The latest close is inside the activity area established before the last four weeks. 4 of those four closes were inside that area. Recent volume balance is mixed; the estimated activity centre is little changed.
52 weeks2025-10-17 to 2026-10-09Weekly volume estimate
The relationship beneath price ยท 2026-10-09
Mixed evidence
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move-2.1%-2.1% over thirteen weeks
Latest relative volume2.11ร4.15ร recent four-week median
Closing pressure5.8%Volume-weighted position within weekly ranges
Up-week volume share55.7%44.3% in declining weeks ยท last 13 weeks
At least twice normal volume
Price and pressure through time
Compare four-week returns with four-week closing pressure. Opposite signs reveal disagreement; agreement alone is not predictive.
View weekly evidence values
Week
4-week return
Pressure
Relative volume
2025-10-17
-10.2%
25.2%
1.67ร
2025-10-24
-2.8%
37.3%
0.34ร
2025-10-31
-3.9%
8.6%
0.38ร
2025-11-07
-2.4%
2.3%
0.39ร
2025-11-14
9.7%
82.3%
0.76ร
2025-11-21
-3.8%
19.1%
2.34ร
2025-11-28
-6.9%
6.7%
1.10ร
2025-12-05
-6.8%
4.2%
0.46ร
2025-12-12
-4.6%
4.3%
1.06ร
2025-12-19
3.3%
35.1%
0.69ร
2025-12-26
8.1%
68.3%
0.16ร
2026-01-02
7.3%
73.4%
0.52ร
2026-01-09
5.4%
52.8%
1.50ร
2026-01-16
5.4%
39.1%
2.24ร
2026-01-23
1.9%
35.4%
1.73ร
2026-01-30
1.2%
19.2%
1.93ร
2026-02-06
-0.9%
9.4%
0.79ร
2026-02-13
2.4%
18.6%
0.85ร
2026-02-20
1.5%
1.9%
0.65ร
2026-02-27
4.0%
2.0%
0.47ร
2026-03-06
0.9%
0.1%
0.86ร
2026-03-13
-2.4%
-33.9%
0.49ร
2026-03-20
1.8%
-14.5%
0.19ร
2026-03-27
-4.1%
-12.8%
0.28ร
2026-04-03
-3.9%
-23.6%
0.27ร
2026-04-10
-8.8%
-55.1%
0.69ร
2026-04-17
-2.4%
10.0%
1.44ร
2026-04-24
0.9%
22.3%
0.77ร
2026-05-01
26.5%
61.8%
8.67ร
2026-05-08
27.6%
64.5%
2.03ร
2026-05-15
7.6%
47.1%
0.87ร
2026-05-22
11.0%
52.2%
0.93ร
2026-05-29
-9.5%
16.6%
0.65ร
2026-06-05
-8.6%
7.7%
0.02ร
2026-06-12
-2.0%
66.0%
0.03ร
2026-06-19
-5.8%
19.6%
0.08ร
2026-06-26
-2.8%
8.8%
0.04ร
2026-07-03
-2.3%
-3.3%
0.07ร
2026-07-10
-4.6%
12.9%
0.01ร
2026-07-17
-2.3%
6.8%
0.30ร
2026-07-24
-4.5%
15.3%
0.09ร
2026-07-31
-2.0%
0.9%
0.13ร
2026-08-07
1.8%
0.1%
0.01ร
2026-08-14
0.6%
-6.6%
0.03ร
2026-08-21
2.1%
30.4%
0.63ร
2026-08-28
-0.9%
16.1%
2.40ร
2026-09-04
-3.0%
28.1%
0.54ร
2026-09-11
-1.5%
55.7%
4.39ร
2026-09-18
-1.2%
33.8%
13.86ร
2026-09-25
0.3%
24.7%
3.32ร
2026-10-02
1.5%
29.6%
3.62ร
2026-10-09
-2.1%
5.8%
2.11ร
Does support survive a longer view?
Advancing-week volume share against price return and closing pressure.
A high advancing-volume share alongside weak closing pressure can mean price rose between closes but finished low within its weekly ranges. The two measures answer different questions.
