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 positive; the estimated activity centre is higher.
52 weeks2025-10-03 to 2026-09-25Weekly volume estimate
The relationship beneath price ยท 2026-09-25
Volume-supported advance
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move2.6%2.8% over thirteen weeks
Latest relative volume6.40ร3.35ร recent four-week median
Closing pressure24.2%Volume-weighted position within weekly ranges
Up-week volume share55.8%44.2% in declining weeks ยท last 13 weeks
At 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
2025-10-03
26.9%
59.0%
2.43ร
2025-10-10
12.4%
29.5%
0.90ร
2025-10-17
5.5%
30.8%
0.97ร
2025-10-24
21.5%
45.4%
0.99ร
2025-10-31
1.2%
51.5%
2.15ร
2025-11-07
7.6%
49.2%
2.15ร
2025-11-14
23.8%
54.3%
1.44ร
2025-11-21
23.2%
58.2%
0.86ร
2025-11-28
26.2%
32.6%
0.63ร
2025-12-05
12.9%
44.6%
0.59ร
2025-12-12
1.1%
35.5%
0.98ร
2025-12-19
3.7%
31.8%
0.82ร
2025-12-26
1.3%
49.8%
0.36ร
2026-01-02
8.2%
65.4%
0.41ร
2026-01-09
5.9%
19.3%
0.94ร
2026-01-16
-4.1%
-16.0%
0.73ร
2026-01-23
-2.2%
-8.6%
0.79ร
2026-01-30
-4.8%
-7.6%
1.33ร
2026-02-06
-4.2%
0.4%
1.68ร
2026-02-13
-3.5%
-1.7%
0.89ร
2026-02-20
-9.8%
-15.8%
0.35ร
2026-02-27
-3.0%
-10.2%
0.68ร
2026-03-06
-7.2%
-27.6%
0.88ร
2026-03-13
-5.6%
-19.1%
0.39ร
2026-03-20
-9.2%
-31.4%
0.80ร
2026-03-27
-15.1%
-57.1%
0.42ร
2026-04-03
-2.6%
-25.6%
0.79ร
2026-04-10
-4.5%
-19.6%
0.78ร
2026-04-17
1.9%
12.6%
1.25ร
2026-04-24
2.4%
8.0%
1.56ร
2026-05-01
-1.7%
20.5%
1.59ร
2026-05-08
2.3%
-10.0%
1.89ร
2026-05-15
10.2%
5.6%
2.45ร
2026-05-22
19.4%
30.7%
1.75ร
2026-05-29
17.0%
14.1%
2.39ร
2026-06-05
21.1%
32.3%
0.59ร
2026-06-12
14.0%
18.1%
0.22ร
2026-06-19
4.7%
-20.1%
0.05ร
2026-06-26
13.9%
-7.9%
0.76ร
2026-07-03
13.7%
42.6%
0.06ร
2026-07-10
9.4%
59.9%
0.18ร
2026-07-17
11.9%
61.7%
0.21ร
2026-07-24
2.4%
34.6%
0.18ร
2026-07-31
-7.0%
47.5%
0.31ร
2026-08-07
0.7%
66.7%
0.25ร
2026-08-14
0.3%
34.0%
0.28ร
2026-08-21
4.7%
29.7%
0.33ร
2026-08-28
3.5%
-63.2%
2.05ร
2026-09-04
-2.8%
-72.8%
2.37ร
2026-09-11
-4.0%
-70.8%
3.48ร
2026-09-18
-7.8%
-34.0%
2.79ร
2026-09-25
2.6%
24.2%
6.40ร
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
22% 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: 89% of the way from the weekly low to high.
