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 mixed; 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 move-6.3%-30.8% over thirteen weeks
Latest relative volume1.14ร2.05ร recent four-week median
Closing pressure8.7%Volume-weighted position within weekly ranges
Up-week volume share24.9%69.3% 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
-2.6%
9.4%
0.42ร
2025-10-24
7.1%
27.8%
0.35ร
2025-10-31
2.9%
23.5%
0.51ร
2025-11-07
-9.1%
-12.1%
0.45ร
2025-11-14
6.7%
33.4%
2.39ร
2025-11-21
12.7%
49.5%
1.73ร
2025-11-28
49.5%
71.9%
2.09ร
2025-12-05
42.8%
56.7%
1.62ร
2025-12-12
33.8%
51.3%
1.16ร
2025-12-19
21.3%
45.2%
1.40ร
2025-12-26
5.2%
20.3%
1.61ร
2026-01-02
0.7%
16.5%
0.93ร
2026-01-09
-2.3%
14.9%
0.94ร
2026-01-16
-5.0%
-3.9%
1.52ร
2026-01-23
-10.0%
-18.4%
1.04ร
2026-01-30
-3.9%
-18.1%
0.74ร
2026-02-06
-12.9%
-57.2%
4.55ร
2026-02-13
-15.3%
-52.4%
1.61ร
2026-02-20
-15.5%
-29.6%
1.73ร
2026-02-27
-11.5%
-25.0%
0.99ร
2026-03-06
-7.5%
6.9%
0.93ร
2026-03-13
-8.4%
-7.9%
1.46ร
2026-03-20
-11.2%
-43.7%
1.49ร
2026-03-27
-11.5%
-50.4%
0.62ร
2026-04-03
-5.1%
-35.5%
0.48ร
2026-04-10
-1.6%
-21.0%
1.60ร
2026-04-17
2.9%
0.4%
0.59ร
2026-04-24
-6.2%
-9.6%
0.79ร
2026-05-01
-5.8%
-10.5%
0.55ร
2026-05-08
-0.2%
-23.5%
1.02ร
2026-05-15
-9.9%
-41.6%
1.09ร
2026-05-22
3.5%
-13.5%
0.63ร
2026-05-29
-0.3%
-25.2%
0.37ร
2026-06-05
-6.4%
-34.5%
0.63ร
2026-06-12
2.6%
-21.9%
0.89ร
2026-06-19
-4.9%
-46.0%
1.12ร
2026-06-26
9.9%
9.2%
2.01ร
2026-07-03
14.3%
34.6%
0.85ร
2026-07-10
7.0%
25.0%
0.76ร
2026-07-17
5.4%
23.3%
0.77ร
2026-07-24
-14.1%
-34.4%
1.59ร
2026-07-31
-8.5%
-40.9%
0.96ร
2026-08-07
-17.1%
-35.7%
2.88ร
2026-08-14
-17.3%
-23.8%
2.89ร
2026-08-21
-16.2%
-31.6%
1.73ร
2026-08-28
-21.4%
-30.2%
1.29ร
2026-09-04
-8.5%
-26.7%
1.21ร
2026-09-11
-7.1%
-38.7%
1.11ร
2026-09-18
0.6%
23.7%
2.21ร
2026-09-25
-0.6%
17.4%
3.01ร
2026-10-02
-8.9%
9.1%
1.74ร
2026-10-09
-6.3%
8.7%
1.14ร
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
59% 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: 31% of the way from the weekly low to high.
