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 higher.
52 weeks2025-10-17 to 2026-10-09Weekly volume estimate
The relationship beneath price ยท 2026-10-09
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-6.3%-7.1% over thirteen weeks
Latest relative volume1.13ร1.17ร recent four-week median
Closing pressure-51.8%Volume-weighted position within weekly ranges
Up-week volume share47.9%52.1% in declining weeks ยท last 13 weeks
13-week range breakdown
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
2025-10-17
-13.2%
-51.2%
0.37ร
2025-10-24
-1.8%
-14.2%
0.24ร
2025-10-31
-6.3%
-23.0%
0.24ร
2025-11-07
5.0%
13.4%
0.36ร
2025-11-14
2.4%
31.5%
0.22ร
2025-11-21
-0.1%
22.1%
0.23ร
2025-11-28
8.1%
53.9%
0.29ร
2025-12-05
0.0%
18.3%
0.21ร
2025-12-12
7.1%
17.7%
0.30ร
2025-12-19
8.8%
-10.4%
0.31ร
2025-12-26
3.1%
-37.6%
0.16ร
2026-01-02
7.1%
-8.1%
0.20ร
2026-01-09
2.8%
-18.0%
0.35ร
2026-01-16
5.7%
36.6%
0.28ร
2026-01-23
5.7%
43.3%
0.21ร
2026-01-30
1.9%
26.9%
0.42ร
2026-02-06
3.8%
19.8%
0.47ร
2026-02-13
-0.1%
-17.3%
0.58ร
2026-02-20
1.8%
-14.4%
0.48ร
2026-02-27
0.3%
-34.3%
0.73ร
2026-03-06
-2.4%
-32.8%
1.41ร
2026-03-13
-6.9%
-41.7%
1.19ร
2026-03-20
-8.6%
-57.8%
1.13ร
2026-03-27
-6.0%
-62.5%
0.83ร
2026-04-03
-6.3%
-69.1%
0.61ร
2026-04-10
7.0%
-37.8%
0.55ร
2026-04-17
11.3%
15.1%
0.75ร
2026-04-24
11.5%
60.6%
0.75ร
2026-05-01
7.5%
47.9%
0.72ร
2026-05-08
-4.1%
39.1%
2.80ร
2026-05-15
-7.0%
-2.9%
3.43ร
2026-05-22
5.3%
15.5%
2.55ร
2026-05-29
2.3%
4.2%
1.38ร
2026-06-05
6.4%
-2.4%
1.57ร
2026-06-12
11.4%
28.4%
1.38ร
2026-06-19
-6.6%
-19.6%
1.47ร
2026-06-26
3.4%
21.4%
1.50ร
2026-07-03
5.8%
19.1%
0.66ร
2026-07-10
-2.0%
2.3%
0.70ร
2026-07-17
8.0%
41.5%
0.69ร
2026-07-24
0.8%
15.0%
0.80ร
2026-07-31
-6.5%
-8.7%
0.64ร
2026-08-07
-0.7%
19.3%
0.90ร
2026-08-14
-1.7%
28.6%
1.40ร
2026-08-21
-1.1%
34.8%
0.79ร
2026-08-28
3.7%
37.8%
0.51ร
2026-09-04
2.5%
33.6%
0.93ร
2026-09-11
-3.0%
-9.2%
0.98ร
2026-09-18
-3.3%
-24.2%
1.21ร
2026-09-25
-2.2%
-21.5%
0.96ร
2026-10-02
-7.6%
-53.4%
1.31ร
2026-10-09
-6.3%
-51.8%
1.13ร
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: 12% of the way from the weekly low to high.
