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 mixed; the estimated activity centre is higher.
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 move1.2%8.6% over thirteen weeks
Latest relative volume1.78ร2.49ร recent four-week median
Closing pressure-7.3%Volume-weighted position within weekly ranges
Up-week volume share63.8%36.2% 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
-0.2%
-6.4%
0.91ร
2025-10-24
7.2%
35.6%
0.95ร
2025-10-31
6.3%
11.4%
2.15ร
2025-11-07
6.6%
16.3%
1.25ร
2025-11-14
4.9%
-7.2%
0.97ร
2025-11-21
2.8%
-29.3%
2.18ร
2025-11-28
9.1%
-7.0%
2.86ร
2025-12-05
5.5%
-12.9%
0.96ร
2025-12-12
1.7%
-10.8%
0.55ร
2025-12-19
1.6%
4.6%
0.99ร
2025-12-26
-5.7%
-23.0%
0.24ร
2026-01-02
0.6%
17.8%
0.68ร
2026-01-09
3.2%
42.0%
0.87ร
2026-01-16
6.2%
41.3%
1.16ร
2026-01-23
8.1%
48.0%
0.83ร
2026-01-30
7.8%
45.6%
0.91ร
2026-02-06
11.9%
51.6%
1.36ร
2026-02-13
9.8%
53.5%
1.04ร
2026-02-20
6.1%
34.2%
0.70ร
2026-02-27
-3.8%
-11.7%
1.61ร
2026-03-06
-10.3%
-24.3%
1.32ร
2026-03-13
-10.4%
-18.7%
0.89ร
2026-03-20
-14.2%
-29.1%
0.91ร
2026-03-27
-4.4%
2.8%
1.13ร
2026-04-03
-0.7%
1.5%
0.89ร
2026-04-10
0.1%
-2.5%
0.46ร
2026-04-17
7.7%
43.9%
0.47ร
2026-04-24
-0.6%
31.2%
2.14ร
2026-05-01
1.6%
42.1%
0.77ร
2026-05-08
-0.9%
11.2%
0.97ร
2026-05-15
1.7%
16.5%
1.07ร
2026-05-22
12.4%
38.0%
1.11ร
2026-05-29
11.7%
-3.8%
2.08ร
2026-06-05
5.6%
13.8%
0.17ร
2026-06-12
8.4%
-5.8%
0.20ร
2026-06-19
3.0%
-43.3%
0.20ร
2026-06-26
0.0%
4.3%
0.22ร
2026-07-03
8.6%
34.7%
0.09ร
2026-07-10
1.8%
27.6%
0.07ร
2026-07-17
0.9%
30.0%
0.14ร
2026-07-24
-7.0%
14.1%
0.20ร
2026-07-31
-8.1%
23.6%
0.72ร
2026-08-07
-2.2%
28.3%
0.14ร
2026-08-14
-2.3%
44.0%
0.18ร
2026-08-21
6.4%
32.5%
0.21ร
2026-08-28
6.9%
44.3%
0.30ร
2026-09-04
7.1%
73.3%
0.67ร
2026-09-11
10.0%
15.4%
3.74ร
2026-09-18
13.7%
42.1%
2.67ร
2026-09-25
10.7%
16.1%
2.43ร
2026-10-02
0.6%
-13.1%
2.55ร
2026-10-09
1.2%
-7.3%
1.78ร
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
11% 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: 65% of the way from the weekly low to high.
