The latest close is inside the activity area established before the last four weeks. 3 of those four closes were inside 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 · 2026-09-25
Volume-supported advance
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move6.6%-10.8% over thirteen weeks
Latest relative volume1.71×2.19× recent four-week median
Closing pressure77.3%Volume-weighted position within weekly ranges
Up-week volume share60.9%39.1% in declining weeks · 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
18.0%
28.0%
0.66×
2025-10-10
13.5%
1.7%
0.97×
2025-10-17
-3.8%
-19.9%
0.94×
2025-10-24
7.8%
17.7%
1.38×
2025-10-31
-0.5%
5.2%
0.63×
2025-11-07
-15.8%
-26.0%
1.73×
2025-11-14
-8.9%
-21.9%
0.90×
2025-11-21
-17.0%
-56.4%
0.79×
2025-11-28
-13.0%
-44.8%
0.85×
2025-12-05
1.5%
-1.7%
0.80×
2025-12-12
3.2%
-4.4%
0.99×
2025-12-19
6.2%
7.2%
0.94×
2025-12-26
9.6%
14.7%
0.68×
2026-01-02
10.8%
29.3%
0.62×
2026-01-09
15.0%
41.1%
0.88×
2026-01-16
18.0%
62.6%
0.98×
2026-01-23
19.7%
71.5%
0.95×
2026-01-30
26.0%
74.5%
1.07×
2026-02-06
13.8%
44.8%
0.89×
2026-02-13
17.6%
58.0%
1.37×
2026-02-20
10.0%
24.7%
0.92×
2026-02-27
-2.5%
-12.5%
0.71×
2026-03-06
-7.6%
-11.6%
0.86×
2026-03-13
-8.3%
-36.8%
0.73×
2026-03-20
-6.3%
-22.0%
0.58×
2026-03-27
-6.0%
1.4%
1.09×
2026-04-03
-2.6%
10.0%
0.66×
2026-04-10
-2.0%
12.7%
0.85×
2026-04-17
1.5%
20.2%
0.92×
2026-04-24
5.6%
26.2%
0.73×
2026-05-01
11.5%
47.3%
0.57×
2026-05-08
12.5%
44.9%
0.93×
2026-05-15
2.6%
23.8%
0.71×
2026-05-22
2.9%
33.2%
0.66×
2026-05-29
0.5%
29.7%
0.19×
2026-06-05
-8.2%
-4.2%
0.09×
2026-06-12
-2.2%
41.4%
0.20×
2026-06-19
7.8%
-28.7%
0.12×
2026-06-26
9.8%
-12.3%
0.17×
2026-07-03
2.7%
-26.1%
0.19×
2026-07-10
2.5%
-21.8%
0.21×
2026-07-17
-6.1%
-3.2%
0.16×
2026-07-24
-13.5%
-1.6%
0.25×
2026-07-31
-9.8%
47.5%
0.36×
2026-08-07
-13.1%
43.3%
0.25×
2026-08-14
-12.8%
25.4%
0.30×
2026-08-21
0.1%
44.1%
0.49×
2026-08-28
-0.2%
-26.6%
1.66×
2026-09-04
4.3%
19.3%
2.40×
2026-09-11
11.6%
50.6%
2.56×
2026-09-18
1.2%
47.6%
1.99×
2026-09-25
6.6%
77.3%
1.71×
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
37% 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: 90% of the way from the weekly low to high.
