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 negative; the estimated activity centre is little changed.
52 weeks2025-10-17 to 2026-10-09Weekly volume estimate
The relationship beneath price ยท 2026-10-09
Volume-supported decline
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move-5.3%-10.7% over thirteen weeks
Latest relative volume2.18ร2.31ร recent four-week median
Closing pressure-19.7%Volume-weighted position within weekly ranges
Up-week volume share26.9%73.1% in declining weeks ยท last 13 weeks
13-week range breakdownAt least twice normal volume
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
0.7%
-1.4%
0.63ร
2025-10-24
2.8%
22.6%
0.61ร
2025-10-31
-2.6%
-41.7%
0.57ร
2025-11-07
-4.9%
-19.5%
1.03ร
2025-11-14
-5.8%
-26.6%
0.73ร
2025-11-21
-7.3%
-31.5%
0.72ร
2025-11-28
-0.7%
2.1%
0.95ร
2025-12-05
5.6%
10.1%
1.20ร
2025-12-12
4.9%
3.3%
0.46ร
2025-12-19
8.1%
16.7%
0.94ร
2025-12-26
2.7%
-10.8%
0.29ร
2026-01-02
0.0%
-21.5%
0.32ร
2026-01-09
2.9%
0.1%
0.89ร
2026-01-16
8.3%
30.2%
0.85ร
2026-01-23
8.9%
17.3%
0.73ร
2026-01-30
2.4%
-1.1%
0.68ร
2026-02-06
-2.8%
-35.0%
1.22ร
2026-02-13
-5.4%
-67.4%
0.59ร
2026-02-20
-5.5%
-47.8%
1.08ร
2026-02-27
5.1%
-16.9%
1.35ร
2026-03-06
0.9%
-20.8%
1.58ร
2026-03-13
-2.9%
10.5%
2.29ร
2026-03-20
-10.3%
-26.5%
2.56ร
2026-03-27
-7.9%
-14.9%
1.30ร
2026-04-03
0.0%
-0.7%
1.13ร
2026-04-10
5.0%
-25.8%
0.93ร
2026-04-17
11.8%
24.4%
1.36ร
2026-04-24
1.5%
-26.4%
1.09ร
2026-05-01
4.7%
-3.7%
0.94ร
2026-05-08
4.8%
31.0%
1.58ร
2026-05-15
7.9%
38.6%
1.48ร
2026-05-22
12.4%
72.8%
0.99ร
2026-05-29
6.6%
47.5%
0.57ร
2026-06-05
0.5%
15.2%
1.55ร
2026-06-12
-0.2%
6.9%
0.16ร
2026-06-19
-2.4%
-32.8%
0.86ร
2026-06-26
1.8%
-5.0%
0.32ร
2026-07-03
5.9%
-20.3%
0.20ร
2026-07-10
-2.2%
-10.3%
0.37ร
2026-07-17
-4.7%
27.1%
0.22ร
2026-07-24
-9.1%
-1.7%
0.51ร
2026-07-31
-8.9%
3.2%
0.32ร
2026-08-07
-3.1%
-4.2%
0.18ร
2026-08-14
-2.2%
-1.8%
0.19ร
2026-08-21
2.3%
-15.0%
0.37ร
2026-08-28
-2.4%
-7.7%
0.25ร
2026-09-04
-1.5%
1.0%
0.29ร
2026-09-11
0.3%
-36.7%
1.56ร
2026-09-18
1.1%
24.4%
2.43ร
2026-09-25
-2.2%
-1.4%
1.62ร
2026-10-02
-3.6%
-22.8%
3.78ร
2026-10-09
-5.3%
-19.7%
2.18ร
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
39% 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: 27% of the way from the weekly low to high.