Volume-weighted return tilt
0.18 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
45.9 / 100
Price direction30.0 / 30
Closing pressure0.0 / 30
Up-week volume15.9 / 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
18
-0.5%
39
-1.9%
1.4 points
Advancing weeks
13 weeks
10
-5.5%
17
-10.3%
4.8 points
Declining weeks
4 weeks
20
-1.8%
38
-2.8%
1.0 points
Declining weeks
13 weeks
12
-4.0%
16
-4.6%
0.6 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
2021-08-13
2021-09-10
-4.3%
High volume
2021-10-15
2021-11-12
1.4%
High volume
2021-12-17
2022-01-14
-2.3%
High volume
2023-07-14
2023-08-11
0.5%
High volume
2023-08-11
2023-09-08
-5.4%
High volume
2023-10-27
2023-11-24
8.7%
High volume
2023-12-08
2024-01-05
9.0%
High volume
2024-01-26
2024-02-23
-7.0%
High volume
2024-03-01
2024-03-29
1.5%
High volume
2024-09-27
2024-10-25
-5.0%
High volume
2025-01-17
2025-02-14
-1.0%
High volume
2025-03-14
2025-04-11
-14.5%
High volume
2025-04-25
2025-05-23
3.9%
High volume
2025-06-06
2025-07-04
-8.3%
High volume
2025-10-31
2025-11-28
9.1%
High volume
2025-11-28
2025-12-26
-5.7%
High volume
2026-05-29
2026-06-26
0.0%
High volume
2026-09-11
2026-10-09
1.2%
Ordinary volume
2021-04-30
2021-05-28
-1.7%
Ordinary volume
2021-06-04
2021-07-02
0.9%
Ordinary volume
2021-07-02
2021-07-30
-4.0%
Ordinary volume
2021-07-30
2021-08-27
-0.4%
Ordinary volume
2021-09-17
2021-10-15
-7.3%
Ordinary volume
2021-11-05
2021-12-03
-3.4%
Ordinary volume
2022-02-18
2022-03-18
-13.0%
Ordinary volume
2022-03-18
2022-04-15
-4.1%
Ordinary volume
2022-04-29
2022-05-27
3.4%
Ordinary volume
2022-06-03
2022-07-01
-14.5%
Ordinary volume
2022-07-22
2022-08-19
-6.8%
Ordinary volume
2022-10-21
2022-11-18
15.7%
Ordinary volume
2022-12-02
2022-12-30
-4.3%
Ordinary volume
2023-01-20
2023-02-17
-1.6%
Ordinary volume
2023-03-24
2023-04-21
-4.1%
Ordinary volume
2023-05-12
2023-06-09
-12.0%
Ordinary volume
2023-06-16
2023-07-14
-14.7%
Ordinary volume
2023-07-28
2023-08-25
-0.1%
Ordinary volume
2023-09-01
2023-09-29
-13.6%
Ordinary volume
2023-11-10
2023-12-08
-1.9%
Ordinary volume
2024-02-16
2024-03-15
2.3%
Ordinary volume
2024-04-26
2024-05-24
13.0%
Ordinary volume
2024-05-24
2024-06-21
-11.4%
Ordinary volume
2024-06-28
2024-07-26
9.2%
Ordinary volume
2024-08-09
2024-09-06
11.0%
Ordinary volume
2024-09-06
2024-10-04
4.7%
Ordinary volume
2024-10-11
2024-11-08
-10.6%
Ordinary volume
2024-11-22
2024-12-20
-2.7%
Ordinary volume
2025-02-14
2025-03-14
-8.6%
Ordinary volume
2025-07-11
2025-08-08
-10.7%
Ordinary volume
2025-08-08
2025-09-05
5.7%
Ordinary volume
2025-09-05
2025-10-03
-5.0%
Ordinary volume
2025-10-03
2025-10-31
6.3%
Ordinary volume
2025-11-14
2025-12-12
1.7%
Ordinary volume
2025-12-19
2026-01-16
6.2%
Ordinary volume
2026-01-16
2026-02-13
9.8%
Ordinary volume
2026-02-13
2026-03-13
-10.4%
Ordinary volume
2026-03-13
2026-04-10
0.1%
Ordinary volume
2026-05-01
2026-05-29
11.7%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-08-13
2021-11-12
-9.4%
High volume
2021-12-17
2022-03-18
-16.8%
High volume
2023-07-14
2023-10-13
-21.6%
High volume
2023-10-27
2024-01-26
22.9%
High volume
2024-01-26
2024-04-26
-1.5%
High volume
2024-09-27
2024-12-27
-16.5%
High volume
2025-01-17
2025-04-18
-24.7%
High volume
2025-04-25
2025-07-25
1.7%
High volume
2025-10-31
