The latest close is below the activity area established before the last four weeks. 3 of those four closes were below that area. Recent volume balance is positive; the estimated activity centre is lower.
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 move1.0%-0.7% over thirteen weeks
Latest relative volume1.01ร1.59ร recent four-week median
Closing pressure27.6%Volume-weighted position within weekly ranges
Up-week volume share72.3%27.7% 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
-1.5%
-18.5%
0.91ร
2025-10-24
-9.6%
-33.9%
1.09ร
2025-10-31
-8.9%
-40.6%
0.96ร
2025-11-07
-4.0%
-22.6%
0.44ร
2025-11-14
-10.7%
-34.0%
0.55ร
2025-11-21
-1.9%
-2.7%
0.61ร
2025-11-28
1.0%
24.6%
0.48ร
2025-12-05
-2.3%
10.9%
0.40ร
2025-12-12
2.2%
26.0%
0.57ร
2025-12-19
-6.2%
-23.1%
1.65ร
2025-12-26
-4.8%
-30.3%
0.36ร
2026-01-02
-4.8%
-32.0%
0.84ร
2026-01-09
-1.2%
-24.8%
1.03ร
2026-01-16
3.3%
30.0%
4.89ร
2026-01-23
2.3%
28.5%
1.54ร
2026-01-30
0.0%
15.0%
3.24ร
2026-02-06
-9.4%
7.6%
1.75ร
2026-02-13
-19.3%
-44.3%
2.97ร
2026-02-20
-22.2%
-50.9%
1.56ร
2026-02-27
-22.3%
-30.9%
2.81ร
2026-03-06
-15.8%
-32.3%
1.26ร
2026-03-13
-0.9%
26.3%
2.00ร
2026-03-20
0.0%
29.9%
0.66ร
2026-03-27
-2.3%
9.4%
1.06ร
2026-04-03
4.2%
36.6%
0.75ร
2026-04-10
-2.2%
-11.8%
0.71ร
2026-04-17
7.9%
7.9%
0.76ร
2026-04-24
16.1%
42.4%
1.00ร
2026-05-01
7.1%
20.9%
1.03ร
2026-05-08
9.8%
33.2%
1.42ร
2026-05-15
-5.9%
4.3%
0.75ร
2026-05-22
-8.5%
-20.4%
0.36ร
2026-05-29
-2.0%
-24.1%
0.34ร
2026-06-05
-10.9%
-73.6%
0.49ร
2026-06-12
-6.3%
-60.3%
0.11ร
2026-06-19
-5.3%
-58.5%
0.15ร
2026-06-26
-10.3%
-90.2%
0.03ร
2026-07-03
-2.3%
-30.9%
0.23ร
2026-07-10
2.7%
0.8%
0.13ร
2026-07-17
4.6%
49.3%
0.16ร
2026-07-24
0.0%
49.2%
0.01ร
2026-07-31
1.7%
45.1%
0.14ร
2026-08-07
3.9%
35.5%
0.12ร
2026-08-14
-4.4%
-13.6%
0.01ร
2026-08-21
0.0%
-29.4%
0.21ร
2026-08-28
-4.2%
-37.1%
0.53ร
2026-09-04
-5.9%
-37.0%
0.83ร
2026-09-11
-1.0%
-17.6%
3.00ร
2026-09-18
2.0%
6.1%
3.18ร
2026-09-25
3.2%
8.8%
1.58ร
2026-10-02
4.7%
21.6%
1.61ร
2026-10-09
1.0%
27.6%
1.01ร
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
9% 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: 44% of the way from the weekly low to high.