Effort and result
30% price efficiency
Four-week net price movement as a share of the total close-to-close path. Lower readings indicate more back-and-forth movement, regardless of volume.
Latest close: 18% of the way from the weekly low to high.
Volume-weighted return tilt
0.52 percentage points
The volume-weighted average weekly return minus the ordinary average over thirteen weeks. Positive means more volume coincided with stronger returns; negative means volume leaned toward weaker returns.
An association within this listing, not measured capital flow.
Constructive confirmation
15.7 / 100
Price direction0.0 / 30
Closing pressure1.7 / 30
Up-week volume13.9 / 25
Volume confirmation0.0 / 15
Fixed weights favour supported advances. A low score can still contain useful bearish or reversal research.
Test the volume contribution
Did heavier trading change what followed?
Compare high-volume and ordinary-volume weeks with the same price direction.
High volume is at least 1.5ร its preceding 26-week median; ordinary volume is 0.75โ1.25ร. Returns start at that weekโs close. Each group uses non-overlapping completed outcomes.
Starting observation
After
High-volume examples
Median return
Ordinary examples
Median return
Difference
Advancing weeks
4 weeks
28
-0.8%
27
-1.1%
0.3 points
Advancing weeks
13 weeks
14
-3.6%
16
2.3%
-5.9 points
Declining weeks
4 weeks
21
2.0%
24
1.4%
0.5 points
Declining weeks
13 weeks
14
2.0%
12
0.8%
1.2 points
At least eight completed examples in both groups are required. Groups may overlap each other, and differ in volatility, trend and market conditions; their difference is not a causal volume effect or a statistical claim of edge. Up to six years of available history; price returns exclude dividends, costs and execution. Fixed definitions have not been validated out of sample.
Inspect the dated observations
Advancing weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-30
2021-05-28
-6.5%
High volume
2021-07-02
2021-07-30
41.2%
High volume
2021-08-27
2021-09-24
7.0%
High volume
2021-10-15
2021-11-12
8.7%
High volume
2022-01-14
2022-02-11
-14.8%
High volume
2022-05-20
2022-06-17
-0.6%
High volume
2022-07-15
2022-08-12
5.5%
High volume
2022-08-19
2022-09-16
-0.5%
High volume
2022-09-16
2022-10-14
-4.6%
High volume
2022-10-14
2022-11-11
1.4%
High volume
2022-12-09
2023-01-06
-2.5%
High volume
2023-01-27
2023-02-24
-2.5%
High volume
2023-05-12
2023-06-09
-4.4%
High volume
2023-12-01
2023-12-29
-6.2%
High volume
2024-01-12
2024-02-09
-4.9%
High volume
2024-04-05
2024-05-03
1.4%
High volume
2024-05-10
2024-06-07
4.1%
High volume
2024-06-14
2024-07-12
-0.6%
High volume
2024-08-09
2024-09-06
-7.5%
High volume
2024-10-11
2024-11-08
-5.9%
High volume
2024-11-22
2024-12-20
-9.3%
High volume
2025-03-07
2025-04-04
4.0%
High volume
2025-04-04
2025-05-02
11.3%
High volume
2025-05-09
2025-06-06
27.5%
High volume
2025-07-04
2025-08-01
5.0%
High volume
2025-09-12
2025-10-10
-0.9%
High volume
2026-05-01
2026-05-29
-9.5%
High volume
2026-09-11
