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-5.2%-2.2% over thirteen weeks
Latest relative volume0.76ร4.00ร recent four-week median
Closing pressure-34.1%Volume-weighted position within weekly ranges
Up-week volume share48.7%51.3% in declining weeks ยท last 13 weeks
13-week range breakdown
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
13.6%
62.7%
9.44ร
2025-10-10
3.1%
39.4%
1.63ร
2025-10-17
2.9%
29.0%
3.20ร
2025-10-24
12.1%
5.4%
2.91ร
2025-10-31
21.6%
51.6%
6.77ร
2025-11-07
28.8%
65.4%
1.59ร
2025-11-14
27.5%
61.9%
1.24ร
2025-11-21
24.5%
72.9%
0.51ร
2025-11-28
13.3%
63.5%
0.29ร
2025-12-05
0.7%
39.7%
0.50ร
2025-12-12
-2.0%
18.8%
0.24ร
2025-12-19
-0.9%
61.7%
3.29ร
2025-12-26
1.7%
67.8%
0.39ร
2026-01-02
5.1%
81.2%
0.13ร
2026-01-09
3.0%
62.8%
0.45ร
2026-01-16
3.6%
8.1%
0.24ร
2026-01-23
-3.3%
-4.7%
0.69ร
2026-01-30
1.1%
-2.9%
0.19ร
2026-02-06
10.1%
56.2%
4.19ร
2026-02-13
0.1%
29.6%
1.57ร
2026-02-20
1.2%
12.9%
1.05ร
2026-02-27
4.7%
21.2%
2.39ร
2026-03-06
-4.6%
-12.6%
0.60ร
2026-03-13
-1.6%
-5.6%
0.77ร
2026-03-20
-5.1%
-16.0%
1.65ร
2026-03-27
-10.3%
-65.4%
0.09ร
2026-04-03
-3.0%
-40.6%
0.80ร
2026-04-10
-0.2%
-33.3%
0.62ร
2026-04-17
1.9%
38.7%
0.06ร
2026-04-24
-0.9%
11.4%
1.10ร
2026-05-01
-7.8%
-19.6%
4.04ร
2026-05-08
-13.6%
-59.7%
5.36ร
2026-05-15
-6.8%
-34.0%
2.36ร
2026-05-22
0.1%
-32.9%
1.06ร
2026-05-29
0.5%
-43.6%
0.68ร
2026-06-05
12.7%
-5.4%
1.57ร
2026-06-12
14.4%
-59.9%
0.29ร
2026-06-19
18.6%
-69.1%
0.02ร
2026-06-26
25.0%
-60.6%
0.09ร
2026-07-03
18.3%
-42.4%
0.40ร
2026-07-10
10.2%
-66.6%
0.01ร
2026-07-17
2.1%
-72.6%
0.00ร
2026-07-24
0.0%
-58.9%
0.02ร
2026-07-31
-1.2%
35.3%
0.01ร
2026-08-07
2.2%
-74.0%
1.94ร
2026-08-14
2.7%
-69.6%
0.05ร
2026-08-21
0.2%
-67.4%
0.07ร
2026-08-28
3.9%
-57.7%
0.41ร
2026-09-04
4.5%
62.8%
3.97ร
2026-09-11
1.2%
-7.4%
4.04ร
2026-09-18
-1.5%
-31.1%
4.18ร
2026-09-25
-5.2%
-34.1%
0.76ร
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
38% 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: 26% of the way from the weekly low to high.