Volume-weighted return tilt
1.40 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
68.4 / 100
Price direction15.0 / 30
Closing pressure23.2 / 30
Up-week volume15.2 / 25
Volume confirmation15.0 / 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 1.5× its preceding 26-week median; ordinary volume is 0.75–1.25×. Returns start at that week’s 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
20
0.8%
38
6.1%
-5.4 points
Advancing weeks
13 weeks
10
6.3%
16
13.8%
-7.5 points
Declining weeks
4 weeks
10
2.5%
29
-2.6%
5.1 points
Declining weeks
13 weeks
6
—
15
—
Limited sample
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 · 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-07-30
2021-08-27
25.9%
High volume
2021-09-10
2021-10-08
9.8%
High volume
2021-11-12
2021-12-10
47.2%
High volume
2021-12-10
2022-01-07
-5.1%
High volume
2022-01-07
2022-02-04
-6.3%
High volume
2022-02-04
2022-03-04
-7.9%
High volume
2022-03-18
2022-04-15
17.5%
High volume
2022-04-15
2022-05-13
-9.8%
High volume
2022-06-03
2022-07-01
-21.5%
High volume
2022-07-29
2022-08-26
17.2%
High volume
2022-08-26
2022-09-23
6.9%
High volume
2022-11-18
2022-12-16
12.3%
High volume
2023-03-03
2023-03-31
-1.0%
High volume
2023-09-15
2023-10-13
-3.7%
High volume
2024-05-10
2024-06-07
7.9%
High volume
2024-12-06
2025-01-03
1.6%
High volume
2025-01-10
2025-02-07
0.0%
High volume
2025-03-07
2025-04-04
-17.2%
High volume
2025-04-18
2025-05-16
23.1%
High volume
2025-05-16
2025-06-13
-14.9%
Ordinary volume
2021-04-30
2021-05-28
-3.2%
Ordinary volume
2021-05-28
2021-06-25
4.6%
Ordinary volume
2021-06-25
2021-07-23
0.3%
Ordinary volume
2021-09-24
2021-10-22
16.5%
Ordinary volume
2021-10-22
2021-11-19
10.6%
Ordinary volume
2022-05-27
2022-06-24
-12.2%
Ordinary volume
2022-07-22
2022-08-19
31.6%
Ordinary volume
2022-09-16
2022-10-14
0.3%
Ordinary volume
2022-10-21
2022-11-18
28.4%
Ordinary volume
2022-12-02
2022-12-30
19.0%
Ordinary volume
2023-01-20
2023-02-17
-3.6%
Ordinary volume
2023-03-24
2023-04-21
19.4%
Ordinary volume
2023-05-12
2023-06-09
20.4%
Ordinary volume
2023-06-09
2023-07-07
11.9%
Ordinary volume
2023-07-07
2023-08-04
15.3%
Ordinary volume
2023-08-04
2023-09-01
-6.1%
Ordinary volume
2023-09-08
2023-10-06
4.4%
Ordinary volume
2023-11-03
2023-12-01
-6.0%
Ordinary volume
2024-01-12
2024-02-09
13.2%
Ordinary volume
2024-02-09
2024-03-08
4.2%
Ordinary volume
2024-03-08
2024-04-05
6.9%
Ordinary volume
2024-04-26
2024-05-24
12.2%
Ordinary volume
2024-05-31
2024-06-28
10.1%
Ordinary volume
2024-06-28
2024-07-26
-16.8%
Ordinary volume
2024-08-16
2024-09-13
-8.2%
Ordinary volume
2024-09-27
2024-10-25
-14.0%
Ordinary volume
2024-11-08
2024-12-06
7.0%
Ordinary volume
2024-12-27
2025-01-24
5.4%
Ordinary volume
2025-05-09
2025-06-06
-9.4%
Ordinary volume
2025-06-13
2025-07-11
15.5%
Ordinary volume
2025-07-25
2025-08-22
12.1%
Ordinary volume
2025-08-29
2025-09-26
2.6%
Ordinary volume
2025-10-10
2025-11-07
-15.8%
Ordinary volume
2025-11-14
2025-12-12
3.2%
Ordinary volume
2025-12-12
2026-01-09
15.0%
Ordinary volume
2026-01-09
2026-02-06
13.8%
Ordinary volume
2026-04-10
2026-05-08
12.5%
Ordinary volume
2026-05-08
2026-06-05
-8.2%
Advancing weeks · 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-07-30
2021-10-29
79.4%