Volume-weighted return tilt
0.47 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
66.2 / 100
Price direction30.0 / 30
Closing pressure7.3 / 30
Up-week volume13.9 / 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
36
8.6%
23
2.4%
6.3 points
Advancing weeks
13 weeks
18
13.3%
13
23.8%
-10.6 points
Declining weeks
4 weeks
25
3.9%
16
4.7%
-0.8 points
Declining weeks
13 weeks
13
24.0%
12
25.3%
-1.2 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
2021-07-23
2021-08-20
12.1%
High volume
2021-08-20
2021-09-17
-14.5%
High volume
2021-09-24
2021-10-22
9.2%
High volume
2021-10-22
2021-11-19
8.6%
High volume
2021-12-17
2022-01-14
-7.4%
High volume
2022-02-04
2022-03-04
-1.5%
High volume
2022-04-29
2022-05-27
12.5%
High volume
2022-06-24
2022-07-22
39.8%
High volume
2022-07-22
2022-08-19
-8.6%
High volume
2022-08-19
2022-09-16
-3.9%
High volume
2022-09-16
2022-10-14
11.0%
High volume
2022-10-28
2022-11-25
8.9%
High volume
2023-02-10
2023-03-10
-2.8%
High volume
2023-03-10
2023-04-07
18.7%
High volume
2023-04-07
2023-05-05
32.7%
High volume
2023-06-09
2023-07-07
5.8%
High volume
2023-08-11
2023-09-08
36.6%
High volume
2023-09-29
2023-10-27
8.7%
High volume
2024-01-05
2024-02-02
-82.6%
High volume
2024-02-02
2024-03-01
-1.6%
High volume
2024-03-15
2024-04-12
-2.3%
High volume
2024-05-03
2024-05-31
24.1%
High volume
2024-05-31
2024-06-28
20.1%
High volume
2024-06-28
2024-07-26
-13.8%
High volume
2024-08-09
2024-09-06
-1.9%
High volume
2024-11-08
2024-12-06
-9.5%
High volume
2024-12-20
2025-01-17
-2.5%
High volume
2025-02-07
2025-03-07
0.3%
High volume
2025-05-16
2025-06-13
9.4%
High volume
2025-06-13
2025-07-11
3.7%
High volume
2025-08-15
2025-09-12
24.9%
High volume
2025-09-12
2025-10-10
12.4%
High volume
2025-11-07
2025-12-05
12.9%
High volume
2026-02-06
2026-03-06
-7.2%
High volume
2026-05-01
2026-05-29
17.0%
High volume
2026-05-29
2026-06-26
13.9%
Ordinary volume
2022-02-25
2022-03-25
14.8%
Ordinary volume
2022-04-08
2022-05-06
3.7%
Ordinary volume
2022-10-14
2022-11-11
5.1%
Ordinary volume
2022-11-11
2022-12-09
15.2%
Ordinary volume
2022-12-09
2023-01-06
-2.5%
Ordinary volume
2023-01-27
2023-02-24
-6.9%
Ordinary volume
2023-05-12
2023-06-09
8.3%
Ordinary volume
2023-06-23
2023-07-21
5.2%
Ordinary volume
2023-07-28
2023-08-25
69.3%
Ordinary volume
2023-10-20
2023-11-17
-10.9%
Ordinary volume
2024-04-26
2024-05-24
25.4%
Ordinary volume
2024-08-30
2024-09-27
-12.9%
Ordinary volume
2024-10-04
2024-11-01
-11.5%
Ordinary volume
2025-01-10
2025-02-07
11.8%
Ordinary volume
2025-02-21
2025-03-21
1.3%
Ordinary volume
2025-04-25
2025-05-23
-21.6%
Ordinary volume
2025-07-25
2025-08-22
-9.6%
Ordinary volume
2025-10-24
2025-11-21
23.2%
Ordinary volume
2025-11-21
2025-12-19
3.7%
Ordinary volume
2025-12-19
2026-01-16
-4.1%
Ordinary volume
2026-01-23
2026-02-20
-9.8%
Ordinary volume
2026-04-03
2026-05-01
-1.7%
Ordinary volume
2026-06-26
2026-07-24
2.4%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-07-23
2021-10-22
11.5%
High volume
2021-10-22
2022-01-21
12.7%
High volume
2022-02-04
2022-05-06
13.8%
High volume
2022-05-06
2022-08-05
41.0%
