The latest close is inside the activity area established before the last four weeks. 2 of those four closes were inside that area. Recent volume balance is positive; the estimated activity centre is lower.
52 weeks2025-10-03 to 2026-09-25Weekly volume estimate
The relationship beneath price ยท 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 move30.7%26.2% over thirteen weeks
Latest relative volume3.24ร1.77ร recent four-week median
Closing pressure33.0%Volume-weighted position within weekly ranges
Up-week volume share88.8%11.2% in declining weeks ยท last 13 weeks
13-week range breakoutAt least twice normal volume
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
-5.9%
-12.0%
0.95ร
2025-10-10
-10.5%
-25.8%
0.49ร
2025-10-17
-0.2%
-8.1%
14.98ร
2025-10-24
9.8%
7.4%
2.66ร
2025-10-31
7.8%
-5.4%
2.50ร
2025-11-07
3.8%
-9.9%
1.69ร
2025-11-14
-2.2%
-20.2%
0.69ร
2025-11-21
-12.3%
-70.8%
0.57ร
2025-11-28
-6.8%
-28.0%
1.05ร
2025-12-05
5.1%
26.0%
0.73ร
2025-12-12
-1.1%
22.5%
0.38ร
2025-12-19
1.9%
28.4%
0.55ร
2025-12-26
-3.7%
-17.9%
0.51ร
2026-01-02
-2.5%
-24.9%
0.97ร
2026-01-09
-0.1%
-4.3%
2.05ร
2026-01-16
10.1%
6.1%
5.21ร
2026-01-23
11.0%
-6.0%
3.76ร
2026-01-30
0.2%
-24.8%
2.68ร
2026-02-06
-3.7%
-31.5%
3.07ร
2026-02-13
-8.3%
-50.2%
1.18ร
2026-02-20
-4.4%
-41.2%
0.92ร
2026-02-27
0.7%
-24.5%
2.44ร
2026-03-06
-1.9%
-4.1%
3.11ร
2026-03-13
-4.3%
10.1%
2.02ร
2026-03-20
-5.8%
8.0%
0.84ร
2026-03-27
-8.7%
16.2%
0.89ร
2026-04-03
-4.9%
2.7%
1.76ร
2026-04-10
6.4%
27.7%
1.97ร
2026-04-17
13.5%
47.9%
1.65ร
2026-04-24
16.8%
53.8%
1.40ร
2026-05-01
21.6%
63.5%
0.95ร
2026-05-08
1.9%
18.4%
1.23ร
2026-05-15
-11.0%
-29.5%
1.31ร
2026-05-22
-12.4%
-26.6%
1.13ร
2026-05-29
-23.5%
-54.1%
1.21ร
2026-06-05
-9.5%
-34.6%
0.20ร
2026-06-12
-7.7%
-17.1%
0.23ร
2026-06-19
-6.3%
-57.1%
0.28ร
2026-06-26
-2.8%
27.5%
0.48ร
2026-07-03
-9.3%
29.9%
0.12ร
2026-07-10
-7.9%
44.5%
0.17ร
2026-07-17
-7.3%
52.6%
0.77ร
2026-07-24
3.3%
33.6%
0.17ร
2026-07-31
-5.5%
26.7%
0.15ร
2026-08-07
-1.4%
27.2%
0.12ร
2026-08-14
1.2%
9.3%
0.19ร
2026-08-21
-6.8%
17.0%
0.21ร
2026-08-28
-0.1%
-18.7%
0.47ร
2026-09-04
-1.7%
-21.0%
0.36ร
2026-09-11
-6.9%
-55.5%
0.79ร
2026-09-18
17.8%
20.9%
11.55ร
2026-09-25
30.7%
33.0%
3.24ร
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
92% 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: 82% of the way from the weekly low to high.
