The latest close is inside the activity area established before the last four weeks. 4 of those four closes were inside that area. Recent volume balance is negative; the estimated activity centre is lower.
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 move-1.9%1.4% over thirteen weeks
Latest relative volume0.71ร1.59ร recent four-week median
Closing pressure-29.5%Volume-weighted position within weekly ranges
Up-week volume share33.5%44.9% 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
2025-10-10
-9.4%
-46.7%
0.53ร
2025-10-17
-15.7%
-57.7%
1.03ร
2025-10-24
-5.1%
-27.4%
1.11ร
2025-10-31
9.6%
-4.3%
5.31ร
2025-11-07
17.4%
-7.4%
1.20ร
2025-11-14
24.0%
-2.1%
1.76ร
2025-11-21
17.3%
-8.9%
0.72ร
2025-11-28
4.7%
-14.8%
0.80ร
2025-12-05
2.5%
-7.4%
0.37ร
2025-12-12
2.9%
1.6%
0.60ร
2025-12-19
-14.7%
-66.3%
3.67ร
2025-12-26
-9.0%
-59.6%
0.73ร
2026-01-02
-12.8%
-68.8%
0.65ร
2026-01-09
-16.0%
-82.4%
1.60ร
2026-01-16
-4.9%
-78.8%
2.58ร
2026-01-23
-13.7%
-92.2%
4.68ร
2026-01-30
-7.1%
-40.9%
4.51ร
2026-02-06
-2.9%
-35.2%
2.03ร
2026-02-13
0.0%
-28.1%
2.04ร
2026-02-20
8.4%
7.5%
0.91ร
2026-02-27
3.0%
-51.8%
3.54ร
2026-03-06
2.1%
-34.9%
1.25ร
2026-03-13
-13.6%
-58.7%
4.60ร
2026-03-20
-21.2%
-42.9%
4.48ร
2026-03-27
-24.0%
-40.0%
4.36ร
2026-04-03
-24.7%
-50.2%
3.53ร
2026-04-10
-4.3%
6.0%
4.29ร
2026-04-17
-6.7%
-3.8%
1.82ร
2026-04-24
-4.1%
-5.2%
1.59ร
2026-05-01
0.3%
7.1%
2.79ร
2026-05-08
-1.8%
-47.8%
1.69ร
2026-05-15
-0.8%
-50.8%
0.64ร
2026-05-22
0.0%
-39.4%
0.74ร
2026-05-29
-2.5%
-65.4%
0.16ร
2026-06-05
-6.1%
-52.0%
0.04ร
2026-06-12
0.0%
-27.6%
0.07ร
2026-06-19
0.9%
-13.0%
0.05ร
2026-06-26
2.3%
1.8%
0.00ร
2026-07-03
4.6%
-7.4%
0.02ร
2026-07-10
2.8%
-71.8%
0.57ร
2026-07-17
3.9%
-83.5%
0.53ร
2026-07-24
3.6%
-55.7%
0.22ร
2026-07-31
3.3%
-61.0%
0.27ร
2026-08-07
3.5%
-39.2%
1.36ร
2026-08-14
2.2%
-22.0%
0.07ร
2026-08-21
-0.3%
-15.2%
0.44ร
2026-08-28
-2.1%
-14.6%
0.55ร
2026-09-04
-3.2%
-54.0%
2.81ร
2026-09-11
-1.3%
-12.3%
2.03ร
2026-09-18
-1.3%
-27.1%
0.44ร
2026-09-25
-1.9%
-29.5%
0.71ร
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
41% 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: 9% of the way from the weekly low to high.
