The latest close is below the activity area established before the last four weeks. 2 of those four closes were below that area. Recent volume balance is negative; the estimated activity centre is lower.
52 weeks2025-10-17 to 2026-10-09Weekly volume estimate
The relationship beneath price ยท 2026-10-09
Volume-supported decline
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move-28.1%-26.1% over thirteen weeks
Latest relative volume1.48ร1.26ร recent four-week median
Closing pressure-52.0%Volume-weighted position within weekly ranges
Up-week volume share41.2%58.8% 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
2025-10-17
-2.2%
-3.7%
1.58ร
2025-10-24
-8.3%
-11.7%
0.87ร
2025-10-31
2.2%
0.4%
0.96ร
2025-11-07
-7.9%
-8.9%
1.04ร
2025-11-14
-4.6%
-14.7%
0.81ร
2025-11-21
6.5%
19.7%
1.69ร
2025-11-28
4.2%
22.4%
0.94ร
2025-12-05
15.9%
41.1%
1.41ร
2025-12-12
28.9%
-8.2%
2.94ร
2025-12-19
2.6%
-41.6%
1.92ร
2025-12-26
3.4%
-49.3%
0.72ร
2026-01-02
-6.0%
-73.0%
0.80ร
2026-01-09
-22.7%
-58.4%
1.31ร
2026-01-16
-10.3%
-26.4%
4.66ร
2026-01-23
-18.2%
-35.7%
1.47ร
2026-01-30
-22.7%
-44.3%
1.74ร
2026-02-06
-18.7%
-35.3%
2.46ร
2026-02-13
-21.2%
-51.3%
1.41ร
2026-02-20
-24.3%
22.1%
5.83ร
2026-02-27
-2.2%
35.0%
2.25ร
2026-03-06
12.1%
37.1%
2.80ร
2026-03-13
-1.4%
32.5%
1.46ร
2026-03-20
5.1%
-12.9%
0.96ร
2026-03-27
-15.6%
-38.4%
1.02ร
2026-04-03
-17.3%
-47.4%
0.92ร
2026-04-10
0.3%
-22.4%
1.17ร
2026-04-17
20.1%
15.2%
0.91ร
2026-04-24
25.7%
45.4%
0.89ร
2026-05-01
11.1%
28.8%
0.71ร
2026-05-08
9.8%
33.6%
0.89ร
2026-05-15
-6.7%
-3.2%
0.90ร
2026-05-22
-13.3%
-20.4%
0.88ร
2026-05-29
-4.5%
-7.2%
0.64ร
2026-06-05
-14.5%
-30.0%
0.63ร
2026-06-12
-2.4%
6.5%
0.74ร
2026-06-19
14.6%
16.6%
1.12ร
2026-06-26
9.2%
-5.1%
1.29ร
2026-07-03
16.9%
1.0%
0.52ร
2026-07-10
14.1%
-17.8%
0.78ร
2026-07-17
-4.9%
-31.2%
0.54ร
2026-07-24
-13.6%
-38.2%
0.55ร
2026-07-31
-15.3%
-52.0%
0.67ร
2026-08-07
-9.9%
-28.4%
0.70ร
2026-08-14
11.9%
2.2%
0.79ร
2026-08-21
30.3%
13.6%
1.67ร
2026-08-28
26.8%
17.6%
0.57ร
2026-09-04
15.8%
0.0%
0.57ร
2026-09-11
4.5%
-25.5%
0.76ร
2026-09-18
-9.8%
-59.5%
1.09ร
2026-09-25
-6.9%
-59.4%
0.82ร
2026-10-02
-34.6%
-87.1%
2.88ร
2026-10-09
-28.1%
-52.0%
1.48ร
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
72% 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: 84% of the way from the weekly low to high.
