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 negative; the estimated activity centre is higher.
52 weeks2025-10-10 to 2026-10-02Weekly volume estimate
The relationship beneath price ยท 2026-10-02
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-6.5%4.8% over thirteen weeks
Latest relative volume1.63ร1.39ร recent four-week median
Closing pressure-17.2%Volume-weighted position within weekly ranges
Up-week volume share51.1%48.9% in declining weeks ยท last 13 weeks
Rejected range breakout
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
2025-10-10
-2.3%
25.4%
1.56ร
2025-10-17
1.3%
31.7%
1.76ร
2025-10-24
2.5%
-3.1%
0.58ร
2025-10-31
6.2%
7.3%
2.36ร
2025-11-07
12.3%
28.0%
1.71ร
2025-11-14
12.6%
6.1%
4.28ร
2025-11-21
6.9%
1.7%
1.42ร
2025-11-28
8.5%
-3.9%
0.53ร
2025-12-05
8.1%
-8.3%
1.21ร
2025-12-12
4.4%
-7.2%
1.12ร
2025-12-19
11.6%
26.7%
0.64ร
2025-12-26
6.5%
14.3%
0.29ร
2026-01-02
7.9%
45.2%
0.63ร
2026-01-09
6.5%
59.9%
0.76ร
2026-01-16
5.9%
45.7%
1.36ร
2026-01-23
6.7%
47.5%
3.75ร
2026-01-30
5.2%
36.8%
2.00ร
2026-02-06
-1.5%
-3.6%
3.24ร
2026-02-13
-8.7%
-21.4%
1.60ร
2026-02-20
-5.9%
-37.8%
1.40ร
2026-02-27
-7.9%
-56.6%
0.97ร
2026-03-06
-8.6%
-24.4%
5.82ร
2026-03-13
-5.8%
-28.6%
5.06ร
2026-03-20
-9.7%
-38.5%
1.51ร
2026-03-27
-9.3%
-35.1%
3.15ร
2026-04-03
1.9%
-33.6%
1.01ร
2026-04-10
13.1%
11.4%
1.91ร
2026-04-17
17.1%
48.0%
2.90ร
2026-04-24
7.2%
48.2%
1.86ร
2026-05-01
3.7%
49.7%
0.77ร
2026-05-08
-4.1%
43.4%
1.53ร
2026-05-15
-7.2%
13.9%
1.16ร
2026-05-22
3.9%
55.2%
1.27ร
2026-05-29
6.8%
50.4%
0.55ร
2026-06-05
2.6%
28.1%
0.20ร
2026-06-12
3.9%
21.2%
0.12ร
2026-06-19
10.6%
-21.1%
0.12ร
2026-06-26
7.0%
-87.0%
0.06ร
2026-07-03
16.7%
-23.2%
0.37ร
2026-07-10
14.7%
2.3%
0.14ร
2026-07-17
3.4%
20.7%
0.07ร
2026-07-24
6.3%
25.9%
0.03ร
2026-07-31
6.8%
16.2%
0.08ร
2026-08-07
9.6%
-9.7%
0.04ร
2026-08-14
13.1%
-29.9%
0.16ร
2026-08-21
8.7%
-14.1%
0.11ร
2026-08-28
3.5%
24.1%
0.16ร
2026-09-04
3.2%
68.1%
0.77ร
2026-09-11
1.8%
97.2%
1.04ร
2026-09-18
-0.7%
20.1%
1.59ร
2026-09-25
0.6%
18.4%
1.19ร
2026-10-02
-6.5%
-17.2%
1.63ร
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
60% 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: 23% of the way from the weekly low to high.