2026-01-30
14.6%
High volume
2026-05-29
2026-08-28
0.5%
Ordinary volume
2021-04-30
2021-07-30
-4.1%
Ordinary volume
2021-07-30
2021-10-29
-11.0%
Ordinary volume
2021-11-05
2022-02-04
-12.5%
Ordinary volume
2022-02-18
2022-05-20
-13.7%
Ordinary volume
2022-06-03
2022-09-02
-15.3%
Ordinary volume
2022-10-21
2023-01-20
44.0%
Ordinary volume
2023-01-20
2023-04-21
-19.6%
Ordinary volume
2023-05-12
2023-08-11
-22.8%
Ordinary volume
2023-09-01
2023-12-01
-23.9%
Ordinary volume
2024-02-16
2024-05-17
14.0%
Ordinary volume
2024-05-24
2024-08-23
2.5%
Ordinary volume
2024-08-30
2024-11-29
-3.9%
Ordinary volume
2024-12-06
2025-03-07
-10.3%
Ordinary volume
2025-07-11
2025-10-10
-10.5%
Ordinary volume
2025-10-17
2026-01-16
13.8%
Ordinary volume
2026-01-16
2026-04-17
-0.8%
Ordinary volume
2026-05-01
2026-07-31
5.0%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-06-18
2021-07-16
7.6%
High volume
2021-07-23
2021-08-20
1.1%
High volume
2021-10-22
2021-11-19
6.4%
High volume
2022-02-25
2022-03-25
-10.3%
High volume
2022-08-12
2022-09-09
-9.8%
High volume
2022-09-23
2022-10-21
-2.2%
High volume
2023-03-03
2023-03-31
-5.2%
High volume
2023-04-28
2023-05-26
-4.7%
High volume
2023-06-02
2023-06-30
-15.2%
High volume
2023-06-30
2023-07-28
-1.5%
High volume
2023-10-20
2023-11-17
13.2%
High volume
2023-12-01
2023-12-29
16.6%
High volume
2024-01-19
2024-02-16
18.0%
High volume
2024-11-01
2024-11-29
-5.3%
High volume
2025-02-28
2025-03-28
-4.5%
High volume
2025-04-11
2025-05-09
8.4%
High volume
2025-06-20
2025-07-18
-2.5%
High volume
2025-08-01
2025-08-29
4.7%
High volume
2026-02-27
2026-03-27
-4.4%
High volume
2026-04-24
2026-05-22
12.4%
Ordinary volume
2021-05-14
2021-06-11
-1.4%
Ordinary volume
2021-06-11
2021-07-09
1.7%
Ordinary volume
2021-07-09
2021-08-06
-2.9%
Ordinary volume
2021-08-20
2021-09-17
-2.8%
Ordinary volume
2021-11-26
2021-12-24
-3.4%
Ordinary volume
2022-01-07
2022-02-04
-12.0%
Ordinary volume
2022-02-04
2022-03-04
-14.2%
Ordinary volume
2022-04-22
2022-05-20
8.4%
Ordinary volume
2022-05-20
2022-06-17
-5.9%
Ordinary volume
2022-06-17
2022-07-15
-2.6%
Ordinary volume
2022-08-19
2022-09-16
-14.5%
Ordinary volume
2022-09-16
2022-10-14
-7.5%
Ordinary volume
2022-10-14
2022-11-11
20.0%
Ordinary volume
2022-12-16
2023-01-13
11.4%
Ordinary volume
2023-02-10
2023-03-10
-13.4%
Ordinary volume
2023-03-31
2023-04-28
-5.8%
Ordinary volume
2023-05-19
2023-06-16
-9.1%
Ordinary volume
2023-06-23
2023-07-21
-10.8%
Ordinary volume
2023-07-21
2023-08-18
-5.0%
Ordinary volume
2023-09-08
2023-10-06
-15.4%
Ordinary volume
2023-10-06
2023-11-03
-1.9%
Ordinary volume
2023-11-24
2023-12-22
11.8%
Ordinary volume
2024-01-05
2024-02-02
-3.0%
Ordinary volume
2024-02-09
2024-03-08
12.5%
Ordinary volume
2024-03-15
2024-04-12
-0.3%
Ordinary volume
2024-04-12
2024-05-10
12.3%
Ordinary volume
2024-06-07
2024-07-05
-2.8%
Ordinary volume
2024-09-20
2024-10-18
6.3%
Ordinary volume
2024-10-25
2024-11-22
-10.7%
Ordinary volume
2024-12-13
2025-01-10
-5.2%
Ordinary volume
2025-01-10
2025-02-07
7.0%
Ordinary volume
2025-03-28
2025-04-25
-8.7%
Ordinary volume
2025-05-23
2025-06-20
1.3%
Ordinary volume
2025-07-04
2025-08-01
-10.7%
Ordinary volume
2025-09-19
2025-10-17
-0.2%
Ordinary volume
2025-12-05
2026-01-02
0.6%
Ordinary volume
2026-03-20
