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 little changed. The four-week price move and estimated closing pressure point in different directions.
52 weeks2025-10-03 to 2026-09-25Weekly volume estimate
The relationship beneath price ยท 2026-09-25
Priceโpressure disagreement
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move13.8%87.2% over thirteen weeks
Latest relative volume21.32ร25.84ร recent four-week median
Closing pressure-32.7%Volume-weighted position within weekly ranges
Up-week volume share63.1%36.9% in declining weeks ยท last 13 weeks
At 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
2026-03-13
-30.6%
-47.4%
0.22ร
2026-03-20
-30.3%
-43.1%
0.06ร
2026-03-27
-21.2%
-34.6%
0.06ร
2026-04-03
-2.9%
-11.5%
0.77ร
2026-04-10
24.2%
15.4%
0.41ร
2026-04-17
34.8%
24.3%
0.78ร
2026-04-24
19.5%
-4.9%
0.76ร
2026-05-01
7.0%
-20.0%
0.42ร
2026-05-08
-4.9%
-37.2%
0.52ร
2026-05-15
-18.2%
-81.2%
0.26ร
2026-05-22
-28.7%
-58.1%
0.61ร
2026-05-29
-26.3%
-60.2%
0.22ร
2026-06-05
-38.2%
-52.6%
0.06ร
2026-06-12
-20.3%
-39.5%
0.14ร
2026-06-19
27.7%
-50.3%
0.31ร
2026-06-26
20.8%
-29.3%
0.17ร
2026-07-03
43.7%
-13.1%
0.15ร
2026-07-10
16.5%
-37.1%
0.21ร
2026-07-17
-8.8%
-26.3%
0.08ร
2026-07-24
-2.1%
-40.8%
0.13ร
2026-07-31
4.9%
-56.2%
0.56ร
2026-08-07
2.4%
-36.2%
0.17ร
2026-08-14
8.9%
-13.4%
5.41ร
2026-08-21
61.2%
-48.4%
11.92ร
2026-08-28
65.8%
-34.2%
26.12ร
2026-09-04
68.2%
-27.6%
15.61ร
2026-09-11
84.6%
-9.3%
22.77ร
2026-09-18
17.3%
-46.5%
64.85ร
2026-09-25
13.8%
-32.7%
21.32ร
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
67% 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: 68% of the way from the weekly low to high.
Volume-weighted return tilt
-0.33 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
45.8 / 100
Price direction30.0 / 30
Closing pressure0.0 / 30
Up-week volume15.8 / 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
14
โ
5
โ
Limited sample
Advancing weeks
13 weeks
4
โ
3
โ
Limited sample
Declining weeks
4 weeks
7
โ
7
โ
Limited sample
Declining weeks
13 weeks
3
โ
4
โ
Limited sample
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
2023-05-19
2023-06-16
-1.8%
High volume
2023-06-16
2023-07-14
0.0%
High volume
2023-07-14
2023-08-11
-15.1%
High volume
2023-08-25
2023-09-22
-15.1%
High volume
2023-09-29
2023-10-27
6.6%
High volume
2023-11-03
2023-12-01
35.6%
High volume
2023-12-01
2023-12-29
-9.5%
High volume
2023-12-29
2024-01-26
-12.9%
High volume
2024-03-08
2024-04-05
-0.7%
High volume
2024-10-18
2024-11-15
-9.3%
High volume
2024-12-13
2025-01-10
-3.8%
High volume
2025-01-17
2025-02-14
-3.7%
High volume
2025-02-21
2025-03-21
7.0%
High volume
2026-08-14
2026-09-11
84.6%
Ordinary volume
2023-02-17
2023-03-17
-15.6%
Ordinary volume
2024-02-02
2024-03-01
23.0%
Ordinary volume
2024-03-01
2024-03-29
6.5%
Ordinary volume
2024-12-06
2025-01-03
9.5%
Ordinary volume
2026-04-03
2026-05-01
7.0%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2023-05-19
2023-08-18
-18.0%
High volume
2023-08-25
2023-11-24
43.0%
High volume
2023-11-24
2024-02-23
3.8%
High volume
2024-10-18
2025-01-17
0.0%
Ordinary volume
2023-02-17
2023-05-19
-21.3%
Ordinary volume
2024-12-06
2025-03-07
25.9%
Ordinary volume
2026-04-03
2026-07-03
-9.8%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2023-08-04
2023-09-01
-11.1%
High volume
2023-09-01
2023-09-29
7.7%
High volume
2023-10-06
2023-11-03
12.2%