Volume-weighted return tilt
0.88 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
56.4 / 100
Price direction15.0 / 30
Closing pressure8.3 / 30
Up-week volume18.1 / 25
Volume confirmation15.0 / 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
23
-1.6%
24
-0.2%
-1.4 points
Advancing weeks
13 weeks
13
-4.5%
14
-1.5%
-3.0 points
Declining weeks
4 weeks
23
3.0%
29
1.0%
1.9 points
Declining weeks
13 weeks
13
5.2%
15
0.0%
5.2 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
2021-04-30
2021-05-28
-18.6%
High volume
2022-03-11
2022-04-08
2.4%
High volume
2022-05-13
2022-06-10
-8.5%
High volume
2022-06-24
2022-07-22
-2.0%
High volume
2022-08-19
2022-09-16
-8.7%
High volume
2023-02-03
2023-03-03
-7.1%
High volume
2023-04-07
2023-05-05
17.6%
High volume
2023-05-05
2023-06-02
-3.5%
High volume
2023-06-23
2023-07-21
-3.4%
High volume
2023-07-28
2023-08-25
6.1%
High volume
2023-09-29
2023-10-27
-1.3%
High volume
2024-02-02
2024-03-01
-4.4%
High volume
2024-04-19
2024-05-17
22.1%
High volume
2024-08-02
2024-08-30
-1.0%
High volume
2024-11-01
2024-11-29
-1.6%
High volume
2025-01-24
2025-02-21
0.4%
High volume
2025-04-11
2025-05-09
21.3%
High volume
2025-05-09
2025-06-06
2.5%
High volume
2025-06-20
2025-07-18
7.9%
High volume
2025-07-18
2025-08-15
-6.9%
High volume
2025-09-26
2025-10-24
-9.6%
High volume
2026-03-13
2026-04-10
-2.2%
High volume
2026-09-11
2026-10-09
1.0%
Ordinary volume
2021-04-23
2021-05-21
-8.3%
Ordinary volume
2021-07-02
2021-07-30
10.9%
Ordinary volume
2021-09-10
2021-10-08
-11.1%
Ordinary volume
2021-10-22
2021-11-19
-4.9%
Ordinary volume
2021-12-10
2022-01-07
1.5%
Ordinary volume
2022-03-25
2022-04-22
10.4%
Ordinary volume
2022-04-22
2022-05-20
-14.9%
Ordinary volume
2022-08-12
2022-09-09
-10.1%
Ordinary volume
2022-10-28
2022-11-25
0.4%
Ordinary volume
2023-01-13
2023-02-10
8.6%
Ordinary volume
2023-04-21
2023-05-19
10.5%
Ordinary volume
2023-05-26
2023-06-23
-0.5%
Ordinary volume
2023-11-10
2023-12-08
6.2%
Ordinary volume
2024-02-16
2024-03-15
-5.8%
Ordinary volume
2024-05-24
2024-06-21
-1.3%
Ordinary volume
2024-07-05
2024-08-02
9.2%
Ordinary volume
2024-11-08
2024-12-06
-3.3%
Ordinary volume
2025-04-18
2025-05-16
23.5%
Ordinary volume
2025-06-13
2025-07-11
13.1%
Ordinary volume
2025-07-11
2025-08-08
-2.7%
Ordinary volume
2025-10-17
2025-11-14
-10.7%
Ordinary volume
2026-01-02
2026-01-30
0.0%
Ordinary volume
2026-04-17
2026-05-15
-5.9%
Ordinary volume
2026-09-04
2026-10-02
4.7%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-30
2021-07-30
-5.0%
High volume
2022-03-11
2022-06-10
-12.7%
High volume
2022-06-24
2022-09-23
8.2%
High volume
2023-02-03
2023-05-05
11.7%
High volume
2023-05-05
2023-08-04
10.0%
High volume
2023-08-04
2023-11-03
-7.1%
High volume
2024-02-02
2024-05-03
-3.5%
High volume
2024-05-03
2024-08-02
11.6%
High volume
2024-08-02
2024-11-01
-7.2%
High volume
2024-11-01
2025-01-31
-4.5%
High volume
2025-04-11
2025-07-11
45.9%
High volume
2025-07-18
2025-10-17
-17.9%
High volume
2026-03-13
2026-06-12
-7.4%
Ordinary volume
2021-04-23
2021-07-23
-14.3%
Ordinary volume
2021-09-10
2021-12-10
