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 higher.
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 move2.5%0.3% over thirteen weeks
Latest relative volume1.02ร0.80ร recent four-week median
Closing pressure-4.3%Volume-weighted position within weekly ranges
Up-week volume share46.1%53.9% 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
2025-10-17
0.8%
-43.2%
2.85ร
2025-10-24
4.0%
-38.0%
1.25ร
2025-10-31
4.3%
-46.2%
1.05ร
2025-11-07
-0.2%
-26.1%
1.05ร
2025-11-14
-9.5%
-50.7%
3.11ร
2025-11-21
-16.5%
-57.2%
1.82ร
2025-11-28
-8.3%
-38.4%
0.78ร
2025-12-05
-2.2%
-38.3%
0.63ร
2025-12-12
3.3%
-6.3%
0.73ร
2025-12-19
12.7%
26.1%
0.70ร
2025-12-26
5.0%
0.9%
0.33ร
2026-01-02
5.9%
0.2%
0.49ร
2026-01-09
1.4%
-38.9%
0.83ร
2026-01-16
-1.3%
-66.6%
0.63ร
2026-01-23
2.0%
-30.4%
0.68ร
2026-01-30
-4.3%
-37.5%
0.55ร
2026-02-06
-8.0%
-14.0%
1.11ร
2026-02-13
-14.8%
-20.2%
0.78ร
2026-02-20
-7.0%
-22.8%
0.53ร
2026-02-27
-9.1%
-22.6%
0.55ร
2026-03-06
-11.9%
-41.2%
0.74ร
2026-03-13
-5.3%
-34.1%
0.66ร
2026-03-20
-9.3%
-42.9%
2.01ร
2026-03-27
0.3%
-41.3%
1.44ร
2026-04-03
10.8%
-15.5%
1.58ร
2026-04-10
15.7%
-2.1%
1.07ร
2026-04-17
12.7%
10.5%
1.47ร
2026-04-24
12.1%
46.6%
1.08ร
2026-05-01
6.9%
40.3%
1.16ร
2026-05-08
4.4%
27.9%
1.26ร
2026-05-15
-19.5%
-32.1%
3.09ร
2026-05-22
-12.4%
-14.0%
2.98ร
2026-05-29
-12.3%
-9.9%
1.48ร
2026-06-05
-16.6%
-23.7%
1.82ร
2026-06-12
13.1%
21.9%
1.60ร
2026-06-19
7.8%
2.0%
1.04ร
2026-06-26
7.0%
13.0%
2.87ร
2026-07-03
32.4%
51.2%
3.12ร
2026-07-10
24.0%
52.0%
1.65ร
2026-07-17
13.2%
47.5%
0.81ร
2026-07-24
14.2%
42.7%
1.00ร
2026-07-31
1.3%
28.6%
1.04ร
2026-08-07
-5.2%
-8.7%
0.85ร
2026-08-14
-2.1%
-22.3%
1.51ร
2026-08-21
4.7%
19.3%
2.20ร
2026-08-28
-0.3%
-0.9%
1.11ร
2026-09-04
7.7%
13.9%
1.08ร
2026-09-11
4.9%
29.0%
0.62ร
2026-09-18
-6.3%
-35.8%
0.72ร
2026-09-25
-6.3%
-18.4%
0.82ร
2026-10-02
-11.4%
-32.4%
0.84ร
2026-10-09
2.5%
-4.3%
1.02ร
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
14% 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: 88% of the way from the weekly low to high.
Volume-weighted return tilt
0.96 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
41.5 / 100
Price direction30.0 / 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
21
1.3%
26
0.4%
1.0 points
Advancing weeks
13 weeks
11
-7.6%
12
-12.4%
4.8 points
Declining weeks
4 weeks
17
4.0%
28
-5.8%
9.8 points
Declining weeks
13 weeks
10
-8.3%
14
-6.1%
-2.2 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
2022-03-18
2022-04-15
-21.7%
High volume
2022-05-13
2022-06-10
28.0%
High volume
2022-11-11
2022-12-09
-43.1%
High volume
2022-12-09
2023-01-06
20.6%
High volume
2023-03-17
2023-04-14
-4.9%
High volume
2023-05-19
2023-06-16
-9.1%
High volume
2023-06-16
2023-07-14
6.1%
High volume
2023-08-18
2023-09-15
3.4%
High volume
2024-06-28
2024-07-26
-3.7%
High volume
2024-08-09
2024-09-06
11.3%
High volume
2024-11-15
2024-12-13
18.6%
High volume
2025-05-16
2025-06-13
-12.7%
High volume
2025-06-20
2025-07-18
6.7%
High volume
2025-08-15
2025-09-12
-12.3%
High volume
2025-09-12
2025-10-10
-0.9%
High volume
2025-10-17
2025-11-14
-9.5%
High volume
2025-11-14
2025-12-12
3.3%
High volume
2026-03-20
2026-04-17
12.7%
High volume
2026-05-22
2026-06-19
7.8%
High volume
2026-07-03
2026-07-31
1.3%
High volume
2026-08-21
2026-09-18
-6.3%
Ordinary volume
2021-12-10
2022-01-07
-8.7%
Ordinary volume
2022-01-28
2022-02-25
18.1%
Ordinary volume
2022-06-03
2022-07-01
-10.4%
Ordinary volume
2022-07-08
2022-08-05
14.4%
Ordinary volume
2022-08-05
2022-09-02
-23.3%