Volume-weighted return tilt
0.15 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
6.7 / 100
Price direction0.0 / 30
Closing pressure0.0 / 30
Up-week volume6.7 / 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
12
-0.4%
40
0.2%
-0.6 points
Advancing weeks
13 weeks
8
-0.9%
16
3.5%
-4.4 points
Declining weeks
4 weeks
15
1.2%
34
2.0%
-0.8 points
Declining weeks
13 weeks
11
4.0%
16
1.5%
2.5 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
2021-05-14
2021-06-11
2.0%
High volume
2021-07-23
2021-08-20
-12.1%
High volume
2021-08-27
2021-09-24
-8.5%
High volume
2021-09-24
2021-10-22
4.2%
High volume
2021-10-22
2021-11-19
3.0%
High volume
2023-09-01
2023-09-29
6.0%
High volume
2023-10-13
2023-11-10
-1.2%
High volume
2024-07-26
2024-08-23
-2.0%
High volume
2025-01-31
2025-02-28
-9.7%
High volume
2025-07-04
2025-08-01
8.6%
High volume
2025-10-03
2025-10-31
-2.6%
High volume
2026-05-08
2026-06-05
0.5%
Ordinary volume
2021-04-23
2021-05-21
0.0%
Ordinary volume
2021-06-04
2021-07-02
1.9%
Ordinary volume
2021-07-16
2021-08-13
3.4%
Ordinary volume
2021-11-12
2021-12-10
2.2%
Ordinary volume
2021-12-10
2022-01-07
5.6%
Ordinary volume
2022-02-04
2022-03-04
-1.7%
Ordinary volume
2022-03-18
2022-04-15
9.2%
Ordinary volume
2022-04-15
2022-05-13
-8.7%
Ordinary volume
2022-05-20
2022-06-17
-6.0%
Ordinary volume
2022-06-24
2022-07-22
-1.6%
Ordinary volume
2022-07-22
2022-08-19
9.7%
Ordinary volume
2022-09-09
2022-10-07
-5.3%
Ordinary volume
2022-10-14
2022-11-11
1.2%
Ordinary volume
2022-11-18
2022-12-16
4.1%
Ordinary volume
2023-01-20
2023-02-17
-0.6%
Ordinary volume
2023-03-03
2023-03-31
2.4%
Ordinary volume
2023-03-31
2023-04-28
-4.2%
Ordinary volume
2023-05-05
2023-06-02
-5.0%
Ordinary volume
2023-06-09
2023-07-07
-0.7%
Ordinary volume
2023-07-14
2023-08-11
-4.3%
Ordinary volume
2023-08-18
2023-09-15
11.7%
Ordinary volume
2023-11-17
2023-12-15
1.8%
Ordinary volume
2023-12-15
2024-01-12
-4.1%
Ordinary volume
2024-02-02
2024-03-01
-3.7%
Ordinary volume
2024-03-01
2024-03-29
-2.6%
Ordinary volume
2024-04-19
2024-05-17
0.4%
Ordinary volume
2024-08-02
2024-08-30
-4.0%
Ordinary volume
2024-09-27
2024-10-25
-6.5%
Ordinary volume
2024-11-22
2024-12-20
2.8%
Ordinary volume
2025-01-10
2025-02-07
6.6%
Ordinary volume
2025-02-14
2025-03-14
-13.4%
Ordinary volume
2025-05-16
2025-06-13
1.6%
Ordinary volume
2025-06-27
2025-07-25
10.6%
Ordinary volume
2025-07-25
2025-08-22
0.7%
Ordinary volume
2025-08-29
2025-09-26
-4.5%
Ordinary volume
2025-11-28
2025-12-26
2.7%
Ordinary volume
2026-01-09
2026-02-06
-2.8%
Ordinary volume
2026-02-20
2026-03-20
-10.3%
Ordinary volume
2026-04-03
2026-05-01
4.7%
Ordinary volume
2026-05-01
2026-05-29
6.6%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-14
2021-08-13
2.7%
High volume
2021-08-27
2021-11-26
-0.4%
High volume
2023-09-01
2023-12-01
10.4%
High volume
2024-07-26
2024-10-25
-2.0%
High volume
2025-01-31
2025-05-02
-5.9%
High volume
2025-07-04
2025-10-03
11.9%
High volume
2025-10-03
2026-01-02
-1.4%
High volume
2026-05-08
2026-08-07