High volume
2023-12-08
2024-01-05
-7.6%
High volume
2024-10-25
2024-11-22
-10.2%
High volume
2024-12-20
2025-01-17
5.9%
High volume
2025-02-28
2025-03-28
4.7%
Ordinary volume
2023-08-11
2023-09-08
-18.4%
Ordinary volume
2023-11-17
2023-12-15
10.4%
Ordinary volume
2023-12-15
2024-01-12
-0.9%
Ordinary volume
2024-11-08
2024-12-06
-3.3%
Ordinary volume
2025-01-10
2025-02-07
2.0%
Ordinary volume
2025-02-14
2025-03-14
25.2%
Ordinary volume
2026-04-24
2026-05-22
-28.7%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2023-08-04
2023-11-03
6.3%
High volume
2023-12-08
2024-03-08
18.3%
High volume
2024-10-25
2025-01-24
-0.6%
Ordinary volume
2023-08-11
2023-11-10
15.7%
Ordinary volume
2023-11-17
2024-02-16
12.3%
Ordinary volume
2024-11-08
2025-02-07
3.3%
Ordinary volume
2026-04-24
2026-07-24
-14.3%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 3,640.00
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 price3,472.47
Earlier activity area2,663.17 โ 4,744.22
Recent volume balance-32.7%
Recent weekly volume8.03ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
4,670.00
2547800
2025-10-10
7,450.00
15825000
2025-10-17
4,300.00
37387200
2025-10-24
4,520.00
452482000
2025-10-31
3,910.00
184088000
2025-11-07
3,670.00
62728300
2025-11-14
3,690.00
131809900
2025-11-21
3,490.00
22131500
2025-11-28
3,290.00
39054800
2025-12-05
2,940.00
36085000
2025-12-12
3,370.00
230036100
2025-12-19
3,180.00
37502000
2025-12-26
3,170.00
9707100
2026-01-02
3,190.00
15315900
2026-01-09
3,150.00
28687900
2026-01-16
3,050.00
16734800
2026-01-23
3,110.00
82494800
2026-01-30
2,600.00
35234600
2026-02-06
2,230.00
13176100
2026-02-13
2,530.00
14825300
2026-02-20
2,620.00
12014900
2026-02-27
2,360.00
10582900
2026-03-06
2,100.00
10392300
2026-03-13
1,755.00
6875100
2026-03-20
1,825.00
2006500
2026-03-27
1,860.00
1539600
2026-04-03
2,040.00
14936000
2026-04-10
2,180.00
8029700
2026-04-17
2,460.00
15244300
2026-04-24
2,222.70
12190700
2026-05-01
2,182.83
6401200
2026-05-08
2,073.19
7778700
2026-05-15
2,013.39
3798000
2026-05-22
1,584.79
8603800
2026-05-29
1,609.71
2845500
2026-06-05
1,280.79
777900
2026-06-12
1,604.73
1607200
2026-06-19
2,023.35
3260300
2026-06-26
1,945.00
1748500
2026-07-03
1,840.00
1465400
2026-07-10
1,870.00
1721600
2026-07-17
1,845.00
631400
2026-07-24
1,905.00
956200
2026-07-31
1,930.00
3724100
2026-08-07
1,915.00
852200
2026-08-14
2,010.00
20352100
2026-08-21
3,070.00
44825500
2026-08-28
3,200.00
98226100
2026-09-04
3,220.00
58701700
2026-09-11
3,710.00
85647600
2026-09-18
3,600.00
243895700
2026-09-25
3,640.00
108715300
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Little changed
The recent centre moved +1.51% against the earlier part of this period.
Price and volume
Disagreement
Price changed +13.75% over four weeks. Volume balance is -32.7% on a scale from โ100% to +100%.
Volume and price movement
More volume, limited price progress
Recent median weekly volume is 8.03ร 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
Price and recent volume balance currently disagree. Check whether they move in the same direction in later weeks.
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
6
2.05
Available
13 weeks
2
โ
Too few examples
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. 1 invalid records were excluded from the available history.
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