2026-10-09
-2.1%
Ordinary volume
2021-05-07
2021-06-04
-6.8%
Ordinary volume
2021-06-11
2021-07-09
4.0%
Ordinary volume
2021-08-06
2021-09-03
3.3%
Ordinary volume
2021-10-01
2021-10-29
17.1%
Ordinary volume
2021-11-12
2021-12-10
-12.1%
Ordinary volume
2022-03-11
2022-04-08
-1.5%
Ordinary volume
2022-06-24
2022-07-22
-2.2%
Ordinary volume
2022-08-12
2022-09-09
4.9%
Ordinary volume
2022-09-09
2022-10-07
-6.0%
Ordinary volume
2022-10-21
2022-11-18
-1.1%
Ordinary volume
2023-01-13
2023-02-10
-2.3%
Ordinary volume
2023-03-10
2023-04-07
-0.3%
Ordinary volume
2023-04-07
2023-05-05
-3.9%
Ordinary volume
2023-08-04
2023-09-01
-2.0%
Ordinary volume
2023-09-15
2023-10-13
-1.2%
Ordinary volume
2023-10-13
2023-11-10
-8.8%
Ordinary volume
2024-04-26
2024-05-24
4.4%
Ordinary volume
2024-07-12
2024-08-09
15.0%
Ordinary volume
2024-09-20
2024-10-18
2.2%
Ordinary volume
2024-12-27
2025-01-24
1.2%
Ordinary volume
2025-06-20
2025-07-18
12.4%
Ordinary volume
2025-07-18
2025-08-15
-4.3%
Ordinary volume
2025-08-29
2025-09-26
16.1%
Ordinary volume
2025-11-14
2025-12-12
-4.6%
Ordinary volume
2025-12-12
2026-01-09
5.4%
Ordinary volume
2026-02-06
2026-03-06
0.9%
Ordinary volume
2026-05-22
2026-06-19
-5.8%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-30
2021-07-30
44.6%
High volume
2021-08-27
2021-11-26
22.8%
High volume
2022-01-14
2022-04-15
-29.0%
High volume
2022-05-20
2022-08-19
14.4%
High volume
2022-08-19
2022-11-18
-3.9%
High volume
2022-12-09
2023-03-10
-3.3%
High volume
2023-05-12
2023-08-11
-9.2%
High volume
2023-12-01
2024-03-01
-8.1%
High volume
2024-04-05
2024-07-05
11.0%
High volume
2024-08-09
2024-11-08
-11.9%
High volume
2024-11-22
2025-02-21
-11.6%
High volume
2025-03-07
2025-06-06
58.4%
High volume
2025-07-04
2025-10-03
27.7%
High volume
2026-05-01
2026-07-31
-16.2%
Ordinary volume
2021-05-07
2021-08-06
44.3%
Ordinary volume
2021-08-06
2021-11-05
26.5%
Ordinary volume
2021-11-12
2022-02-11
-29.2%
Ordinary volume
2022-03-11
2022-06-10
3.6%
Ordinary volume
2022-06-24
2022-09-23
4.2%
Ordinary volume
2022-10-21
2023-01-20
1.6%
Ordinary volume
2023-03-10
2023-06-09
-3.6%
Ordinary volume
2023-08-04
2023-11-03
-12.7%
Ordinary volume
2023-11-03
2024-02-02
-4.2%
Ordinary volume
2024-04-26
2024-07-26
9.2%
Ordinary volume
2024-07-26
2024-10-25
-2.5%
Ordinary volume
2024-12-27
2025-03-28
-0.3%
Ordinary volume
2025-06-20
2025-09-19
33.2%
Ordinary volume
2025-11-14
2026-02-13
3.1%
Ordinary volume
2026-02-13
2026-05-15
5.0%
Ordinary volume
2026-05-22
2026-08-21
-5.5%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-07-30
2021-08-27
1.2%
High volume
2022-02-04
2022-03-04
-18.6%
High volume
2022-06-03
2022-07-01
-0.3%
High volume
2022-08-05
2022-09-02
4.5%
High volume
2022-11-11
2022-12-09
6.7%
High volume
2023-01-06
2023-02-03
3.3%
High volume
2023-02-10
2023-03-10
0.8%
High volume
2023-09-08
2023-10-06
-4.1%
High volume
2023-10-27
2023-11-24
0.0%
High volume
2023-12-29
2024-01-26
3.1%
High volume
2024-03-29
2024-04-26
10.2%
High volume
2024-08-16
2024-09-13