Volume-weighted return tilt
-0.84 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
8.8 / 100
Price direction0.0 / 30
Closing pressure2.6 / 30
Up-week volume6.2 / 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
21
-7.2%
27
-3.1%
-4.1 points
Advancing weeks
13 weeks
13
-12.8%
13
3.6%
-16.4 points
Declining weeks
4 weeks
22
-0.6%
27
2.7%
-3.3 points
Declining weeks
13 weeks
10
0.4%
14
2.4%
-2.1 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
10.7%
High volume
2021-06-25
2021-07-23
-21.1%
High volume
2021-11-12
2021-12-10
-9.4%
High volume
2022-01-14
2022-02-11
-10.0%
High volume
2022-06-24
2022-07-22
6.2%
High volume
2022-11-11
2022-12-09
9.8%
High volume
2022-12-16
2023-01-13
9.6%
High volume
2023-03-31
2023-04-28
5.9%
High volume
2023-04-28
2023-05-26
-17.2%
High volume
2023-07-21
2023-08-18
-12.6%
High volume
2024-03-29
2024-04-26
-7.2%
High volume
2024-05-17
2024-06-14
-6.1%
High volume
2024-09-20
2024-10-18
-3.0%
High volume
2024-12-13
2025-01-10
-7.9%
High volume
2025-01-17
2025-02-14
6.9%
High volume
2025-03-21
2025-04-18
-19.2%
High volume
2025-06-27
2025-07-25
-4.7%
High volume
2025-11-14
2025-12-12
33.8%
High volume
2025-12-26
2026-01-23
-10.0%
High volume
2026-02-20
2026-03-20
-11.2%
High volume
2026-06-26
2026-07-24
-14.1%
Ordinary volume
2021-06-04
2021-07-02
-20.0%
Ordinary volume
2021-08-06
2021-09-03
-9.8%
Ordinary volume
2021-11-26
2021-12-24
-11.0%
Ordinary volume
2021-12-24
2022-01-21
-15.4%
Ordinary volume
2022-08-12
2022-09-09
0.0%
Ordinary volume
2022-10-07
2022-11-04
-3.1%
Ordinary volume
2022-12-09
2023-01-06
17.2%
Ordinary volume
2023-01-27
2023-02-24
3.1%
Ordinary volume
2023-08-18
2023-09-15
3.9%
Ordinary volume
2023-12-22
2024-01-19
-13.0%
Ordinary volume
2024-01-26
2024-02-23
-0.5%
Ordinary volume
2024-03-01
2024-03-29
11.9%
Ordinary volume
2024-04-26
2024-05-24
0.5%
Ordinary volume
2024-06-07
2024-07-05
13.5%
Ordinary volume
2024-08-09
2024-09-06
-3.2%
Ordinary volume
2024-11-22
2024-12-20
14.2%
Ordinary volume
2025-05-02
2025-05-30
-5.3%
Ordinary volume
2025-05-30
2025-06-27
34.4%
Ordinary volume
2025-08-15
2025-09-12
-6.0%
Ordinary volume
2025-09-19
2025-10-17
-2.6%
Ordinary volume
2025-12-12
2026-01-09
-2.3%
Ordinary volume
2026-01-09
2026-02-06
-12.9%
Ordinary volume
2026-02-27
2026-03-27
-11.5%
Ordinary volume
2026-05-08
2026-06-05
-6.4%
Ordinary volume
2026-06-12
2026-07-10
7.0%
Ordinary volume
2026-07-31
2026-08-28
-21.4%
Ordinary volume
2026-09-04
2026-10-02
-8.9%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-14
2021-08-13
-16.3%
High volume
2021-11-12
2022-02-11
-12.8%
High volume
2022-06-24
2022-09-23
-4.1%
High volume
2022-11-11
2023-02-10
28.6%
High volume
2023-03-31
2023-06-30
-18.3%
High volume
2023-07-21
2023-10-20
-19.5%
High volume
2024-03-29
2024-06-28
12.3%
High volume
2024-09-20
2024-12-20
49.4%
High volume
2025-01-17
2025-04-18
-44.5%
High volume
2025-06-27
2025-09-26
9.1%
