces Receipt of Nasdaq Notification Regarding Delayed Annual Report on Form 10-K”. The company also filed an 8-K at 6:05. The stock was trading around $0.57 that minute.
It didn't run on the news. At 6:16 a.m. it dropped to $0.53 on 79,670 shares, the most in one minute since 4:06 a.m. The pre-market low was $0.5253 at 6:25 a.m., under the previous close.
It opened at $0.59, up 10% from the previous close. A single 40,271-share print went through at $0.5919 at 9:30:00. It touched $0.62 at 9:32, then slid. The low since the open was $0.531 at 9:52.
The run
At 10:10 it cleared the pre-market high of $0.63. It reached $0.69 at 10:15, fell back to $0.62 at 10:16, then started again at 10:19 from $0.64.
Volume jumped. 849,418 shares traded in the 10:21 minute and 1.39 million in the 10:22 minute. Counting pre-market, about 6.29 million shares had traded by 10:23, close to the whole float of 6.71 million.
Stop It's 10:23. NCPL is at $0.93, up from $0.64 at 10:19. A large ask wall has been building at $1.10. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 10:23 a.m. ET for your call, then show what happened. The clip starts at 10:20 a.m. ET.
Here's what happened. The wall at $1.10 was first seen at 10:22:14. It peaked at 113,376 shares at 10:23:02, 1.7% of the float. At 10:23:10 a sell sweep of 94,859 shares went from $0.96 to $0.9386 across 32 price levels. The wall was pulled at 10:23:17. The 10:23 minute topped out at $0.98 and closed at $0.8941.
It chopped between about $0.83 and $0.98 for six minutes. At 10:29:06 a buy sweep of 95,603 shares went from $0.8942 to $0.9214. At 10:29:26 another, 101,945 shares, went from $0.937 to $0.96.
The high so far was $1.04, in the 10:30 minute. That minute ran from $0.96 up to $1.04 and down to $0.84, on 1.36 million shares.
After the top
It fell to $0.76 at 10:36. At 10:38 it pushed back to $0.83, a lower high under the $1.04 top.
The 10:39 minute went down to $0.69 on 627,218 shares. At 10:39:20 a sell sweep of 58,995 shares went from $0.7511 to $0.7311. By 10:57 it was at $0.60.
From 10:32 on, ask walls kept appearing above. One at $1.00 was first seen at 10:32:39 and peaked at 92,134 shares at 11:38. One at $0.90 was first seen at 11:31 and peaked at 112,404 shares at 12:42. One at $0.75 was first seen at 12:35 and peaked at 115,538 shares at 1:35 p.m., 1.7% of the float.
It did bounce. At 11:35 it reached $0.78, still under the $0.83 lower high. Then it settled into a range of roughly $0.64 to $0.74 for the afternoon.
The wall at $0.67
At 3:04 p.m. an ask wall appeared at exactly $0.67. It peaked at 84,058 shares at 3:06 p.m., 1.2% of the float.
Stop It's 3:07. NCPL is at $0.6691. Just above, a big ask wall at $0.67 held about 84,000 shares at its peak a minute ago. Would you buy here?
Press play: the real Level 2, time and sales and chart stop at 3:07 p.m. ET for your call, then show what happened. The clip starts at 3:04 p.m. ET.
Here's what happened. Starting at 3:08:27, buyers hit the wall at $0.67. In under a second, 45,155 shares traded at exactly $0.67 and the wall was gone. It wasn't pulled; it was eaten. A 32,682-share print went through at $0.67 at 3:08:28.
The price climbed over the next half hour. It touched $0.70 at 3:15 and $0.73 at 3:35.
The rest of the day
Another ask wall showed up at $0.72 from 3:54 p.m. It peaked at 134,235 shares at 3:56 p.m., 2.0% of the float. The regular session closed at $0.70, 33% under the $1.04 high of the day.
By the close, 26.71 million shares had traded: the float changed hands about 4 times. Relative volume for the day was 2.6. After hours another 872,190 shares traded.
What to take from it
- After the top, each push stopped lower. $1.04 at 10:30, $0.96 at 10:31, then $0.83 at 10:38. The stock was at $0.60 by 10:57.
- An ask wall can end two ways. The $1.10 wall was pulled at 10:23:17. The $0.67 wall was eaten at 3:08. Both showed on the book before they ended.
- The book decides what a fast buy costs. With 7,583 shares on the screen at the high, a 5,000-share buy cost $0 extra. With 300 on the screen after the $0.67 wall broke, it cost $24 extra.
Why it ran
News and SEC filings for NCPL published between the previous session's close and the first minute NCPL traded 20% above it, at 10:13 a.m. ET, newest first, from the same feeds the replay shows.
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8-K
-
Netcapital Inc. Announces Receipt of Nasdaq Notification Regarding Delayed Annual Report on Form 10-K
News via Stock News API
How it traded
Intraday run. It opened up 9.9% at 0.5919, then ran from the open to the high of 1.04 in 60 minutes.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:06 a.m. | Pre-market high, 0.6347 | |
| 6:05 a.m. | News (GlobeNewsWire): Netcapital Inc. Announces Receipt of Nasdaq Notification Regarding Delayed Annual Report on Form 10-K | |
| 6:05 a.m. | SEC filing 8-K: 8-K | |
| 9:30 a.m. | The open: 0.5919, up 9.9% from the previous close | |
| 10:13 a.m. | First trade 20% above the previous close of 0.5386 | |
| 10:23 a.m. | Volume since 4:00 a.m. passes the whole float, 6.71 million shares | |
| 10:30 a.m. | High of the day to the close, 1.04 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 0.6984, 32.8% below the high |
The shape is a fixed rule, not a judgement: gapped 10% or more at the open, ran 10% or more from the open to the high, and faded if it gave back 30% or more of that move by the close.
The day in numbers
- From news to the move: the first trade 20% above the previous close came 4 hours 7 minutes after the latest SEC filing before it (8-K, 6:05 a.m.).
- Volume, from the one-minute bars: 1.97 million shares before the 9:30 a.m. open (7%), 629,230 in the first 30 minutes (2%), and 26.95 million in the rest of the day to 8 p.m. (91%).
- Float rotation, the volume since 4 a.m. against the float of 6.71 million shares: past it once at 10:23 a.m., twice at 10:31 a.m., three times at 11:25 a.m.
- Other days NCPL met the small-cap rule in our recaps: 9, the latest on October 9, 2026.
Halts
The exchange's halt feed shows no halts for NCPL that day.
On this date the LULD plan ran under Amendment 18, in force from February 24, 2020: no band doubling at the open, and the closing doubling only for Tier 1 stocks and Tier 2 stocks whose previous close was at or below three dollars. See LULD halts or work out a band with the LULD calculator.
Trade this day
Replay NCPL on August 28, 2026 in Hindsight Markets: the real tape, the order book and the halts, on a clock you control, and see where your orders would have filled.