-5.7%
Ordinary volume
2021-12-10
2022-03-11
-10.6%
Ordinary volume
2022-03-25
2022-06-24
-16.4%
Ordinary volume
2022-08-12
2022-11-11
-20.8%
Ordinary volume
2023-01-13
2023-04-14
5.0%
Ordinary volume
2023-04-21
2023-07-21
7.7%
Ordinary volume
2023-11-10
2024-02-09
9.4%
Ordinary volume
2024-02-16
2024-05-17
4.7%
Ordinary volume
2024-05-24
2024-08-23
2.7%
Ordinary volume
2024-11-08
2025-02-07
6.4%
Ordinary volume
2025-04-18
2025-07-18
47.1%
Ordinary volume
2025-10-17
2026-01-16
-10.0%
Ordinary volume
2026-04-17
2026-07-17
-5.9%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-10-08
2021-11-05
20.3%
High volume
2022-01-28
2022-02-25
-15.9%
High volume
2022-02-25
2022-03-25
22.1%
High volume
2022-06-17
2022-07-15
11.0%
High volume
2022-12-02
2022-12-30
3.1%
High volume
2023-03-10
2023-04-07
3.3%
High volume
2023-05-12
2023-06-09
-3.0%
High volume
2023-06-16
2023-07-14
3.0%
High volume
2023-08-11
2023-09-08
5.9%
High volume
2023-09-15
2023-10-13
-5.5%
High volume
2023-12-01
2023-12-29
3.7%
High volume
2024-01-19
2024-02-16
2.4%
High volume
2024-04-05
2024-05-03
6.8%
High volume
2024-08-30
2024-09-27
0.3%
High volume
2024-09-27
2024-10-25
-18.0%
High volume
2024-11-29
2024-12-27
-4.1%
High volume
2025-01-17
2025-02-14
12.8%
High volume
2025-05-23
2025-06-20
11.4%
High volume
2025-08-15
2025-09-12
-7.8%
High volume
2025-09-12
2025-10-10
-4.7%
High volume
2025-12-19
2026-01-16
3.3%
High volume
2026-01-16
2026-02-13
-19.3%
High volume
2026-02-13
2026-03-13
-0.9%
Ordinary volume
2021-05-14
2021-06-11
-4.7%
Ordinary volume
2021-07-16
2021-08-13
4.0%
Ordinary volume
2021-08-13
2021-09-10
-10.3%
Ordinary volume
2021-10-01
2021-10-29
17.8%
Ordinary volume
2021-11-26
2021-12-24
1.3%
Ordinary volume
2022-02-18
2022-03-18
4.6%
Ordinary volume
2022-03-18
2022-04-15
8.1%
Ordinary volume
2022-06-03
2022-07-01
-3.9%
Ordinary volume
2022-08-26
2022-09-23
-5.4%
Ordinary volume
2022-09-23
2022-10-21
-12.4%
Ordinary volume
2022-11-04
2022-12-02
1.0%
Ordinary volume
2022-12-30
2023-01-27
8.0%
Ordinary volume
2023-03-17
2023-04-14
4.1%
Ordinary volume
2023-05-19
2023-06-16
-7.6%
Ordinary volume
2023-07-07
2023-08-04
20.2%
Ordinary volume
2023-10-13
2023-11-10
2.4%
Ordinary volume
2023-11-17
2023-12-15
9.7%
Ordinary volume
2023-12-15
2024-01-12
2.8%
Ordinary volume
2024-02-09
2024-03-08
-6.4%
Ordinary volume
2024-06-07
2024-07-05
-3.9%
Ordinary volume
2024-07-26
2024-08-23
9.4%
Ordinary volume
2024-08-23
2024-09-20
0.6%
Ordinary volume
2024-11-22
2024-12-20
-0.4%
Ordinary volume
2025-01-10
2025-02-07
13.1%
Ordinary volume
2025-07-25
2025-08-22
-8.8%
Ordinary volume
2025-09-05
2025-10-03
-10.3%
Ordinary volume
2025-10-24
2025-11-21
-1.9%
Ordinary volume
2026-03-27
2026-04-24
16.1%
Ordinary volume
2026-05-01
2026-05-29
-2.0%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-10-08
2022-01-07
7.7%
High volume
2022-01-28
2022-04-29
5.2%
High volume
2022-06-17
2022-09-16
34.5%
High volume
2022-12-02
2023-03-03
11.3%
High volume
2023-03-10
2023-06-09
16.7%
High volume
2023-06-16
2023-09-15
21.7%
High volume
2023-09-15
2023-12-15
2.4%
High volume