Ordinary volume
2022-10-07
2022-11-04
-8.8%
Ordinary volume
2022-12-30
2023-01-27
7.5%
Ordinary volume
2023-03-03
2023-03-31
6.9%
Ordinary volume
2023-04-14
2023-05-12
0.0%
Ordinary volume
2023-05-12
2023-06-09
-15.7%
Ordinary volume
2023-11-03
2023-12-01
-3.1%
Ordinary volume
2023-12-22
2024-01-19
-2.7%
Ordinary volume
2024-02-09
2024-03-08
0.7%
Ordinary volume
2024-03-15
2024-04-12
-10.3%
Ordinary volume
2024-10-11
2024-11-08
-9.6%
Ordinary volume
2024-11-22
2024-12-20
4.9%
Ordinary volume
2025-01-17
2025-02-14
13.4%
Ordinary volume
2025-02-14
2025-03-14
-35.6%
Ordinary volume
2025-05-30
2025-06-27
5.7%
Ordinary volume
2025-08-08
2025-09-05
22.3%
Ordinary volume
2025-11-28
2025-12-26
5.0%
Ordinary volume
2026-01-09
2026-02-06
-8.0%
Ordinary volume
2026-04-10
2026-05-08
4.4%
Ordinary volume
2026-06-19
2026-07-17
13.2%
Ordinary volume
2026-07-24
2026-08-21
4.7%
Ordinary volume
2026-09-04
2026-10-02
-11.4%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2022-03-18
2022-06-17
-28.7%
High volume
2022-11-11
2023-02-10
-29.3%
High volume
2023-03-17
2023-06-16
-12.3%
High volume
2023-06-16
2023-09-15
58.4%
High volume
2024-06-28
2024-09-27
-1.5%
High volume
2024-11-15
2025-02-14
35.4%
High volume
2025-05-16
2025-08-15
39.4%
High volume
2025-08-15
2025-11-14
-12.6%
High volume
2025-11-14
2026-02-13
-12.5%
High volume
2026-03-20
2026-06-19
7.1%
High volume
2026-07-03
2026-10-02
-7.6%
Ordinary volume
2021-12-10
2022-03-11
-28.3%
Ordinary volume
2022-06-03
2022-09-02
-18.5%
Ordinary volume
2022-10-07
2023-01-06
-30.1%
Ordinary volume
2023-01-13
2023-04-14
-14.6%
Ordinary volume
2023-04-14
2023-07-14
-2.2%
Ordinary volume
2023-11-03
2024-02-02
-10.3%
Ordinary volume
2024-02-09
2024-05-10
-21.4%
Ordinary volume
2024-10-11
2025-01-10
20.9%
Ordinary volume
2025-01-17
2025-04-18
-26.3%
Ordinary volume
2025-05-30
2025-08-29
33.2%
Ordinary volume
2025-11-28
2026-02-27
-8.9%
Ordinary volume
2026-04-10
2026-07-10
17.7%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2022-08-26
2022-09-23
-13.6%
High volume
2022-09-30
2022-10-28
7.1%
High volume
2022-11-18
2022-12-16
6.0%
High volume
2023-04-07
2023-05-05
2.6%
High volume
2023-05-26
2023-06-23
6.4%
High volume
2023-11-24
2023-12-22
1.9%
High volume
2024-03-22
2024-04-19
-4.9%
High volume
2024-05-17
2024-06-14
-21.3%
High volume
2024-06-14
2024-07-12
7.0%
High volume
2024-12-20
2025-01-17
2.8%
High volume
2025-02-21
2025-03-21
-25.1%
High volume
2025-08-22
2025-09-19
2.5%
High volume
2025-09-26
2025-10-24
4.0%
High volume
2025-11-21
2025-12-19
12.7%
High volume
2026-05-15
2026-06-12
13.1%
High volume
2026-06-26
2026-07-24
14.2%
High volume
2026-08-14
2026-09-11
4.9%
Ordinary volume
2021-12-17
2022-01-14
-12.9%
Ordinary volume
2022-01-14
2022-02-11
11.1%
Ordinary volume
2022-03-25
2022-04-22
-20.5%
Ordinary volume
2022-04-22
2022-05-20
-2.3%
Ordinary volume
2022-06-10
2022-07-08
3.4%
Ordinary volume
2022-08-12
2022-09-09
-11.4%
Ordinary volume
2022-09-23
2022-10-21
-8.1%
Ordinary volume
2022-11-04
2022-12-02
-37.6%
Ordinary volume
2023-02-17
2023-03-17
-6.5%
Ordinary volume
2023-04-28
2023-05-26
-18.5%
Ordinary volume
2023-06-23
2023-07-21
21.9%
Ordinary volume
2023-09-08
2023-10-06
-12.0%
Ordinary volume
2023-10-20
2023-11-17
4.7%
Ordinary volume
2023-12-08
2024-01-05
4.1%
Ordinary volume
2024-01-19
2024-02-16
-5.2%
Ordinary volume
2024-03-29
2024-04-26
-2.3%
Ordinary volume
2024-05-03
2024-05-31
-35.8%
Ordinary volume
2024-08-02
2024-08-30
24.8%
Ordinary volume
2024-10-18
2024-11-15
13.4%
