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-12.7%-14.6% over thirteen weeks
Latest relative volume1.24ร1.25ร recent four-week median
Closing pressure-56.5%Volume-weighted position within weekly ranges
Up-week volume share37.6%62.4% 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
3.9%
55.8%
1.07ร
2025-10-24
2.5%
23.1%
1.03ร
2025-10-31
-6.3%
-15.1%
1.16ร
2025-11-07
-1.8%
-1.5%
0.86ร
2025-11-14
-3.3%
-29.0%
1.06ร
2025-11-21
2.0%
15.6%
1.29ร
2025-11-28
5.2%
33.4%
0.74ร
2025-12-05
-2.7%
-2.7%
1.05ร
2025-12-12
2.3%
22.7%
1.03ร
2025-12-19
0.6%
3.6%
1.68ร
2025-12-26
2.2%
11.3%
0.65ร
2026-01-02
7.0%
18.2%
0.75ร
2026-01-09
2.1%
16.0%
1.27ร
2026-01-16
-1.6%
-1.3%
1.58ร
2026-01-23
-11.2%
-39.8%
2.99ร
2026-01-30
-8.1%
-29.3%
1.86ร
2026-02-06
-0.4%
-20.1%
1.77ร
2026-02-13
6.6%
0.2%
1.43ร
2026-02-20
12.7%
21.8%
1.08ร
2026-02-27
14.9%
46.3%
0.96ร
2026-03-06
-3.8%
10.1%
0.94ร
2026-03-13
-18.5%
-33.8%
1.26ร
2026-03-20
-22.3%
-44.3%
1.75ร
2026-03-27
-25.3%
-48.8%
1.47ร
2026-04-03
-24.7%
-50.2%
2.46ร
2026-04-10
-7.9%
-8.3%
2.06ร
2026-04-17
2.1%
22.0%
1.51ร
2026-04-24
-2.0%
7.8%
1.10ร
2026-05-01
3.8%
19.6%
1.09ร
2026-05-08
-9.2%
-21.4%
1.19ร
2026-05-15
-13.9%
-48.0%
1.15ร
2026-05-22
-7.2%
-14.0%
0.84ร
2026-05-29
-5.7%
2.3%
1.10ร
2026-06-05
-3.1%
20.5%
0.96ร
2026-06-12
4.6%
35.6%
0.98ร
2026-06-19
-3.3%
-1.4%
1.50ร
2026-06-26
6.8%
35.5%
2.07ร
2026-07-03
13.2%
42.0%
1.03ร
2026-07-10
8.1%
41.4%
0.84ร
2026-07-17
11.9%
53.7%
0.93ร
2026-07-24
-1.2%
0.0%
0.77ร
2026-07-31
-3.9%
-31.4%
1.14ร
2026-08-07
1.0%
-25.9%
0.62ร
2026-08-14
5.7%
-2.5%
0.55ร
2026-08-21
10.9%
20.0%
0.78ร
2026-08-28
8.7%
43.5%
0.62ร
2026-09-04
-1.7%
5.5%
0.71ร
2026-09-11
-6.1%
-19.9%
0.61ร
2026-09-18
-12.1%
-56.4%
1.28ร
2026-09-25
-13.4%
-68.9%
0.77ร
2026-10-02
-14.2%
-62.9%
1.49ร
2026-10-09
-12.7%
-56.5%
1.24ร
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
96% 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: 40% of the way from the weekly low to high.