Volume-weighted return tilt
-1.44 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
27.8 / 100
Price direction15.0 / 30
Closing pressure0.0 / 30
Up-week volume12.8 / 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
31
2.5%
26
3.6%
-1.1 points
Advancing weeks
13 weeks
16
8.5%
14
11.7%
-3.2 points
Declining weeks
4 weeks
24
0.6%
18
4.6%
-4.1 points
Declining weeks
13 weeks
13
8.5%
12
12.2%
-3.7 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
2021-06-11
2021-07-09
-2.1%
High volume
2021-07-23
2021-08-20
3.8%
High volume
2021-10-29
2021-11-26
-18.2%
High volume
2021-12-10
2022-01-07
9.2%
High volume
2022-02-04
2022-03-04
-15.9%
High volume
2022-03-11
2022-04-08
2.2%
High volume
2022-04-29
2022-05-27
0.6%
High volume
2022-06-24
2022-07-22
-4.5%
High volume
2022-10-28
2022-11-25
7.3%
High volume
2022-11-25
2022-12-23
0.5%
High volume
2023-01-13
2023-02-10
6.0%
High volume
2023-02-17
2023-03-17
-13.4%
High volume
2023-03-24
2023-04-21
16.0%
High volume
2023-05-12
2023-06-09
-1.4%
High volume
2023-10-13
2023-11-10
3.1%
High volume
2023-11-17
2023-12-15
-0.1%
High volume
2024-01-26
2024-02-23
16.5%
High volume
2024-04-26
2024-05-24
-9.2%
High volume
2024-11-15
2024-12-13
3.5%
High volume
2025-01-10
2025-02-07
17.1%
High volume
2025-02-07
2025-03-07
13.1%
High volume
2025-03-07
2025-04-04
-14.7%
High volume
2025-04-11
2025-05-09
13.1%
High volume
2025-05-09
2025-06-06
3.4%
High volume
2025-07-04
2025-08-01
9.8%
High volume
2025-08-08
2025-09-05
-2.1%
High volume
2025-09-26
2025-10-24
2.5%
High volume
2025-10-31
2025-11-28
8.5%
High volume
2026-01-23
2026-02-20
-5.9%
High volume
2026-04-10
2026-05-08
-4.1%
High volume
2026-05-08
2026-06-05
2.6%
Ordinary volume
2021-05-07
2021-06-04
8.2%
Ordinary volume
2021-06-04
2021-07-02
1.5%
Ordinary volume
2021-08-06
2021-09-03
-3.4%
Ordinary volume
2021-09-17
2021-10-15
2.7%
Ordinary volume
2022-01-14
2022-02-11
3.5%
Ordinary volume
2022-08-05
2022-09-02
-1.4%
Ordinary volume
2022-10-07
2022-11-04
14.7%
Ordinary volume
2023-01-20
2023-02-17
9.5%
Ordinary volume
2023-06-02
2023-06-30
8.2%
Ordinary volume
2023-06-30
2023-07-28
4.6%
Ordinary volume
2023-07-28
2023-08-25
-2.5%
Ordinary volume
2023-09-01
2023-09-29
6.2%
Ordinary volume
2023-11-03
2023-12-01
10.7%
Ordinary volume
2023-12-01
2023-12-29
-3.8%
Ordinary volume
2024-03-15
2024-04-12
0.4%
Ordinary volume
2024-05-17
2024-06-14
-9.4%
Ordinary volume
2024-06-21
2024-07-19
7.4%
Ordinary volume
2024-12-13
2025-01-10
2.4%
Ordinary volume
2025-01-24
2025-02-21
14.8%
Ordinary volume
2025-02-21
2025-03-21
6.3%
Ordinary volume
2025-06-06
2025-07-04
-1.4%
Ordinary volume
2025-12-05
2026-01-02
7.9%
Ordinary volume
2026-01-09
2026-02-06
-1.5%
Ordinary volume
2026-04-03
2026-05-01
3.7%
Ordinary volume
2026-05-01
2026-05-29
6.8%
Ordinary volume
2026-09-04
2026-10-02
-6.5%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-06-11
2021-09-10
4.5%
High volume
2021-10-29
2022-01-28
-6.6%
High volume
2022-02-04
2022-05-06
-15.9%
