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
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 move50.9%54.4% over thirteen weeks
Latest relative volume2.63ร2.16ร recent four-week median
Closing pressure56.7%Volume-weighted position within weekly ranges
Up-week volume share74.3%25.7% 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
45.0%
50.5%
16.78ร
2025-10-10
36.9%
40.7%
2.21ร
2025-10-17
34.2%
26.0%
10.61ร
2025-10-24
57.9%
35.4%
12.16ร
2025-10-31
25.3%
15.8%
4.50ร
2025-11-07
16.3%
19.4%
3.41ร
2025-11-14
15.9%
19.5%
5.76ร
2025-11-21
-6.9%
-16.5%
4.37ร
2025-11-28
-12.7%
-31.4%
2.06ร
2025-12-05
-3.9%
-34.4%
1.44ร
2025-12-12
-12.9%
-47.8%
0.91ร
2025-12-19
-10.8%
-6.2%
0.88ร
2025-12-26
-0.5%
-3.5%
0.73ร
2026-01-02
9.1%
7.0%
0.76ร
2026-01-09
36.2%
37.5%
5.41ร
2026-01-16
55.1%
33.6%
2.62ร
2026-01-23
34.4%
27.7%
0.86ร
2026-01-30
43.0%
15.0%
2.51ร
2026-02-06
3.7%
-14.4%
1.19ร
2026-02-13
17.7%
-6.3%
2.04ร
2026-02-20
28.6%
-1.5%
0.25ร
2026-02-27
4.5%
-0.3%
0.57ร
2026-03-06
19.7%
30.9%
0.56ร
2026-03-13
-11.0%
25.3%
0.44ร
2026-03-20
6.5%
52.5%
1.03ร
2026-03-27
-4.2%
44.3%
0.53ร
2026-04-03
-20.3%
6.1%
0.73ร
2026-04-10
-1.7%
19.0%
0.58ร
2026-04-17
-18.2%
-13.5%
0.44ร
2026-04-24
0.4%
21.9%
0.85ร
2026-05-01
17.5%
39.5%
0.56ร
2026-05-08
5.6%
5.4%
0.63ร
2026-05-15
-8.7%
-22.8%
0.92ร
2026-05-22
-5.8%
-31.1%
0.77ร
2026-05-29
-16.2%
-34.0%
0.76ร
2026-06-05
-19.4%
-15.5%
0.14ร
2026-06-12
-1.9%
-3.1%
0.55ร
2026-06-19
-15.6%
-54.9%
0.19ร
2026-06-26
-14.5%
-41.0%
0.12ร
2026-07-03
-7.7%
-41.3%
0.11ร
2026-07-10
-22.5%
8.3%
0.30ร
2026-07-17
-22.9%
9.2%
0.52ร
2026-07-24
-17.7%
-5.8%
0.22ร
2026-07-31
-18.4%
4.9%
0.38ร
2026-08-07
5.9%
1.0%
0.18ร
2026-08-14
21.4%
3.3%
0.12ร
2026-08-21
19.1%
20.2%
0.13ร
2026-08-28
20.8%
8.8%
0.36ร
2026-09-04
34.1%
68.6%
4.37ร
2026-09-11
16.1%
38.2%
1.70ร
2026-09-18
34.5%
43.1%
1.29ร
2026-09-25
50.9%
56.7%
2.63ร
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
83% 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: 98% of the way from the weekly low to high.