Volume-weighted return tilt
-0.48 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
9.4 / 100
Price direction0.0 / 30
Closing pressure0.0 / 30
Up-week volume9.4 / 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
18
-1.3%
40
-0.2%
-1.2 points
Advancing weeks
13 weeks
12
2.1%
18
-0.6%
2.8 points
Declining weeks
4 weeks
13
0.2%
47
0.1%
0.1 points
Declining weeks
13 weeks
10
3.9%
19
-3.1%
7.0 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
2021-12-03
2021-12-31
9.5%
High volume
2022-01-14
2022-02-11
4.6%
High volume
2022-03-04
2022-04-01
-1.4%
High volume
2022-10-07
2022-11-04
7.6%
High volume
2022-12-02
2022-12-30
-3.6%
High volume
2023-03-31
2023-04-28
6.1%
High volume
2023-06-02
2023-06-30
-1.4%
High volume
2023-10-27
2023-11-24
5.5%
High volume
2024-01-26
2024-02-23
-1.5%
High volume
2024-03-29
2024-04-26
-0.9%
High volume
2024-06-28
2024-07-26
7.5%
High volume
2025-03-28
2025-04-25
-7.9%
High volume
2025-06-27
2025-07-25
-5.6%
High volume
2025-10-03
2025-10-31
-6.3%
High volume
2025-12-19
2026-01-16
-1.6%
High volume
2026-01-30
2026-02-27
14.9%
High volume
2026-04-10
2026-05-08
-9.2%
High volume
2026-06-26
2026-07-24
-1.2%
Ordinary volume
2021-05-14
2021-06-11
-0.8%
Ordinary volume
2021-07-02
2021-07-30
-4.6%
Ordinary volume
2021-08-13
2021-09-10
-1.3%
Ordinary volume
2021-09-17
2021-10-15
-7.3%
Ordinary volume
2021-10-15
2021-11-12
2.7%
Ordinary volume
2021-11-12
2021-12-10
10.7%
Ordinary volume
2021-12-31
2022-01-28
1.7%
Ordinary volume
2022-04-08
2022-05-06
-4.5%
Ordinary volume
2022-05-27
2022-06-24
-5.5%
Ordinary volume
2022-07-22
2022-08-19
9.1%
Ordinary volume
2022-10-21
2022-11-18
13.4%
Ordinary volume
2022-11-25
2022-12-23
-0.8%
Ordinary volume
2023-02-17
2023-03-17
-4.1%
Ordinary volume
2023-03-24
2023-04-21
18.1%
Ordinary volume
2023-04-21
2023-05-19
3.8%
Ordinary volume
2023-06-09
2023-07-07
-6.2%
Ordinary volume
2023-07-14
2023-08-11
0.8%
Ordinary volume
2023-11-17
2023-12-15
0.8%
Ordinary volume
2023-12-22
2024-01-19
-3.6%
Ordinary volume
2024-02-16
2024-03-15
3.1%
Ordinary volume
2024-03-22
2024-04-19
6.1%
Ordinary volume
2024-04-19
2024-05-17
0.1%
Ordinary volume
2024-05-31
2024-06-28
-1.8%
Ordinary volume
2024-07-12
2024-08-09
8.7%
Ordinary volume
2024-08-30
2024-09-27
4.0%
Ordinary volume
2024-09-27
2024-10-25
-6.0%
Ordinary volume
2024-11-01
2024-11-29
-0.4%
Ordinary volume
2024-12-13
2025-01-10
-10.9%
Ordinary volume
2025-02-07
2025-03-07
5.5%
Ordinary volume
2025-05-02
2025-05-30
-4.3%
Ordinary volume
2025-05-30
2025-06-27
4.9%
Ordinary volume
2025-07-25
2025-08-22
1.0%
Ordinary volume
2025-09-05
2025-10-03
-2.8%
Ordinary volume
2025-10-17
2025-11-14
-3.3%
Ordinary volume
2025-11-14
2025-12-12
2.3%
Ordinary volume
2025-12-12
2026-01-09
2.1%
Ordinary volume
2026-02-27
2026-03-27
-25.3%
Ordinary volume
2026-05-22
2026-06-19
-3.3%
Ordinary volume
2026-07-03
2026-07-31
-3.9%
Ordinary volume
2026-07-31
2026-08-28
8.7%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-12-03
2022-03-04
17.3%
High volume
2022-03-04
2022-06-03
-12.8%
High volume
2022-10-07
2023-01-06
18.1%
High volume
2023-03-31
2023-06-30
5.3%
High volume
2023-10-27
2024-01-26
10.4%
High volume
2024-01-26
2024-04-26
10.2%
High volume
2024-06-28
2024-09-27
18.1%
High volume
2025-03-28
2025-06-27
-5.8%
High volume
2025-06-27
2025-09-26
-13.4%
High volume
2025-10-03
2026-01-02
-1.0%
High volume
2026-01-30
