The latest close is inside the activity area established before the last four weeks. 1 of those four closes were inside that area. Recent volume balance is negative; 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 move-3.2%7.4% over thirteen weeks
Latest relative volume0.37ร0.35ร recent four-week median
Closing pressure-27.5%Volume-weighted position within weekly ranges
Up-week volume share73.8%26.2% 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
-5.3%
-76.5%
0.75ร
2025-10-24
2.1%
1.9%
3.37ร
2025-10-31
4.1%
-7.6%
2.23ร
2025-11-07
7.0%
7.0%
1.45ร
2025-11-14
9.3%
24.4%
0.89ร
2025-11-21
3.0%
12.3%
1.34ร
2025-11-28
4.6%
51.6%
1.03ร
2025-12-05
5.7%
70.8%
1.20ร
2025-12-12
12.5%
72.7%
2.38ร
2025-12-19
9.4%
-3.1%
3.22ร
2025-12-26
6.8%
-11.0%
0.96ร
2026-01-02
3.0%
-27.8%
1.26ร
2026-01-09
-3.0%
-49.9%
1.91ร
2026-01-16
1.2%
3.1%
1.68ร
2026-01-23
5.2%
8.4%
1.28ร
2026-01-30
14.8%
43.5%
2.11ร
2026-02-06
20.7%
57.3%
3.31ร
2026-02-13
17.9%
57.9%
2.35ร
2026-02-20
14.8%
50.5%
1.32ร
2026-02-27
4.4%
8.3%
2.81ร
2026-03-06
-3.9%
-22.2%
2.10ร
2026-03-13
-3.2%
-36.7%
1.78ร
2026-03-20
-3.3%
-29.3%
2.09ร
2026-03-27
2.2%
-4.4%
2.31ร
2026-04-03
6.5%
10.4%
1.69ร
2026-04-10
9.9%
22.8%
2.53ร
2026-04-17
7.3%
13.1%
2.34ร
2026-04-24
1.6%
-14.0%
1.79ร
2026-05-01
1.9%
7.0%
2.60ร
2026-05-08
-2.4%
-4.0%
1.67ร
2026-05-15
-4.0%
-14.5%
1.44ร
2026-05-22
2.6%
16.5%
1.66ร
2026-05-29
-0.6%
-16.1%
0.81ร
2026-06-05
5.1%
13.9%
2.38ร
2026-06-12
11.4%
30.2%
1.90ร
2026-06-19
3.2%
-5.6%
1.83ร
2026-06-26
7.4%
11.0%
3.32ร
2026-07-03
-0.9%
-11.0%
1.24ร
2026-07-10
-3.6%
-6.6%
0.84ร
2026-07-17
0.5%
14.4%
0.64ร
2026-07-24
-1.9%
7.0%
0.84ร
2026-07-31
2.8%
31.1%
0.47ร
2026-08-07
5.9%
31.5%
0.69ร
2026-08-14
5.9%
47.0%
0.48ร
2026-08-21
4.9%
36.2%
0.91ร
2026-08-28
3.3%
28.8%
0.68ร
2026-09-04
4.6%
34.9%
0.61ร
2026-09-11
3.6%
44.3%
0.66ร
2026-09-18
1.2%
24.1%
0.65ร
2026-09-25
1.5%
28.4%
0.38ร
2026-10-02
-0.3%
17.2%
0.37ร
2026-10-09
-3.2%
-27.5%
0.37ร
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
49% 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: 4% of the way from the weekly low to high.