High volume
2022-08-12
2022-11-11
23.2%
High volume
2022-11-18
2023-02-17
0.8%
High volume
2023-03-03
2023-06-02
81.4%
High volume
2023-06-09
2023-09-08
97.3%
High volume
2023-09-29
2023-12-29
27.3%
High volume
2024-01-05
2024-04-05
-83.4%
High volume
2024-05-03
2024-08-02
29.0%
High volume
2024-08-09
2024-11-08
-15.8%
High volume
2024-11-08
2025-02-07
8.5%
High volume
2025-02-07
2025-05-09
-19.6%
High volume
2025-05-16
2025-08-15
0.5%
High volume
2025-08-15
2025-11-14
71.8%
High volume
2026-02-06
2026-05-08
-10.3%
High volume
2026-05-08
2026-08-07
32.4%
Ordinary volume
2022-02-25
2022-05-27
35.4%
Ordinary volume
2022-10-14
2023-01-13
21.9%
Ordinary volume
2023-01-27
2023-04-28
41.9%
Ordinary volume
2023-05-12
2023-08-11
56.5%
Ordinary volume
2023-08-18
2023-11-17
30.3%
Ordinary volume
2024-04-26
2024-07-26
33.2%
Ordinary volume
2024-08-30
2024-11-29
-28.3%
Ordinary volume
2025-01-10
2025-04-11
3.0%
Ordinary volume
2025-04-25
2025-07-25
-1.1%
Ordinary volume
2025-07-25
2025-10-24
23.8%
Ordinary volume
2025-10-24
2026-01-23
24.9%
Ordinary volume
2026-01-23
2026-04-24
-18.2%
Ordinary volume
2026-06-26
2026-09-25
2.8%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-08-27
2021-09-24
-4.1%
High volume
2021-10-01
2021-10-29
21.1%
High volume
2021-11-12
2021-12-10
-8.2%
High volume
2022-06-03
2022-07-01
34.1%
High volume
2022-07-15
2022-08-12
-11.4%
High volume
2022-08-26
2022-09-23
4.6%
High volume
2022-11-04
2022-12-02
12.6%
High volume
2023-01-06
2023-02-03
0.7%
High volume
2023-02-03
2023-03-03
-3.6%
High volume
2023-10-13
2023-11-10
-9.8%
High volume
2023-12-15
2024-01-12
32.2%
High volume
2024-01-26
2024-02-23
8.4%
High volume
2024-03-01
2024-03-29
0.0%
High volume
2024-04-05
2024-05-03
0.4%
High volume
2024-05-10
2024-06-07
35.8%
High volume
2024-06-14
2024-07-12
21.8%
High volume
2024-07-19
2024-08-16
3.9%
High volume
2024-10-11
2024-11-08
-9.1%
High volume
2024-11-15
2024-12-13
0.8%
High volume
2025-01-17
2025-02-14
16.9%
High volume
2025-07-18
2025-08-15
-10.6%
High volume
2025-09-26
2025-10-24
21.5%
High volume
2025-10-31
2025-11-28
26.2%
High volume
2026-04-24
2026-05-22
19.4%
High volume
2026-08-28
2026-09-25
2.6%
Ordinary volume
2022-01-14
2022-02-11
0.0%
Ordinary volume
2022-05-13
2022-06-10
10.5%
Ordinary volume
2022-10-21
2022-11-18
16.2%
Ordinary volume
2023-02-17
2023-03-17
8.7%
Ordinary volume
2023-03-24
2023-04-21
33.3%
Ordinary volume
2023-07-07
2023-08-04
12.0%
Ordinary volume
2023-09-15
2023-10-13
36.0%
Ordinary volume
2024-03-29
2024-04-26
-5.6%
Ordinary volume
2024-09-20
2024-10-18
-2.5%
Ordinary volume
2024-10-25
2024-11-22
-20.4%
Ordinary volume
2025-02-14
2025-03-14
-0.8%
Ordinary volume
2025-05-09
2025-06-06
8.2%
Ordinary volume
2025-10-10
2025-11-07
7.6%
Ordinary volume
2026-01-09
2026-02-06
-4.2%
Ordinary volume
2026-02-13
2026-03-13
-5.6%
Ordinary volume
2026-03-20
2026-04-17
1.9%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-08-27
2021-11-26
24.1%
High volume
2021-12-03
2022-03-04
-2.1%
High volume
2022-06-03
2022-09-02
48.2%
High volume
2022-09-02
2022-12-02
34.9%
High volume
2023-01-06