Volume-weighted return tilt
-0.10 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
12.2 / 100
Price direction0.0 / 30
Closing pressure0.0 / 30
Up-week volume12.2 / 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
29
6.2%
19
3.2%
3.0 points
Advancing weeks
13 weeks
15
19.5%
9
10.8%
8.7 points
Declining weeks
4 weeks
23
4.2%
9
5.6%
-1.4 points
Declining weeks
13 weeks
12
โ
6
โ
Limited sample
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
2021-05-07
2021-06-04
1.2%
High volume
2021-06-11
2021-07-09
0.6%
High volume
2021-07-30
2021-08-27
-15.0%
High volume
2021-09-03
2021-10-01
1.5%
High volume
2021-11-05
2021-12-03
-3.1%
High volume
2022-09-16
2022-10-14
6.4%
High volume
2022-10-21
2022-11-18
16.5%
High volume
2022-11-18
2022-12-16
1.5%
High volume
2023-02-03
2023-03-03
-3.2%
High volume
2023-03-10
2023-04-07
13.9%
High volume
2023-04-28
2023-05-26
12.3%
High volume
2023-06-09
2023-07-07
11.6%
High volume
2023-09-29
2023-10-27
11.0%
High volume
2024-01-05
2024-02-02
8.3%
High volume
2024-02-23
2024-03-22
1.4%
High volume
2024-05-24
2024-06-21
13.8%
High volume
2024-12-20
2025-01-17
9.6%
High volume
2025-01-17
2025-02-14
1.5%
High volume
2025-02-21
2025-03-21
9.6%
High volume
2025-03-21
2025-04-18
-5.3%
High volume
2025-06-13
2025-07-11
6.2%
High volume
2025-07-18
2025-08-15
-4.2%
High volume
2025-08-29
2025-09-26
12.0%
High volume
2025-10-03
2025-10-31
21.6%
High volume
2025-10-31
2025-11-28
13.3%
High volume
2025-12-19
2026-01-16
3.6%
High volume
2026-02-06
2026-03-06
-4.6%
High volume
2026-05-15
2026-06-12
14.4%
High volume
2026-08-07
2026-09-04
4.5%
Ordinary volume
2021-05-21
2021-06-18
3.2%
Ordinary volume
2021-06-18
2021-07-16
1.2%
Ordinary volume
2021-08-27
2021-09-24
7.6%
Ordinary volume
2021-09-24
2021-10-22
0.2%
Ordinary volume
2021-10-22
2021-11-19
4.3%
Ordinary volume
2021-12-17
2022-01-14
7.4%
Ordinary volume
2023-04-21
2023-05-19
15.8%
Ordinary volume
2023-06-02
2023-06-30
16.4%
Ordinary volume
2023-08-18
2023-09-15
2.9%
Ordinary volume
2023-09-22
2023-10-20
38.0%
Ordinary volume
2023-11-03
2023-12-01
11.5%
Ordinary volume
2023-12-29
2024-01-26
30.9%
Ordinary volume
2024-07-12
2024-08-09
-2.9%
Ordinary volume
2024-08-30
2024-09-27
-7.7%
Ordinary volume
2024-10-04
2024-11-01
-0.9%
Ordinary volume
2024-11-08
2024-12-06
-6.3%
Ordinary volume
2025-11-14
2025-12-12
-2.0%
Ordinary volume
2026-04-03
2026-05-01
-7.8%
Ordinary volume
2026-05-22
2026-06-19
18.6%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-07
2021-08-06
-2.5%
High volume
2021-08-13
2021-11-12
19.5%
High volume
2021-11-12
2022-02-11
-0.9%
High volume
2022-09-16
2022-12-16
30.0%
High volume
2023-02-03
2023-05-05
32.5%
High volume
2023-05-05
2023-08-04
42.2%
High volume
2023-09-29
2023-12-29
35.0%
High volume
2024-01-05
2024-04-05
-5.3%
High volume
2024-05-24
2024-08-23
18.6%
High volume
2024-12-20
2025-03-21
23.9%
High volume
2025-03-21
2025-06-20
14.2%
High volume
2025-06-27
2025-09-26
12.2%
High volume
2025-10-03
2026-01-02
34.1%
High volume
2026-02-06
2026-05-08
-19.4%
High volume
2026-05-15
2026-08-14
27.1%
Ordinary volume
2021-05-21
2021-08-20
-3.7%
Ordinary volume
2021-08-27
2021-11-26
10.8%
Ordinary volume
2023-04-21
2023-07-21
35.8%
Ordinary volume
2023-08-18
2023-11-17
41.0%
Ordinary volume
2023-12-29
2024-03-29
26.8%
Ordinary volume
2024-07-12
2024-10-11
0.9%
Ordinary volume
2024-11-08
2025-02-07
9.9%
Ordinary volume
2025-11-14
2026-02-13
5.6%
Ordinary volume
2026-04-03
2026-07-03
16.2%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-14
2021-06-11
14.9%
High volume
2021-08-06
2021-09-03
4.2%
High volume
2022-01-14
2022-02-11
0.0%
High volume
2022-08-26
2022-09-23
0.9%
High volume
2022-11-11
2022-12-09
16.0%
High volume
2022-12-16
2023-01-13
2.8%
High volume
2023-03-24
2023-04-21
36.5%
High volume
2023-05-26
2023-06-23
13.9%
High volume
2023-07-21
2023-08-18
27.3%
High volume
2023-09-01
