The latest close is below the activity area established before the last four weeks. 4 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 ยท 2026-10-09
Heavy volume, limited progress
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move-6.3%-16.6% over thirteen weeks
Latest relative volume3.81ร7.54ร recent four-week median
Closing pressure-13.1%Volume-weighted position within weekly ranges
Up-week volume share37.0%63.0% 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
2025-10-17
-14.0%
-1.8%
2.16ร
2025-10-24
-3.7%
-35.6%
1.25ร
2025-10-31
-4.2%
-13.7%
28.65ร
2025-11-07
-2.1%
-7.5%
1.60ร
2025-11-14
-0.9%
-13.6%
0.56ร
2025-11-21
-6.5%
-5.5%
3.08ร
2025-11-28
0.0%
16.3%
0.86ร
2025-12-05
0.3%
23.5%
0.52ร
2025-12-12
7.1%
39.4%
10.10ร
2025-12-19
10.0%
34.9%
0.29ร
2025-12-26
9.0%
38.0%
0.47ร
2026-01-02
8.1%
40.5%
0.33ร
2026-01-09
2.7%
3.8%
0.41ร
2026-01-16
-1.5%
-29.8%
0.42ร
2026-01-23
1.0%
29.8%
2.42ร
2026-01-30
4.1%
-39.5%
5.99ร
2026-02-06
10.6%
-29.9%
0.87ร
2026-02-13
11.6%
-29.2%
1.41ร
2026-02-20
6.7%
-56.2%
1.69ร
2026-02-27
3.3%
-7.4%
1.61ร
2026-03-06
-8.7%
-22.5%
0.51ร
2026-03-13
-14.4%
-89.6%
48.30ร
2026-03-20
-13.4%
-90.8%
0.24ร
2026-03-27
-8.5%
-91.4%
1.06ร
2026-04-03
2.6%
-87.2%
1.19ร
2026-04-10
13.5%
53.4%
0.32ร
2026-04-17
5.1%
10.4%
3.53ร
2026-04-24
-2.0%
9.7%
0.82ร
2026-05-01
-10.5%
-7.4%
2.29ร
2026-05-08
-13.1%
-5.2%
1.38ร
2026-05-15
-11.4%
-3.5%
0.83ร
2026-05-22
-5.5%
-1.9%
2.83ร
2026-05-29
-4.2%
-45.8%
4.24ร
2026-06-05
-6.8%
-59.2%
0.18ร
2026-06-12
-1.8%
-53.4%
0.09ร
2026-06-19
4.0%
-93.9%
0.01ร
2026-06-26
7.8%
-67.9%
0.18ร
2026-07-03
20.6%
-59.3%
0.13ร
2026-07-10
4.6%
-67.3%
0.04ร
2026-07-17
-6.1%
-55.7%
0.10ร
2026-07-24
-9.6%
6.3%
0.64ร
2026-07-31
-15.3%
-54.8%
1.60ร
2026-08-07
-2.3%
-56.5%
0.15ร
2026-08-14
-5.6%
-60.1%
1.61ร
2026-08-21
-2.1%
3.8%
7.39ร
2026-08-28
-5.2%
-8.7%
4.57ร
2026-09-04
-7.4%
-11.1%
0.50ร
2026-09-11
-3.5%
-16.4%
2.58ร
2026-09-18
-7.4%
-84.6%
13.98ร
2026-09-25
-4.5%
-19.3%
8.51ร
2026-10-02
-6.4%
-17.8%
3.03ร
2026-10-09
-6.3%
-13.1%
3.81ร
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
63% 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: 42% of the way from the weekly low to high.