-2.9%
Ordinary volume
2021-04-23
2021-07-23
9.9%
Ordinary volume
2021-11-12
2022-02-11
13.1%
Ordinary volume
2022-03-18
2022-06-17
-4.7%
Ordinary volume
2022-06-24
2022-09-23
-0.3%
Ordinary volume
2022-10-14
2023-01-13
11.0%
Ordinary volume
2023-01-20
2023-04-21
-0.8%
Ordinary volume
2023-05-05
2023-08-04
-0.9%
Ordinary volume
2023-08-18
2023-11-17
17.2%
Ordinary volume
2023-11-17
2024-02-16
1.2%
Ordinary volume
2024-02-23
2024-05-24
-5.2%
Ordinary volume
2024-08-02
2024-11-01
-1.7%
Ordinary volume
2024-11-22
2025-02-21
5.8%
Ordinary volume
2025-05-16
2025-08-15
17.9%
Ordinary volume
2025-08-29
2025-11-28
-3.3%
Ordinary volume
2025-11-28
2026-02-27
9.8%
Ordinary volume
2026-04-03
2026-07-03
15.6%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-08-20
2021-09-17
-8.2%
High volume
2021-09-17
2021-10-15
3.7%
High volume
2022-01-28
2022-02-25
1.2%
High volume
2022-09-30
2022-10-28
4.3%
High volume
2023-06-02
2023-06-30
4.8%
High volume
2023-10-20
2023-11-17
4.3%
High volume
2024-03-15
2024-04-12
-4.4%
High volume
2024-06-14
2024-07-12
-2.2%
High volume
2024-07-12
2024-08-09
-5.2%
High volume
2025-02-21
2025-03-21
-5.1%
High volume
2025-04-04
2025-05-02
6.3%
High volume
2025-09-26
2025-10-24
2.8%
High volume
2026-03-06
2026-04-03
0.0%
High volume
2026-06-05
2026-07-03
5.9%
High volume
2026-09-11
2026-10-09
-5.3%
Ordinary volume
2021-05-21
2021-06-18
5.1%
Ordinary volume
2021-07-09
2021-08-06
4.9%
Ordinary volume
2021-08-06
2021-09-03
-4.1%
Ordinary volume
2021-10-29
2021-11-26
7.0%
Ordinary volume
2021-12-03
2021-12-31
4.4%
Ordinary volume
2022-01-21
2022-02-18
1.8%
Ordinary volume
2022-02-18
2022-03-18
2.1%
Ordinary volume
2022-04-08
2022-05-06
-0.4%
Ordinary volume
2022-05-13
2022-06-10
1.6%
Ordinary volume
2022-07-08
2022-08-05
9.1%
Ordinary volume
2022-08-26
2022-09-23
-6.7%
Ordinary volume
2022-10-28
2022-11-25
7.2%
Ordinary volume
2022-12-16
2023-01-13
2.8%
Ordinary volume
2023-02-03
2023-03-03
-1.6%
Ordinary volume
2023-03-17
2023-04-14
6.7%
Ordinary volume
2023-04-21
2023-05-19
-2.6%
Ordinary volume
2023-05-26
2023-06-23
0.2%
Ordinary volume
2023-06-23
2023-07-21
4.3%
Ordinary volume
2023-08-04
2023-09-01
2.5%
Ordinary volume
2023-10-06
2023-11-03
0.0%
Ordinary volume
2023-11-24
2023-12-22
4.2%
Ordinary volume
2024-03-08
2024-04-05
-5.4%
Ordinary volume
2024-04-05
2024-05-03
3.2%
Ordinary volume
2024-05-17
2024-06-14
-14.3%
Ordinary volume
2024-08-09
2024-09-06
-9.4%
Ordinary volume
2024-10-04
2024-11-01
-3.8%
Ordinary volume
2024-12-20
2025-01-17
8.8%
Ordinary volume
2025-06-13
2025-07-11
6.8%
Ordinary volume
2025-08-22
2025-09-19
1.1%
Ordinary volume
2025-09-19
2025-10-17
0.7%
Ordinary volume
2025-11-07
2025-12-05
5.6%
Ordinary volume
2026-02-06
2026-03-06
0.9%
Ordinary volume
2026-04-24
2026-05-22
12.4%
Ordinary volume
2026-06-19
2026-07-17
-4.7%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-08-20
2021-11-19
0.1%
High volume
2022-01-28
2022-04-29
17.0%
High volume
2022-09-30
2022-12-30
14.5%
High volume
2023-06-02
2023-09-01
6.9%