Volume-weighted return tilt
8.63 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
80.6 / 100
Price direction30.0 / 30
Closing pressure17.0 / 30
Up-week volume18.6 / 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
25
3.5%
27
2.2%
1.3 points
Advancing weeks
13 weeks
14
1.3%
13
3.8%
-2.6 points
Declining weeks
4 weeks
16
1.9%
24
-1.7%
3.6 points
Declining weeks
13 weeks
8
14.1%
14
-2.9%
17.0 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
-1.1%
High volume
2021-07-02
2021-07-30
7.2%
High volume
2021-07-30
2021-08-27
9.5%
High volume
2021-12-24
2022-01-21
-6.7%
High volume
2022-05-06
2022-06-03
-11.9%
High volume
2022-12-09
2023-01-06
-8.6%
High volume
2023-03-17
2023-04-14
53.4%
High volume
2023-04-14
2023-05-12
-14.3%
High volume
2023-05-19
2023-06-16
4.2%
High volume
2023-06-16
2023-07-14
7.5%
High volume
2023-09-15
2023-10-13
-15.7%
High volume
2023-12-15
2024-01-12
3.5%
High volume
2024-01-26
2024-02-23
35.8%
High volume
2024-02-23
2024-03-22
9.5%
High volume
2024-03-29
2024-04-26
52.2%
High volume
2024-05-03
2024-05-31
6.3%
High volume
2024-05-31
2024-06-28
26.7%
High volume
2024-06-28
2024-07-26
-37.8%
High volume
2025-01-10
2025-02-07
-16.7%
High volume
2025-02-21
2025-03-21
-16.8%
High volume
2025-03-21
2025-04-18
-9.8%
High volume
2025-10-03
2025-10-31
25.3%
High volume
2025-10-31
2025-11-28
-12.7%
High volume
2026-01-09
2026-02-06
3.7%
High volume
2026-02-13
2026-03-13
-11.0%
Ordinary volume
2021-04-16
2021-05-14
-8.1%
Ordinary volume
2021-06-25
2021-07-23
11.0%
Ordinary volume
2021-10-29
2021-11-26
1.3%
Ordinary volume
2021-12-03
2021-12-31
18.8%
Ordinary volume
2022-01-14
2022-02-11
-15.1%
Ordinary volume
2022-04-22
2022-05-20
-8.7%
Ordinary volume
2022-10-07
2022-11-04
-5.1%
Ordinary volume
2022-11-11
2022-12-09
15.1%
Ordinary volume
2023-01-06
2023-02-03
8.1%
Ordinary volume
2023-05-05
2023-06-02
3.4%
Ordinary volume
2023-06-02
2023-06-30
6.6%
Ordinary volume
2023-06-30
2023-07-28
5.7%
Ordinary volume
2023-07-28
2023-08-25
-4.9%
Ordinary volume
2023-08-25
2023-09-22
2.6%
Ordinary volume
2023-11-03
2023-12-01
-15.3%
Ordinary volume
2023-12-29
2024-01-26
2.5%
Ordinary volume
2024-02-16
2024-03-15
66.4%
Ordinary volume
2024-10-18
2024-11-15
-25.2%
Ordinary volume
2025-01-03
2025-01-31
10.7%
Ordinary volume
2025-02-14
2025-03-14
-19.1%
Ordinary volume
2025-04-04
2025-05-02
2.2%
Ordinary volume
2025-05-16
2025-06-13
2.5%
Ordinary volume
2025-06-13
2025-07-11
-7.4%
Ordinary volume
2026-01-02
2026-01-30
43.0%
Ordinary volume
2026-03-20
2026-04-17
-18.2%
Ordinary volume
2026-04-24
2026-05-22
-5.8%
Ordinary volume
2026-05-22
2026-06-19
-15.6%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-09
2021-07-09
16.8%
High volume
2021-07-09
2021-10-08
-19.2%
High volume
2021-12-24
2022-03-25
-10.6%
High volume
2022-05-06
2022-08-05
-22.8%
High volume
2022-12-09
2023-03-10
-7.5%
High volume
2023-03-17
2023-06-16
43.9%
High volume
2023-06-16
2023-09-15
19.6%
High volume
2023-09-15
2023-12-15
-31.5%