Volume-weighted return tilt
0.12 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
33.5 / 100
Price direction15.0 / 30
Closing pressure0.0 / 30
Up-week volume18.5 / 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
22
-1.9%
31
1.2%
-3.0 points
Advancing weeks
13 weeks
12
2.0%
16
0.4%
1.6 points
Declining weeks
4 weeks
16
0.5%
33
-0.6%
1.1 points
Declining weeks
13 weeks
9
-0.8%
16
2.8%
-3.6 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
2022-01-28
2022-02-25
-2.7%
High volume
2022-03-18
2022-04-15
-1.1%
High volume
2022-05-27
2022-06-24
-1.9%
High volume
2022-11-04
2022-12-02
1.5%
High volume
2022-12-23
2023-01-20
3.8%
High volume
2023-02-17
2023-03-17
-13.6%
High volume
2023-06-09
2023-07-07
-3.6%
High volume
2024-05-10
2024-06-07
-4.2%
High volume
2024-06-28
2024-07-26
5.5%
High volume
2024-09-20
2024-10-18
-4.0%
High volume
2024-11-08
2024-12-06
-4.9%
High volume
2024-12-27
2025-01-24
7.6%
High volume
2025-06-27
2025-07-25
5.1%
High volume
2025-09-19
2025-10-17
-5.3%
High volume
2025-10-24
2025-11-21
3.0%
High volume
2025-12-12
2026-01-09
-3.0%
High volume
2026-01-09
2026-02-06
20.7%
High volume
2026-02-06
2026-03-06
-3.9%
High volume
2026-03-13
2026-04-10
9.9%
High volume
2026-04-10
2026-05-08
-2.4%
High volume
2026-05-22
2026-06-19
3.2%
High volume
2026-06-26
2026-07-24
-1.9%
Ordinary volume
2021-04-23
2021-05-21
1.2%
Ordinary volume
2021-07-30
2021-08-27
-0.4%
Ordinary volume
2021-10-08
2021-11-05
3.3%
Ordinary volume
2022-01-07
2022-02-04
-1.2%
Ordinary volume
2022-04-22
2022-05-20
-6.2%
Ordinary volume
2022-07-22
2022-08-19
1.4%
Ordinary volume
2022-09-09
2022-10-07
-0.2%
Ordinary volume
2022-11-25
2022-12-23
2.0%
Ordinary volume
2023-01-06
2023-02-03
3.4%
Ordinary volume
2023-03-31
2023-04-28
-6.1%
Ordinary volume
2023-05-26
2023-06-23
0.3%
Ordinary volume
2023-07-07
2023-08-04
6.9%
Ordinary volume
2023-09-15
2023-10-13
-13.2%
Ordinary volume
2023-10-27
2023-11-24
17.3%
Ordinary volume
2023-12-01
2023-12-29
11.7%
Ordinary volume
2024-02-16
2024-03-15
12.6%
Ordinary volume
2024-03-15
2024-04-12
-6.3%
Ordinary volume
2024-05-03
2024-05-31
1.1%
Ordinary volume
2024-06-21
2024-07-19
4.9%
Ordinary volume
2024-08-16
2024-09-13
-3.8%
Ordinary volume
2024-09-13
2024-10-11
-4.3%
Ordinary volume
2024-10-11
2024-11-08
3.4%
Ordinary volume
2025-01-17
2025-02-14
6.7%
Ordinary volume
2025-02-28
2025-03-28
-5.7%
Ordinary volume
2025-05-02
2025-05-30
-0.5%
Ordinary volume
2025-07-04
2025-08-01
-3.1%
Ordinary volume
2025-08-08
2025-09-05
10.0%
Ordinary volume
2025-09-05
2025-10-03
-0.6%
Ordinary volume
2025-11-14
2025-12-12
12.5%
Ordinary volume
2026-07-24
2026-08-21
4.9%
Ordinary volume
2026-08-21
2026-09-18
1.2%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2022-01-28
2022-04-29
-3.9%
High volume
2022-05-27
2022-08-26
-1.9%
High volume
2022-11-04
2023-02-03
7.0%
High volume
2023-02-17
2023-05-19
-26.0%
High volume
2023-06-09
2023-09-08
-3.3%
High volume
2024-05-10
2024-08-09
-11.4%
High volume
2024-09-20
2024-12-20
-12.0%
High volume
2024-12-27
2025-03-28
8.5%
High volume
2025-06-27
2025-09-26