High volume
2022-06-24
2022-09-23
9.7%
High volume
2022-10-28
2023-01-27
22.6%
High volume
2023-01-27
2023-04-28
8.5%
High volume
2023-05-12
2023-08-11
8.6%
High volume
2023-10-13
2024-01-12
8.0%
High volume
2024-01-26
2024-04-26
40.7%
High volume
2024-04-26
2024-07-26
-8.6%
High volume
2024-11-15
2025-02-14
28.5%
High volume
2025-02-28
2025-05-30
7.2%
High volume
2025-07-04
2025-10-03
25.7%
High volume
2025-10-17
2026-01-16
28.3%
High volume
2026-01-23
2026-04-24
-8.9%
High volume
2026-05-08
2026-08-07
30.0%
Ordinary volume
2021-05-07
2021-08-06
19.7%
Ordinary volume
2021-08-06
2021-11-05
5.7%
Ordinary volume
2022-01-14
2022-04-15
-8.6%
Ordinary volume
2022-08-05
2022-11-04
17.7%
Ordinary volume
2023-01-20
2023-04-21
11.6%
Ordinary volume
2023-06-02
2023-09-01
11.8%
Ordinary volume
2023-09-01
2023-12-01
20.3%
Ordinary volume
2023-12-01
2024-03-01
9.4%
Ordinary volume
2024-03-15
2024-06-14
-9.7%
Ordinary volume
2024-06-21
2024-09-20
6.0%
Ordinary volume
2024-12-13
2025-03-14
35.9%
Ordinary volume
2025-06-06
2025-09-05
17.9%
Ordinary volume
2025-12-05
2026-03-06
-2.6%
Ordinary volume
2026-04-03
2026-07-03
24.9%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-09-03
2021-10-01
1.0%
High volume
2021-11-19
2021-12-17
-6.4%
High volume
2022-01-28
2022-02-25
-2.9%
High volume
2022-02-25
2022-03-25
-6.1%
High volume
2022-04-08
2022-05-06
-6.5%
High volume
2022-06-10
2022-07-08
-0.1%
High volume
2023-02-10
2023-03-10
4.5%
High volume
2023-03-10
2023-04-07
-2.0%
High volume
2023-04-21
2023-05-19
-4.2%
High volume
2023-05-19
2023-06-16
5.0%
High volume
2023-12-08
2024-01-05
0.1%
High volume
2024-03-01
2024-03-29
17.9%
High volume
2024-04-12
2024-05-10
-3.8%
High volume
2024-05-10
2024-06-07
1.3%
High volume
2024-06-07
2024-07-05
-2.1%
High volume
2024-08-02
2024-08-30
8.2%
High volume
2024-11-08
2024-12-06
5.1%
High volume
2024-12-20
2025-01-17
11.1%
High volume
2025-03-21
2025-04-18
-5.7%
High volume
2025-05-02
2025-05-30
8.1%
High volume
2025-10-10
2025-11-07
12.3%
High volume
2026-02-06
2026-03-06
-8.6%
High volume
2026-03-06
2026-04-03
1.9%
High volume
2026-04-24
2026-05-22
3.9%
Ordinary volume
2021-04-23
2021-05-21
20.1%
Ordinary volume
2021-06-18
2021-07-16
-2.7%
Ordinary volume
2021-10-01
2021-10-29
8.0%
Ordinary volume
2021-12-17
2022-01-14
15.0%
Ordinary volume
2022-01-21
2022-02-18
1.6%
Ordinary volume
2022-05-06
2022-06-03
8.5%
Ordinary volume
2022-07-01
2022-07-29
2.4%
Ordinary volume
2022-09-30
2022-10-28
16.6%
Ordinary volume
2022-11-11
2022-12-09
4.4%
Ordinary volume
2023-05-05
2023-06-02
3.3%
Ordinary volume
2023-08-04
2023-09-01
4.8%
Ordinary volume
2023-12-22
2024-01-19
-2.9%
Ordinary volume
2024-09-06
2024-10-04
7.1%
Ordinary volume
2024-11-29
2024-12-27
5.0%
Ordinary volume
2025-05-23
2025-06-20
-2.8%
Ordinary volume
2025-10-03
2025-10-31
6.2%
Ordinary volume
2026-02-27
2026-03-27
-9.3%
Ordinary volume
2026-05-15
2026-06-12
3.9%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-09-03
