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 positive; the estimated activity centre is higher.
52 weeks2025-10-03 to 2026-09-25Weekly volume estimate
The relationship beneath price ยท 2026-09-25
Mixed evidence
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move1.0%24.6% over thirteen weeks
Latest relative volume0.88ร1.09ร recent four-week median
Closing pressure23.9%Volume-weighted position within weekly ranges
Up-week volume share65.8%34.2% 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
2025-10-03
4.4%
23.3%
1.24ร
2025-10-10
1.7%
-8.5%
1.18ร
2025-10-17
0.9%
-18.4%
0.95ร
2025-10-24
4.8%
-13.0%
0.82ร
2025-10-31
-0.2%
-14.5%
2.94ร
2025-11-07
3.1%
17.1%
1.42ร
2025-11-14
4.9%
25.1%
0.89ร
2025-11-21
1.8%
21.5%
0.78ร
2025-11-28
4.8%
38.1%
0.68ร
2025-12-05
8.6%
29.7%
0.87ร
2025-12-12
5.1%
40.2%
1.05ร
2025-12-19
3.7%
6.2%
1.39ร
2025-12-26
4.4%
-6.8%
0.42ร
2026-01-02
1.8%
-8.8%
0.51ร
2026-01-09
4.9%
-8.0%
1.29ร
2026-01-16
12.0%
42.9%
1.11ร
2026-01-23
14.0%
53.2%
1.09ร
2026-01-30
6.9%
11.2%
1.30ร
2026-02-06
8.5%
5.7%
1.18ร
2026-02-13
4.7%
-32.5%
2.43ร
2026-02-20
-0.7%
-40.3%
1.28ร
2026-02-27
3.9%
-19.9%
0.90ร
2026-03-06
-10.0%
-37.4%
1.10ร
2026-03-13
-13.6%
-30.4%
0.89ร
2026-03-20
-13.9%
-48.2%
0.91ร
2026-03-27
-10.8%
-58.6%
0.69ร
2026-04-03
1.8%
-36.7%
0.55ร
2026-04-10
10.8%
6.0%
0.70ร
2026-04-17
12.9%
-3.3%
1.28ร
2026-04-24
11.8%
36.2%
1.43ร
2026-05-01
9.0%
28.0%
2.15ร
2026-05-08
12.3%
21.7%
2.09ร
2026-05-15
4.1%
12.3%
1.86ร
2026-05-22
11.7%
21.6%
2.44ร
2026-05-29
14.5%
-7.3%
2.80ร
2026-06-05
5.4%
-32.5%
3.07ร
2026-06-12
15.8%
-4.9%
2.41ร
2026-06-19
-1.5%
-42.6%
1.74ร
2026-06-26
-7.9%
-38.2%
1.40ร
2026-07-03
-13.1%
-33.3%
1.55ร
2026-07-10
-10.6%
-24.9%
2.60ร
2026-07-17
-3.5%
-5.7%
2.38ร
2026-07-24
6.4%
31.3%
2.73ร
2026-07-31
17.9%
49.1%
1.92ร
2026-08-07
21.7%
56.7%
2.98ร
2026-08-14
20.4%
40.9%
1.65ร
2026-08-21
17.2%
21.8%
1.66ร
2026-08-28
11.4%
1.2%
1.24ร
2026-09-04
7.6%
-12.7%
1.78ร
2026-09-11
7.6%
12.5%
0.63ร
2026-09-18
3.2%
20.7%
1.04ร
2026-09-25
1.0%
23.9%
0.88ร
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
9% 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: 18% of the way from the weekly low to high.