Volume-weighted return tilt
0.07 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
12.0 / 100
Price direction0.0 / 30
Closing pressure0.0 / 30
Up-week volume12.0 / 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
8
0.4%
39
-1.1%
1.4 points
Advancing weeks
13 weeks
7
โ
17
โ
Limited sample
Declining weeks
4 weeks
16
0.2%
36
-1.5%
1.7 points
Declining weeks
13 weeks
10
0.4%
15
-0.4%
0.8 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
2021-06-11
2021-07-09
-0.9%
High volume
2021-12-17
2022-01-14
3.5%
High volume
2022-10-21
2022-11-18
21.3%
High volume
2022-12-02
2022-12-30
-5.0%
High volume
2023-12-15
2024-01-12
-1.5%
High volume
2025-01-17
2025-02-14
3.6%
High volume
2025-06-27
2025-07-25
1.6%
High volume
2026-05-22
2026-06-19
-6.6%
Ordinary volume
2021-04-23
2021-05-21
-0.1%
Ordinary volume
2021-05-21
2021-06-18
3.7%
Ordinary volume
2021-07-16
2021-08-13
-1.1%
Ordinary volume
2021-09-03
2021-10-01
-4.1%
Ordinary volume
2021-10-01
2021-10-29
10.3%
Ordinary volume
2021-10-29
2021-11-26
-1.7%
Ordinary volume
2021-12-03
2021-12-31
10.1%
Ordinary volume
2021-12-31
2022-01-28
-7.7%
Ordinary volume
2022-03-11
2022-04-08
1.4%
Ordinary volume
2022-04-15
2022-05-13
-18.0%
Ordinary volume
2022-07-01
2022-07-29
6.2%
Ordinary volume
2022-08-12
2022-09-09
-10.6%
Ordinary volume
2022-11-25
2022-12-23
-2.7%
Ordinary volume
2023-01-06
2023-02-03
14.1%
Ordinary volume
2023-02-03
2023-03-03
-10.4%
Ordinary volume
2023-03-03
2023-03-31
-7.7%
Ordinary volume
2023-03-31
2023-04-28
1.9%
Ordinary volume
2023-06-02
2023-06-30
5.1%
Ordinary volume
2023-07-14
2023-08-11
0.7%
Ordinary volume
2023-08-25
2023-09-22
-1.4%
Ordinary volume
2023-10-13
2023-11-10
3.5%
Ordinary volume
2023-12-01
2023-12-29
9.3%
Ordinary volume
2024-01-12
2024-02-09
-10.1%
Ordinary volume
2024-05-10
2024-06-07
1.4%
Ordinary volume
2024-06-14
2024-07-12
7.4%
Ordinary volume
2024-07-12
2024-08-09
-4.3%
Ordinary volume
2024-08-16
2024-09-13
9.1%
Ordinary volume
2024-09-13
2024-10-11
-4.5%
Ordinary volume
2024-10-18
2024-11-15
-10.0%
Ordinary volume
2024-11-22
2024-12-20
-7.2%
Ordinary volume
2025-02-07
2025-03-07
13.0%
Ordinary volume
2025-03-07
2025-04-04
-11.4%
Ordinary volume
2025-04-18
2025-05-16
-8.6%
Ordinary volume
2025-05-30
2025-06-27
8.4%
Ordinary volume
2025-07-18
2025-08-15
-7.1%
Ordinary volume
2025-08-22
2025-09-19
2.7%
Ordinary volume
2026-04-17
2026-05-15
-7.0%
Ordinary volume
2026-08-07
2026-09-04
2.5%
Ordinary volume
2026-09-04
2026-10-02
-7.6%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-06-11
2021-09-10
0.3%
High volume
2021-12-17
2022-03-18
-2.3%
High volume
2022-10-21
2023-01-20
41.7%
High volume
2023-12-15
2024-03-15
-19.5%
High volume
2025-01-17
2025-04-18
-3.8%
High volume
2025-06-27
2025-09-26
-0.5%
High volume
2026-05-22
2026-08-21
-0.7%
Ordinary volume
2021-04-23
2021-07-23
9.4%
Ordinary volume
2021-07-23
2021-10-22
5.6%
Ordinary volume
2021-10-22
2022-01-21
4.3%
Ordinary volume
2022-03-11
2022-06-10
