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 weeks2025-10-03 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-8.9%1.5% over thirteen weeks
Latest relative volume0.64ร0.66ร recent four-week median
Closing pressure-35.0%Volume-weighted position within weekly ranges
Up-week volume share61.9%38.1% 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
2025-10-03
1.9%
34.8%
2.48ร
2025-10-10
-9.3%
-19.1%
1.35ร
2025-10-17
-7.2%
-19.4%
1.94ร
2025-10-24
-6.0%
16.9%
3.23ร
2025-10-31
-12.3%
-27.0%
1.85ร
2025-11-07
-9.6%
-28.1%
2.79ร
2025-11-14
-9.1%
-24.2%
1.00ร
2025-11-21
-5.1%
-33.4%
1.62ร
2025-11-28
3.8%
7.6%
3.28ร
2025-12-05
6.4%
57.8%
4.66ร
2025-12-12
7.2%
65.0%
1.11ร
2025-12-19
2.3%
54.5%
1.08ร
2025-12-26
-1.9%
52.5%
0.48ร
2026-01-02
-2.6%
1.7%
0.45ร
2026-01-09
0.6%
13.3%
1.15ร
2026-01-16
3.9%
19.8%
1.40ร
2026-01-23
-3.4%
-9.6%
1.31ร
2026-01-30
-4.2%
-26.4%
1.75ร
2026-02-06
-3.3%
1.1%
2.67ร
2026-02-13
-14.0%
-10.2%
4.11ร
2026-02-20
-7.5%
13.0%
1.57ร
2026-02-27
-7.3%
28.5%
1.03ร
2026-03-06
-14.1%
-1.3%
1.53ร
2026-03-13
-11.3%
-16.0%
1.78ร
2026-03-20
-16.3%
-58.7%
1.46ร
2026-03-27
-15.5%
-44.3%
4.33ร
2026-04-03
-11.4%
-34.8%
2.23ร
2026-04-10
0.9%
-17.3%
0.51ร
2026-04-17
11.2%
5.3%
0.80ร
2026-04-24
8.6%
9.7%
0.58ร
2026-05-01
1.1%
8.6%
0.93ร
2026-05-08
-2.4%
1.5%
1.38ร
2026-05-15
-8.4%
-37.1%
0.73ร
2026-05-22
-4.6%
-15.8%
1.10ร
2026-05-29
5.5%
17.4%
2.59ร
2026-06-05
1.5%
10.5%
0.43ร
2026-06-12
3.6%
23.8%
0.18ร
2026-06-19
8.4%
34.4%
2.32ร
2026-06-26
6.6%
15.9%
0.40ร
2026-07-03
9.9%
29.3%
0.12ร
2026-07-10
2.9%
30.7%
0.12ร
2026-07-17
7.4%
16.2%
0.31ร
2026-07-24
4.9%
50.4%
0.09ร
2026-07-31
6.3%
36.2%
0.26ร
2026-08-07
13.3%
33.5%
0.12ร
2026-08-14
2.9%
-17.8%
1.14ร
2026-08-21
0.3%
-14.5%
0.09ร
2026-08-28
3.9%
22.9%
1.03ร
2026-09-04
0.3%
9.8%
0.75ร
2026-09-11
-2.8%
14.4%
0.82ร
2026-09-18
-3.7%
0.3%
0.74ร
2026-09-25
-8.9%
-35.0%
0.64ร
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
97% 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: 50% of the way from the weekly low to high.
