The latest close is below the activity area established before the last four weeks. 4 of those four closes were below that area. Recent volume balance is mixed; the estimated activity centre is lower.
52 weeks2025-10-03 to 2026-09-25Weekly volume estimate
The relationship beneath price ยท 2026-09-25
Advance on lighter volume
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move1.0%6.3% over thirteen weeks
Latest relative volume0.33ร0.72ร recent four-week median
Closing pressure-2.0%Volume-weighted position within weekly ranges
Up-week volume share47.9%52.1% 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
-4.5%
-25.7%
0.47ร
2025-10-10
-8.5%
-41.6%
0.12ร
2025-10-17
-10.5%
-45.4%
0.69ร
2025-10-24
2.3%
15.2%
0.86ร
2025-10-31
2.6%
-4.6%
0.83ร
2025-11-07
6.2%
6.7%
1.09ร
2025-11-14
11.1%
-15.2%
2.07ร
2025-11-21
2.4%
-44.1%
0.96ร
2025-11-28
-6.2%
-44.9%
1.72ร
2025-12-05
-5.7%
-45.1%
0.69ร
2025-12-12
-10.1%
-26.2%
0.61ร
2025-12-19
-7.9%
-25.0%
0.97ร
2025-12-26
0.7%
-5.7%
0.31ร
2026-01-02
-7.3%
-39.8%
0.41ร
2026-01-09
-11.3%
-83.3%
0.71ร
2026-01-16
-0.2%
-25.5%
1.00ร
2026-01-23
9.4%
14.3%
1.45ร
2026-01-30
20.5%
40.1%
1.61ร
2026-02-06
22.8%
45.3%
1.60ร
2026-02-13
29.4%
51.4%
2.39ร
2026-02-20
20.5%
49.1%
0.63ร
2026-02-27
13.9%
5.1%
2.74ร
2026-03-06
2.3%
1.1%
1.46ร
2026-03-13
-16.5%
-32.6%
1.35ร
2026-03-20
-11.1%
-24.9%
0.84ร
2026-03-27
-13.4%
5.2%
1.06ร
2026-04-03
-10.3%
-5.6%
1.03ร
2026-04-10
-0.5%
22.8%
0.62ร
2026-04-17
-6.9%
10.6%
0.79ร
2026-04-24
-2.5%
22.1%
0.64ร
2026-05-01
11.9%
53.0%
1.10ร
2026-05-08
1.7%
17.9%
0.93ร
2026-05-15
-1.9%
-12.6%
1.45ร
2026-05-22
-6.2%
-23.3%
1.24ร
2026-05-29
-16.7%
-42.6%
0.92ร
2026-06-05
-13.5%
-36.8%
0.17ร
2026-06-12
-6.5%
-28.6%
0.80ร
2026-06-19
-6.1%
-46.7%
0.29ร
2026-06-26
-9.8%
-36.7%
0.24ร
2026-07-03
-5.7%
-35.5%
0.14ร
2026-07-10
-11.9%
-31.7%
0.14ร
2026-07-17
-10.6%
-47.5%
0.57ร
2026-07-24
2.2%
-47.8%
0.10ร
2026-07-31
-5.2%
-46.1%
0.10ร
2026-08-07
1.3%
-32.1%
0.12ร
2026-08-14
6.6%
54.6%
0.16ร
2026-08-21
-2.8%
76.7%
0.11ร
2026-08-28
6.9%
79.5%
0.50ร
2026-09-04
4.4%
58.9%
0.70ร
2026-09-11
3.1%
57.7%
0.80ร
2026-09-18
7.9%
11.6%
1.66ร
2026-09-25
1.0%
-2.0%
0.33ร
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
16% 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
-0.19 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
42.0 / 100
Price direction30.0 / 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
15
-0.9%
30
-2.6%
1.7 points
Advancing weeks
13 weeks
11
3.1%
13
-4.1%
7.2 points
Declining weeks
4 weeks
16
0.7%
28
0.0%
0.7 points
Declining weeks
13 weeks
11
5.0%
14
-4.4%
9.4 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
4.9%
High volume
2021-05-28
2021-06-25
3.3%
High volume
2021-12-17
2022-01-14
