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
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-1.2%-5.2% over thirteen weeks
Latest relative volume0.63ร1.10ร recent four-week median
Closing pressure-40.8%Volume-weighted position within weekly ranges
Up-week volume share47.6%52.4% 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
1.0%
11.1%
1.19ร
2025-10-24
1.7%
14.3%
0.58ร
2025-10-31
-0.1%
-8.9%
1.56ร
2025-11-07
-0.3%
-6.8%
0.79ร
2025-11-14
-1.5%
-40.3%
1.42ร
2025-11-21
-0.4%
-20.0%
0.94ร
2025-11-28
0.7%
-17.1%
1.31ร
2025-12-05
-0.4%
-42.3%
0.76ร
2025-12-12
0.4%
-8.5%
0.62ร
2025-12-19
0.0%
-25.7%
1.06ร
2025-12-26
0.1%
3.3%
0.45ร
2026-01-02
0.9%
1.7%
1.20ร
2026-01-09
0.1%
-26.7%
0.87ร
2026-01-16
-1.0%
-51.3%
2.22ร
2026-01-23
-1.1%
-53.6%
1.02ร
2026-01-30
-0.5%
-20.6%
1.46ร
2026-02-06
0.4%
4.6%
1.65ร
2026-02-13
1.9%
58.3%
1.89ร
2026-02-20
1.2%
34.3%
1.92ร
2026-02-27
1.4%
34.8%
1.09ร
2026-03-06
-0.9%
7.9%
1.93ร
2026-03-13
-3.3%
-32.4%
1.25ร
2026-03-20
-4.5%
-49.9%
3.35ร
2026-03-27
-5.1%
-31.7%
8.44ร
2026-04-03
-2.3%
-24.1%
1.93ร
2026-04-10
-0.8%
-18.9%
0.65ร
2026-04-17
2.3%
3.0%
0.59ร
2026-04-24
1.2%
18.6%
0.41ร
2026-05-01
-0.9%
5.5%
1.34ร
2026-05-08
-0.9%
12.6%
0.99ร
2026-05-15
-3.6%
-28.8%
1.22ร
2026-05-22
-2.8%
-32.7%
1.15ร
2026-05-29
-0.7%
-21.9%
0.50ร
2026-06-05
-2.4%
-47.2%
0.65ร
2026-06-12
0.3%
-5.0%
0.83ร
2026-06-19
-0.4%
-20.2%
1.96ร
2026-06-26
-0.6%
12.7%
2.11ร
2026-07-03
0.6%
24.8%
0.59ร
2026-07-10
-1.1%
10.7%
0.73ร
2026-07-17
0.2%
40.4%
2.01ร
2026-07-24
-2.4%
2.2%
0.87ร
2026-07-31
-1.3%
-1.3%
2.74ร
2026-08-07
0.2%
10.1%
0.56ร
2026-08-14
0.3%
0.9%
0.32ร
2026-08-21
1.1%
4.7%
0.50ร
2026-08-28
-0.7%
-8.9%
0.39ร
2026-09-04
-1.7%
-25.0%
1.33ร
2026-09-11
-4.7%
-44.1%
0.58ร
2026-09-18
-5.2%
-62.1%
4.25ร
2026-09-25
-4.5%
-50.1%
1.16ร
2026-10-02
-4.3%
-49.8%
1.04ร
2026-10-09
-1.2%
-40.8%
0.63ร
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
49% 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: 58% of the way from the weekly low to high.