2026-04-17
7.7%
Ordinary volume
2026-05-08
2026-06-05
5.6%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-06-18
2021-09-17
-0.9%
High volume
2021-10-22
2022-01-21
-5.4%
High volume
2022-02-25
2022-05-27
-0.8%
High volume
2022-08-12
2022-11-11
-7.3%
High volume
2023-03-03
2023-06-02
-17.6%
High volume
2023-06-02
2023-09-01
-15.3%
High volume
2023-10-20
2024-01-19
1.2%
High volume
2024-01-19
2024-04-19
18.1%
High volume
2024-11-01
2025-01-31
-2.6%
High volume
2025-02-28
2025-05-30
-6.4%
High volume
2025-06-20
2025-09-19
-8.4%
High volume
2026-02-27
2026-05-29
9.0%
Ordinary volume
2021-05-14
2021-08-13
-2.4%
Ordinary volume
2021-08-20
2021-11-19
-5.7%
Ordinary volume
2021-11-26
2022-02-25
-16.5%
Ordinary volume
2022-04-22
2022-07-22
13.8%
Ordinary volume
2022-08-19
2022-11-18
-5.4%
Ordinary volume
2022-12-16
2023-03-17
-4.4%
Ordinary volume
2023-03-31
2023-06-30
-26.3%
Ordinary volume
2023-07-07
2023-10-06
-18.5%
Ordinary volume
2023-10-06
2024-01-05
5.2%
Ordinary volume
2024-01-05
2024-04-05
5.9%
Ordinary volume
2024-04-12
2024-07-12
6.3%
Ordinary volume
2024-09-20
2024-12-20
-9.3%
Ordinary volume
2025-01-10
2025-04-11
-14.0%
Ordinary volume
2025-05-23
2025-08-22
-4.8%
Ordinary volume
2025-09-19
2025-12-19
7.0%
Ordinary volume
2026-03-20
2026-06-19
19.5%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 22.28
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 price17.58
Earlier activity area16.51 โ 19.25
Recent volume balance-7.3%
Recent weekly volume1.06ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
16.19
590404
2025-10-24
16.62
608199
2025-10-31
16.76
1362509
2025-11-07
16.78
801220
2025-11-14
16.98
628401
2025-11-21
17.09
1392911
2025-11-28
18.28
1860846
2025-12-05
17.71
634281
2025-12-12
17.27
354695
2025-12-19
17.35
631115
2025-12-26
17.25
153787
2026-01-02
17.82
430652
2026-01-09
17.83
552951
2026-01-16
18.43
733185
2026-01-23
18.65
526273
2026-01-30
19.20
571223
2026-02-06
19.94
838930
2026-02-13
20.23
640012
2026-02-20
19.79
440699
2026-02-27
18.47
1014905
2026-03-06
17.88
833305
2026-03-13
18.12
559858
2026-03-20
16.98
572697
2026-03-27
17.66
711774
2026-04-03
17.75
561065
2026-04-10
18.13
282264
2026-04-17
18.28
293259
2026-04-24
17.54
1320382
2026-05-01
18.03
482634
2026-05-08
17.97
582116
2026-05-15
18.60
619748
2026-05-22
19.71
642239
2026-05-29
20.14
1200098
2026-06-05
18.97
96157
2026-06-12
20.16
115893
2026-06-19
20.30
112235
2026-06-26
20.14
125820
2026-07-03
20.60
50211
2026-07-10
20.52
41940
2026-07-17
20.48
80707
2026-07-24
18.74
109699
2026-07-31
18.93
404143
2026-08-07
20.06
70664
2026-08-14
20.02
80933
2026-08-21
19.93
87677
2026-08-28
20.24
103061
2026-09-04
21.48
193999
2026-09-11
22.02
890947
2026-09-18
22.66
635118
2026-09-25
22.40
578880
2026-10-02
21.60
608061
2026-10-09
22.28
425048
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +22.34% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed +1.18% over four weeks. Volume balance is -7.3% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is close to its earlier norm
Recent median weekly volume is 1.06ร 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
9
-6.95
Available
13 weeks
5
-17.27
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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