-22.6%
Ordinary volume
2022-07-01
2022-09-30
-24.1%
Ordinary volume
2022-11-25
2023-02-24
5.0%
Ordinary volume
2023-03-03
2023-06-02
-9.9%
Ordinary volume
2023-06-02
2023-09-01
11.3%
Ordinary volume
2023-09-01
2023-12-01
9.4%
Ordinary volume
2023-12-01
2024-03-01
-11.1%
Ordinary volume
2024-05-10
2024-08-09
4.2%
Ordinary volume
2024-08-16
2024-11-15
-3.8%
Ordinary volume
2024-11-22
2025-02-21
-1.2%
Ordinary volume
2025-02-21
2025-05-23
-24.1%
Ordinary volume
2025-05-30
2025-08-29
20.8%
Ordinary volume
2025-08-29
2025-11-28
-9.5%
Ordinary volume
2026-04-17
2026-07-17
5.4%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-06-18
2021-07-16
3.5%
High volume
2021-11-12
2021-12-10
-0.5%
High volume
2022-01-28
2022-02-25
-2.6%
High volume
2022-05-13
2022-06-10
-7.8%
High volume
2022-06-17
2022-07-15
3.8%
High volume
2022-09-23
2022-10-21
-15.7%
High volume
2022-11-04
2022-12-02
14.9%
High volume
2022-12-16
2023-01-13
7.3%
High volume
2024-03-01
2024-03-29
-0.8%
High volume
2024-09-20
2024-10-18
-1.3%
High volume
2024-12-20
2025-01-17
1.4%
High volume
2025-04-04
2025-05-02
1.0%
High volume
2025-05-09
2025-06-06
-6.5%
High volume
2025-09-19
2025-10-17
-13.2%
High volume
2026-05-08
2026-06-05
6.4%
High volume
2026-06-05
2026-07-03
5.8%
Ordinary volume
2021-04-30
2021-05-28
0.3%
Ordinary volume
2021-05-28
2021-06-25
5.6%
Ordinary volume
2021-07-02
2021-07-30
4.6%
Ordinary volume
2021-08-06
2021-09-03
3.9%
Ordinary volume
2021-09-10
2021-10-08
-0.5%
Ordinary volume
2021-11-19
2021-12-17
1.8%
Ordinary volume
2022-01-14
2022-02-11
-5.0%
Ordinary volume
2022-04-08
2022-05-06
-14.9%
Ordinary volume
2022-05-06
2022-06-03
-4.3%
Ordinary volume
2022-06-03
2022-07-01
-8.6%
Ordinary volume
2022-07-08
2022-08-05
7.1%
Ordinary volume
2022-08-05
2022-09-02
-10.1%
Ordinary volume
2022-09-02
2022-09-30
-17.8%
Ordinary volume
2022-12-09
2023-01-06
1.1%
Ordinary volume
2023-02-17
2023-03-17
-17.9%
Ordinary volume
2023-03-17
2023-04-14
7.5%
Ordinary volume
2023-05-05
2023-06-02
-0.8%
Ordinary volume
2023-08-11
2023-09-08
-4.7%
Ordinary volume
2023-09-22
2023-10-20
-3.6%
Ordinary volume
2023-10-20
2023-11-17
12.1%
Ordinary volume
2023-12-29
2024-01-26
-7.7%
Ordinary volume
2024-01-26
2024-02-23
-7.9%
Ordinary volume
2024-02-23
2024-03-22
-9.6%
Ordinary volume
2024-04-05
2024-05-03
-0.9%
Ordinary volume
2024-06-07
2024-07-05
2.3%
Ordinary volume
2024-08-02
2024-08-30
-1.8%
Ordinary volume
2024-08-30
2024-09-27
8.4%
Ordinary volume
2024-10-04
2024-11-01
-4.9%
Ordinary volume
2024-11-15
2024-12-13
-2.0%
Ordinary volume
2025-01-24
2025-02-21
5.4%
Ordinary volume
2025-03-14
2025-04-11
-18.6%
Ordinary volume
2025-06-13
2025-07-11
16.1%
Ordinary volume
2025-07-11
2025-08-08
-7.9%
Ordinary volume
2026-03-13
2026-04-10
7.0%
Ordinary volume
2026-07-24
2026-08-21
-1.1%
Ordinary volume
2026-09-11
2026-10-09
-6.3%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-06-18
2021-09-17
2.1%
High volume
2021-11-12
2022-02-11
-1.3%
High volume
