The latest close is above the activity area established before the last four weeks. 4 of those four closes were above that area. Recent volume balance is negative; the estimated activity centre is higher.
52 weeks2025-10-03 to 2026-09-25Weekly volume estimate
The relationship beneath price ยท 2026-09-25
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-5.1%16.0% over thirteen weeks
Latest relative volume0.75ร1.69ร recent four-week median
Closing pressure-42.9%Volume-weighted position within weekly ranges
Up-week volume share46.2%53.8% in declining weeks ยท last 13 weeks
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
2025-10-03
6.3%
10.6%
2.54ร
2025-10-10
-3.9%
-8.9%
0.86ร
2025-10-17
-4.2%
-4.8%
0.53ร
2025-10-24
5.8%
-28.8%
1.13ร
2025-10-31
0.2%
38.0%
3.21ร
2025-11-07
4.7%
46.0%
1.87ร
2025-11-14
3.6%
25.1%
2.41ร
2025-11-21
1.7%
36.4%
1.79ร
2025-11-28
7.8%
9.3%
0.80ร
2025-12-05
14.4%
26.8%
1.47ร
2025-12-12
13.5%
55.7%
1.02ร
2025-12-19
20.8%
69.7%
1.12ร
2025-12-26
11.6%
69.3%
0.57ร
2026-01-02
4.3%
39.9%
0.63ร
2026-01-09
8.0%
37.3%
1.12ร
2026-01-16
-0.1%
-19.2%
1.21ร
2026-01-23
-0.9%
-29.8%
1.41ร
2026-01-30
0.7%
-35.4%
2.72ร
2026-02-06
7.4%
-9.2%
2.47ร
2026-02-13
5.9%
-3.8%
2.13ร
2026-02-20
6.2%
4.5%
0.58ร
2026-02-27
10.3%
33.8%
0.44ร
2026-03-06
-3.7%
-15.5%
0.43ร
2026-03-13
-2.9%
-7.7%
0.42ร
2026-03-20
-4.0%
-41.8%
0.68ร
2026-03-27
-5.4%
-46.9%
0.31ร
2026-04-03
2.4%
-15.9%
0.42ร
2026-04-10
-0.4%
-37.4%
3.25ร
2026-04-17
4.4%
-18.2%
0.36ร
2026-04-24
2.0%
-17.4%
0.31ร
2026-05-01
0.0%
-0.2%
1.01ร
2026-05-08
-3.3%
48.7%
0.70ร
2026-05-15
-4.1%
52.0%
1.08ร
2026-05-22
0.8%
58.4%
1.06ร
2026-05-29
-6.9%
20.5%
0.80ร
2026-06-05
2.7%
-6.7%
2.64ร
2026-06-12
-0.4%
-29.4%
0.17ร
2026-06-19
-7.0%
-64.6%
0.01ร
2026-06-26
3.6%
-52.9%
0.82ร
2026-07-03
8.7%
-13.8%
0.04ร
2026-07-10
7.1%
0.1%
0.01ร
2026-07-17
16.3%
-43.8%
1.03ร
2026-07-24
13.3%
-58.2%
0.24ร
2026-07-31
11.0%
-36.1%
0.27ร
2026-08-07
13.4%
-27.5%
0.17ร
2026-08-14
4.9%
49.4%
0.11ร
2026-08-21
7.8%
69.6%
0.35ร
2026-08-28
3.5%
-30.4%
2.71ร
2026-09-04
3.5%
-64.7%
3.52ร
2026-09-11
0.8%
-69.5%
1.32ร
2026-09-18
-6.2%
-57.8%
1.83ร
2026-09-25
-5.1%
-42.9%
0.75ร
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
67% 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: 99% of the way from the weekly low to high.