Volume-weighted return tilt
10.37 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
77.1 / 100
Price direction30.0 / 30
Closing pressure9.9 / 30
Up-week volume22.2 / 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 1.5ร 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
24
-3.5%
19
-4.3%
0.7 points
Advancing weeks
13 weeks
15
-7.7%
9
-6.3%
-1.4 points
Declining weeks
4 weeks
20
-3.1%
23
-2.0%
-1.2 points
Declining weeks
13 weeks
13
-5.5%
11
-12.0%
6.5 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
2021-04-09
2021-05-07
12.5%
High volume
2021-05-21
2021-06-18
9.9%
High volume
2021-06-18
2021-07-16
0.0%
High volume
2021-10-15
2021-11-12
21.1%
High volume
2022-01-14
2022-02-11
-7.3%
High volume
2022-04-22
2022-05-20
-4.4%
High volume
2022-05-20
2022-06-17
-20.1%
High volume
2022-08-19
2022-09-16
-7.4%
High volume
2022-10-21
2022-11-18
1.3%
High volume
2022-11-18
2022-12-16
-8.2%
High volume
2023-03-10
2023-04-07
34.2%
High volume
2023-04-07
2023-05-05
70.1%
High volume
2023-05-05
2023-06-02
39.9%
High volume
2023-06-02
2023-06-30
-23.5%
High volume
2023-07-07
2023-08-04
-28.5%
High volume
2023-12-01
2023-12-29
16.2%
High volume
2024-04-19
2024-05-17
-7.4%
High volume
2024-08-16
2024-09-13
-8.4%
High volume
2024-10-25
2024-11-22
-11.6%
High volume
2025-07-18
2025-08-15
-2.7%
High volume
2025-10-17
2025-11-14
-2.2%
High volume
2026-01-16
2026-02-13
-8.3%
High volume
2026-02-27
2026-03-27
-8.7%
High volume
2026-04-10
2026-05-08
1.9%
Ordinary volume
2021-11-12
2021-12-10
-14.9%
Ordinary volume
2021-12-17
2022-01-14
14.9%
Ordinary volume
2022-02-18
2022-03-18
-7.8%
Ordinary volume
2023-01-06
2023-02-03
1.8%
Ordinary volume
2023-12-29
2024-01-26
-20.5%
Ordinary volume
2024-12-13
2025-01-10
0.7%
Ordinary volume
2025-01-10
2025-02-07
-11.2%
Ordinary volume
2025-02-14
2025-03-14
2.0%
Ordinary volume
2025-03-14
2025-04-11
-5.9%
Ordinary volume
2025-04-18
2025-05-16
-6.0%
Ordinary volume
2025-05-30
2025-06-27
-2.7%
Ordinary volume
2025-07-04
2025-08-01
-4.8%
Ordinary volume
2025-09-12
2025-10-10
-10.5%
Ordinary volume
2025-11-28
2025-12-26
-3.7%
Ordinary volume
2026-01-02
2026-01-30
0.2%
Ordinary volume
2026-02-13
2026-03-13
-4.3%
Ordinary volume
2026-03-20
2026-04-17
13.5%
Ordinary volume
2026-05-01
2026-05-29
-23.5%
Ordinary volume
2026-07-17
2026-08-14
1.2%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-09
2021-07-09
21.0%
High volume
2021-10-15
2022-01-14
22.4%
High volume
2022-01-14
2022-04-15
-14.3%
High volume
2022-04-22
2022-07-22
-22.3%
High volume
2022-08-19
2022-11-18
-7.7%
High volume
2022-11-18
2023-02-17
-6.2%
High volume
2023-03-10
2023-06-09
198.3%
High volume
2023-07-07
2023-10-06
-43.9%
High volume
2023-12-01
2024-03-01
-4.2%
High volume
2024-04-19
2024-07-19
-20.8%
High volume
2024-08-16
2024-11-15
-26.7%
High volume
2025-07-18
2025-10-17
-10.1%
High volume
2025-10-17
2026-01-16
2.7%
High volume
2026-01-16
2026-04-17
0.7%
High volume
2026-04-17
2026-07-17
-23.2%
Ordinary volume
2021-11-12
2022-02-11
-6.3%
Ordinary volume
2022-02-18
2022-05-20
-11.1%
Ordinary volume
2023-01-06
2023-04-07
57.8%
Ordinary volume
2023-12-29
2024-03-29
-21.7%
Ordinary volume
2024-12-13
2025-03-14
-8.2%
Ordinary volume
2025-03-14
2025-06-13
-4.4%
Ordinary volume
2025-07-04
2025-10-03
-16.4%
Ordinary volume
2025-11-28
2026-02-27
3.4%
Ordinary volume
2026-03-20
2026-06-19
-6.1%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-07-02
2021-07-30
-14.4%
High volume
2021-11-05
2021-12-03
-14.0%
High volume
2022-01-21
2022-02-18
1.6%
High volume
2022-05-27
2022-06-24
-25.8%
High volume
2022-12-09
2023-01-06
-0.6%
High volume
2023-03-17
2023-04-14
58.5%
High volume
2023-04-21
2023-05-19
117.4%
High volume
2023-05-26
2023-06-23
-2.5%
High volume
2023-12-08
2024-01-05
15.5%
High volume
2024-02-09
2024-03-08
-12.1%
High volume
2024-04-26
2024-05-24
-7.1%
High volume
2024-05-24
2024-06-21
-7.9%
High volume
2024-08-30
2024-09-27
-4.4%
High volume
2025-03-28
2025-04-25
5.8%
High volume
2025-06-27
2025-07-25
-0.4%
High volume
2025-10-31
2025-11-28
-6.8%
High volume
2026-01-09
2026-02-06
-3.7%
High volume
2026-02-06
2026-03-06
-1.9%
High volume
2026-03-06
2026-04-03
-4.9%
High volume
2026-04-03
2026-05-01
21.6%
Ordinary volume
2021-11-19
2021-12-17
-4.4%
Ordinary volume