High volume
2025-11-14
2026-02-13
8.1%
High volume
2026-02-20
2026-05-22
-13.5%
High volume
2026-06-26
2026-09-25
-28.0%
Ordinary volume
2021-06-04
2021-09-03
-32.6%
Ordinary volume
2021-11-26
2022-02-25
-17.5%
Ordinary volume
2022-08-12
2022-11-11
18.8%
Ordinary volume
2022-12-09
2023-03-10
16.0%
Ordinary volume
2023-08-18
2023-11-17
-10.9%
Ordinary volume
2023-12-22
2024-03-22
-11.8%
Ordinary volume
2024-04-26
2024-07-26
12.8%
Ordinary volume
2024-08-09
2024-11-08
13.0%
Ordinary volume
2024-11-22
2025-02-21
5.4%
Ordinary volume
2025-05-02
2025-08-01
22.1%
Ordinary volume
2025-08-15
2025-11-14
3.6%
Ordinary volume
2025-12-12
2026-03-13
-26.0%
Ordinary volume
2026-05-08
2026-08-07
-15.5%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2022-09-02
2022-09-30
-7.1%
High volume
2022-09-30
2022-10-28
7.2%
High volume
2023-01-13
2023-02-10
6.0%
High volume
2023-03-10
2023-04-07
6.6%
High volume
2023-04-14
2023-05-12
-1.0%
High volume
2023-06-16
2023-07-14
-22.2%
High volume
2023-07-14
2023-08-11
-13.8%
High volume
2023-08-11
2023-09-08
2.8%
High volume
2023-11-10
2023-12-08
11.5%
High volume
2023-12-15
2024-01-12
-8.9%
High volume
2024-02-23
2024-03-22
0.0%
High volume
2024-03-22
2024-04-19
-1.0%
High volume
2024-05-24
2024-06-21
20.5%
High volume
2024-12-20
2025-01-17
1.7%
High volume
2025-02-14
2025-03-14
-36.6%
High volume
2025-03-14
2025-04-11
-17.0%
High volume
2025-12-05
2026-01-02
0.7%
High volume
2026-01-16
2026-02-13
-15.3%
High volume
2026-02-13
2026-03-13
-8.4%
High volume
2026-04-10
2026-05-08
-0.2%
High volume
2026-07-24
2026-08-21
-16.2%
High volume
2026-08-21
2026-09-18
0.6%
Ordinary volume
2021-06-11
2021-07-09
-21.4%
Ordinary volume
2021-10-01
2021-10-29
-15.3%
Ordinary volume
2021-11-19
2021-12-17
-9.4%
Ordinary volume
2021-12-17
2022-01-14
10.7%
Ordinary volume
2022-01-21
2022-02-18
14.9%
Ordinary volume
2022-06-17
2022-07-15
32.7%
Ordinary volume
2022-09-23
2022-10-21
0.0%
Ordinary volume
2022-11-18
2022-12-16
21.0%
Ordinary volume
2023-02-03
2023-03-03
2.1%
Ordinary volume
2023-05-12
2023-06-09
1.0%
Ordinary volume
2023-10-06
2023-11-03
-13.9%
Ordinary volume
2023-11-03
2023-12-01
2.7%
Ordinary volume
2023-12-01
2023-12-29
7.2%
Ordinary volume
2024-02-09
2024-03-08
4.3%
Ordinary volume
2024-04-12
2024-05-10
6.7%
Ordinary volume
2024-05-10
2024-06-07
0.0%
Ordinary volume
2024-10-18
2024-11-15
21.5%
Ordinary volume
2024-12-06
2025-01-03
2.6%
Ordinary volume
2025-01-03
2025-01-31
12.6%
Ordinary volume
2025-05-16
2025-06-13
9.5%
Ordinary volume
2025-07-11
2025-08-08
13.8%
Ordinary volume
2026-01-02
2026-01-30
-3.9%
Ordinary volume
2026-03-06
2026-04-03
-5.1%
Ordinary volume
2026-04-24
2026-05-22
3.5%
Ordinary volume
2026-06-19
2026-07-17
5.4%
Ordinary volume
2026-07-17
2026-08-14
-17.3%
Ordinary volume
2026-09-11
2026-10-09
-6.3%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2022-09-02
2022-12-02
29.8%
High volume
2023-01-13