Volume-weighted return tilt
-0.90 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
26.5 / 100
Price direction15.0 / 30
Closing pressure0.0 / 30
Up-week volume11.5 / 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
34
2.4%
27
0.3%
2.1 points
Advancing weeks
13 weeks
16
13.1%
14
12.6%
0.5 points
Declining weeks
4 weeks
30
6.4%
19
3.6%
2.8 points
Declining weeks
13 weeks
15
15.1%
11
9.9%
5.1 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
2021-04-09
2021-05-07
7.4%
High volume
2021-05-07
2021-06-04
6.6%
High volume
2021-07-02
2021-07-30
6.5%
High volume
2021-07-30
2021-08-27
-3.5%
High volume
2021-09-10
2021-10-08
-5.7%
High volume
2021-10-22
2021-11-19
9.5%
High volume
2021-12-03
2021-12-31
1.2%
High volume
2022-03-18
2022-04-15
6.5%
High volume
2022-07-01
2022-07-29
10.1%
High volume
2022-08-12
2022-09-09
-8.5%
High volume
2022-09-16
2022-10-14
2.4%
High volume
2022-10-14
2022-11-11
5.8%
High volume
2022-12-09
2023-01-06
-9.0%
High volume
2023-04-21
2023-05-19
1.6%
High volume
2023-06-23
2023-07-21
2.3%
High volume
2023-08-18
2023-09-15
-5.2%
High volume
2023-09-29
2023-10-27
-8.1%
High volume
2023-12-08
2024-01-05
18.3%
High volume
2024-01-05
2024-02-02
4.7%
High volume
2024-02-23
2024-03-22
-0.9%
High volume
2024-05-24
2024-06-21
3.8%
High volume
2024-06-28
2024-07-26
17.9%
High volume
2024-07-26
2024-08-23
-6.3%
High volume
2024-11-15
2024-12-13
-5.4%
High volume
2025-02-21
2025-03-21
15.2%
High volume
2025-03-21
2025-04-18
-26.6%
High volume
2025-05-16
2025-06-13
8.1%
High volume
2025-06-13
2025-07-11
0.6%
High volume
2025-07-11
2025-08-08
2.9%
High volume
2025-10-03
2025-10-31
0.2%
High volume
2025-10-31
2025-11-28
7.8%
High volume
2026-02-06
2026-03-06
-3.7%
High volume
2026-06-05
2026-07-03
8.7%
High volume
2026-08-28
2026-09-25
-5.1%
Ordinary volume
2021-06-04
2021-07-02
6.6%
Ordinary volume
2021-09-24
2021-10-22
-0.7%
Ordinary volume
2021-10-29
2021-11-26
-1.4%
Ordinary volume
2022-01-07
2022-02-04
8.6%
Ordinary volume
2022-02-11
2022-03-11
-8.6%
Ordinary volume
2022-08-19
2022-09-16
-4.5%
Ordinary volume
2022-10-28
2022-11-25
11.0%
Ordinary volume
2023-01-13
2023-02-10
6.9%
Ordinary volume
2023-03-17
2023-04-14
4.8%
Ordinary volume
2023-06-02
2023-06-30
0.3%
Ordinary volume
2023-07-14
2023-08-11
9.3%
Ordinary volume
2023-11-24
2023-12-22
-2.5%
Ordinary volume
2024-01-19
2024-02-16
-15.3%
Ordinary volume
2024-03-22
2024-04-19
-7.3%
Ordinary volume
2024-05-03
2024-05-31
3.5%
Ordinary volume
2024-08-16
2024-09-13
-3.5%
Ordinary volume
2024-09-27
2024-10-25
-3.7%
Ordinary volume
2025-01-17
2025-02-14
-2.9%
Ordinary volume
2025-03-07
2025-04-04
-1.0%
Ordinary volume
2025-05-30
2025-06-27
-4.3%
Ordinary volume
2025-06-27
2025-07-25
12.4%
Ordinary volume
2025-08-22
2025-09-19
10.8%
Ordinary volume
2025-10-24
2025-11-21
1.7%
Ordinary volume
2025-11-28
2025-12-26
11.6%
Ordinary volume
2026-01-09
2026-02-06
7.4%
Ordinary volume
2026-05-01
2026-05-29
-6.9%
Ordinary volume
2026-06-26
2026-07-24
13.3%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-09
2021-07-09
20.9%
High volume
2021-07-16
2021-10-15
-4.2%
High volume
2021-10-22
2022-01-21
24.3%
High volume
2022-03-18
2022-06-17
26.8%
High volume
2022-07-01
2022-09-30
13.4%
High volume
2022-10-14
2023-01-13
12.8%
High volume
2023-04-21
2023-07-21
7.8%
High volume
2023-08-18
2023-11-17
