Hindsight Markets Recaps Small-cap stocks on October 22, 2026
NCPL, October 22: law-firm notices, a $2.20 wall, and $2.65
NCPL opened up 31% after news, ran to $2.65, then gave back most of the run by the close.
News via Stock News API
What happened
Draft for review. Not published.
Law-firm notices before the open
Class-action notices ran the evening before, at 7:18 and 8:31 p.m. By 7:42 a.m. the stock was moving. It opened the day at $2.05, up 31% from the $1.57 previous close, with 1.04M shares traded before the bell.
The $2.20 wall breaks
An ask wall at $2.20 had been on the book since 7:00 a.m. It peaked at 67K shares, about 1% of the float, at 9:39.
Stop It's 10:15. NCPL is at $2.19. A wall of sellers has sat at $2.20 since 7:00 a.m., and the stock has stayed at or under it so far. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:12 a.m. and stop at 10:15 a.m. ET for your call.
At 10:15:01, 32,874 shares traded at $2.20 in under a second. The wall was gone by 10:15:02, but the minute high was $2.23 and it closed at $2.14.
The high at $2.65
A second ask wall, at $2.50, was eaten at 13:49:04 after buyers swept 43,650 shares through $2.54. The 1:49 p.m. minute hit $2.65, the high of the day, on 232K shares.
The fade
A 104K-share sell sweep at 2:37 p.m. took it from $2.47 to $2.39. It closed the 4:00 p.m. session at $2.22, 16% under the high, on 6.73M regular-session shares, about the size of the float.
What to take from it: On NCPL, the $2.20 wall was eaten at 10:15, yet that minute closed lower at $2.14 and the high of the day came hours later.
Replay NCPL's day
It starts at 10:58 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 11:01 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Gap, run, gave some back. It gapped up 30.6% to $2.05 at the open, ran from the open to the high of $2.65 in 259 minutes, then gave back 72% of that move by 4:00 p.m., trading at $2.22, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| Oct 21, 7:18 p.m. | News (GlobeNewsWire): ROSEN, A LONGSTANDING FIRM, Encourages Netcapital Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - NCPL | |
| Oct 21, 8:31 p.m. | News (Newsfile Corp): ROSEN, A TOP-RANKED LAW FIRM, Encourages Netcapital Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - NCPL | |
| 7:42 a.m. | First trade 20% above the previous close of $1.57 | |
| 8:42 a.m. | Pre-market high, $2.45 | |
| 9:30 a.m. | The open: $2.05, up 30.6% from the previous close | |
| 1:49 p.m. | High of the day to the close, $2.65 | |
| 3:18 p.m. | Volume since 4:00 a.m. passes the whole float, 6.88 million shares | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.22, 16.2% below the high |
The shape's name comes from a fixed rule, not a judgement (how shapes are named). Halts are in the halt table below.
The day in numbers
- Previous close
- $1.57
- Open, 9:30 a.m.
- $2.05
- Gap at the open
- +30.6%
- Pre-market high
- $2.45 at 8:42 a.m.
- High, 4 a.m. to 4 p.m.
- $2.65 at 1:49 p.m.
- Low, 4 a.m. to 4 p.m.
- $1.62
- Close, 4 p.m.
- $2.22
- Change at 4 p.m.
- +41.4%
- After-hours high, 4 p.m. to 8 p.m.
- $2.36 at 4:07 p.m.
- Volume, 4 a.m. to 4 p.m.
- 7.77 million
- Volume after hours, 4 p.m. to 8 p.m.
- 802,311
- Relative volume by 8 p.m.
- 1.5×
- Float
- 6.88 million shares, from filings as of October 22, 2026
- Shares outstanding
- 8.02 million
- From news to the move: the first trade 20% above the previous close came 11 hours 11 minutes after the latest news item before it (Newsfile Corp, Oct 21, 8:31 p.m.).
- Volume, from the one-minute bars: 1.04 million shares before the 9:30 a.m. open (12%), 554,095 in the first 30 minutes (6%), and 6.98 million in the rest of the day to 8 p.m. (81%).
- Float rotation, the volume since 4 a.m. against the float of 6.88 million shares: past it once at 3:18 p.m.
- Other days NCPL met the small-cap rule in our recaps: 18, the latest on October 30, 2026.
On the day's lists: the intraday runners. It is here because it was in play on the intraday runners: up 30% or more on $3 million or more really traded, outside the small-cap rule's price, relative volume or float, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (none)
The exchange's halt feed shows no halts for NCPL that day.
Halt bands that day: the LULD plan's Amendment 18 rules (what that means, LULD calculator).
How we read the data, name a day's shape and pick the stocks: methodology.
Trade this day
Replay NCPL on October 22, 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.