Volume-weighted return tilt
0.54 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
30.5 / 100
Price direction15.0 / 30
Closing pressure0.0 / 30
Up-week volume15.5 / 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
3.1%
25
-1.0%
4.1 points
Advancing weeks
13 weeks
13
3.0%
14
5.9%
-2.9 points
Declining weeks
4 weeks
21
-0.6%
28
-0.8%
0.3 points
Declining weeks
13 weeks
12
-6.7%
15
1.5%
-8.2 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
2021-05-07
2021-06-04
0.3%
High volume
2021-11-05
2021-12-03
-9.2%
High volume
2021-12-10
2022-01-07
2.8%
High volume
2022-08-05
2022-09-02
-15.4%
High volume
2022-10-07
2022-11-04
12.3%
High volume
2022-11-04
2022-12-02
12.1%
High volume
2022-12-30
2023-01-27
12.9%
High volume
2023-02-03
2023-03-03
11.3%
High volume
2023-03-17
2023-04-14
15.6%
High volume
2023-05-19
2023-06-16
8.3%
High volume
2023-06-16
2023-07-14
-5.7%
High volume
2023-10-27
2023-11-24
23.8%
High volume
2023-11-24
2023-12-22
3.1%
High volume
2023-12-22
2024-01-19
8.5%
High volume
2024-02-02
2024-03-01
3.7%
High volume
2024-03-15
2024-04-12
-4.2%
High volume
2024-09-13
2024-10-11
12.6%
High volume
2024-10-11
2024-11-08
4.1%
High volume
2025-01-03
2025-01-31
-3.0%
High volume
2025-03-14
2025-04-11
-13.4%
High volume
2025-09-12
2025-10-10
-9.3%
High volume
2025-11-21
2025-12-19
2.3%
High volume
2026-02-06
2026-03-06
-14.1%
High volume
2026-04-03
2026-05-01
1.1%
High volume
2026-05-29
2026-06-26
6.6%
Ordinary volume
2021-04-30
2021-05-28
-0.9%
Ordinary volume
2021-07-16
2021-08-13
2.6%
Ordinary volume
2021-08-27
2021-09-24
-10.1%
Ordinary volume
2021-12-31
2022-01-28
-8.7%
Ordinary volume
2022-02-11
2022-03-11
-9.8%
Ordinary volume
2022-07-22
2022-08-19
-4.4%
Ordinary volume
2022-12-02
2022-12-30
-5.1%
Ordinary volume
2023-01-13
2023-02-10
7.7%
Ordinary volume
2023-04-28
2023-05-26
2.6%
Ordinary volume
2023-08-25
2023-09-22
-4.2%
Ordinary volume
2023-12-01
2023-12-29
3.0%
Ordinary volume
2024-01-05
2024-02-02
14.0%
Ordinary volume
2024-04-26
2024-05-24
18.1%
Ordinary volume
2024-05-24
2024-06-21
-2.7%
Ordinary volume
2024-06-28
2024-07-26
-1.0%
Ordinary volume
2024-10-18
2024-11-15
-0.7%
Ordinary volume
2024-11-22
2024-12-20
-5.8%
Ordinary volume
2025-02-07
2025-03-07
15.2%
Ordinary volume
2025-03-21
2025-04-18
-14.2%
Ordinary volume
2025-05-02
2025-05-30
12.1%
Ordinary volume
2025-05-30
2025-06-27
5.3%
Ordinary volume
2026-01-09
2026-02-06
-3.3%
Ordinary volume
2026-04-17
2026-05-15
-8.4%
Ordinary volume
2026-05-22
2026-06-19
8.4%
Ordinary volume
2026-08-14
2026-09-11
-2.8%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-07
2021-08-06
3.0%
High volume
2021-11-05
2022-02-04
-11.4%
High volume
2022-08-05
2022-11-04
-23.1%
High volume
2022-11-04
2023-02-03
21.4%
High volume
2023-02-03
2023-05-05
25.6%
High volume
2023-05-19
2023-08-18
-9.7%
High volume
2023-10-27
2024-01-26
45.1%
High volume
2024-02-02
2024-05-03
13.7%
High volume
2024-09-13
2024-12-13
11.1%
High volume
2025-01-03
2025-04-04
0.5%
High volume
2025-09-12
2025-12-12
-13.1%