High volume
2023-10-20
2024-01-19
6.4%
High volume
2024-03-15
2024-06-14
-16.2%
High volume
2024-06-14
2024-09-13
-8.0%
High volume
2025-02-21
2025-05-23
-0.3%
High volume
2025-09-26
2025-12-26
4.0%
High volume
2026-03-06
2026-06-05
9.2%
High volume
2026-06-05
2026-09-04
-4.8%
Ordinary volume
2021-05-21
2021-08-20
-3.5%
Ordinary volume
2021-10-29
2022-01-28
10.1%
Ordinary volume
2022-02-11
2022-05-13
-0.3%
Ordinary volume
2022-05-13
2022-08-12
3.2%
Ordinary volume
2022-08-26
2022-11-25
2.8%
Ordinary volume
2022-12-16
2023-03-17
-0.5%
Ordinary volume
2023-03-17
2023-06-16
2.9%
Ordinary volume
2023-06-23
2023-09-22
14.8%
Ordinary volume
2023-10-06
2024-01-05
8.7%
Ordinary volume
2024-03-08
2024-06-07
-8.8%
Ordinary volume
2024-08-09
2024-11-08
0.3%
Ordinary volume
2024-12-20
2025-03-21
-2.3%
Ordinary volume
2025-06-13
2025-09-12
12.3%
Ordinary volume
2025-09-12
2025-12-12
-1.0%
Ordinary volume
2026-02-06
2026-05-08
9.7%
Ordinary volume
2026-06-19
2026-09-18
-2.7%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 3.92
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 price4.12
Earlier activity area3.88 โ 4.41
Recent volume balance-19.7%
Recent weekly volume2.03ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
4.04
4018196
2025-10-24
3.99
3880919
2025-10-31
3.96
3617694
2025-11-07
3.80
6355576
2025-11-14
3.81
4569035
2025-11-21
3.70
4520131
2025-11-28
3.94
5959683
2025-12-05
4.01
7534665
2025-12-12
3.99
2989631
2025-12-19
4.00
6062127
2025-12-26
4.04
1820386
2026-01-02
4.01
2038933
2026-01-09
4.11
5455027
2026-01-16
4.33
5195746
2026-01-23
4.40
4361555
2026-01-30
4.11
3863766
2026-02-06
3.99
6497037
2026-02-13
4.10
3129541
2026-02-20
4.16
5609930
2026-02-27
4.32
6995586
2026-03-06
4.03
8222128
2026-03-13
3.98
12214301
2026-03-20
3.73
13642189
2026-03-27
3.98
6925812
2026-04-03
4.03
6031882
2026-04-10
4.18
4978038
2026-04-17
4.17
7233237
2026-04-24
4.04
6055194
2026-05-01
4.22
5459069
2026-05-08
4.38
9113993
2026-05-15
4.50
8570546
2026-05-22
4.54
5944445
2026-05-29
4.50
3421176
2026-06-05
4.40
9259943
2026-06-12
4.49
947728
2026-06-19
4.43
5125887
2026-06-26
4.58
1873663
2026-07-03
4.66
1180287
2026-07-10
4.39
2109433
2026-07-17
4.22
1281099
2026-07-24
4.17
2950382
2026-07-31
4.24
1839064
2026-08-07
4.25
1012393
2026-08-14
4.13
1038768
2026-08-21
4.26
2047230
2026-08-28
4.14
1341138
2026-09-04
4.19
1442954
2026-09-11
4.14
6544866
2026-09-18
4.31
10220356
2026-09-25
4.05
6807155
2026-10-02
4.04
15878277
2026-10-09
3.92
9162337
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Little changed
The recent centre moved -0.99% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -5.31% over four weeks. Volume balance is -19.7% on a scale from โ100% to +100%.
Volume and price movement
More volume, clear price movement
Recent median weekly volume is 2.03ร 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
22
2.24
Available
13 weeks
10
5.97
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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