2024-01-19
2024-04-19
-12.2%
High volume
2024-08-30
2024-11-29
-7.8%
High volume
2024-11-29
2025-02-28
0.8%
High volume
2025-05-23
2025-08-22
8.8%
High volume
2025-09-12
2025-12-12
-12.6%
High volume
2025-12-19
2026-03-20
-19.6%
Ordinary volume
2021-05-14
2021-08-13
4.0%
Ordinary volume
2021-08-13
2021-11-12
-6.7%
Ordinary volume
2021-11-26
2022-02-25
-22.3%
Ordinary volume
2022-03-18
2022-06-17
-22.5%
Ordinary volume
2022-08-26
2022-11-25
-13.7%
Ordinary volume
2022-12-30
2023-03-31
3.2%
Ordinary volume
2023-03-31
2023-06-30
24.0%
Ordinary volume
2023-07-07
2023-10-06
16.0%
Ordinary volume
2023-10-13
2024-01-12
11.4%
Ordinary volume
2024-02-09
2024-05-10
10.3%
Ordinary volume
2024-06-07
2024-09-06
0.0%
Ordinary volume
2024-11-22
2025-02-21
-0.9%
Ordinary volume
2025-07-25
2025-10-24
-21.7%
Ordinary volume
2025-10-24
2026-01-23
-4.9%
Ordinary volume
2026-03-27
2026-06-26
0.0%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 0.306
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 price0.3128
Earlier activity area0.3128 โ 0.4341
Recent volume balance27.7%
Recent weekly volume0.66ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
0.45
2770941
2025-10-24
0.426
3309015
2025-10-31
0.412
3085356
2025-11-07
0.43
1425266
2025-11-14
0.402
1712751
2025-11-21
0.418
1832611
2025-11-28
0.416
1384709
2025-12-05
0.42
1117409
2025-12-12
0.411
1564035
2025-12-19
0.392
4562384
2025-12-26
0.396
1008029
2026-01-02
0.40
2333447
2026-01-09
0.406
2836744
2026-01-16
0.405
13519475
2026-01-23
0.405
4261039
2026-01-30
0.40
8954187
2026-02-06
0.368
4917714
2026-02-13
0.327
8334191
2026-02-20
0.315
4380401
2026-02-27
0.311
8330465
2026-03-06
0.31
4036927
2026-03-13
0.324
7215277
2026-03-20
0.315
2365519
2026-03-27
0.304
3814525
2026-04-03
0.323
2656211
2026-04-10
0.317
2262196
2026-04-17
0.34
2250962
2026-04-24
0.353
2952772
2026-05-01
0.346
2989832
2026-05-08
0.348
4096094
2026-05-15
0.32
2240926
2026-05-22
0.323
1066403
2026-05-29
0.339
1001613
2026-06-05
0.31
1445583
2026-06-12
0.30
323778
2026-06-19
0.306
430936
2026-06-26
0.304
75974
2026-07-03
0.303
659505
2026-07-10
0.308
371570
2026-07-17
0.32
453786
2026-07-24
0.304
21632
2026-07-31
0.308
335215
2026-08-07
0.32
271742
2026-08-14
0.306
25411
2026-08-21
0.304
383009
2026-08-28
0.295
667346
2026-09-04
0.301
857285
2026-09-11
0.303
2786916
2026-09-18
0.31
2957289
2026-09-25
0.3045
1465200
2026-10-02
0.315
1498691
2026-10-09
0.306
940035
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -15.78% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed +0.99% over four weeks. Volume balance is +27.6% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is below its earlier norm
Recent median weekly volume is 0.66ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
3 of 4 closes below
Price was below 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 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
8
-3.02
Available
13 weeks
4
โ
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. 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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