High volume
2021-11-12
2022-02-11
40.6%
High volume
2022-02-11
2022-05-13
-4.6%
High volume
2022-06-03
2022-09-02
17.9%
High volume
2022-11-18
2023-02-17
31.7%
High volume
2023-03-03
2023-06-02
9.7%
High volume
2023-09-15
2023-12-15
-19.6%
High volume
2024-05-10
2024-08-09
-12.9%
High volume
2024-12-06
2025-03-07
2.9%
High volume
2025-03-07
2025-06-06
-7.8%
Ordinary volume
2021-04-30
2021-07-30
9.9%
Ordinary volume
2021-09-24
2021-12-24
43.1%
Ordinary volume
2022-05-27
2022-08-26
15.7%
Ordinary volume
2022-09-16
2022-12-16
47.8%
Ordinary volume
2022-12-16
2023-03-17
31.8%
Ordinary volume
2023-03-24
2023-06-23
23.8%
Ordinary volume
2023-07-07
2023-10-06
15.4%
Ordinary volume
2023-11-03
2024-02-02
-0.1%
Ordinary volume
2024-02-09
2024-05-10
13.1%
Ordinary volume
2024-05-31
2024-08-30
-21.0%
Ordinary volume
2024-09-27
2024-12-27
-7.2%
Ordinary volume
2024-12-27
2025-03-28
-12.5%
Ordinary volume
2025-05-09
2025-08-08
14.5%
Ordinary volume
2025-08-29
2025-11-28
-8.2%
Ordinary volume
2025-11-28
2026-02-27
38.4%
Ordinary volume
2026-04-10
2026-07-10
6.3%
Declining weeks · 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-12-17
2022-01-14
-3.8%
High volume
2022-04-22
2022-05-20
-11.3%
High volume
2022-06-10
2022-07-08
-4.5%
High volume
2022-08-12
2022-09-09
9.5%
High volume
2024-11-29
2024-12-27
3.5%
High volume
2025-01-17
2025-02-14
1.0%
High volume
2025-02-14
2025-03-14
4.8%
High volume
2025-03-21
2025-04-18
8.5%
High volume
2025-11-07
2025-12-05
1.5%
High volume
2026-08-28
2026-09-25
6.6%
Ordinary volume
2021-04-16
2021-05-14
-4.2%
Ordinary volume
2021-08-20
2021-09-17
18.9%
Ordinary volume
2022-01-21
2022-02-18
8.6%
Ordinary volume
2022-02-18
2022-03-18
-5.9%
Ordinary volume
2022-04-29
2022-05-27
-5.0%
Ordinary volume
2022-06-17
2022-07-15
-7.9%
Ordinary volume
2022-10-14
2022-11-11
14.4%
Ordinary volume
2023-01-06
2023-02-03
-5.6%
Ordinary volume
2023-02-03
2023-03-03
25.8%
Ordinary volume
2023-03-31
2023-04-28
2.8%
Ordinary volume
2023-04-28
2023-05-26
-1.0%
Ordinary volume
2023-07-14
2023-08-11
17.4%
Ordinary volume
2023-08-18
2023-09-15
4.6%
Ordinary volume
2023-09-22
2023-10-20
-6.7%
Ordinary volume
2023-10-20
2023-11-17
-4.7%
Ordinary volume
2023-12-01
2023-12-29
-12.2%
Ordinary volume
2024-02-16
2024-03-15
3.1%
Ordinary volume
2024-07-12
2024-08-09
-24.1%
Ordinary volume
2024-08-09
2024-09-06
-6.2%
Ordinary volume
2024-09-06
2024-10-04
-11.4%
Ordinary volume
2024-10-04
2024-11-01
-5.9%
Ordinary volume
2024-11-01
2024-11-29
6.5%
Ordinary volume
2024-12-13
2025-01-10
4.6%
Ordinary volume
2025-04-11
2025-05-09
26.0%
Ordinary volume
2025-09-05
2025-10-03
18.0%
Ordinary volume
2025-10-17
2025-11-14
-8.9%
Ordinary volume
2025-11-21
2025-12-19
6.2%
Ordinary volume
2026-02-06
2026-03-06
-7.6%
Ordinary volume
2026-03-06
2026-04-03
-2.6%
Declining weeks · 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-12-17
2022-03-18
-7.3%
High volume
2022-04-22
2022-07-22
-20.9%
High volume
2022-08-12
2022-11-11
30.7%
High volume
2024-11-29
2025-02-28
-1.5%
High volume
2025-03-21
2025-06-20
9.7%
High volume
2025-11-07
2026-02-06
36.5%
Ordinary volume
2021-04-16
2021-07-16
-0.1%
Ordinary volume
2021-08-20
2021-11-19
59.8%
Ordinary volume
2022-01-21
2022-04-22
15.4%
Ordinary volume
2022-04-29
2022-07-29