High volume
2026-02-06
2026-05-08
-21.7%
High volume
2026-05-29
2026-08-28
18.8%
Ordinary volume
2021-04-30
2021-07-30
4.8%
Ordinary volume
2021-08-27
2021-11-26
-26.9%
Ordinary volume
2021-12-31
2022-04-01
-8.0%
Ordinary volume
2022-07-22
2022-10-21
-24.1%
Ordinary volume
2022-12-02
2023-03-03
20.5%
Ordinary volume
2023-04-28
2023-07-28
3.7%
Ordinary volume
2023-08-25
2023-11-24
7.1%
Ordinary volume
2023-12-01
2024-03-01
22.0%
Ordinary volume
2024-04-26
2024-07-26
14.1%
Ordinary volume
2024-10-18
2025-01-17
-4.5%
Ordinary volume
2025-02-07
2025-05-09
9.6%
Ordinary volume
2025-05-09
2025-08-08
27.7%
Ordinary volume
2026-01-09
2026-04-10
-22.4%
Ordinary volume
2026-04-17
2026-07-17
8.1%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-08-13
2021-09-10
2.4%
High volume
2021-10-08
2021-11-05
-6.5%
High volume
2021-11-19
2021-12-17
-5.7%
High volume
2022-01-07
2022-02-04
-6.6%
High volume
2022-02-18
2022-03-18
-0.6%
High volume
2022-03-25
2022-04-22
1.7%
High volume
2022-12-09
2023-01-06
2.5%
High volume
2023-02-24
2023-03-24
-12.0%
High volume
2023-03-24
2023-04-21
18.1%
High volume
2023-04-21
2023-05-19
5.6%
High volume
2023-07-21
2023-08-18
-9.9%
High volume
2023-12-08
2024-01-05
4.7%
High volume
2024-02-16
2024-03-15
6.8%
High volume
2024-06-14
2024-07-12
0.7%
High volume
2024-08-23
2024-09-20
-0.6%
High volume
2024-11-29
2024-12-27
-5.0%
High volume
2025-04-04
2025-05-02
5.9%
High volume
2025-09-26
2025-10-24
-6.0%
High volume
2025-10-24
2025-11-21
-5.1%
High volume
2026-01-30
2026-02-27
-7.3%
High volume
2026-03-06
2026-04-03
-11.4%
Ordinary volume
2021-04-23
2021-05-21
0.7%
Ordinary volume
2021-05-28
2021-06-25
-4.1%
Ordinary volume
2021-09-10
2021-10-08
-14.3%
Ordinary volume
2021-10-22
2021-11-19
-5.6%
Ordinary volume
2022-05-06
2022-06-03
-3.1%
Ordinary volume
2022-09-16
2022-10-14
-13.1%
Ordinary volume
2022-11-18
2022-12-16
-0.6%
Ordinary volume
2022-12-16
2023-01-13
15.1%
Ordinary volume
2023-01-27
2023-02-24
14.9%
Ordinary volume
2023-05-26
2023-06-23
7.5%
Ordinary volume
2023-06-23
2023-07-21
-4.9%
Ordinary volume
2023-07-28
2023-08-25
-4.4%
Ordinary volume
2023-10-13
2023-11-10
8.4%
Ordinary volume
2024-01-19
2024-02-16
5.9%
Ordinary volume
2024-05-31
2024-06-28
1.2%
Ordinary volume
2024-07-05
2024-08-02
-1.8%
Ordinary volume
2024-09-06
2024-10-04
10.6%
Ordinary volume
2024-11-15
2024-12-13
-1.9%
Ordinary volume
2024-12-13
2025-01-10
-4.3%
Ordinary volume
2025-01-31
2025-02-28
25.0%
Ordinary volume
2025-03-07
2025-04-04
-12.5%
Ordinary volume
2025-05-23
2025-06-20
4.3%
Ordinary volume
2025-08-01
2025-08-29
-5.3%
Ordinary volume
2025-08-29
2025-09-26
-1.1%
Ordinary volume
2025-11-14
2025-12-12
7.2%
Ordinary volume
2025-12-12
2026-01-09
0.6%
Ordinary volume
2026-02-27
2026-03-27
-15.5%
Ordinary volume
2026-05-01
2026-05-29
5.5%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-08-13
2021-11-12
-17.8%
High volume
2021-11-19
2022-02-18
-5.4%
High volume
2022-02-18
2022-05-20
-14.8%
High volume
2022-12-09
2023-03-10
11.1%
High volume