2022-05-13
2022-08-12
-4.4%
High volume
2022-09-23
2022-12-23
4.4%
High volume
2024-03-01
2024-05-31
5.4%
High volume
2024-09-20
2024-12-20
-17.0%
High volume
2024-12-20
2025-03-21
9.2%
High volume
2025-04-04
2025-07-04
-3.7%
High volume
2025-09-19
2025-12-19
-5.1%
High volume
2026-05-08
2026-08-07
6.9%
Ordinary volume
2021-04-30
2021-07-30
9.9%
Ordinary volume
2021-08-06
2021-11-05
13.0%
Ordinary volume
2021-11-19
2022-02-18
-0.4%
Ordinary volume
2022-04-08
2022-07-08
-28.7%
Ordinary volume
2022-07-08
2022-10-07
-30.2%
Ordinary volume
2022-12-09
2023-03-10
-6.0%
Ordinary volume
2023-03-10
2023-06-09
2.9%
Ordinary volume
2023-08-11
2023-11-10
-4.3%
Ordinary volume
2023-11-10
2024-02-09
5.9%
Ordinary volume
2024-02-09
2024-05-10
-5.4%
Ordinary volume
2024-06-07
2024-09-06
3.9%
Ordinary volume
2024-10-04
2025-01-03
-16.7%
Ordinary volume
2025-01-24
2025-04-25
-0.7%
Ordinary volume
2025-06-13
2025-09-12
24.7%
Ordinary volume
2026-03-13
2026-06-12
12.8%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 33.59
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 price35.64
Earlier activity area32.19 โ 37.58
Recent volume balance-51.8%
Recent weekly volume1.04ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
30.46
1149089
2025-10-24
30.65
738014
2025-10-31
29.27
734893
2025-11-07
30.84
1125116
2025-11-14
31.21
679650
2025-11-21
30.62
662974
2025-11-28
31.63
832728
2025-12-05
30.84
602854
2025-12-12
33.43
822470
2025-12-19
33.29
781924
2025-12-26
32.59
355448
2026-01-02
33.02
371726
2026-01-09
34.38
459376
2026-01-16
35.18
316082
2026-01-23
34.44
211431
2026-01-30
33.65
370762
2026-02-06
35.69
389281
2026-02-13
35.15
461859
2026-02-20
35.06
367321
2026-02-27
33.74
535712
2026-03-06
34.82
998884
2026-03-13
32.74
842585
2026-03-20
32.03
801286
2026-03-27
31.71
584412
2026-04-03
32.64
409871
2026-04-10
35.03
348937
2026-04-17
35.65
447101
2026-04-24
35.36
418736
2026-05-01
35.07
356751
2026-05-08
33.60
1289808
2026-05-15
33.15
1582113
2026-05-22
37.25
1174706
2026-05-29
35.88
636412
2026-06-05
35.74
722267
2026-06-12
36.91
636931
2026-06-19
34.79
676468
2026-06-26
37.11
690592
2026-07-03
37.81
328354
2026-07-10
36.16
348864
2026-07-17
37.57
343026
2026-07-24
37.41
398357
2026-07-31
35.35
319450
2026-08-07
35.91
449547
2026-08-14
36.95
696152
2026-08-21
36.99
442058
2026-08-28
36.66
287462
2026-09-04
36.80
482395
2026-09-11
35.83
455794
2026-09-18
35.75
545940
2026-09-25
35.85
436586
2026-10-02
34.01
586822
2026-10-09
33.59
509628
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +4.01% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -6.26% over four weeks. Volume balance is -51.8% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is close to its earlier norm
Recent median weekly volume is 1.04ร 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
23
0.99
Available
13 weeks
12
-3.73
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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