Volume-weighted return tilt
0.05 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
11.9 / 100
Price direction0.0 / 30
Closing pressure0.0 / 30
Up-week volume11.9 / 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
14
-0.8%
13
0.0%
-0.8 points
Advancing weeks
13 weeks
7
โ
8
โ
Limited sample
Declining weeks
4 weeks
18
0.2%
16
0.1%
0.2 points
Declining weeks
13 weeks
8
-3.9%
8
-1.0%
-2.9 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
2023-07-14
2023-08-11
-1.6%
High volume
2023-10-13
2023-11-10
-0.1%
High volume
2023-11-17
2023-12-15
4.2%
High volume
2023-12-15
2024-01-12
2.3%
High volume
2024-01-12
2024-02-09
-3.5%
High volume
2024-03-01
2024-03-29
-1.3%
High volume
2024-08-02
2024-08-30
-1.2%
High volume
2025-02-21
2025-03-21
2.7%
High volume
2025-03-21
2025-04-18
1.6%
High volume
2025-04-18
2025-05-16
-2.3%
High volume
2026-02-06
2026-03-06
-0.9%
High volume
2026-03-27
2026-04-24
1.2%
High volume
2026-06-26
2026-07-24
-2.4%
High volume
2026-07-31
2026-08-28
-0.7%
Ordinary volume
2023-09-01
2023-09-29
-2.4%
Ordinary volume
2024-05-17
2024-06-14
1.7%
Ordinary volume
2024-07-26
2024-08-23
4.3%
Ordinary volume
2024-08-23
2024-09-20
2.6%
Ordinary volume
2025-01-03
2025-01-31
1.0%
Ordinary volume
2025-05-23
2025-06-20
0.7%
Ordinary volume
2025-07-18
2025-08-15
1.0%
Ordinary volume
2025-10-17
2025-11-14
-1.5%
Ordinary volume
2025-11-21
2025-12-19
0.0%
Ordinary volume
2025-12-19
2026-01-16
-1.0%
Ordinary volume
2026-02-27
2026-03-27
-5.1%
Ordinary volume
2026-05-08
2026-06-05
-2.4%
Ordinary volume
2026-06-12
2026-07-10
-1.1%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2023-07-14
2023-10-13
-3.7%
High volume
2023-10-13
2024-01-12
8.2%
High volume
2024-01-12
2024-04-12
-7.9%
High volume
2024-08-02
2024-11-01
-4.8%
High volume
2025-02-21
2025-05-23
2.2%
High volume
2026-02-06
2026-05-08
-4.0%
High volume
2026-06-26
2026-09-25
-6.8%
Ordinary volume
2023-09-01
2023-12-01
2.5%
Ordinary volume
2024-05-17
2024-08-16
7.1%
Ordinary volume
2024-08-23
2024-11-22
-5.7%
Ordinary volume
2025-01-03
2025-04-04
6.7%
Ordinary volume
2025-05-23
2025-08-22
2.5%
Ordinary volume
2025-10-17
2026-01-16
-1.6%
Ordinary volume
2026-02-27
2026-05-29
-5.7%
Ordinary volume
2026-06-12
2026-09-11
-5.1%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2023-06-09
2023-07-07
-4.2%
High volume
2023-07-28
2023-08-25
-1.7%
High volume
2023-08-25
2023-09-22
-0.9%
High volume
2023-09-22
2023-10-20
0.2%
High volume
2023-10-20
2023-11-17
1.6%
High volume
2023-11-24
2023-12-22
6.1%
High volume
2024-01-05
2024-02-02
-0.1%
High volume
2024-02-09
2024-03-08
-0.1%
High volume
2024-08-09
2024-09-06
3.2%
High volume
2024-10-11
2024-11-08
-3.1%
High volume
2025-03-07
2025-04-04
3.3%
High volume
2025-04-11
2025-05-09
0.7%
High volume
2025-05-09
2025-06-06
-1.7%
High volume
2025-10-31
2025-11-28
0.7%
High volume
2026-01-16
2026-02-13
1.9%
High volume
2026-02-20
2026-03-20
-4.5%
High volume
2026-03-20
2026-04-17
2.3%
High volume
2026-06-19
2026-07-17
0.2%
Ordinary volume
2023-05-19
2023-06-16
-4.8%
Ordinary volume
2023-09-15
2023-10-13
-0.5%
Ordinary volume
2024-02-23
2024-03-22
0.5%
Ordinary volume
2024-04-05
2024-05-03
-0.8%
Ordinary volume
2024-05-10
2024-06-07