Volume-weighted return tilt
1.19 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
64.5 / 100
Price direction30.0 / 30
Closing pressure7.2 / 30
Up-week volume16.5 / 25
Volume confirmation10.9 / 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
3.6%
36
2.9%
0.7 points
Advancing weeks
13 weeks
9
1.5%
16
-0.3%
1.9 points
Declining weeks
4 weeks
16
4.8%
26
3.2%
1.6 points
Declining weeks
13 weeks
10
9.5%
15
2.7%
6.8 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
2021-04-16
2021-05-14
7.7%
High volume
2021-05-14
2021-06-11
-4.3%
High volume
2022-01-07
2022-02-04
-13.7%
High volume
2022-02-04
2022-03-04
-1.5%
High volume
2022-03-04
2022-04-01
15.1%
High volume
2023-01-27
2023-02-24
2.1%
High volume
2023-12-01
2023-12-29
5.3%
High volume
2024-04-12
2024-05-10
4.4%
High volume
2024-05-10
2024-06-07
-7.0%
High volume
2025-02-14
2025-03-14
8.6%
High volume
2025-03-14
2025-04-11
-19.5%
High volume
2025-06-27
2025-07-25
3.4%
High volume
2025-08-01
2025-08-29
3.8%
High volume
2026-02-13
2026-03-13
-13.6%
High volume
2026-05-01
2026-05-29
14.5%
High volume
2026-05-29
2026-06-26
-7.9%
High volume
2026-07-10
2026-08-07
21.7%
High volume
2026-08-07
2026-09-04
7.6%
Ordinary volume
2021-06-11
2021-07-09
8.8%
Ordinary volume
2021-07-23
2021-08-20
12.9%
Ordinary volume
2021-10-29
2021-11-26
-16.2%
Ordinary volume
2021-12-03
2021-12-31
7.6%
Ordinary volume
2022-02-11
2022-03-11
-3.4%
Ordinary volume
2022-03-18
2022-04-15
13.6%
Ordinary volume
2022-05-13
2022-06-10
0.5%
Ordinary volume
2022-07-22
2022-08-19
-2.6%
Ordinary volume
2022-09-09
2022-10-07
-12.3%
Ordinary volume
2022-11-04
2022-12-02
4.8%
Ordinary volume
2022-12-23
2023-01-20
21.9%
Ordinary volume
2023-01-20
2023-02-17
8.5%
Ordinary volume
2023-03-31
2023-04-28
5.1%
Ordinary volume
2023-05-19
2023-06-16
3.0%
Ordinary volume
2023-07-28
2023-08-25
-10.0%
Ordinary volume
2023-08-25
2023-09-22
-4.0%
Ordinary volume
2023-09-29
2023-10-27
-5.6%
Ordinary volume
2023-10-27
2023-11-24
7.2%
Ordinary volume
2023-11-24
2023-12-22
9.0%
Ordinary volume
2023-12-22
2024-01-19
-9.0%
Ordinary volume
2024-01-26
2024-02-23
0.3%
Ordinary volume
2024-03-01
2024-03-29
3.1%
Ordinary volume
2024-04-05
2024-05-03
0.5%
Ordinary volume
2024-06-28
2024-07-26
-3.7%
Ordinary volume
2024-07-26
2024-08-23
-5.6%
Ordinary volume
2024-09-13
2024-10-11
8.3%
Ordinary volume
2024-11-08
2024-12-06
-8.8%
Ordinary volume
2025-01-03
2025-01-31
2.9%
Ordinary volume
2025-05-02
2025-05-30
-3.4%
Ordinary volume
2025-06-06
2025-07-04
11.1%
Ordinary volume
2025-07-04
2025-08-01
-0.4%
Ordinary volume
2025-08-08
2025-09-05
8.1%
Ordinary volume
2025-09-12
2025-10-10
1.7%
Ordinary volume
2025-10-17
2025-11-14
4.9%
Ordinary volume
2025-11-14
2025-12-12
5.1%
Ordinary volume
2026-01-16
2026-02-13
4.7%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-16
2021-07-16
16.1%
High volume
2022-01-07
2022-04-08
1.5%
High volume
2023-01-27
2023-04-28
7.7%
High volume
2023-12-01