High volume
2023-12-15
2024-03-15
73.0%
High volume
2024-03-29
2024-06-28
108.6%
High volume
2024-06-28
2024-09-27
-42.5%
High volume
2025-01-10
2025-04-11
-25.6%
High volume
2025-10-03
2026-01-02
24.7%
High volume
2026-01-09
2026-04-10
10.0%
Ordinary volume
2021-04-16
2021-07-16
11.8%
Ordinary volume
2021-10-29
2022-01-28
3.8%
Ordinary volume
2022-04-22
2022-07-22
-28.4%
Ordinary volume
2022-10-07
2023-01-06
9.7%
Ordinary volume
2023-01-06
2023-04-07
28.9%
Ordinary volume
2023-05-05
2023-08-04
14.7%
Ordinary volume
2023-08-25
2023-11-24
-20.1%
Ordinary volume
2023-12-29
2024-03-29
102.4%
Ordinary volume
2024-10-18
2025-01-17
1.0%
Ordinary volume
2025-01-24
2025-04-25
-19.6%
Ordinary volume
2025-05-16
2025-08-15
-11.5%
Ordinary volume
2026-01-02
2026-04-03
17.4%
Ordinary volume
2026-04-24
2026-07-24
-43.4%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2022-04-15
2022-05-13
4.3%
High volume
2022-06-24
2022-07-22
3.0%
High volume
2022-09-30
2022-10-28
2.0%
High volume
2022-12-16
2023-01-13
-1.7%
High volume
2023-04-28
2023-05-26
1.8%
High volume
2023-05-26
2023-06-23
9.3%
High volume
2023-07-21
2023-08-18
-5.0%
High volume
2023-09-22
2023-10-20
-13.8%
High volume
2023-11-10
2023-12-08
-11.2%
High volume
2024-03-01
2024-03-29
46.2%
High volume
2024-04-26
2024-05-24
-1.2%
High volume
2024-05-24
2024-06-21
35.1%
High volume
2024-07-05
2024-08-02
-30.5%
High volume
2025-02-28
2025-03-28
3.3%
High volume
2025-09-26
2025-10-24
57.9%
High volume
2025-11-07
2025-12-05
-3.9%
Ordinary volume
2021-04-30
2021-05-28
-9.6%
Ordinary volume
2021-07-16
2021-08-13
19.7%
Ordinary volume
2021-09-03
2021-10-01
-19.3%
Ordinary volume
2021-10-08
2021-11-05
22.4%
Ordinary volume
2021-11-12
2021-12-10
1.2%
Ordinary volume
2022-01-21
2022-02-18
-6.1%
Ordinary volume
2022-04-29
2022-05-27
-11.7%
Ordinary volume
2022-06-17
2022-07-15
-13.4%
Ordinary volume
2022-09-23
2022-10-21
-18.0%
Ordinary volume
2022-10-21
2022-11-18
14.9%
Ordinary volume
2022-12-23
2023-01-20
4.5%
Ordinary volume
2023-03-10
2023-04-07
27.4%
Ordinary volume
2023-05-12
2023-06-09
4.7%
Ordinary volume
2023-08-11
2023-09-08
-1.5%
Ordinary volume
2023-10-06
2023-11-03
-3.5%
Ordinary volume
2023-12-01
2023-12-29
10.8%
Ordinary volume
2024-01-12
2024-02-09
-3.4%
Ordinary volume
2024-07-12
2024-08-09
-25.5%
Ordinary volume
2025-01-17
2025-02-14
-11.7%
Ordinary volume
2025-03-28
2025-04-25
8.4%
Ordinary volume
2025-06-27
2025-07-25
-14.5%
Ordinary volume
2025-12-12
2026-01-09
36.2%
Ordinary volume
2026-01-23
2026-02-20
28.6%
Ordinary volume
2026-05-15
2026-06-12
-1.9%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2022-04-15
2022-07-15
-22.7%
High volume
2022-09-30
2022-12-30
13.7%
High volume
2023-04-28
2023-07-28
18.5%
High volume
2023-09-22
2023-12-22
-18.1%
High volume
2024-03-01
2024-05-31
140.8%
High volume
2024-06-07
2024-09-06
-44.2%
High volume
2025-02-28
2025-05-30
14.5%
High volume
2025-09-26
2025-12-26
40.1%
Ordinary volume
2021-04-30
2021-07-30
15.3%
