The latest close is below the activity area established before the last four weeks. 2 of those four closes were below that area. Recent volume balance is negative; the estimated activity centre is lower.
52 weeks2025-10-17 to 2026-10-09Weekly volume estimate
The relationship beneath price · 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-27.9%-62.6% over thirteen weeks
Latest relative volume0.60×0.66× recent four-week median
Closing pressure-35.1%Volume-weighted position within weekly ranges
Up-week volume share48.5%51.0% in declining weeks · 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
2025-12-26
7.4%
-9.7%
1.30×
2026-01-02
-13.3%
-16.7%
0.33×
2026-01-09
4.1%
-9.6%
0.34×
2026-01-16
8.9%
23.3%
0.24×
2026-01-23
-3.5%
-29.5%
0.27×
2026-01-30
-9.3%
-44.1%
0.61×
2026-02-06
8.6%
-75.5%
25.65×
2026-02-13
38.5%
-70.2%
1.64×
2026-02-20
37.2%
-68.2%
0.63×
2026-02-27
62.9%
-66.9%
0.79×
2026-03-06
29.9%
-6.5%
1.01×
2026-03-13
7.0%
-17.5%
1.22×
2026-03-20
-13.9%
-31.0%
0.58×
2026-03-27
5.3%
-23.7%
0.17×
2026-04-03
0.4%
-31.5%
0.19×
2026-04-10
3.3%
-26.1%
1.37×
2026-04-17
28.3%
-76.0%
8.06×
2026-04-24
62.2%
-32.1%
12.04×
2026-05-01
99.1%
-31.6%
3.09×
2026-05-08
216.7%
-27.4%
2.66×
2026-05-15
266.3%
-3.8%
1.17×
2026-05-22
100.4%
-11.9%
0.79×
2026-05-29
71.1%
-2.6%
0.74×
2026-06-05
135.8%
14.5%
1.63×
2026-06-12
3.2%
-4.0%
1.03×
2026-06-19
103.5%
22.0%
0.77×
2026-06-26
-28.0%
-12.5%
2.74×
2026-07-03
-83.6%
-63.0%
3.16×
2026-07-10
-51.1%
16.6%
570.25×
2026-07-17
-76.4%
9.7%
104.82×
2026-07-24
-56.9%
8.7%
9.14×
2026-07-31
-15.0%
8.9%
4.10×
2026-08-07
-24.6%
-32.0%
127.45×
2026-08-14
-23.1%
-35.8%
2.90×
2026-08-21
8.6%
-36.2%
5.29×
2026-08-28
0.8%
-37.3%
1.82×
2026-09-04
-31.2%
-60.4%
25.93×
2026-09-11
-15.3%
-59.1%
0.70×
2026-09-18
-16.8%
-54.8%
0.58×
2026-09-25
-7.9%
-51.5%
0.62×
2026-10-02
-34.5%
-52.1%
3.64×
2026-10-09
-27.9%
-35.1%
0.60×
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
55% 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: 86% of the way from the weekly low to high.
Volume-weighted return tilt
17.34 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
12.1 / 100
Price direction0.0 / 30
Closing pressure0.0 / 30
Up-week volume12.1 / 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 1.5× its preceding 26-week median; ordinary volume is 0.75–1.25×. Returns start at that week’s 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
5
—
3
—
Limited sample
Advancing weeks
13 weeks
2
—
2
—
Limited sample
Declining weeks
4 weeks
3
—
2
—
Limited sample
Declining weeks
13 weeks
1
—
2
—
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 · 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2026-02-06
2026-03-06
29.9%
High volume
2026-04-17
2026-05-15
266.3%
High volume
2026-06-05
2026-07-03
-83.6%
High volume
2026-07-10
2026-08-07
-24.6%
High volume
2026-08-07
2026-09-04
-31.2%
Ordinary volume
2026-03-06
2026-04-03
0.4%
Ordinary volume
2026-05-15
2026-06-12
3.2%
Ordinary volume
2026-06-19
2026-07-17
-76.4%
Advancing weeks · 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2026-02-06
2026-05-08
330.8%
High volume
2026-05-08
2026-08-07
-53.4%
Ordinary volume
2026-03-06
2026-06-05
681.9%
Ordinary volume
2026-06-19
2026-09-18
-86.2%
Declining weeks · 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2026-06-26
2026-07-24
-56.9%
High volume
2026-07-24
2026-08-21
8.6%
High volume
2026-08-21
2026-09-18
-16.8%
Ordinary volume
2026-02-27
2026-03-27
5.3%
Ordinary volume
2026-05-22
2026-06-19
103.5%
Declining weeks · 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2026-06-26
2026-09-25
-59.0%
Ordinary volume
2026-02-27
2026-05-29
243.7%
Ordinary volume
2026-06-12
2026-09-11
-74.6%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 4.39
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 price6.54
Earlier activity area5.00 – 14.21
Recent volume balance-35.1%
Recent weekly volume1.23×
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
3.61
99975
2025-10-24
3.81
118111
2025-10-31
3.96
939213
2025-11-07
3.86
498956
2025-11-14
4.03
581654
2025-11-21
3.16
800391
2025-11-28
4.04
313619
2025-12-05
4.45
244307
2025-12-12
3.90
288337
2025-12-19
3.60
1371498
2025-12-26
4.34
298261
2026-01-02
3.86
75756
2026-01-09
4.06
72211
2026-01-16
3.92
50711
2026-01-23
4.19
55843
2026-01-30
3.50
107352
2026-02-06
4.41
3614535
2026-02-13
5.43
287072
2026-02-20
5.75
130127
2026-02-27
5.70
143215
2026-03-06
5.73
147287
2026-03-13
5.81
180988
2026-03-20
4.95
95900
2026-03-27
6.00
27450
2026-04-03
5.75
30369
2026-04-10
6.00
199420
2026-04-17
6.35
1322925
2026-04-24
9.73
2290334
2026-05-01
11.45
684565
2026-05-08
19.00
590674
2026-05-15
23.26
260259
2026-05-22
19.50
174726
2026-05-29
19.59
141521
2026-06-05
44.80
289227
2026-06-12
24.00
183153
2026-06-19
39.69
136079
2026-06-26
14.12
440719
2026-07-03
7.33
509319
2026-07-10
11.73
101422884
2026-07-17
9.35
19084379
2026-07-24
6.08
1748727
2026-07-31
6.23
942096
2026-08-07
8.85
34877316
2026-08-14
7.19
793418
2026-08-21
6.60
1453928
2026-08-28
6.28
664901
2026-09-04
6.09
12317156
2026-09-11
6.09
384242
2026-09-18
5.49
320211
2026-09-25
5.78
341948
2026-10-02
3.99
2000592
2026-10-09
4.39
379218
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -51.77% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -27.91% over four weeks. Volume balance is -35.1% on a scale from −100% to +100%.
Volume and price movement
Recent volume is close to its earlier norm
Recent median weekly volume is 1.23× the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
2 of 4 closes below
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
Further closes below 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 · 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
0
—
Too few examples
13 weeks
0
—
Too few examples
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. “Start from a date” 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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