Volume-weighted return tilt
-1.95 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
10.3 / 100
Price direction0.0 / 30
Closing pressure0.0 / 30
Up-week volume10.3 / 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
25
-7.6%
30
-0.5%
-7.1 points
Advancing weeks
13 weeks
13
-7.5%
16
-12.4%
4.9 points
Declining weeks
4 weeks
18
-1.5%
41
-1.6%
0.1 points
Declining weeks
13 weeks
11
3.2%
16
-15.4%
18.5 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
2021-04-30
2021-05-28
-20.8%
High volume
2021-10-15
2021-11-12
-37.7%
High volume
2022-08-12
2022-09-09
9.1%
High volume
2022-10-07
2022-11-04
-19.2%
High volume
2022-12-16
2023-01-13
46.5%
High volume
2023-02-17
2023-03-17
-20.9%
High volume
2023-03-17
2023-04-14
6.1%
High volume
2023-04-21
2023-05-19
0.5%
High volume
2023-06-09
2023-07-07
-34.2%
High volume
2023-11-03
2023-12-01
-17.8%
High volume
2023-12-08
2024-01-05
21.6%
High volume
2024-02-16
2024-03-15
24.8%
High volume
2024-05-03
2024-05-31
-7.6%
High volume
2024-06-21
2024-07-19
25.6%
High volume
2025-03-07
2025-04-04
-15.7%
High volume
2025-04-11
2025-05-09
-0.7%
High volume
2025-05-16
2025-06-13
20.9%
High volume
2025-06-27
2025-07-25
32.4%
High volume
2025-08-08
2025-09-05
11.4%
High volume
2025-09-05
2025-10-03
-16.1%
High volume
2025-10-10
2025-11-07
-7.9%
High volume
2025-11-21
2025-12-19
2.6%
High volume
2026-01-16
2026-02-13
-21.2%
High volume
2026-02-27
2026-03-27
-15.6%
High volume
2026-08-21
2026-09-18
-9.8%
Ordinary volume
2021-05-28
2021-06-25
-3.2%
Ordinary volume
2021-06-25
2021-07-23
-12.4%
Ordinary volume
2021-07-23
2021-08-20
-19.0%
Ordinary volume
2021-08-27
2021-09-24
-4.7%
Ordinary volume
2021-11-05
2021-12-03
-11.6%
Ordinary volume
2021-12-10
2022-01-07
-1.7%
Ordinary volume
2022-02-25
2022-03-25
-7.6%
Ordinary volume
2022-05-20
2022-06-17
11.6%
Ordinary volume
2022-06-17
2022-07-15
15.8%
Ordinary volume
2022-08-05
2022-09-02
7.3%
Ordinary volume
2022-09-02
2022-09-30
-22.0%
Ordinary volume
2022-12-02
2022-12-30
-10.2%
Ordinary volume
2022-12-30
2023-01-27
38.1%
Ordinary volume
2023-02-03
2023-03-03
36.8%
Ordinary volume
2023-03-31
2023-04-28
17.7%
Ordinary volume
2023-06-02
2023-06-30
-25.4%
Ordinary volume
2023-12-01
2023-12-29
66.4%
Ordinary volume
2024-03-22
2024-04-19
-45.0%
Ordinary volume
2024-07-12
2024-08-09
2.6%
Ordinary volume
2024-08-09
2024-09-06
0.6%
Ordinary volume
2024-10-04
2024-11-01
5.6%
Ordinary volume
2025-02-28
2025-03-28
6.2%
Ordinary volume
2025-05-02
2025-05-30
-9.0%
Ordinary volume
2025-07-25
2025-08-22
0.7%
Ordinary volume
2025-09-26
2025-10-24
-8.3%
Ordinary volume
2025-10-31
2025-11-28
4.2%
Ordinary volume
2026-04-03
2026-05-01
11.1%
Ordinary volume
2026-05-08
2026-06-05
-14.5%
Ordinary volume
2026-06-19
2026-07-17
-4.9%
Ordinary volume
2026-08-14
2026-09-11
4.5%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-30
2021-07-30
-40.1%
High volume
2021-10-15
2022-01-14
-44.6%
High volume
2022-08-12
2022-11-11
-40.3%
High volume
2022-12-16
2023-03-17
81.7%
High volume
2023-03-17
2023-06-16
-3.0%
High volume
2023-06-23
2023-09-22
-34.5%
High volume
2023-11-03
2024-02-02
58.9%
High volume
2024-02-16
2024-05-17
-18.6%
High volume
2024-05-17
2024-08-16
31.4%
High volume
2025-03-07
2025-06-06
19.6%
High volume
2025-06-06
2025-09-05
50.8%
High volume
2025-09-05
2025-12-05
-7.5%
High volume
2025-12-12