17.7%
High volume
2025-10-24
2026-01-23
17.6%
High volume
2026-01-30
2026-05-01
11.8%
High volume
2026-05-01
2026-07-31
5.9%
Ordinary volume
2021-04-23
2021-07-23
-6.6%
Ordinary volume
2021-07-30
2021-10-29
5.9%
Ordinary volume
2022-01-07
2022-04-08
-1.6%
Ordinary volume
2022-04-22
2022-07-22
-8.4%
Ordinary volume
2022-07-22
2022-10-21
2.5%
Ordinary volume
2022-11-25
2023-02-24
7.6%
Ordinary volume
2023-03-31
2023-06-30
-12.1%
Ordinary volume
2023-07-07
2023-10-06
-9.1%
Ordinary volume
2023-10-27
2024-01-26
32.6%
Ordinary volume
2024-02-16
2024-05-17
16.5%
Ordinary volume
2024-05-17
2024-08-16
-7.2%
Ordinary volume
2024-08-16
2024-11-15
-4.3%
Ordinary volume
2025-01-17
2025-04-18
-2.5%
Ordinary volume
2025-05-02
2025-08-01
3.0%
Ordinary volume
2025-08-08
2025-11-07
15.1%
Ordinary volume
2025-11-14
2026-02-13
30.8%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-06-18
2021-07-16
-3.4%
High volume
2021-07-23
2021-08-20
1.5%
High volume
2022-06-17
2022-07-15
-2.1%
High volume
2022-08-26
2022-09-23
-0.1%
High volume
2022-09-23
2022-10-21
1.9%
High volume
2022-11-11
2022-12-09
3.0%
High volume
2022-12-16
2023-01-13
7.4%
High volume
2023-02-24
2023-03-24
-14.7%
High volume
2023-04-28
2023-05-26
-5.8%
High volume
2023-06-23
2023-07-21
7.5%
High volume
2024-08-02
2024-08-30
0.4%
High volume
2024-12-20
2025-01-17
6.0%
High volume
2025-12-19
2026-01-16
1.2%
High volume
2026-02-13
2026-03-13
-3.2%
High volume
2026-04-17
2026-05-15
-4.0%
High volume
2026-06-19
2026-07-17
0.5%
Ordinary volume
2021-05-28
2021-06-25
-2.8%
Ordinary volume
2021-07-16
2021-08-13
1.8%
Ordinary volume
2021-08-13
2021-09-10
-3.9%
Ordinary volume
2021-11-05
2021-12-03
-0.3%
Ordinary volume
2021-12-03
2021-12-31
1.2%
Ordinary volume
2022-01-21
2022-02-18
-1.8%
Ordinary volume
2022-02-25
2022-03-25
3.9%
Ordinary volume
2022-04-01
2022-04-29
-4.6%
Ordinary volume
2022-05-06
2022-06-03
-2.5%
Ordinary volume
2022-06-24
2022-07-22
-0.6%
Ordinary volume
2022-08-05
2022-09-02
-0.9%
Ordinary volume
2022-09-02
2022-09-30
1.1%
Ordinary volume
2023-02-10
2023-03-10
-6.3%
Ordinary volume
2023-04-07
2023-05-05
-8.4%
Ordinary volume
2023-05-12
2023-06-09
6.5%
Ordinary volume
2023-09-22
2023-10-20
-11.5%
Ordinary volume
2023-10-20
2023-11-17
28.6%
Ordinary volume
2023-12-22
2024-01-19
-11.0%
Ordinary volume
2024-02-02
2024-03-01
-5.2%
Ordinary volume
2024-06-14
2024-07-12
3.8%
Ordinary volume
2024-08-09
2024-09-06
-1.4%
Ordinary volume
2024-09-06
2024-10-04
-2.2%
Ordinary volume
2024-10-04
2024-11-01
-4.0%
Ordinary volume
2024-11-22
2024-12-20
-6.7%
Ordinary volume
2025-01-10
2025-02-07
14.0%
Ordinary volume
2025-03-14
2025-04-11
-7.9%
Ordinary volume
2025-04-11
2025-05-09
5.5%
Ordinary volume
2025-06-13
2025-07-11
1.5%
Ordinary volume
2025-07-11
2025-08-08
2.3%
Ordinary volume
2025-09-26
2025-10-24
2.1%
Ordinary volume
2025-12-26
2026-01-23
5.2%
Ordinary volume
2026-05-29
2026-06-26
7.4%
Ordinary volume
2026-07-03
2026-07-31
2.8%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-06-18
2021-09-17
-4.1%
High volume
2022-06-17
2022-09-16
-0.8%
High volume
