Hindsight Markets Small-cap stocks on October 1, 2026
NXL on October 1, 2026: why it ran
On October 1, 2026, NXL opened up 108.8% from the previous close of 4.21 and reached 10.98 at 10:06 a.m. ET. The exchange halted it 5 times.
- Previous close
- 4.21
- Open, 9:30 a.m.
- 8.79
- Gap at the open
- up 108.8%
- Pre-market high
- 9.09 at 9:27 a.m.
- High, 4 a.m. to 4 p.m.
- 10.98 at 10:06 a.m.
- Low, 4 a.m. to 4 p.m.
- 4.28
- After-hours high, 4 p.m. to 8 p.m.
- 8.09 at 4:58 p.m.
- Last trade before 4:00 p.m.
- 7.49
- Volume
- 27.61 million
- Relative volume
- 3640.6x
- Float
- 711,991 shares, from filings as of October 1, 2026
- Shares outstanding
- 829,400
Replay NXL's day
It starts at 8:29 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 8:32 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
- Gap, run and fade
- Main move: the morning
- Catalyst: news
- Halted five times
- Halt reopens
- Float traded 37x
Pre-market: the float traded by 8:35 a.m.
NXL closed at $4.21 on September 30. That day 2,872 shares traded.
The first trade on October 1 came at 7:52 a.m., at $4.28. At 8:30 a.m. GlobeNewsWire ran: “Nexalin Technology Signs Definitive Exclusive Distribution and Local Manufacturing Agreement for Brazil and South America, Marking a Major Step in its Transition Toward Commercial Revenue Generation”. Within minutes it jumped to $5.56.
By 8:35 a.m., more shares had traded than exist in the whole float (711,991). From $4.28 it had run to $7.01 at 8:35 a.m., up 64%.
It pulled back to $5.71 at 8:38 a.m., then ran to $7.93 at 8:52 a.m. After that it slid to $6.24 by 9:07 a.m. By 9:12 a.m. the volume was ten times the float.
From $6.31 at 9:11 a.m. it ran to the pre-market high, $9.09 at 9:27 a.m. 10.31 million shares traded before the bell.
The open and the first halt
It opened at $8.79, up 109% from the previous close. It faded fast. At 9:35 a.m. it was at $7.54, and at 9:35:21 it was halted (a volatility pause).
Stop It's 9:40. NXL last traded at $7.54 and has been halted for five minutes. It opened the day at $8.79. Trading resumes in seconds. Would you buy the reopen?
Press play: the real Level 2, time and sales and chart stop at 9:40 a.m. ET for your call, then show what happened. The clip starts at 9:37 a.m. ET.
The reopen came at 9:40:21 with a single 47,642-share print at $7.29. A minute later it hit $6.80 at 9:41 a.m., down 25% from the $9.09 pre-market high. Then it turned and climbed to $8.25 by 9:45.
At 9:45:56 it was halted again. It reopened ten minutes later, at 9:55:56, at $9.00. A 155,191-share print went through at that price.
The third halt and the 10:06 reopen
The reopen carried straight up. By 9:56 a.m. it was at $9.90, and at 9:56:11 it was halted for the third time (a volatility pause).
Stop It's 10:06. NXL last traded at $9.90 and has been halted for ten minutes. It was $9.00 at the last reopen. Trading resumes in seconds. Would you chase the reopen?
Press play: the real Level 2, time and sales and chart stop at 10:06 a.m. ET for your call, then show what happened. The clip starts at 10:03 a.m. ET.
It reopened at 10:06:11 a.m. at $10.47, 6% above the $9.90 where it stopped. A 196,922-share print went through at that price. Then it hit $10.98, the high so far, at 10:06 a.m. and turned straight down.
At 10:06:33 it was halted a fourth time, with the last trade at $9.42. That was the 10:06 candle's close, $1.56 under the high.
The fourth halt and the 10:16 reopen
Stop It's 10:16. NXL last traded at $9.42 and has been halted since 10:06:33. It hit $10.98 ten minutes ago. Trading resumes in seconds. Would you buy the reopen?
Press play: the real Level 2, time and sales and chart stop at 10:16 a.m. ET for your call, then show what happened. The clip starts at 10:13 a.m. ET.
It reopened at 10:16:34 at $8.34, 11% below where it stopped. A 71,913-share print went through at that price. Within the 10:16 minute it traded as low as $7.81.
It chopped between about $7.64 and $8.26 for a few minutes. Then it fell to $7.15 at 10:24 a.m., down 35% from $10.98. At 10:24:44 it was halted for the fifth time. It reopened at 10:29:44 at $7.41.
A lower high, and a bid that vanished
It came back once more. At 10:54 a.m. it pushed to $8.56, under the $8.64 reached in the 10:16 minute and well under the $10.98 top.