2023-09-29
5.8%
High volume
2023-12-22
2024-01-19
42.5%
High volume
2024-03-08
2024-04-05
-3.4%
High volume
2024-04-05
2024-05-03
-3.1%
High volume
2024-05-03
2024-05-31
11.1%
High volume
2024-06-28
2024-07-26
-2.4%
High volume
2024-11-15
2024-12-13
-5.1%
High volume
2025-01-31
2025-02-28
5.9%
High volume
2025-07-25
2025-08-22
-3.0%
High volume
2025-08-22
2025-09-19
18.6%
High volume
2025-09-26
2025-10-24
12.1%
High volume
2026-02-13
2026-03-13
-1.6%
High volume
2026-03-20
2026-04-17
1.9%
High volume
2026-05-01
2026-05-29
0.5%
Ordinary volume
2021-09-17
2021-10-15
-1.1%
Ordinary volume
2023-03-17
2023-04-14
14.5%
Ordinary volume
2024-04-26
2024-05-24
5.6%
Ordinary volume
2024-06-14
2024-07-12
5.6%
Ordinary volume
2024-12-13
2025-01-10
12.8%
Ordinary volume
2025-06-06
2025-07-04
12.5%
Ordinary volume
2025-08-08
2025-09-05
-1.2%
Ordinary volume
2026-02-20
2026-03-20
-5.1%
Ordinary volume
2026-04-24
2026-05-22
0.1%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-14
2021-08-13
8.7%
High volume
2021-08-20
2021-11-19
12.9%
High volume
2022-08-26
2022-11-25
27.7%
High volume
2022-12-16
2023-03-17
8.0%
High volume
2023-03-24
2023-06-23
76.9%
High volume
2023-07-21
2023-10-20
86.4%
High volume
2023-12-22
2024-03-22
27.3%
High volume
2024-03-29
2024-06-28
9.4%
High volume
2024-06-28
2024-09-27
1.4%
High volume
2024-11-15
2025-02-14
12.3%
High volume
2025-07-25
2025-10-24
24.6%
High volume
2026-02-13
2026-05-15
-10.0%
Ordinary volume
2021-09-17
2021-12-17
7.1%
Ordinary volume
2023-03-17
2023-06-16
63.6%
Ordinary volume
2024-04-26
2024-07-26
15.6%
Ordinary volume
2024-12-13
2025-03-14
23.7%
Ordinary volume
2025-06-06
2025-09-05
12.3%
Ordinary volume
2026-02-20
2026-05-22
-7.8%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 118,925.00
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 price102,874.88
Earlier activity area90,808.17 โ 114,006.19
Recent volume balance-34.1%
Recent weekly volume2.65ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
78,524.74
3925
2025-10-10
77,299.74
895
2025-10-17
80,099.73
1961
2025-10-24
84,299.73
1859
2025-10-31
95,449.69
4598
2025-11-07
99,524.67
1275
2025-11-14
102,149.66
1126
2025-11-21
104,924.66
520
2025-11-28
108,099.65
294
2025-12-05
100,199.67
516
2025-12-12
100,124.67
246
2025-12-19
103,999.66
3325
2025-12-26
109,949.64
467
2026-01-02
105,324.83
159
2026-01-09
103,124.83
543
2026-01-16
107,699.82
284
2026-01-23
106,299.82
826
2026-01-30
106,449.82
231
2026-02-06
113,499.81
4229
2026-02-13
107,824.82
1881
2026-02-20
107,599.82
1262
2026-02-27
111,399.81
3026
2026-03-06
108,274.82
765
2026-03-13
106,149.82
914
2026-03-20
102,074.83
1679
2026-03-27
99,974.84
92
2026-04-03
105,000.00
728
2026-04-10
105,925.00
534
2026-04-17
104,025.00
46
2026-04-24
99,100.00
820
2026-05-01
96,824.87
3014
2026-05-08
91,499.88
4001
2026-05-15
96,999.87
1762
2026-05-22
99,224.87
793
2026-05-29
97,274.87
533
2026-06-05
103,136.87
1223
2026-06-12
110,997.02
235
2026-06-19
117,655.39
14
2026-06-26
121,599.06
73
2026-07-03
122,050.00
308
2026-07-10
122,350.00
8
2026-07-17
120,075.00
3
2026-07-24
121,550.00
15
2026-07-31
120,650.00
8
2026-08-07
125,000.00
1447
2026-08-14
123,300.00
38
2026-08-21
121,800.00
42
2026-08-28
125,400.00
217
2026-09-04
130,600.00
1669
2026-09-11
124,800.00
1698
2026-09-18
120,025.00
1758
2026-09-25
118,925.00
319
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +27.77% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -5.16% over four weeks. Volume balance is -34.1% on a scale from โ100% to +100%.
Volume and price movement
More volume, clear price movement
Recent median weekly volume is 2.65ร 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
14
1.8
Available
13 weeks
8
6.71
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. 5 invalid records were excluded from the available history.
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