Ordinary volume
2021-09-03
2021-12-03
-11.9%
Ordinary volume
2022-01-21
2022-04-22
4.9%
Ordinary volume
2022-04-29
2022-07-29
-26.1%
Ordinary volume
2022-09-23
2022-12-23
-2.0%
Ordinary volume
2022-12-23
2023-03-24
19.7%
Ordinary volume
2023-05-12
2023-08-11
11.2%
Ordinary volume
2023-08-11
2023-11-10
-15.9%
Ordinary volume
2023-12-01
2024-03-01
53.3%
Ordinary volume
2024-07-12
2024-10-11
-15.8%
Ordinary volume
2025-01-17
2025-04-18
-26.3%
Ordinary volume
2025-06-27
2025-09-26
-3.7%
Ordinary volume
2025-12-12
2026-03-13
52.4%
Ordinary volume
2026-05-15
2026-08-14
-10.9%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 36,750.00
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 price22,732.79
Earlier activity area14,922.77 โ 29,427.10
Recent volume balance56.7%
Recent weekly volume1.39ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
19,320.54
24496010
2025-10-10
19,755.38
3221387
2025-10-17
20,802.93
15488401
2025-10-24
23,718.31
19435336
2025-10-31
24,212.44
7189967
2025-11-07
22,977.11
5869935
2025-11-14
24,113.62
10691781
2025-11-21
22,087.68
8103553
2025-11-28
21,148.83
4289451
2025-12-05
22,087.68
2986736
2025-12-12
21,000.59
2034842
2025-12-19
19,696.08
1845224
2025-12-26
21,050.00
1534495
2026-01-02
24,100.00
1520011
2026-01-09
28,600.00
10880416
2026-01-16
30,550.00
5502477
2026-01-23
28,300.00
2204501
2026-01-30
34,450.00
6512576
2026-02-06
29,650.00
3685689
2026-02-13
35,950.00
7039090
2026-02-20
36,400.00
1009773
2026-02-27
36,000.00
2254269
2026-03-06
35,500.00
2241304
2026-03-13
32,000.00
1756977
2026-03-20
38,750.00
4105545
2026-03-27
34,500.00
2235144
2026-04-03
28,300.00
2842369
2026-04-10
31,450.00
2006604
2026-04-17
31,700.00
1471636
2026-04-24
34,650.00
2466733
2026-05-01
33,250.00
1473689
2026-05-08
33,200.00
1498218
2026-05-15
28,950.00
2057851
2026-05-22
32,650.00
1729344
2026-05-29
27,850.00
1686066
2026-06-05
26,750.00
302395
2026-06-12
28,400.00
1126314
2026-06-19
27,550.00
377828
2026-06-26
23,800.00
248849
2026-07-03
24,700.00
222846
2026-07-10
22,000.00
612528
2026-07-17
21,250.00
981951
2026-07-24
19,600.00
381444
2026-07-31
20,150.00
652430
2026-08-07
23,300.00
290648
2026-08-14
25,800.00
185076
2026-08-21
23,350.00
185473
2026-08-28
24,350.00
530060
2026-09-04
31,250.00
5673569
2026-09-11
29,950.00
2211411
2026-09-18
31,400.00
1676692
2026-09-25
36,750.00
3409944
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +19.08% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed +50.92% over four weeks. Volume balance is +56.7% on a scale from โ100% to +100%.
Volume and price movement
More volume, clear price movement
Recent median weekly volume is 1.39ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
4 of 4 closes above
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
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
13
-6.66
Available
13 weeks
8
-2.69
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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