-10.4%
High volume
2024-10-25
2024-11-22
13.5%
High volume
2025-02-14
2025-03-14
5.1%
High volume
2025-04-18
2025-05-16
21.8%
High volume
2025-06-06
2025-07-04
2.0%
High volume
2025-10-17
2025-11-14
9.7%
High volume
2025-11-21
2025-12-19
3.3%
High volume
2026-01-23
2026-02-20
1.5%
High volume
2026-05-08
2026-06-05
-8.6%
High volume
2026-08-28
2026-09-25
0.3%
Ordinary volume
2021-04-23
2021-05-21
12.5%
Ordinary volume
2021-05-21
2021-06-18
3.0%
Ordinary volume
2021-07-09
2021-08-06
48.3%
Ordinary volume
2021-08-20
2021-09-17
17.0%
Ordinary volume
2021-09-24
2021-10-22
19.1%
Ordinary volume
2021-11-05
2021-12-03
-5.2%
Ordinary volume
2021-12-10
2022-01-07
-8.3%
Ordinary volume
2022-01-07
2022-02-04
-10.3%
Ordinary volume
2022-02-25
2022-03-25
-5.7%
Ordinary volume
2022-06-17
2022-07-15
2.4%
Ordinary volume
2022-09-02
2022-09-30
-0.5%
Ordinary volume
2022-12-16
2023-01-13
1.6%
Ordinary volume
2023-01-20
2023-02-17
1.3%
Ordinary volume
2023-02-24
2023-03-24
0.0%
Ordinary volume
2023-04-14
2023-05-12
2.6%
Ordinary volume
2023-06-02
2023-06-30
-4.5%
Ordinary volume
2023-08-11
2023-09-08
-4.0%
Ordinary volume
2024-01-05
2024-02-02
3.5%
Ordinary volume
2024-03-01
2024-03-29
-5.7%
Ordinary volume
2024-05-03
2024-05-31
7.7%
Ordinary volume
2025-09-26
2025-10-24
-2.8%
Ordinary volume
2025-11-28
2025-12-26
8.1%
Ordinary volume
2026-03-06
2026-04-03
-3.9%
Ordinary volume
2026-04-24
2026-05-22
11.0%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-07-30
2021-10-29
30.8%
High volume
2022-02-04
2022-05-06
-21.1%
High volume
2022-06-03
2022-09-02
4.8%
High volume
2022-11-11
2023-02-10
2.4%
High volume
2023-02-10
2023-05-12
1.6%
High volume
2023-09-08
2023-12-08
-11.8%
High volume
2023-12-29
2024-03-29
-7.6%
High volume
2024-03-29
2024-06-28
24.1%
High volume
2024-08-16
2024-11-15
-14.6%
High volume
2025-02-14
2025-05-16
53.7%
High volume
2025-06-06
2025-09-05
14.9%
High volume
2025-10-17
2026-01-16
10.4%
High volume
2026-01-23
2026-04-24
0.3%
High volume
2026-05-08
2026-08-07
-12.0%
Ordinary volume
2021-04-23
2021-07-23
83.8%
Ordinary volume
2021-08-20
2021-11-19
29.1%
Ordinary volume
2021-11-26
2022-02-25
-33.7%
Ordinary volume
2022-02-25
2022-05-27
2.6%
Ordinary volume
2022-06-17
2022-09-16
14.5%
Ordinary volume
2022-12-16
2023-03-17
-1.3%
Ordinary volume
2023-04-14
2023-07-14
-5.3%
Ordinary volume
2023-08-11
2023-11-10
-12.4%
Ordinary volume
2024-01-05
2024-04-05
-2.1%
Ordinary volume
2024-05-03
2024-08-02
13.0%
Ordinary volume
2025-09-26
2025-12-26
-0.9%
Ordinary volume
2026-03-06
2026-06-05
6.4%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 6.50
Weekly priceEstimated volume at priceMost active priceEarlier activity areaEstimated volume balance
Move over the chart, tap a week, or use the arrow keys to inspect it. The profile estimates where volume sits within weekly price ranges. The lower chart accumulates volume weighted by where each week closed in its range; its starting point changes with the selected period. This is not trade-based CVD.