2026-05-01
-18.0%
High volume
2026-06-26
2026-09-25
-5.2%
Ordinary volume
2021-05-14
2021-08-13
-2.8%
Ordinary volume
2021-08-13
2021-11-12
-5.3%
Ordinary volume
2021-11-12
2022-02-11
23.7%
Ordinary volume
2022-04-08
2022-07-08
-19.3%
Ordinary volume
2022-07-22
2022-10-21
-11.8%
Ordinary volume
2022-10-21
2023-01-20
5.4%
Ordinary volume
2023-02-17
2023-05-19
17.9%
Ordinary volume
2023-06-09
2023-09-08
-10.6%
Ordinary volume
2023-11-17
2024-02-16
0.3%
Ordinary volume
2024-02-16
2024-05-17
12.5%
Ordinary volume
2024-05-31
2024-08-30
11.5%
Ordinary volume
2024-08-30
2024-11-29
-1.5%
Ordinary volume
2024-12-13
2025-03-14
0.3%
Ordinary volume
2025-05-02
2025-08-01
-7.0%
Ordinary volume
2025-08-08
2025-11-07
-6.9%
Ordinary volume
2025-11-07
2026-02-06
4.4%
Ordinary volume
2026-02-27
2026-05-29
-32.7%
Ordinary volume
2026-06-12
2026-09-11
5.8%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-10-01
2021-10-29
-0.2%
High volume
2023-01-27
2023-02-24
0.7%
High volume
2023-06-30
2023-07-28
3.5%
High volume
2023-10-06
2023-11-03
0.6%
High volume
2023-12-15
2024-01-12
-0.2%
High volume
2024-02-02
2024-03-01
0.2%
High volume
2024-10-04
2024-11-01
-1.8%
High volume
2025-03-14
2025-04-11
-4.8%
High volume
2025-04-11
2025-05-09
0.1%
High volume
2025-10-10
2025-11-07
-1.8%
High volume
2026-01-16
2026-02-13
6.6%
High volume
2026-03-20
2026-04-17
2.1%
High volume
2026-06-19
2026-07-17
11.9%
Ordinary volume
2021-04-30
2021-05-28
-1.4%
Ordinary volume
2021-06-11
2021-07-09
-1.6%
Ordinary volume
2021-07-23
2021-08-20
2.2%
Ordinary volume
2021-09-10
2021-10-08
-6.9%
Ordinary volume
2021-10-29
2021-11-26
6.6%
Ordinary volume
2021-12-24
2022-01-21
3.3%
Ordinary volume
2022-02-25
2022-03-25
1.8%
Ordinary volume
2022-04-29
2022-05-27
-7.6%
Ordinary volume
2022-06-03
2022-07-01
-8.0%
Ordinary volume
2022-07-15
2022-08-12
10.9%
Ordinary volume
2022-09-02
2022-09-30
-14.2%
Ordinary volume
2022-09-30
2022-10-28
11.7%
Ordinary volume
2022-11-04
2022-12-02
9.3%
Ordinary volume
2022-12-09
2023-01-06
1.7%
Ordinary volume
2023-01-13
2023-02-10
-8.1%
Ordinary volume
2023-02-10
2023-03-10
-4.8%
Ordinary volume
2023-04-14
2023-05-12
6.2%
Ordinary volume
2023-05-19
2023-06-16
4.2%
Ordinary volume
2023-07-07
2023-08-04
3.2%
Ordinary volume
2023-08-04
2023-09-01
-7.9%
Ordinary volume
2023-09-01
2023-09-29
-6.0%
Ordinary volume
2023-09-29
2023-10-27
-16.2%
Ordinary volume
2023-11-10
2023-12-08
3.3%
Ordinary volume
2024-01-05
2024-02-02
0.7%
Ordinary volume
2024-02-09
2024-03-08
6.1%
Ordinary volume
2024-04-12
2024-05-10
6.1%
Ordinary volume
2024-05-24
2024-06-21
-4.9%
Ordinary volume
2024-07-05
2024-08-02
11.9%
Ordinary volume
2024-08-09
2024-09-06
6.8%
Ordinary volume
2024-09-20
2024-10-18
-2.9%
Ordinary volume
2024-10-25
2024-11-22
-0.4%
Ordinary volume
2024-12-06
2025-01-03
-1.6%
Ordinary volume
2025-01-10
2025-02-07
9.8%
Ordinary volume
2025-02-14
2025-03-14
4.4%
Ordinary volume
2025-03-21
2025-04-18
-5.5%
Ordinary volume
2025-04-18
2025-05-16
0.1%
Ordinary volume
2025-06-13
2025-07-11
-2.2%
Ordinary volume
2025-07-11
2025-08-08
-2.3%
Ordinary volume
2025-08-15
2025-09-12
-1.1%
Ordinary volume
2025-09-12
2025-10-10
-3.3%
Ordinary volume
2025-10-24
2025-11-21
2.0%
Ordinary volume
2025-12-05
2026-01-02
7.0%
Ordinary volume
2026-01-02
2026-01-30
-8.1%
Ordinary volume
2026-02-20
2026-03-20
-22.3%
Ordinary volume
2026-04-24
2026-05-22
-7.2%