Volume-weighted return tilt
-0.12 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
23.4 / 100
Price direction15.0 / 30
Closing pressure0.0 / 30
Up-week volume8.4 / 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
3.3%
14
-0.3%
3.6 points
Advancing weeks
13 weeks
10
12.5%
8
-3.5%
16.0 points
Declining weeks
4 weeks
14
0.5%
13
3.2%
-2.7 points
Declining weeks
13 weeks
7
โ
7
โ
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 ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-03-19
2021-04-16
17.2%
High volume
2021-06-18
2021-07-16
-13.6%
High volume
2021-08-20
2021-09-17
2.9%
High volume
2021-09-17
2021-10-15
34.3%
High volume
2021-10-29
2021-11-26
-21.0%
High volume
2023-05-05
2023-06-02
6.6%
High volume
2023-06-09
2023-07-07
7.8%
High volume
2023-07-07
2023-08-04
17.0%
High volume
2023-08-04
2023-09-01
12.8%
High volume
2023-09-01
2023-09-29
-5.3%
High volume
2023-10-27
2023-11-24
3.7%
High volume
2023-12-01
2023-12-29
19.2%
High volume
2024-11-01
2024-11-29
-2.8%
High volume
2025-01-24
2025-02-21
-3.6%
High volume
2025-10-31
2025-11-28
4.7%
High volume
2026-01-30
2026-02-27
3.0%
High volume
2026-04-10
2026-05-08
-1.8%
High volume
2026-05-08
2026-06-05
-6.1%
Ordinary volume
2021-06-11
2021-07-09
-10.1%
Ordinary volume
2021-10-22
2021-11-19
-7.9%
Ordinary volume
2022-03-11
2022-04-08
0.0%
Ordinary volume
2022-12-30
2023-01-27
1.0%
Ordinary volume
2023-06-30
2023-07-28
22.3%
Ordinary volume
2023-10-06
2023-11-03
7.7%
Ordinary volume
2023-11-10
2023-12-08
12.7%
Ordinary volume
2023-12-15
2024-01-12
-2.9%
Ordinary volume
2024-01-26
2024-02-23
-1.7%
Ordinary volume
2024-12-20
2025-01-17
-0.6%
Ordinary volume
2025-02-21
2025-03-21
5.2%
Ordinary volume
2025-10-24
2025-11-21
17.3%
Ordinary volume
2025-11-28
2025-12-26
-9.0%
Ordinary volume
2026-02-20
2026-03-20
-21.2%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-03-19
2021-06-18
22.4%
High volume
2021-06-18
2021-09-17
-17.8%
High volume
2021-09-17
2021-12-17
33.1%
High volume
2023-05-05
2023-08-04
38.0%
High volume
2023-08-04
2023-11-03
19.7%
High volume
2023-11-03
2024-02-02
24.3%
High volume
2024-11-01
2025-01-31
-1.9%
High volume
2025-10-31
2026-01-30
-14.6%
High volume
2026-01-30
2026-05-01
-23.2%
High volume
2026-05-01
2026-07-31
5.3%
Ordinary volume
2021-06-11
2021-09-10
-18.2%
Ordinary volume
2021-10-22
2022-01-21
-30.5%
Ordinary volume
2022-12-30
2023-03-31
0.0%
Ordinary volume
2023-06-30
2023-09-29
34.1%
Ordinary volume
2023-10-06
2024-01-05
27.7%
Ordinary volume
2024-12-20
2025-03-21
1.1%
Ordinary volume
2025-10-24
2026-01-23
-7.0%
Ordinary volume
2026-02-20
2026-05-22
-28.0%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-11-05
2021-12-03
-11.4%
High volume
2022-11-11
2022-12-09
1.0%
High volume
2022-12-16
2023-01-13
3.0%
High volume
2023-03-31
2023-04-28
-1.0%
High volume
2023-05-19
2023-06-16
1.3%
High volume
2023-06-16
2023-07-14
10.4%
High volume
2023-07-28
2023-08-25
14.0%
High volume
2023-11-24
2023-12-22
11.4%
High volume
2025-11-14
2025-12-12
2.9%
High volume
2025-12-19
2026-01-16
-4.9%
High volume
2026-01-16
2026-02-13
0.0%
High volume
2026-02-13
2026-03-13
-13.6%
High volume
2026-03-13
2026-04-10
-4.3%
High volume
2026-04-17
2026-05-15
-0.8%
Ordinary volume
2021-04-02
2021-04-30
26.7%
Ordinary volume
2021-06-04
2021-07-02
-5.1%
Ordinary volume
2021-08-06
2021-09-03