Volume-weighted return tilt
0.21 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
9.2 / 100
Price direction0.0 / 30
Closing pressure0.0 / 30
Up-week volume9.2 / 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
17
-1.3%
13
4.0%
-5.4 points
Advancing weeks
13 weeks
7
โ
7
โ
Limited sample
Declining weeks
4 weeks
18
โ
7
โ
Limited sample
Declining weeks
13 weeks
8
โ
5
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
2024-03-15
2024-04-12
3.5%
High volume
2024-04-26
2024-05-24
11.5%
High volume
2024-05-24
2024-06-21
-1.3%
High volume
2024-07-05
2024-08-02
-11.2%
High volume
2024-09-13
2024-10-11
-6.8%
High volume
2024-11-08
2024-12-06
-6.4%
High volume
2025-02-21
2025-03-21
8.0%
High volume
2025-03-21
2025-04-18
-6.3%
High volume
2025-05-16
2025-06-13
-6.5%
High volume
2025-07-18
2025-08-15
2.8%
High volume
2025-08-15
2025-09-12
22.5%
High volume
2025-09-19
2025-10-17
-14.0%
High volume
2025-12-12
2026-01-09
2.7%
High volume
2026-01-23
2026-02-20
6.7%
High volume
2026-02-20
2026-03-20
-13.4%
High volume
2026-05-22
2026-06-19
4.0%
High volume
2026-07-31
2026-08-28
-5.2%
Ordinary volume
2024-03-08
2024-04-05
10.5%
Ordinary volume
2024-05-31
2024-06-28
-3.3%
Ordinary volume
2024-08-16
2024-09-13
-3.8%
Ordinary volume
2024-12-13
2025-01-10
3.2%
Ordinary volume
2025-01-17
2025-02-14
4.0%
Ordinary volume
2025-03-07
2025-04-04
11.1%
Ordinary volume
2025-04-04
2025-05-02
4.3%
Ordinary volume
2025-06-27
2025-07-25
4.3%
Ordinary volume
2025-08-01
2025-08-29
6.8%
Ordinary volume
2025-09-12
2025-10-10
-8.5%
Ordinary volume
2025-11-28
2025-12-26
9.0%
Ordinary volume
2026-02-06
2026-03-06
-8.7%
Ordinary volume
2026-03-27
2026-04-24
-2.0%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2024-03-15
2024-06-14
19.4%
High volume
2024-07-05
2024-10-04
-17.9%
High volume
2024-11-08
2025-02-07
6.4%
High volume
2025-02-21
2025-05-23
18.5%
High volume
2025-07-18
2025-10-17
12.0%
High volume
2025-12-12
2026-03-13
-3.4%
High volume
2026-05-22
2026-08-21
-7.2%
Ordinary volume
2024-03-08
2024-06-07
32.3%
Ordinary volume
2024-08-16
2024-11-15
-17.5%
Ordinary volume
2024-12-13
2025-03-14
20.8%
Ordinary volume
2025-04-04
2025-07-04
9.5%
Ordinary volume
2025-08-01
2025-10-31
11.4%
Ordinary volume
2025-11-28
2026-02-27
15.1%
Ordinary volume
2026-03-27
2026-06-26
-2.9%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2024-04-05
2024-05-03
13.2%
High volume
2024-06-07
2024-07-05
2.8%
High volume
2024-07-19
2024-08-16
-10.3%
High volume
2024-08-23
2024-09-20
-0.9%
High volume
2024-10-04
2024-11-01
-10.7%
High volume
2024-11-22
2024-12-20
5.8%
High volume
2025-02-07
2025-03-07
1.2%
High volume
2025-04-18
2025-05-16
18.0%
High volume
2025-05-30
2025-06-27
-3.4%
High volume
2025-07-11
2025-08-08
5.3%
High volume
2025-08-08
2025-09-05
13.4%
High volume
2025-09-26
2025-10-24
-3.7%
High volume
2025-10-31
2025-11-28
0.0%
High volume
2026-02-27
2026-03-27
-8.5%
High volume
2026-04-17
2026-05-15
-11.4%
High volume
2026-05-29
2026-06-26
7.8%
High volume
2026-08-14
2026-09-11
-3.5%
High volume
2026-09-11
2026-10-09
-6.3%
Ordinary volume
2024-02-23
2024-03-22
-0.1%
Ordinary volume
2024-09-06
2024-10-04
5.9%
Ordinary volume
2024-11-01
2024-11-29
-6.7%
Ordinary volume
2024-11-29
2024-12-27
9.9%
Ordinary volume
2025-05-09
2025-06-06
1.9%
Ordinary volume
2025-10-03
2025-10-31
-4.2%
Ordinary volume
2026-04-24
2026-05-22