2026-03-13
-39.8%
Ordinary volume
2021-05-28
2021-08-27
-24.4%
Ordinary volume
2021-08-27
2021-11-26
-40.6%
Ordinary volume
2021-12-10
2022-03-11
-18.9%
Ordinary volume
2022-05-20
2022-08-19
56.1%
Ordinary volume
2022-09-02
2022-12-02
-41.2%
Ordinary volume
2022-12-02
2023-03-03
88.8%
Ordinary volume
2023-03-31
2023-06-30
-2.1%
Ordinary volume
2023-12-01
2024-03-01
301.1%
Ordinary volume
2024-03-22
2024-06-21
-34.1%
Ordinary volume
2024-07-12
2024-10-11
20.3%
Ordinary volume
2024-10-18
2025-01-17
-29.3%
Ordinary volume
2025-02-28
2025-05-30
12.2%
Ordinary volume
2025-07-25
2025-10-24
-5.9%
Ordinary volume
2025-10-31
2026-01-30
-21.6%
Ordinary volume
2026-04-03
2026-07-03
13.6%
Ordinary volume
2026-07-10
2026-10-09
-26.1%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-07
2021-06-04
-10.8%
High volume
2021-10-22
2021-11-19
-3.2%
High volume
2022-05-13
2022-06-10
12.5%
High volume
2022-09-30
2022-10-28
-11.3%
High volume
2022-11-11
2022-12-09
-20.2%
High volume
2023-02-24
2023-03-24
-16.9%
High volume
2023-05-12
2023-06-09
19.7%
High volume
2023-06-16
2023-07-14
-0.8%
High volume
2023-11-10
2023-12-08
72.0%
High volume
2024-01-12
2024-02-09
29.5%
High volume
2024-03-08
2024-04-05
-15.4%
High volume
2024-04-19
2024-05-17
18.2%
High volume
2025-03-21
2025-04-18
-2.7%
High volume
2025-05-09
2025-06-06
27.8%
High volume
2025-06-13
2025-07-11
26.4%
High volume
2025-10-03
2025-10-31
2.2%
High volume
2025-12-19
2026-01-16
-10.3%
High volume
2026-01-30
2026-02-27
-2.2%
Ordinary volume
2021-04-23
2021-05-21
-11.0%
Ordinary volume
2021-05-21
2021-06-18
-1.8%
Ordinary volume
2021-06-18
2021-07-16
-9.6%
Ordinary volume
2021-07-16
2021-08-13
-11.9%
Ordinary volume
2021-08-20
2021-09-17
5.4%
Ordinary volume
2021-09-17
2021-10-15
6.1%
Ordinary volume
2021-11-19
2021-12-17
4.5%
Ordinary volume
2021-12-31
2022-01-28
-23.2%
Ordinary volume
2022-01-28
2022-02-25
3.2%
Ordinary volume
2022-03-04
2022-04-01
-1.6%
Ordinary volume
2022-04-01
2022-04-29
-26.4%
Ordinary volume
2022-04-29
2022-05-27
-10.6%
Ordinary volume
2022-06-03
2022-07-01
30.3%
Ordinary volume
2022-08-19
2022-09-16
12.2%
Ordinary volume
2022-09-23
2022-10-21
-30.4%
Ordinary volume
2022-10-21
2022-11-18
-19.0%
Ordinary volume
2022-11-18
2022-12-16
-8.4%
Ordinary volume
2022-12-23
2023-01-20
53.6%
Ordinary volume
2023-01-27
2023-02-24
52.6%
Ordinary volume
2023-03-24
2023-04-21
30.7%
Ordinary volume
2023-07-14
2023-08-11
-8.8%
Ordinary volume
2023-08-18
2023-09-15
-17.1%
Ordinary volume
2023-09-22
2023-10-20
-26.3%
Ordinary volume
2023-10-20
2023-11-17
-3.0%
Ordinary volume
2024-03-29
2024-04-26
-47.9%
Ordinary volume
2024-05-24
2024-06-21
7.9%
Ordinary volume
2024-07-19
2024-08-16
3.3%
Ordinary volume
2024-09-20
2024-10-18
26.2%
Ordinary volume
2024-12-06
2025-01-03
-8.9%
Ordinary volume
2025-01-10
2025-02-07
-7.8%
Ordinary volume
2025-02-07
2025-03-07
-0.4%
Ordinary volume
2025-06-20
2025-07-18
39.4%
Ordinary volume
2025-08-01
2025-08-29
2.4%
Ordinary volume
2025-08-29
2025-09-26
2.6%
Ordinary volume
2025-10-24
2025-11-21
6.5%
Ordinary volume
2025-11-28
2025-12-26
3.4%
Ordinary volume
2026-01-02
2026-01-30
-22.7%
Ordinary volume
2026-03-20
2026-04-17
20.1%
Ordinary volume
2026-04-24
2026-05-22
-13.3%
Ordinary volume
2026-05-22
2026-06-19
14.6%
Ordinary volume
2026-09-11
2026-10-09
-28.1%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-07