-6.2%
Ordinary volume
2022-10-14
2023-01-13
52.4%
Ordinary volume
2023-01-27
2023-04-28
21.3%
Ordinary volume
2023-04-28
2023-07-28
43.0%
Ordinary volume
2023-08-18
2023-11-17
-11.1%
Ordinary volume
2023-12-01
2024-03-01
9.2%
Ordinary volume
2024-03-01
2024-05-31
27.6%
Ordinary volume
2024-07-12
2024-10-11
-39.7%
Ordinary volume
2024-10-25
2025-01-24
13.7%
Ordinary volume
2025-04-11
2025-07-11
33.5%
Ordinary volume
2025-09-05
2025-12-05
3.7%
Ordinary volume
2026-02-06
2026-05-08
9.0%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 290.00
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 price289.64
Earlier activity area214.81 – 294.99
Recent volume balance77.3%
Recent weekly volume1.14×
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
248.38
18314431
2025-10-10
255.40
27251027
2025-10-17
238.80
25629386
2025-10-24
258.91
37161551
2025-10-31
247.22
16901818
2025-11-07
215.17
45897060
2025-11-14
217.51
23966385
2025-11-21
214.89
20616669
2025-11-28
214.99
21303750
2025-12-05
218.45
20053555
2025-12-12
224.53
24600872
2025-12-19
228.18
22922733
2025-12-26
235.52
16565595
2026-01-02
242.07
15026516
2026-01-09
258.21
20862443
2026-01-16
269.20
22718980
2026-01-23
281.83
22054681
2026-01-30
304.98
24452040
2026-02-06
293.76
20313733
2026-02-13
316.68
31356276
2026-02-20
309.90
21472641
2026-02-27
297.50
16193124
2026-03-06
271.31
19355098
2026-03-13
290.48
15790432
2026-03-20
290.25
12352288
2026-03-27
279.75
22903047
2026-04-03
264.25
14137925
2026-04-10
284.75
18265463
2026-04-17
294.50
19292583
2026-04-24
295.50
15196416
2026-05-01
294.50
11604043
2026-05-08
320.25
19058820
2026-05-15
302.00
14429692
2026-05-22
304.00
12965254
2026-05-29
296.00
3726599
2026-06-05
294.00
1681088
2026-06-12
295.50
3808752
2026-06-19
327.75
2085294
2026-06-26
325.00
2851463
2026-07-03
302.00
3098666
2026-07-10
302.75
3287662
2026-07-17
307.75
2457619
2026-07-24
281.00
3722960
2026-07-31
272.50
5090149
2026-08-07
263.00
3434855
2026-08-14
268.50
3794204
2026-08-21
281.25
5859006
2026-08-28
272.00
14507055
2026-09-04
274.25
20927872
2026-09-11
299.75
22356324
2026-09-18
284.50
17354046
2026-09-25
290.00
14923466
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +5.47% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed +6.62% over four weeks. Volume balance is +77.3% on a scale from −100% to +100%.
Volume and price movement
Recent volume is close to its earlier norm
Recent median weekly volume is 1.14× the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
3 of 4 closes inside
Price was inside 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
Watch which boundary price moves beyond and whether later closes remain outside it.
Returning inside
Price is currently inside the earlier area. Repeated closes here would show that activity remains in the same price range.
Price and volume disagreeing
There is no clear disagreement at present. Check whether volume balance continues to support any further price move.
Same stock · 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
5.72
Available
13 weeks
6
21.94
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. “Start from a date” 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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