2024-03-01
0.1%
High volume
2024-04-12
2024-07-12
-7.5%
High volume
2025-02-14
2025-05-16
-1.6%
High volume
2025-06-27
2025-09-26
12.1%
High volume
2026-02-13
2026-05-15
0.9%
High volume
2026-05-22
2026-08-21
18.0%
Ordinary volume
2021-06-11
2021-09-10
36.6%
Ordinary volume
2021-10-29
2022-01-28
-9.7%
Ordinary volume
2022-02-11
2022-05-13
-1.7%
Ordinary volume
2022-05-13
2022-08-12
-10.7%
Ordinary volume
2022-08-12
2022-11-11
-9.3%
Ordinary volume
2022-11-11
2023-02-10
21.2%
Ordinary volume
2023-03-31
2023-06-30
0.6%
Ordinary volume
2023-07-28
2023-10-27
-15.4%
Ordinary volume
2023-10-27
2024-01-26
8.7%
Ordinary volume
2024-01-26
2024-04-26
9.7%
Ordinary volume
2024-06-28
2024-09-27
-1.3%
Ordinary volume
2024-09-27
2024-12-27
-19.8%
Ordinary volume
2025-01-03
2025-04-04
-3.3%
Ordinary volume
2025-05-02
2025-08-01
12.7%
Ordinary volume
2025-08-08
2025-11-07
13.4%
Ordinary volume
2025-11-14
2026-02-13
20.2%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-30
2021-05-28
-1.1%
High volume
2021-05-28
2021-06-25
-0.9%
High volume
2021-11-05
2021-12-03
6.6%
High volume
2022-02-18
2022-03-18
14.8%
High volume
2022-05-06
2022-06-03
10.5%
High volume
2023-03-10
2023-04-07
-6.5%
High volume
2023-11-03
2023-12-01
13.6%
High volume
2024-05-03
2024-05-31
7.2%
High volume
2024-06-07
2024-07-05
-4.5%
High volume
2024-07-19
2024-08-16
-3.3%
High volume
2025-02-07
2025-03-07
4.8%
High volume
2025-03-21
2025-04-18
-13.4%
High volume
2025-10-31
2025-11-28
4.8%
High volume
2026-05-15
2026-06-12
15.8%
High volume
2026-06-19
2026-07-17
-3.5%
High volume
2026-08-14
2026-09-11
7.6%
Ordinary volume
2021-04-09
2021-05-07
8.6%
Ordinary volume
2021-09-17
2021-10-15
-5.9%
Ordinary volume
2021-11-19
2021-12-17
11.5%
Ordinary volume
2022-01-21
2022-02-18
-12.8%
Ordinary volume
2022-04-22
2022-05-20
-1.7%
Ordinary volume
2022-07-15
2022-08-12
14.1%
Ordinary volume
2022-11-18
2022-12-16
-6.0%
Ordinary volume
2022-12-16
2023-01-13
24.2%
Ordinary volume
2023-02-10
2023-03-10
10.8%
Ordinary volume
2023-07-21
2023-08-18
-8.9%
Ordinary volume
2023-08-18
2023-09-15
2.9%
Ordinary volume
2023-12-08
2024-01-05
4.0%
Ordinary volume
2024-02-02
2024-03-01
4.2%
Ordinary volume
2024-03-08
2024-04-05
5.4%
Ordinary volume
2024-05-31
2024-06-28
-13.0%
Ordinary volume
2024-08-23
2024-09-20
2.6%
Ordinary volume
2024-11-15
2024-12-13
-7.8%
Ordinary volume
2024-12-13
2025-01-10
-7.0%
Ordinary volume
2025-01-10
2025-02-07
4.8%
Ordinary volume
2025-03-28
2025-04-25
-8.3%
Ordinary volume
2025-06-20
2025-07-18
3.4%
Ordinary volume
2025-07-18
2025-08-15
6.9%
Ordinary volume
2025-09-26
2025-10-24
4.8%
Ordinary volume
2025-11-21
2025-12-19
3.7%
Ordinary volume
2026-02-27
2026-03-27
-10.8%
Ordinary volume
2026-08-28
2026-09-25
1.0%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-30
2021-07-30
31.4%
High volume
2021-11-05
2022-02-04
9.9%
High volume
2022-02-18
2022-05-20
15.8%
High volume
2023-03-10
2023-06-09
5.5%