2021-12-03
-13.1%
High volume
2021-12-03
2022-03-04
0.1%
High volume
2022-03-04
2022-06-03
8.5%
High volume
2022-06-10
2022-09-09
10.8%
High volume
2023-02-10
2023-05-12
2.9%
High volume
2023-05-19
2023-08-18
8.9%
High volume
2023-12-08
2024-03-08
16.4%
High volume
2024-04-12
2024-07-12
-3.0%
High volume
2024-08-02
2024-11-01
9.6%
High volume
2024-11-08
2025-02-07
27.8%
High volume
2025-03-21
2025-06-20
2.5%
High volume
2025-10-10
2026-01-09
31.4%
High volume
2026-02-06
2026-05-08
-2.9%
Ordinary volume
2021-04-23
2021-07-23
25.5%
Ordinary volume
2021-10-01
2021-12-31
-5.3%
Ordinary volume
2022-01-21
2022-04-22
-7.4%
Ordinary volume
2022-05-06
2022-08-05
1.0%
Ordinary volume
2022-09-30
2022-12-30
25.6%
Ordinary volume
2023-05-05
2023-08-04
10.2%
Ordinary volume
2023-08-04
2023-11-03
13.9%
Ordinary volume
2023-12-22
2024-03-22
32.3%
Ordinary volume
2024-09-06
2024-12-06
10.5%
Ordinary volume
2025-05-23
2025-08-22
23.6%
Ordinary volume
2025-10-03
2026-01-02
26.5%
Ordinary volume
2026-02-27
2026-05-29
5.2%
Price, activity and volume balance
Where volume is concentrated
2026-10-02Close 23.75
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 price18.42
Earlier activity area17.34 โ 20.48
Recent volume balance-17.2%
Recent weekly volume0.75ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-10
15.06
46848
2025-10-17
15.81
52948
2025-10-24
16.04
19124
2025-10-31
16.56
70993
2025-11-07
16.91
51361
2025-11-14
17.79
128944
2025-11-21
17.15
46658
2025-11-28
17.97
17482
2025-12-05
18.28
37307
2025-12-12
18.58
34345
2025-12-19
19.15
21613
2025-12-26
19.13
9920
2026-01-02
19.72
21426
2026-01-09
19.79
23507
2026-01-16
20.28
41901
2026-01-23
20.41
127256
2026-01-30
20.75
71709
2026-02-06
19.49
116154
2026-02-13
18.51
57179
2026-02-20
19.20
50288
2026-02-27
19.11
38266
2026-03-06
17.80
233093
2026-03-13
17.44
224022
2026-03-20
17.34
70657
2026-03-27
17.34
153009
2026-04-03
18.15
48829
2026-04-10
19.74
94707
2026-04-17
20.30
147402
2026-04-24
18.58
94635
2026-05-01
18.82
41875
2026-05-08
18.92
77903
2026-05-15
18.83
62550
2026-05-22
19.30
68484
2026-05-29
20.10
33165
2026-06-05
19.41
11754
2026-06-12
19.58
7351
2026-06-19
21.34
7317
2026-06-26
21.50
3800
2026-07-03
22.66
22114
2026-07-10
22.46
8659
2026-07-17
22.06
4165
2026-07-24
22.85
1547
2026-07-31
24.20
4444
2026-08-07
24.61
1935
2026-08-14
24.95
7169
2026-08-21
24.83
4284
2026-08-28
25.04
5870
2026-09-04
25.39
21193
2026-09-11
25.41
22528
2026-09-18
24.66
34324
2026-09-25
25.18
25684
2026-10-02
23.75
35208
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +33.06% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -6.46% over four weeks. Volume balance is -17.2% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is below its earlier norm
Recent median weekly volume is 0.75ร 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
12
2.6
Available
13 weeks
7
20.31
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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