The order book showed something the candles didn't. At 10:37 a.m., a large bid appeared at exactly $6.06, well under the $7.38 price at that minute. The bid peaked at 51,313 shares, about 7% of the float.
At 11:01:04 a.m. it was pulled: the size left the book without trading there. It had sat there for about 23 minutes.
The rest of the day
From 11 a.m. to the close it traded between $6.90 and $8.38. It dipped to $6.90 at 11:24 a.m. and spent most of the afternoon between about $7.10 and $7.70. It finished at $7.49 at the close.
Through the close, 26.66 million shares traded, pre-market included: the float changed hands about 37 times, at over 3,000 times its normal volume. It was halted 5 times.
After hours
At 5:00 p.m. the company filed two 8-Ks. Around that minute the stock was near $7.62. It drifted lower and was at $6.50 at 7:59 p.m. About 944,000 shares traded after hours.
What to take from it
- A halt can reopen lower than it stopped. The 10:06:33 a.m. halt stopped at $9.42 and reopened at $8.34 at 10:16:34.
- The seconds after a reopen can cost more than the screen says. Four seconds after the 10:06 reopen, 5,000 shares averaged $1,067 over the screen price.
- After the top, the next push stopped lower. $10.98 at 10:06 a.m., then $8.56 at 10:54 a.m. It closed at $7.49, 32% below the high.
Why it ran
News and SEC filings for NXL published between the previous session's close and the first minute NXL traded 20% above it, at 8:30 a.m. ET, newest first, from the same feeds the replay shows.
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Nexalin Technology Signs Definitive Exclusive Distribution and Local Manufacturing Agreement for Brazil and South America, Marking a Major Step in its Transition Toward Commercial Revenue Generation
News via Stock News API
How it traded
Gap, run and fade. It gapped up 108.8% to 8.79 at the open, ran from the open to the high of 10.98 in 36 minutes through 3 halts, then gave back 159% of that move by 4:00 p.m., trading at 7.49.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 8:30 a.m. | News (GlobeNewsWire): Nexalin Technology Signs Definitive Exclusive Distribution and Local Manufacturing Agreement for Brazil and South America, Marking a Major Step in its Transition Toward Commercial Revenue Generation | |
| 8:30 a.m. | First trade 20% above the previous close of 4.21 | |
| 8:35 a.m. | Volume since 4:00 a.m. passes the whole float, 711,991 shares | |
| 9:27 a.m. | Pre-market high, 9.09 | |
| 9:30 a.m. | The open: 8.79, up 108.8% from the previous close | |
| 9:35 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:40 a.m. | |
| 9:45 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 9:55 a.m. | |
| 9:56 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:06 a.m. | |
| 10:06 a.m. | High of the day to the close, 10.98 | |
| 10:06 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:16 a.m. | |
| 10:24 a.m. | Halted: LULD pause (limit up-limit down). Trading resumes at 10:29 a.m. | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, 7.49, 31.8% 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 less than a minute after the latest news item before it (GlobeNewsWire, 8:30 a.m.).
- Volume, from the one-minute bars: 10.31 million shares before the 9:30 a.m. open (37%), 3.51 million in the first 30 minutes (13%), and 13.78 million in the rest of the day to 8 p.m. (50%).
- Float rotation, the volume since 4 a.m. against the float of 711,991 shares: past it once at 8:35 a.m., twice at 8:37 a.m., three times at 8:40 a.m.
- The halt at 9:35 a.m.: down 11.0% in the 5 minutes into it, reopened at 7.29, down 3.3% from the last trade before it, then up 8.8% over the next 5 minutes.
- The halt at 9:45 a.m.: up 10.0% in the 5 minutes into it, reopened at 9.00, up 9.1% from the last trade before it, then up 10.0% over the next 5 minutes.
- The halt at 9:56 a.m.: up 20.0% in the 5 minutes into it, reopened at 10.47, up 5.8% from the last trade before it.
- The halt at 10:06 a.m.: down 4.8% in the 5 minutes into it, reopened at 8.34, down 11.5% from the last trade before it, then down 3.2% over the next 5 minutes.
- The halt at 10:24 a.m.: down 9.4% in the 5 minutes into it, reopened at 7.41, up 3.6% from the last trade before it, then down 0.4% over the next 5 minutes.
- In our recaps, this is the only day NXL met the small-cap rule.
Halts
| Halted | Resumed | Length | Reason in the feed |
|---|---|---|---|
| 9:35 a.m. | 9:40 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
| 9:45 a.m. | 9:55 a.m. | 10 min 0 s | LULD pause (limit up-limit down) |
| 9:56 a.m. | 10:06 a.m. | 10 min 0 s | LULD pause (limit up-limit down) |
| 10:06 a.m. | 10:16 a.m. | 10 min 1 s | LULD pause (limit up-limit down) |
| 10:24 a.m. | 10:29 a.m. | 5 min 0 s | LULD pause (limit up-limit down) |
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 NXL on October 1, 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.