Most active price6.65
Earlier activity area5.88 โ 6.82
Recent volume balance5.8%
Recent weekly volume1.31ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
5.98
28273
2025-10-24
6.30
6799
2025-10-31
6.38
7551
2025-11-07
6.44
7894
2025-11-14
6.56
12939
2025-11-21
6.06
35392
2025-11-28
5.94
16571
2025-12-05
6.00
6941
2025-12-12
6.26
14369
2025-12-19
6.26
9328
2025-12-26
6.42
2216
2026-01-02
6.44
6887
2026-01-09
6.60
18287
2026-01-16
6.60
27399
2026-01-23
6.54
21177
2026-01-30
6.52
25733
2026-02-06
6.54
11076
2026-02-13
6.76
12016
2026-02-20
6.64
9101
2026-02-27
6.78
6653
2026-03-06
6.60
11779
2026-03-13
6.60
6662
2026-03-20
6.76
2318
2026-03-27
6.50
3333
2026-04-03
6.34
3073
2026-04-10
6.02
7046
2026-04-17
6.60
13308
2026-04-24
6.56
7083
2026-05-01
8.02
79861
2026-05-08
7.68
20736
2026-05-15
7.10
9974
2026-05-22
7.28
9799
2026-05-29
7.26
6412
2026-06-05
7.02
230
2026-06-12
6.96
304
2026-06-19
6.86
743
2026-06-26
7.06
320
2026-07-03
6.86
582
2026-07-10
6.64
86
2026-07-17
6.70
2114
2026-07-24
6.74
633
2026-07-31
6.72
879
2026-08-07
6.76
80
2026-08-14
6.74
170
2026-08-21
6.88
2013
2026-08-28
6.66
6460
2026-09-04
6.56
1444
2026-09-11
6.64
9726
2026-09-18
6.80
30715
2026-09-25
6.68
8613
2026-10-02
6.66
9399
2026-10-09
6.50
8978
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Little changed
The recent centre moved +0.91% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -2.11% over four weeks. Volume balance is +5.8% on a scale from โ100% to +100%.
Volume and price movement
More volume, clear price movement
Recent median weekly volume is 1.31ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
4 of 4 closes inside
Price was inside the earlier area before these four weeks. The earlier boundaries stay fixed for this comparison.
Activity over time
Darker cells show more estimated volume at that price. Use the chart to see where activity has moved. For longer periods, a column combines several weeks.
Volume and price movement
Each dot is a week. Compare weekly volume with the move from open to close.
What to check next
Holding outside the area
Watch which boundary price moves beyond and whether later closes remain outside it.
Returning inside
Price is currently inside the earlier area. Repeated closes here would show that activity remains in the same price range.
Price and volume disagreeing
There is no clear disagreement at present. Check whether volume balance continues to support any further price move.
Same stock ยท Earlier observations
Previous examples
Descriptive history, not a forecast.
Comparisons use the same period length, position relative to the earlier activity area and direction of recent volume balance. Outcomes do not overlap for each following period. At least five examples are needed to show a matched median. The median is the middle result; the all-period median includes earlier periods regardless of their volume reading.
Subsequent price changes
After
Examples
Median change
Sample
4 weeks
15
-0.89
Available
13 weeks
9
-0.52
Available
Returns are close-to-close price changes. Interim lows show the lowest price reached during the period. Dividends, fees and trade execution are not included. The available history contains up to six years of weekly observations.
Compare with other studies
These studies describe different parts of the same market. Check each observation date.
The selected period sets the profile and volume balance starting point. โStart from a dateโ uses the first available week on or after that date. At least 13 consecutive weeks are required.
Compare earlier activity
The earlier activity area contains most of the estimated volume before the last four weeks. The activity centre is the average estimated price, weighted by volume. Compare subsequent closes with its boundaries, then read the volume balance alongside the price move.
Check the data
Volume is reported for the whole week. The distribution within the range and the direction of pressure are estimates. They cannot identify individual trades, investor holdings or institutional buying.
Reports use saved weekly data and refresh when those records change. Missing or invalid weeks restrict the available periods.
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