2022-04-29
2022-05-27
-5.3%
Ordinary volume
2022-06-17
2022-07-15
-2.0%
Ordinary volume
2022-10-14
2022-11-11
26.7%
Ordinary volume
2022-12-23
2023-01-20
-0.6%
Ordinary volume
2023-06-23
2023-07-21
-1.4%
Ordinary volume
2024-02-16
2024-03-15
-12.4%
Ordinary volume
2024-05-10
2024-06-07
-7.4%
Ordinary volume
2024-06-21
2024-07-19
-6.2%
Ordinary volume
2024-08-09
2024-09-06
6.3%
Ordinary volume
2024-09-06
2024-10-04
1.7%
Ordinary volume
2024-11-01
2024-11-29
-10.7%
Ordinary volume
2024-12-06
2025-01-03
8.2%
Ordinary volume
2025-01-17
2025-02-14
-8.0%
Ordinary volume
2025-02-28
2025-03-28
-0.4%
Ordinary volume
2025-04-04
2025-05-02
2.4%
Ordinary volume
2025-05-16
2025-06-13
0.6%
Ordinary volume
2025-06-20
2025-07-18
-4.5%
Ordinary volume
2025-07-25
2025-08-22
-5.3%
Ordinary volume
2025-08-22
2025-09-19
-4.7%
Ordinary volume
2025-09-19
2025-10-17
-0.2%
Ordinary volume
2026-03-27
2026-04-24
16.8%
Ordinary volume
2026-05-08
2026-06-05
-9.5%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-07-02
2021-10-01
-24.5%
High volume
2021-11-05
2022-02-04
-5.5%
High volume
2022-05-27
2022-08-26
-3.1%
High volume
2022-12-09
2023-03-10
16.9%
High volume
2023-03-17
2023-06-16
214.4%
High volume
2023-06-16
2023-09-15
-34.7%
High volume
2023-12-08
2024-03-08
-5.2%
High volume
2024-04-26
2024-07-26
-24.1%
High volume
2024-08-30
2024-11-29
-26.4%
High volume
2025-03-28
2025-06-27
-6.7%
High volume
2025-06-27
2025-09-26
-14.8%
High volume
2025-10-31
2026-01-30
-4.3%
High volume
2026-01-30
2026-05-01
8.7%
Ordinary volume
2021-11-19
2022-02-18
4.5%
Ordinary volume
2022-04-29
2022-07-29
-17.7%
Ordinary volume
2022-10-14
2023-01-13
19.4%
Ordinary volume
2023-06-23
2023-09-22
-31.7%
Ordinary volume
2024-02-16
2024-05-17
-8.8%
Ordinary volume
2024-06-21
2024-09-20
-15.4%
Ordinary volume
2024-11-01
2025-01-31
-12.5%
Ordinary volume
2025-02-28
2025-05-30
-4.5%
Ordinary volume
2025-06-20
2025-09-19
-14.0%
Ordinary volume
2025-09-19
2025-12-19
-6.9%
Ordinary volume
2026-03-27
2026-06-26
-12.0%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 2,220.00
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 price2,145.66
Earlier activity area1,986.52 โ 2,381.93
Recent volume balance33.0%
Recent weekly volume1.73ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
2,108.00
299036
2025-10-10
2,040.00
151732
2025-10-17
2,239.14
4557005
2025-10-24
2,336.29
808806
2025-10-31
2,273.14
769262
2025-11-07
2,117.71
535751
2025-11-14
2,190.57
225990
2025-11-21
2,049.71
185526
2025-11-28
2,117.71
341807
2025-12-05
2,224.57
245706
2025-12-12
2,166.29
126681
2025-12-19
2,088.57
177185
2025-12-26
2,040.00
156811
2026-01-02
2,170.00
289958
2026-01-09
2,165.00
601058
2026-01-16
2,300.00
1527370
2026-01-23
2,265.00
1103479
2026-01-30
2,175.00
785484
2026-02-06
2,085.00
901010
2026-02-13
2,110.00
350557
2026-02-20
2,165.00
294443
2026-02-27
2,190.00
781985
2026-03-06
2,045.00
1061214
2026-03-13
2,020.00
698762
2026-03-20
2,040.00
328923
2026-03-27
1,999.00
350396
2026-04-03
1,945.00
617002
2026-04-10
2,150.00
875061
2026-04-17
2,315.00
937239
2026-04-24
2,335.00
794863
2026-05-01
2,365.00
541899
2026-05-08
2,190.00
662347
2026-05-15
2,060.00
747361
2026-05-22
2,045.00
688258
2026-05-29
1,809.00
771576
2026-06-05
1,982.00
134861
2026-06-12
1,901.00
152802
2026-06-19
1,916.00
191511
2026-06-26
1,759.00
323883
2026-07-03
1,798.00
82413
2026-07-10
1,751.00
116110
2026-07-17
1,777.00
522171
2026-07-24
1,817.00
108236
2026-07-31
1,700.00
87763
2026-08-07
1,726.00
63494
2026-08-14
1,799.00
83247
2026-08-21
1,694.00
91012
2026-08-28
1,699.00
203548
2026-09-04
1,697.00
123056
2026-09-11
1,675.00
257406
2026-09-18
1,995.00
3357328
2026-09-25
2,220.00
942215
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -10.00% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed +30.67% over four weeks. Volume balance is +33.0% on a scale from โ100% to +100%.
Volume and price movement
More volume, clear price movement
Recent median weekly volume is 1.73ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
2 of 4 closes inside
Price was below 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
9
-2.45
Available
13 weeks
5
-12.97
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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