2023-04-07
20.7%
High volume
2023-10-13
2024-01-12
30.3%
High volume
2024-01-26
2024-04-26
0.3%
High volume
2024-05-10
2024-08-09
41.2%
High volume
2024-10-11
2025-01-10
-11.9%
High volume
2025-01-17
2025-04-18
-1.0%
High volume
2025-07-18
2025-10-17
24.0%
High volume
2025-10-31
2026-01-30
21.2%
High volume
2026-04-24
2026-07-24
44.4%
Ordinary volume
2022-01-14
2022-04-15
7.9%
Ordinary volume
2022-05-13
2022-08-12
50.0%
Ordinary volume
2022-10-21
2023-01-20
19.5%
Ordinary volume
2023-02-17
2023-05-19
78.7%
Ordinary volume
2023-07-07
2023-10-06
173.8%
Ordinary volume
2024-03-29
2024-06-28
45.9%
Ordinary volume
2024-09-20
2024-12-20
-21.0%
Ordinary volume
2025-02-14
2025-05-16
-12.4%
Ordinary volume
2025-05-23
2025-08-22
14.0%
Ordinary volume
2025-10-10
2026-01-09
31.0%
Ordinary volume
2026-01-09
2026-04-10
-16.0%
Ordinary volume
2026-04-10
2026-07-10
34.6%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 34,300.00
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 price33,030.96
Earlier activity area22,440.37 โ 29,661.23
Recent volume balance24.2%
Recent weekly volume2.35ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
22,869.93
105621
2025-10-10
22,419.93
42744
2025-10-17
22,169.93
45800
2025-10-24
23,149.93
46857
2025-10-31
23,139.93
103037
2025-11-07
24,119.92
105714
2025-11-14
27,439.94
73869
2025-11-21
28,519.93
45618
2025-11-28
29,199.93
33252
2025-12-05
27,219.94
31236
2025-12-12
27,739.94
48237
2025-12-19
29,579.93
39967
2025-12-26
29,579.93
17703
2026-01-02
29,459.93
20020
2026-01-09
29,379.93
45838
2026-01-16
28,359.94
35446
2026-01-23
28,919.93
37493
2026-01-30
28,039.94
63369
2026-02-06
28,139.94
79813
2026-02-13
27,379.97
42218
2026-02-20
26,099.97
16099
2026-02-27
27,199.97
31351
2026-03-06
26,119.97
40268
2026-03-13
25,839.97
17895
2026-03-20
23,709.97
35147
2026-03-27
23,099.97
17838
2026-04-03
25,439.97
32601
2026-04-10
24,669.97
31336
2026-04-17
24,149.97
48495
2026-04-24
23,659.97
60519
2026-05-01
25,019.97
61630
2026-05-08
25,239.97
73238
2026-05-15
26,620.00
94920
2026-05-22
28,260.00
67867
2026-05-29
29,280.00
92460
2026-06-05
30,560.00
23522
2026-06-12
30,340.00
8941
2026-06-19
29,600.00
1857
2026-06-26
33,360.00
27698
2026-07-03
34,740.00
2303
2026-07-10
33,195.39
6493
2026-07-17
33,115.15
7279
2026-07-24
34,153.34
5933
2026-07-31
32,295.98
9966
2026-08-07
33,414.46
7708
2026-08-14
33,220.00
8287
2026-08-21
35,740.00
8466
2026-08-28
33,440.00
52611
2026-09-04
32,480.00
60680
2026-09-11
31,880.00
89020
2026-09-18
32,940.00
82480
2026-09-25
34,300.00
188846
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +25.33% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed +2.57% over four weeks. Volume balance is +24.2% on a scale from โ100% to +100%.
Volume and price movement
More volume, clear price movement
Recent median weekly volume is 2.35ร 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
29
8.23
Available
13 weeks
12
22.59
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. 8 invalid records were excluded from the available history.
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