2023-03-10
2023-06-09
27.8%
High volume
2023-07-21
2023-10-20
-21.3%
High volume
2023-12-08
2024-03-08
20.9%
High volume
2024-06-14
2024-09-13
-10.9%
High volume
2024-11-29
2025-02-28
21.6%
High volume
2025-04-04
2025-07-04
27.7%
High volume
2025-09-26
2025-12-26
-8.0%
High volume
2026-01-30
2026-05-01
-20.1%
Ordinary volume
2021-04-23
2021-07-23
1.5%
Ordinary volume
2021-09-10
2021-12-10
-26.0%
Ordinary volume
2022-05-06
2022-08-05
0.7%
Ordinary volume
2022-09-16
2022-12-16
0.1%
Ordinary volume
2022-12-16
2023-03-17
24.9%
Ordinary volume
2023-05-26
2023-08-25
-3.4%
Ordinary volume
2023-10-13
2024-01-12
34.3%
Ordinary volume
2024-01-19
2024-04-19
7.5%
Ordinary volume
2024-05-31
2024-08-30
-4.9%
Ordinary volume
2024-09-06
2024-12-06
16.9%
Ordinary volume
2024-12-13
2025-03-14
19.2%
Ordinary volume
2025-05-23
2025-08-22
18.9%
Ordinary volume
2025-08-22
2025-11-21
-13.8%
Ordinary volume
2025-12-12
2026-03-13
-22.7%
Ordinary volume
2026-05-01
2026-07-31
20.6%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 120.80
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 price105.96
Earlier activity area100.53 โ 135.46
Recent volume balance-35.1%
Recent weekly volume0.55ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
155.64
617998
2025-10-10
147.49
337151
2025-10-17
144.97
483024
2025-10-24
141.86
868636
2025-10-31
136.43
496926
2025-11-07
133.32
750217
2025-11-14
131.77
268530
2025-11-21
134.68
433680
2025-11-28
141.67
879392
2025-12-05
141.86
1250714
2025-12-12
141.28
319451
2025-12-19
137.79
330330
2025-12-26
138.95
149901
2026-01-02
138.17
142208
2026-01-09
142.06
359330
2026-01-16
143.22
455979
2026-01-23
134.29
438348
2026-01-30
132.35
609053
2026-02-06
137.40
1058576
2026-02-13
123.23
1793112
2026-02-20
124.20
703183
2026-02-27
122.65
484401
2026-03-06
117.99
738836
2026-03-13
109.26
871593
2026-03-20
104.02
714388
2026-03-27
103.63
2392891
2026-04-03
104.60
1231593
2026-04-10
110.23
280327
2026-04-17
115.66
441163
2026-04-24
112.56
322750
2026-05-01
105.77
456527
2026-05-08
107.60
650499
2026-05-15
106.00
342134
2026-05-22
107.40
517168
2026-05-29
111.60
1297515
2026-06-05
109.20
216163
2026-06-12
109.80
85514
2026-06-19
116.40
1090268
2026-06-26
119.00
202002
2026-07-03
120.00
60866
2026-07-10
113.00
59098
2026-07-17
125.00
153374
2026-07-24
124.80
45418
2026-07-31
127.60
129896
2026-08-07
128.00
57745
2026-08-14
128.60
511335
2026-08-21
125.20
39288
2026-08-28
132.60
403644
2026-09-04
128.40
280372
2026-09-11
125.00
272317
2026-09-18
120.60
223148
2026-09-25
120.80
179947
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +1.56% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -8.90% over four weeks. Volume balance is -35.0% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is below its earlier norm
Recent median weekly volume is 0.55ร 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
16
-3.75
Available
13 weeks
10
-5.61
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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