-2.9%
High volume
2023-12-08
2024-03-08
12.5%
High volume
2024-05-24
2024-08-23
22.3%
High volume
2024-11-15
2025-02-14
2.2%
High volume
2025-02-21
2025-05-23
-19.8%
High volume
2025-06-13
2025-09-12
15.5%
High volume
2025-10-03
2026-01-02
18.4%
High volume
2026-02-06
2026-05-08
-9.5%
High volume
2026-06-05
2026-09-04
23.7%
Ordinary volume
2021-06-04
2021-09-03
7.5%
Ordinary volume
2021-09-24
2021-12-24
9.9%
Ordinary volume
2022-01-07
2022-04-08
12.2%
Ordinary volume
2022-08-19
2022-11-18
13.9%
Ordinary volume
2023-01-13
2023-04-14
13.0%
Ordinary volume
2023-06-02
2023-09-01
46.8%
Ordinary volume
2023-11-24
2024-02-23
13.2%
Ordinary volume
2024-03-22
2024-06-21
-7.1%
Ordinary volume
2024-08-16
2024-11-15
-0.2%
Ordinary volume
2025-01-17
2025-04-18
-14.0%
Ordinary volume
2025-05-30
2025-08-29
9.9%
Ordinary volume
2025-08-29
2025-11-28
17.1%
Ordinary volume
2025-11-28
2026-02-27
21.7%
Ordinary volume
2026-05-01
2026-07-31
13.8%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-30
2021-05-28
10.3%
High volume
2021-08-13
2021-09-10
-0.2%
High volume
2021-10-01
2021-10-29
6.6%
High volume
2022-02-04
2022-03-04
-2.0%
High volume
2022-04-01
2022-04-29
12.0%
High volume
2022-05-20
2022-06-17
8.9%
High volume
2022-07-15
2022-08-12
-4.8%
High volume
2022-08-26
2022-09-23
5.3%
High volume
2022-09-30
2022-10-28
6.2%
High volume
2023-02-24
2023-03-24
1.8%
High volume
2023-03-24
2023-04-21
22.3%
High volume
2023-04-28
2023-05-26
6.9%
High volume
2023-05-26
2023-06-23
4.7%
High volume
2023-07-28
2023-08-25
43.0%
High volume
2023-09-08
2023-10-06
9.9%
High volume
2023-12-01
2023-12-29
9.2%
High volume
2024-01-12
2024-02-09
11.2%
High volume
2024-02-09
2024-03-08
-7.7%
High volume
2024-03-15
2024-04-12
-9.8%
High volume
2024-04-26
2024-05-24
4.2%
High volume
2024-06-14
2024-07-12
10.6%
High volume
2024-07-19
2024-08-16
12.3%
High volume
2025-04-11
2025-05-09
-20.7%
High volume
2025-05-09
2025-06-06
8.1%
High volume
2025-06-06
2025-07-04
0.3%
High volume
2025-08-01
2025-08-29
5.7%
High volume
2025-09-26
2025-10-24
5.8%
High volume
2025-11-07
2025-12-05
14.4%
High volume
2026-01-30
2026-02-27
10.3%
High volume
2026-04-10
2026-05-08
-3.3%
Ordinary volume
2021-05-28
2021-06-25
4.2%
Ordinary volume
2021-08-06
2021-09-03
-3.5%
Ordinary volume
2022-09-02
2022-09-30
10.3%
Ordinary volume
2022-10-21
2022-11-18
18.1%
Ordinary volume
2022-12-16
2023-01-13
2.0%
Ordinary volume
2023-06-30
2023-07-28
2.8%
Ordinary volume
2023-09-15
2023-10-13
24.9%
Ordinary volume
2024-03-01
2024-03-29
4.6%
Ordinary volume
2024-04-12
2024-05-10
-4.4%
Ordinary volume
2024-10-11
2024-11-08
1.6%
Ordinary volume
2024-11-08
2024-12-06
1.1%
Ordinary volume
2025-01-03
2025-01-31
3.6%
Ordinary volume
2025-02-07
2025-03-07
10.0%
Ordinary volume
2025-03-14
2025-04-11
-7.4%
Ordinary volume
2025-04-25
2025-05-23
-4.8%
Ordinary volume
2025-05-23
2025-06-20
0.4%
Ordinary volume
2025-10-10
2025-11-07
4.7%
Ordinary volume
2026-01-16
2026-02-13
5.9%
Ordinary volume
2026-05-29
2026-06-26
3.6%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-30
2021-07-30
25.2%
High volume
2021-08-13
2021-11-12
7.5%
High volume
2022-02-04
2022-05-06
9.1%
High volume
2022-05-20
2022-08-19
41.6%
High volume
2022-08-26
2022-11-25
23.8%
High volume
2023-02-24
2023-05-26
25.3%
High volume
2023-05-26
2023-08-25
48.8%
High volume