-0.2%
Ordinary volume
2024-07-19
2024-08-16
3.8%
Ordinary volume
2024-08-16
2024-09-13
3.9%
Ordinary volume
2024-09-20
2024-10-18
-4.0%
Ordinary volume
2024-10-25
2024-11-22
-2.8%
Ordinary volume
2024-12-13
2025-01-10
-1.3%
Ordinary volume
2025-02-07
2025-03-07
3.1%
Ordinary volume
2025-12-05
2026-01-02
0.9%
Ordinary volume
2026-01-09
2026-02-06
0.4%
Ordinary volume
2026-03-13
2026-04-10
-0.8%
Ordinary volume
2026-05-15
2026-06-12
0.3%
Ordinary volume
2026-07-24
2026-08-21
1.1%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2023-06-09
2023-09-08
-5.0%
High volume
2023-09-22
2023-12-22
7.5%
High volume
2024-01-05
2024-04-05
-4.2%
High volume
2024-08-09
2024-11-08
-3.5%
High volume
2025-03-07
2025-06-06
-0.5%
High volume
2025-10-31
2026-01-30
0.3%
High volume
2026-02-20
2026-05-22
-6.0%
High volume
2026-06-19
2026-09-18
-5.5%
Ordinary volume
2023-05-19
2023-08-18
-7.8%
Ordinary volume
2023-09-15
2023-12-15
5.3%
Ordinary volume
2024-02-23
2024-05-24
-3.2%
Ordinary volume
2024-07-19
2024-10-18
3.5%
Ordinary volume
2024-10-25
2025-01-24
-1.9%
Ordinary volume
2025-02-07
2025-05-09
4.3%
Ordinary volume
2025-12-05
2026-03-06
-0.1%
Ordinary volume
2026-03-13
2026-06-12
-3.0%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 19.24
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 price21.71
Earlier activity area20.47 โ 21.92
Recent volume balance-40.8%
Recent weekly volume1.05ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
21.82
2072486
2025-10-24
21.77
1020991
2025-10-31
21.53
2327480
2025-11-07
21.59
1178301
2025-11-14
21.49
1768411
2025-11-21
21.69
1172962
2025-11-28
21.68
1569713
2025-12-05
21.51
913703
2025-12-12
21.57
729384
2025-12-19
21.69
1244583
2025-12-26
21.69
527078
2026-01-02
21.69
1343163
2026-01-09
21.58
976345
2026-01-16
21.47
2347173
2026-01-23
21.46
1073678
2026-01-30
21.58
1567370
2026-02-06
21.67
1769885
2026-02-13
21.87
2030092
2026-02-20
21.71
2155878
2026-02-27
21.88
1281076
2026-03-06
21.48
2266877
2026-03-13
21.15
1513586
2026-03-20
20.74
4224695
2026-03-27
20.76
11068004
2026-04-03
20.98
2763342
2026-04-10
20.99
1004623
2026-04-17
21.22
913573
2026-04-24
21.01
580330
2026-05-01
20.79
1916932
2026-05-08
20.81
1421134
2026-05-15
20.45
1789920
2026-05-22
20.41
1683049
2026-05-29
20.64
770848
2026-06-05
20.31
949953
2026-06-12
20.51
1218972
2026-06-19
20.32
2871170
2026-06-26
20.52
3251839
2026-07-03
20.44
966085
2026-07-10
20.29
1192195
2026-07-17
20.37
3272263
2026-07-24
20.03
1417413
2026-07-31
20.17
4459356
2026-08-07
20.34
958774
2026-08-14
20.42
510397
2026-08-21
20.26
735493
2026-08-28
20.02
556424
2026-09-04
20.00
1888753
2026-09-11
19.47
828143
2026-09-18
19.20
5601792
2026-09-25
19.12
1524845
2026-10-02
19.14
1371876
2026-10-09
19.24
821113
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -8.12% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -1.17% over four weeks. Volume balance is -40.8% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is close to its earlier norm
Recent median weekly volume is 1.05ร 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
7
0.29
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.
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