High volume
2023-11-03
2024-02-02
9.1%
High volume
2024-05-03
2024-08-02
-18.0%
High volume
2024-08-02
2024-11-01
3.6%
High volume
2025-02-07
2025-05-09
1.3%
High volume
2025-10-31
2026-01-30
19.1%
High volume
2026-05-15
2026-08-14
25.8%
Ordinary volume
2021-04-09
2021-07-09
15.3%
Ordinary volume
2021-09-17
2021-12-17
-8.9%
Ordinary volume
2022-01-21
2022-04-22
2.7%
Ordinary volume
2022-04-22
2022-07-22
-21.0%
Ordinary volume
2022-08-05
2022-11-04
-10.4%
Ordinary volume
2022-11-18
2023-02-17
33.5%
Ordinary volume
2023-07-21
2023-10-20
-13.6%
Ordinary volume
2023-12-08
2024-03-08
2.5%
Ordinary volume
2024-03-08
2024-06-07
3.1%
Ordinary volume
2024-08-23
2024-11-22
0.5%
Ordinary volume
2024-11-29
2025-02-28
-12.9%
Ordinary volume
2025-03-28
2025-06-27
5.1%
Ordinary volume
2025-07-18
2025-10-17
16.9%
Ordinary volume
2025-11-21
2026-02-20
21.2%
Ordinary volume
2026-02-27
2026-05-29
14.3%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 55.36
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 price42.34
Earlier activity area36.90 โ 51.50
Recent volume balance23.9%
Recent weekly volume1.81ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
34.22
1070521
2025-10-10
33.36
1021153
2025-10-17
33.64
822357
2025-10-24
34.25
706635
2025-10-31
34.14
2539711
2025-11-07
34.39
1224400
2025-11-14
35.29
768685
2025-11-21
34.88
675972
2025-11-28
35.78
586946
2025-12-05
37.33
749523
2025-12-12
37.08
906309
2025-12-19
36.16
1212588
2025-12-26
37.34
372469
2026-01-02
38.01
439979
2026-01-09
38.90
1108772
2026-01-16
40.51
951727
2026-01-23
42.56
970037
2026-01-30
40.64
1173836
2026-02-06
42.22
1066987
2026-02-13
42.40
2213042
2026-02-20
42.28
1192531
2026-02-27
42.23
834179
2026-03-06
38.00
1028238
2026-03-13
36.65
848178
2026-03-20
36.41
849909
2026-03-27
37.65
639626
2026-04-03
38.68
514780
2026-04-10
40.60
612571
2026-04-17
41.09
1087961
2026-04-24
42.08
1257281
2026-05-01
42.15
1996177
2026-05-08
45.58
1944287
2026-05-15
42.78
1727969
2026-05-22
46.99
2347711
2026-05-29
48.25
2802186
2026-06-05
48.02
3220921
2026-06-12
49.55
2594697
2026-06-19
46.30
1906762
2026-06-26
44.44
1533814
2026-07-03
41.75
1771333
2026-07-10
44.30
3070395
2026-07-17
44.70
2916271
2026-07-24
47.30
3812094
2026-07-31
49.24
3131505
2026-08-07
53.90
5210753
2026-08-14
53.81
3026876
2026-08-21
55.45
3061734
2026-08-28
54.84
2378472
2026-09-04
58.00
3513438
2026-09-11
57.90
1372042
2026-09-18
57.23
2260292
2026-09-25
55.36
2029794
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +27.44% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed +0.95% over four weeks. Volume balance is +23.9% on a scale from โ100% to +100%.
Volume and price movement
More volume, clear price movement
Recent median weekly volume is 1.81ร 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
20
0.12
Available
13 weeks
10
-0.97
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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