-5.5%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2024-04-05
2024-07-05
23.1%
High volume
2024-07-19
2024-10-18
-18.5%
High volume
2024-10-25
2025-01-24
4.4%
High volume
2025-02-07
2025-05-09
15.9%
High volume
2025-05-30
2025-08-29
14.2%
High volume
2025-09-26
2025-12-26
1.3%
High volume
2026-02-27
2026-05-29
-17.6%
High volume
2026-05-29
2026-08-28
-5.6%
Ordinary volume
2024-02-23
2024-05-24
24.7%
Ordinary volume
2024-09-06
2024-12-06
-11.3%
Ordinary volume
2025-05-09
2025-08-08
10.1%
Ordinary volume
2025-10-03
2026-01-02
2.7%
Ordinary volume
2026-04-24
2026-07-24
-10.4%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 18,800.00
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 price23,560.64
Earlier activity area22,314.06 โ 25,027.28
Recent volume balance-13.1%
Recent weekly volume7.13ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
22,669.32
871
2025-10-24
23,999.29
506
2025-10-31
23,119.31
13452
2025-11-07
22,859.32
805
2025-11-14
22,469.33
304
2025-11-21
22,449.33
1544
2025-11-28
23,129.71
468
2025-12-05
22,919.71
259
2025-12-12
24,059.70
5068
2025-12-19
24,699.69
159
2025-12-26
25,219.69
255
2026-01-02
24,769.69
180
2026-01-09
24,699.69
225
2026-01-16
24,319.70
211
2026-01-23
25,479.68
1169
2026-01-30
25,779.68
2891
2026-02-06
27,319.66
439
2026-02-13
27,139.66
681
2026-02-20
27,179.66
846
2026-02-27
26,619.67
879
2026-03-06
24,939.69
304
2026-03-13
23,239.71
24245
2026-03-20
23,529.71
143
2026-03-27
24,359.70
632
2026-04-03
25,579.68
676
2026-04-10
26,379.67
210
2026-04-17
24,739.69
2010
2026-04-24
23,879.70
464
2026-05-01
22,899.71
1257
2026-05-08
22,919.71
759
2026-05-15
21,929.73
458
2026-05-22
22,569.72
1555
2026-05-29
21,930.00
2332
2026-06-05
21,370.00
115
2026-06-12
21,540.00
60
2026-06-19
23,470.00
6
2026-06-26
23,650.00
97
2026-07-03
25,780.00
72
2026-07-10
22,540.00
24
2026-07-17
22,040.00
57
2026-07-24
21,390.00
349
2026-07-31
21,840.00
736
2026-08-07
22,020.00
71
2026-08-14
20,800.00
741
2026-08-21
20,950.00
3405
2026-08-28
20,710.00
2109
2026-09-04
20,390.00
231
2026-09-11
20,070.00
1189
2026-09-18
19,410.00
6443
2026-09-25
19,780.00
4661
2026-10-02
19,090.00
1729
2026-10-09
18,800.00
2288
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -16.50% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -6.33% over four weeks. Volume balance is -13.1% on a scale from โ100% to +100%.
Volume and price movement
More volume, limited price progress
Recent median weekly volume is 7.13ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
4 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
9
-5.63
Available
13 weeks
3
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. 119 invalid records were excluded from the available history.
Search markets
Search by ticker symbol or company name and select a result to open its chart.
Markets includedUnited States
Start typing to find a stock or ETF.
Market search
Choose countries
Choose one or more countries for market search, or include every covered market.
Currently searching United States
Sharemaestro
Send a message
Ask about our research, get help with the site, or send a correction.
Cookie preferences
Essential cookies keep Sharemaestro secure and working. Choose whether we may use optional persistent analytics and advertising technologies. Limited cookieless server measurement continues for aggregate traffic and security.