2023-09-08
2023-12-08
12.3%
High volume
2023-12-22
2024-03-22
15.1%
High volume
2024-04-26
2024-07-26
36.0%
High volume
2024-08-02
2024-11-01
-0.8%
High volume
2025-04-11
2025-07-11
-11.9%
High volume
2025-08-01
2025-10-31
14.8%
High volume
2025-11-07
2026-02-06
33.7%
High volume
2026-02-13
2026-05-15
-5.2%
Ordinary volume
2021-05-28
2021-08-27
9.6%
Ordinary volume
2022-09-02
2022-12-02
32.5%
Ordinary volume
2022-12-16
2023-03-17
9.9%
Ordinary volume
2023-06-30
2023-09-29
45.8%
Ordinary volume
2024-03-01
2024-05-31
-7.6%
Ordinary volume
2024-10-11
2025-01-10
8.3%
Ordinary volume
2025-02-07
2025-05-09
-21.1%
Ordinary volume
2025-05-23
2025-08-22
16.4%
Ordinary volume
2025-10-10
2026-01-09
30.3%
Ordinary volume
2026-01-16
2026-04-17
4.7%
Ordinary volume
2026-05-29
2026-08-28
26.6%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 33,840.00
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 price28,607.63
Earlier activity area23,546.43 โ 30,953.23
Recent volume balance-42.9%
Recent weekly volume1.04ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
23,109.66
8977
2025-10-10
21,919.68
3238
2025-10-17
22,479.67
1872
2025-10-24
22,829.66
4002
2025-10-31
23,159.66
12075
2025-11-07
22,939.66
7291
2025-11-14
23,289.66
9603
2025-11-21
23,219.66
7136
2025-11-28
24,959.63
3289
2025-12-05
26,239.62
6025
2025-12-12
26,439.61
4196
2025-12-19
28,059.59
4573
2025-12-26
27,859.59
2350
2026-01-02
27,359.81
2563
2026-01-09
28,559.80
4605
2026-01-16
28,039.80
4962
2026-01-23
27,599.80
6187
2026-01-30
27,539.80
11942
2026-02-06
30,679.78
10834
2026-02-13
29,699.79
9358
2026-02-20
29,299.79
2660
2026-02-27
30,379.79
2033
2026-03-06
29,559.79
1952
2026-03-13
28,839.79
1926
2026-03-20
28,119.80
3117
2026-03-27
28,739.80
1437
2026-04-03
30,260.00
1858
2026-04-10
28,720.00
13340
2026-04-17
29,360.00
1593
2026-04-24
29,300.00
1365
2026-05-01
30,259.79
4409
2026-05-08
27,779.80
3017
2026-05-15
28,159.80
4040
2026-05-22
29,519.79
3873
2026-05-29
28,159.80
2878
2026-06-05
28,515.55
9237
2026-06-12
28,062.22
591
2026-06-19
27,464.97
38
2026-06-26
29,168.99
2407
2026-07-03
31,000.00
126
2026-07-10
30,060.00
42
2026-07-17
31,940.00
2846
2026-07-24
33,040.00
654
2026-07-31
34,420.00
695
2026-08-07
34,100.00
371
2026-08-14
33,500.00
219
2026-08-21
35,620.00
685
2026-08-28
35,640.00
5130
2026-09-04
35,280.00
6658
2026-09-11
33,780.00
2501
2026-09-18
33,400.00
3895
2026-09-25
33,840.00
1603
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +27.23% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -5.05% over four weeks. Volume balance is -42.9% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is close to its earlier norm
Recent median weekly volume is 1.04ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
4 of 4 closes above
Price was above 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
Further closes above the earlier area would show that price is staying outside it. Compare them with the direction of recent volume balance.
Returning inside
A close back inside the earlier area would weaken the move outside it. Check whether the return lasts more than one week.
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
23
3.06
Available
13 weeks
10
8.61
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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