2022-09-23
2022-12-23
7.1%
High volume
2023-02-24
2023-05-26
-24.3%
High volume
2023-06-23
2023-09-22
-1.9%
High volume
2024-08-02
2024-11-01
-10.2%
High volume
2024-12-20
2025-03-21
7.6%
High volume
2025-12-19
2026-03-20
15.8%
High volume
2026-04-17
2026-07-17
4.2%
Ordinary volume
2021-05-28
2021-08-27
-6.1%
Ordinary volume
2021-11-05
2022-02-04
1.7%
Ordinary volume
2022-02-04
2022-05-06
-3.4%
Ordinary volume
2022-05-06
2022-08-05
-4.0%
Ordinary volume
2022-08-05
2022-11-04
5.3%
Ordinary volume
2023-02-10
2023-05-12
-25.5%
Ordinary volume
2023-05-12
2023-08-11
8.0%
Ordinary volume
2023-09-22
2023-12-22
29.9%
Ordinary volume
2023-12-22
2024-03-22
-8.6%
Ordinary volume
2024-06-14
2024-09-13
-5.3%
Ordinary volume
2024-10-04
2025-01-03
-5.4%
Ordinary volume
2025-01-10
2025-04-11
3.9%
Ordinary volume
2025-04-11
2025-07-11
10.5%
Ordinary volume
2025-07-11
2025-10-10
10.1%
Ordinary volume
2025-12-26
2026-03-27
20.7%
Ordinary volume
2026-05-29
2026-08-28
10.0%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 31.46
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 price28.45
Earlier activity area26.40 โ 31.49
Recent volume balance-27.5%
Recent weekly volume0.48ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
19.10
45721
2025-10-24
20.29
205771
2025-10-31
20.32
139048
2025-11-07
20.54
90226
2025-11-14
20.87
56682
2025-11-21
20.90
85127
2025-11-28
21.25
67719
2025-12-05
21.70
79623
2025-12-12
23.47
159834
2025-12-19
22.87
227475
2025-12-26
22.69
67891
2026-01-02
22.35
85349
2026-01-09
22.76
135494
2026-01-16
23.15
124387
2026-01-23
23.86
98563
2026-01-30
25.65
171478
2026-02-06
27.47
268196
2026-02-13
27.30
197333
2026-02-20
27.37
112471
2026-02-27
26.78
246461
2026-03-06
26.41
198227
2026-03-13
26.43
188204
2026-03-20
26.48
247917
2026-03-27
27.38
273364
2026-04-03
28.12
219879
2026-04-10
29.06
347779
2026-04-17
28.42
350166
2026-04-24
27.82
295729
2026-05-01
28.67
429910
2026-05-08
28.37
299504
2026-05-15
27.28
277663
2026-05-22
28.55
329284
2026-05-29
28.50
168628
2026-06-05
29.81
496899
2026-06-12
30.39
425098
2026-06-19
29.46
434227
2026-06-26
30.62
821200
2026-07-03
29.53
319767
2026-07-10
29.29
228438
2026-07-17
29.62
174471
2026-07-24
30.05
226387
2026-07-31
30.36
126327
2026-08-07
31.01
187299
2026-08-14
31.36
124897
2026-08-21
31.52
237940
2026-08-28
31.36
178449
2026-09-04
32.44
160097
2026-09-11
32.49
172779
2026-09-18
31.91
169373
2026-09-25
31.82
97646
2026-10-02
32.36
87212
2026-10-09
31.46
85605
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +15.02% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -3.17% over four weeks. Volume balance is -27.5% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is below its earlier norm
Recent median weekly volume is 0.48ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
1 of 4 closes inside
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
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
17
-0.48
Available
13 weeks
9
-0.76
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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