Ordinary volume
2026-05-29
2026-06-26
6.8%
Ordinary volume
2026-07-10
2026-08-07
1.0%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-10-01
2021-12-31
20.7%
High volume
2023-01-27
2023-04-28
18.6%
High volume
2023-06-30
2023-09-29
-12.9%
High volume
2023-10-06
2024-01-05
4.8%
High volume
2024-02-02
2024-05-03
12.1%
High volume
2024-10-04
2025-01-03
-4.8%
High volume
2025-03-14
2025-06-13
-7.3%
High volume
2025-10-10
2026-01-09
3.0%
High volume
2026-01-16
2026-04-17
-19.0%
High volume
2026-06-19
2026-09-18
5.4%
Ordinary volume
2021-04-30
2021-07-30
-6.5%
Ordinary volume
2021-07-30
2021-10-29
-4.3%
Ordinary volume
2021-10-29
2022-01-28
22.9%
Ordinary volume
2022-02-25
2022-05-27
-3.1%
Ordinary volume
2022-06-03
2022-09-02
-7.2%
Ordinary volume
2022-09-02
2022-12-02
4.5%
Ordinary volume
2022-12-09
2023-03-10
-16.4%
Ordinary volume
2023-04-14
2023-07-14
1.4%
Ordinary volume
2023-08-04
2023-11-03
-25.2%
Ordinary volume
2023-11-10
2024-02-09
0.2%
Ordinary volume
2024-02-09
2024-05-10
18.4%
Ordinary volume
2024-05-24
2024-08-23
10.5%
Ordinary volume
2024-09-20
2024-12-20
-4.5%
Ordinary volume
2024-12-20
2025-03-21
2.3%
Ordinary volume
2025-03-21
2025-06-20
-8.3%
Ordinary volume
2025-06-20
2025-09-19
-9.8%
Ordinary volume
2025-09-19
2025-12-19
5.5%
Ordinary volume
2026-01-02
2026-04-03
-27.4%
Ordinary volume
2026-04-24
2026-07-24
-3.1%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 44.81
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 price52.36
Earlier activity area44.82 โ 63.90
Recent volume balance-56.5%
Recent weekly volume1.39ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
66.47
11478955
2025-10-24
65.79
11124704
2025-10-31
63.14
12689449
2025-11-07
64.01
9773104
2025-11-14
64.30
12010988
2025-11-21
67.08
14625930
2025-11-28
66.41
8332349
2025-12-05
62.30
11822860
2025-12-12
65.74
11957247
2025-12-19
67.49
19710301
2025-12-26
67.84
7725284
2026-01-02
66.67
8834646
2026-01-09
67.11
14965743
2026-01-16
66.44
18608499
2026-01-23
60.24
35532712
2026-01-30
61.27
22276815
2026-02-06
66.81
21873167
2026-02-13
70.85
18225787
2026-02-20
67.88
14098553
2026-02-27
70.40
12521000
2026-03-06
64.27
12237088
2026-03-13
57.77
16304438
2026-03-20
52.75
23862677
2026-03-27
52.59
21162751
2026-04-03
48.41
35348354
2026-04-10
53.23
29626121
2026-04-17
53.84
21679364
2026-04-24
51.53
16286341
2026-05-01
50.24
17091144
2026-05-08
48.32
19410958
2026-05-15
46.35
19225529
2026-05-22
47.80
14772541
2026-05-29
47.37
19449649
2026-06-05
46.81
17669526
2026-06-12
48.50
18061906
2026-06-19
46.21
27659263
2026-06-26
50.58
38168727
2026-07-03
52.96
19394103
2026-07-10
52.45
16123902
2026-07-17
51.70
17974033
2026-07-24
49.96
14953314
2026-07-31
50.90
21420518
2026-08-07
52.96
11695047
2026-08-14
54.67
9890684
2026-08-21
55.41
14039566
2026-08-28
55.33
11131942
2026-09-04
52.08
12828990
2026-09-11
51.32
10971422
2026-09-18
48.72
22994521
2026-09-25
47.94
13901708
2026-10-02
44.67
26586177
2026-10-09
44.81
22086725
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -15.69% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -12.69% over four weeks. Volume balance is -56.5% 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
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
16
1.81
Available
13 weeks
9
4.53
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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