1.3%
Ordinary volume
2021-10-08
2021-11-05
20.7%
Ordinary volume
2023-02-10
2023-03-10
1.9%
Ordinary volume
2023-03-17
2023-04-14
-2.9%
Ordinary volume
2023-09-29
2023-10-27
8.0%
Ordinary volume
2023-12-22
2024-01-19
3.2%
Ordinary volume
2024-01-19
2024-02-16
6.2%
Ordinary volume
2024-03-01
2024-03-29
20.5%
Ordinary volume
2025-01-17
2025-02-14
-8.3%
Ordinary volume
2025-10-17
2025-11-14
24.0%
Ordinary volume
2026-03-06
2026-04-03
-24.7%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-11-05
2022-02-04
-31.1%
High volume
2022-11-11
2023-02-10
2.0%
High volume
2023-03-31
2023-06-30
12.0%
High volume
2023-07-28
2023-10-27
18.4%
High volume
2023-11-24
2024-02-23
26.4%
High volume
2025-11-14
2026-02-13
-17.2%
High volume
2026-02-13
2026-05-15
-22.7%
Ordinary volume
2021-04-02
2021-07-02
12.1%
Ordinary volume
2021-08-06
2021-11-05
75.0%
Ordinary volume
2023-02-10
2023-05-12
10.6%
Ordinary volume
2023-09-29
2023-12-29
44.0%
Ordinary volume
2024-01-05
2024-04-05
44.0%
Ordinary volume
2025-10-17
2026-01-16
2.7%
Ordinary volume
2026-03-06
2026-06-05
-26.4%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 1,825.00
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 price1,842.92
Earlier activity area1,700.00 โ 2,435.00
Recent volume balance-29.6%
Recent weekly volume1.65ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
2,510.00
446000
2025-10-10
2,410.00
274300
2025-10-17
2,250.00
495800
2025-10-24
2,430.00
532000
2025-10-31
2,750.00
2633200
2025-11-07
2,830.00
593100
2025-11-14
2,790.00
873500
2025-11-21
2,850.00
369600
2025-11-28
2,880.00
396400
2025-12-05
2,900.00
181500
2025-12-12
2,870.00
287600
2025-12-19
2,430.00
1760900
2025-12-26
2,620.00
352800
2026-01-02
2,530.00
294600
2026-01-09
2,410.00
727700
2026-01-16
2,310.00
1238600
2026-01-23
2,260.00
2320100
2026-01-30
2,350.00
2239100
2026-02-06
2,340.00
1045500
2026-02-13
2,310.00
1048400
2026-02-20
2,450.00
469900
2026-02-27
2,420.00
1754700
2026-03-06
2,390.00
640000
2026-03-13
1,995.00
2451300
2026-03-20
1,930.00
2522100
2026-03-27
1,840.00
2685900
2026-04-03
1,800.00
2416900
2026-04-10
1,910.00
3433900
2026-04-17
1,800.00
1746900
2026-04-24
1,765.00
1669400
2026-05-01
1,805.00
3192600
2026-05-08
1,875.00
1928400
2026-05-15
1,785.00
928800
2026-05-22
1,765.00
1072400
2026-05-29
1,760.00
237500
2026-06-05
1,760.00
63500
2026-06-12
1,785.00
106100
2026-06-19
1,780.00
74000
2026-06-26
1,800.00
2800
2026-07-03
1,840.00
24800
2026-07-10
1,835.00
662400
2026-07-17
1,850.00
615300
2026-07-24
1,865.00
231900
2026-07-31
1,900.00
280400
2026-08-07
1,900.00
1347000
2026-08-14
1,890.00
70200
2026-08-21
1,860.00
346200
2026-08-28
1,860.00
434000
2026-09-04
1,840.00
1827400
2026-09-11
1,865.00
1618400
2026-09-18
1,835.00
351300
2026-09-25
1,825.00
451100
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -14.55% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -1.88% over four weeks. Volume balance is -29.5% on a scale from โ100% to +100%.
Volume and price movement
More volume, clear price movement
Recent median weekly volume is 1.65ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
4 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 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
8
0.14
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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