2021-08-06
-35.2%
High volume
2021-10-22
2022-01-21
-20.4%
High volume
2022-05-13
2022-08-12
67.1%
High volume
2022-09-30
2022-12-30
-32.3%
High volume
2023-02-24
2023-05-26
6.1%
High volume
2023-05-26
2023-08-25
-38.1%
High volume
2023-11-10
2024-02-09
169.8%
High volume
2024-03-08
2024-06-07
-50.5%
High volume
2025-03-21
2025-06-20
8.3%
High volume
2025-10-03
2026-01-02
3.6%
High volume
2026-01-30
2026-05-01
3.2%
Ordinary volume
2021-04-23
2021-07-23
-20.1%
Ordinary volume
2021-07-30
2021-10-29
-39.7%
Ordinary volume
2021-11-19
2022-02-18
-26.8%
Ordinary volume
2022-02-18
2022-05-20
-31.6%
Ordinary volume
2022-06-03
2022-09-02
69.4%
Ordinary volume
2022-09-23
2022-12-23
-49.5%
Ordinary volume
2022-12-23
2023-03-24
84.3%
Ordinary volume
2023-03-24
2023-06-23
-1.0%
Ordinary volume
2023-07-14
2023-10-13
-47.8%
Ordinary volume
2023-10-13
2024-01-12
76.1%
Ordinary volume
2024-03-29
2024-06-28
-24.8%
Ordinary volume
2024-07-19
2024-10-18
44.3%
Ordinary volume
2024-12-06
2025-03-07
-21.6%
Ordinary volume
2025-06-20
2025-09-19
48.8%
Ordinary volume
2025-10-24
2026-01-23
-10.6%
Ordinary volume
2026-03-20
2026-06-19
15.3%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 7.54
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 price9.21
Earlier activity area7.93 โ 11.76
Recent volume balance-52.0%
Recent weekly volume1.05ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
11.84
16198858
2025-10-24
11.49
9037194
2025-10-31
11.66
9987672
2025-11-07
10.85
10820900
2025-11-14
11.30
8567863
2025-11-21
12.24
17832262
2025-11-28
12.15
10147838
2025-12-05
12.58
15192074
2025-12-12
14.56
32171679
2025-12-19
12.56
20984771
2025-12-26
12.56
7994783
2026-01-02
11.82
8802614
2026-01-09
11.26
14373956
2026-01-16
11.27
51020191
2026-01-23
10.27
16286639
2026-01-30
9.14
20346010
2026-02-06
9.16
31629277
2026-02-13
8.88
18646136
2026-02-20
7.78
85855873
2026-02-27
8.94
34127684
2026-03-06
10.27
44017731
2026-03-13
8.76
23678307
2026-03-20
8.18
16360282
2026-03-27
7.55
17465365
2026-04-03
8.49
16294924
2026-04-10
8.79
19722610
2026-04-17
9.82
15355192
2026-04-24
9.49
14974503
2026-05-01
9.43
12085502
2026-05-08
9.65
15022502
2026-05-15
9.16
15218223
2026-05-22
8.23
14954121
2026-05-29
9.01
10405299
2026-06-05
8.25
10336495
2026-06-12
8.94
12058251
2026-06-19
9.43
18315311
2026-06-26
9.84
21046449
2026-07-03
9.64
8528378
2026-07-10
10.20
12787539
2026-07-17
8.97
8788124
2026-07-24
8.50
8925226
2026-07-31
8.17
10536861
2026-08-07
9.19
10769566
2026-08-14
10.04
11935348
2026-08-21
11.08
25104558
2026-08-28
10.36
8559371
2026-09-04
10.64
8603219
2026-09-11
10.49
10572633
2026-09-18
9.99
13540197
2026-09-25
9.65
10143864
2026-10-02
6.96
34770171
2026-10-09
7.54
17891716
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -14.02% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -28.12% over four weeks. Volume balance is -52.0% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is close to its earlier norm
Recent median weekly volume is 1.05ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
2 of 4 closes below
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 below 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
-3.18
Available
13 weeks
6
3.97
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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