Ordinary volume
2025-02-07
2025-03-07
-28.9%
Ordinary volume
2025-03-14
2025-04-11
3.1%
Ordinary volume
2025-06-06
2025-07-04
9.2%
Ordinary volume
2025-07-25
2025-08-22
35.0%
Ordinary volume
2025-10-31
2025-11-28
-8.3%
Ordinary volume
2026-02-06
2026-03-06
-11.9%
Ordinary volume
2026-05-01
2026-05-29
-12.3%
Ordinary volume
2026-07-17
2026-08-14
-2.1%
Ordinary volume
2026-08-28
2026-09-25
-6.3%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2022-08-26
2022-11-25
-45.4%
High volume
2022-12-02
2023-03-03
18.5%
High volume
2023-04-07
2023-07-07
-10.4%
High volume
2023-11-24
2024-02-23
-6.1%
High volume
2024-03-22
2024-06-21
-51.1%
High volume
2024-06-21
2024-09-20
9.1%
High volume
2024-12-20
2025-03-21
-17.8%
High volume
2025-08-22
2025-11-21
-13.5%
High volume
2025-11-21
2026-02-20
5.9%
High volume
2026-05-15
2026-08-14
30.9%
Ordinary volume
2021-12-17
2022-03-18
3.7%
Ordinary volume
2022-03-25
2022-06-24
0.7%
Ordinary volume
2022-07-01
2022-09-30
-22.6%
Ordinary volume
2022-10-14
2023-01-13
-16.8%
Ordinary volume
2023-02-17
2023-05-19
-9.8%
Ordinary volume
2023-06-23
2023-09-22
55.4%
Ordinary volume
2023-10-20
2024-01-19
-4.1%
Ordinary volume
2024-01-19
2024-04-19
-15.9%
Ordinary volume
2024-04-19
2024-07-19
-46.1%
Ordinary volume
2024-08-02
2024-11-01
17.5%
Ordinary volume
2025-02-07
2025-05-09
-27.8%
Ordinary volume
2025-06-06
2025-09-05
27.9%
Ordinary volume
2025-10-31
2026-01-30
-8.1%
Ordinary volume
2026-02-06
2026-05-08
4.0%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 15.23
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 price14.41
Earlier activity area12.22 โ 15.24
Recent volume balance-4.3%
Recent weekly volume0.96ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
14.86
16304854
2025-10-24
14.88
8310701
2025-10-31
14.41
8249840
2025-11-07
13.36
8648915
2025-11-14
13.45
25658897
2025-11-21
12.43
14970955
2025-11-28
13.22
6481567
2025-12-05
13.07
5223415
2025-12-12
13.90
6068348
2025-12-19
14.00
5798006
2025-12-26
13.88
2744011
2026-01-02
13.84
4055521
2026-01-09
14.09
6790773
2026-01-16
13.82
5166374
2026-01-23
14.15
5577781
2026-01-30
13.24
4505833
2026-02-06
12.96
9163584
2026-02-13
11.77
6490032
2026-02-20
13.17
4338871
2026-02-27
12.04
4293041
2026-03-06
11.42
5510619
2026-03-13
11.15
4369943
2026-03-20
11.94
13006465
2026-03-27
12.07
9333679
2026-04-03
12.65
10277036
2026-04-10
12.90
6936940
2026-04-17
13.45
9528252
2026-04-24
13.53
6972352
2026-05-01
13.52
7534174
2026-05-08
13.47
8182695
2026-05-15
10.83
20036523
2026-05-22
11.86
19328387
2026-05-29
11.86
9615833
2026-06-05
11.24
12099586
2026-06-12
12.25
10977263
2026-06-19
12.79
7254028
2026-06-26
12.69
20386116
2026-07-03
14.88
23048570
2026-07-10
15.19
12990776
2026-07-17
14.48
7031773
2026-07-24
14.49
8657587
2026-07-31
15.08
9297580
2026-08-07
14.40
7863880
2026-08-14
14.17
13551187
2026-08-21
15.17
20499787
2026-08-28
15.03
10473235
2026-09-04
15.52
10301652
2026-09-11
14.86
6162936
2026-09-18
14.21
7126046
2026-09-25
14.08
7885541
2026-10-02
13.74
8010456
2026-10-09
15.23
9602410
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +6.89% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed +2.49% over four weeks. Volume balance is -4.3% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is close to its earlier norm
Recent median weekly volume is 0.96ร 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
18
3.23
Available
13 weeks
9
-6.06
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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