2023-04-14
11.0%
High volume
2023-04-14
2023-07-14
-27.3%
High volume
2023-07-14
2023-10-13
-11.0%
High volume
2023-11-10
2024-02-09
-0.9%
High volume
2024-02-23
2024-05-24
4.8%
High volume
2024-05-24
2024-08-23
6.8%
High volume
2024-12-20
2025-03-21
-30.1%
High volume
2025-12-05
2026-03-06
-18.3%
High volume
2026-04-10
2026-07-10
1.7%
Ordinary volume
2021-06-11
2021-09-10
-35.0%
Ordinary volume
2021-10-01
2021-12-31
2.0%
Ordinary volume
2021-12-31
2022-04-01
-6.0%
Ordinary volume
2022-06-17
2022-09-16
28.1%
Ordinary volume
2022-09-23
2022-12-23
46.8%
Ordinary volume
2023-02-03
2023-05-05
2.8%
Ordinary volume
2023-05-12
2023-08-11
-36.6%
Ordinary volume
2023-10-06
2024-01-05
-14.7%
Ordinary volume
2024-02-09
2024-05-10
4.7%
Ordinary volume
2024-05-10
2024-08-09
14.4%
Ordinary volume
2024-10-18
2025-01-17
56.7%
Ordinary volume
2025-05-16
2025-08-15
41.4%
Ordinary volume
2026-01-02
2026-04-03
-23.0%
Ordinary volume
2026-04-24
2026-07-24
-3.3%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 2.96
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 price4.16
Earlier activity area3.70 โ 5.59
Recent volume balance8.7%
Recent weekly volume1.90ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
4.05
274665
2025-10-24
4.24
225531
2025-10-31
3.96
327385
2025-11-07
3.90
267004
2025-11-14
4.32
1218059
2025-11-21
4.78
883756
2025-11-28
5.92
1234052
2025-12-05
5.57
955273
2025-12-12
5.78
756809
2025-12-19
5.80
912523
2025-12-26
6.23
1046112
2026-01-02
5.61
604162
2026-01-09
5.65
583826
2026-01-16
5.51
900384
2026-01-23
5.61
614811
2026-01-30
5.39
449067
2026-02-06
4.92
2775704
2026-02-13
4.67
979656
2026-02-20
4.74
1055216
2026-02-27
4.77
661720
2026-03-06
4.55
649562
2026-03-13
4.28
1014442
2026-03-20
4.21
1109590
2026-03-27
4.22
458629
2026-04-03
4.32
357950
2026-04-10
4.21
1186021
2026-04-17
4.33
485653
2026-04-24
3.96
649011
2026-05-01
4.07
452064
2026-05-08
4.20
839466
2026-05-15
3.90
939225
2026-05-22
4.10
540875
2026-05-29
4.06
295105
2026-06-05
3.93
448899
2026-06-12
4.00
582084
2026-06-19
3.90
724981
2026-06-26
4.46
1304548
2026-07-03
4.49
554098
2026-07-10
4.28
491261
2026-07-17
4.11
502421
2026-07-24
3.83
1005044
2026-07-31
4.11
625583
2026-08-07
3.55
1868228
2026-08-14
3.40
1878829
2026-08-21
3.21
1124367
2026-08-28
3.23
838399
2026-09-04
3.25
788339
2026-09-11
3.16
762797
2026-09-18
3.23
1516005
2026-09-25
3.21
2067983
2026-10-02
2.96
1294675
2026-10-09
2.96
885515
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -30.17% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -6.33% over four weeks. Volume balance is +8.7% on a scale from โ100% to +100%.
Volume and price movement
More volume, limited price progress
Recent median weekly volume is 1.90ร 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
10
1.26
Available
13 weeks
7
0.45
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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