-3.1%
High volume
2022-05-13
2022-06-10
2.2%
High volume
2022-06-17
2022-07-15
-9.1%
High volume
2022-08-12
2022-09-09
5.1%
High volume
2023-05-19
2023-06-16
-4.0%
High volume
2023-11-10
2023-12-08
-4.1%
High volume
2024-02-02
2024-03-01
-4.4%
High volume
2024-12-20
2025-01-17
-6.4%
High volume
2025-05-16
2025-06-13
23.0%
High volume
2025-06-27
2025-07-25
5.6%
High volume
2025-08-29
2025-09-26
-0.9%
High volume
2025-11-14
2025-12-12
-10.1%
High volume
2026-01-30
2026-02-27
13.9%
Ordinary volume
2022-02-18
2022-03-18
6.9%
Ordinary volume
2022-03-25
2022-04-22
6.1%
Ordinary volume
2022-04-22
2022-05-20
0.6%
Ordinary volume
2022-05-27
2022-06-24
4.9%
Ordinary volume
2022-08-19
2022-09-16
1.4%
Ordinary volume
2022-09-23
2022-10-21
-19.7%
Ordinary volume
2022-11-04
2022-12-02
-10.2%
Ordinary volume
2022-12-09
2023-01-06
-2.6%
Ordinary volume
2023-01-13
2023-02-10
-3.7%
Ordinary volume
2023-03-31
2023-04-28
-2.6%
Ordinary volume
2023-06-09
2023-07-07
-14.2%
Ordinary volume
2023-07-14
2023-08-11
2.2%
Ordinary volume
2023-08-11
2023-09-08
-4.6%
Ordinary volume
2023-09-22
2023-10-20
-5.1%
Ordinary volume
2023-11-17
2023-12-15
-4.1%
Ordinary volume
2023-12-15
2024-01-12
-4.1%
Ordinary volume
2024-01-12
2024-02-09
29.8%
Ordinary volume
2024-03-22
2024-04-19
-13.0%
Ordinary volume
2024-04-26
2024-05-24
-5.9%
Ordinary volume
2024-05-31
2024-06-28
-3.6%
Ordinary volume
2024-08-02
2024-08-30
0.2%
Ordinary volume
2025-02-07
2025-03-07
11.5%
Ordinary volume
2025-03-28
2025-04-25
0.2%
Ordinary volume
2025-04-25
2025-05-23
14.3%
Ordinary volume
2025-09-19
2025-10-17
-10.5%
Ordinary volume
2025-10-24
2025-11-21
2.4%
Ordinary volume
2026-01-16
2026-02-13
29.4%
Ordinary volume
2026-03-20
2026-04-17
-6.9%
Ordinary volume
2026-04-17
2026-05-15
-1.9%
Ordinary volume
2026-06-12
2026-07-10
-11.9%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-30
2021-07-30
3.1%
High volume
2021-12-17
2022-03-18
4.2%
High volume
2022-05-13
2022-08-12
11.5%
High volume
2022-08-12
2022-11-11
-13.9%
High volume
2023-05-19
2023-08-18
-15.7%
High volume
2023-11-10
2024-02-09
19.8%
High volume
2024-02-09
2024-05-10
-17.8%
High volume
2024-12-20
2025-03-21
3.3%
High volume
2025-05-16
2025-08-15
15.0%
High volume
2025-08-29
2025-11-28
-6.0%
High volume
2026-01-30
2026-05-01
1.4%
Ordinary volume
2022-02-18
2022-05-20
17.5%
Ordinary volume
2022-05-27
2022-08-26
17.2%
Ordinary volume
2022-09-23
2022-12-23
-19.0%
Ordinary volume
2023-01-13
2023-04-14
-10.4%
Ordinary volume
2023-06-09
2023-09-08
-14.2%
Ordinary volume
2023-09-22
2023-12-22
6.8%
Ordinary volume
2023-12-22
2024-03-22
8.1%
Ordinary volume
2024-03-22
2024-06-21
-13.5%
Ordinary volume
2024-08-02
2024-11-01
-4.1%
Ordinary volume
2025-02-07
2025-05-09
17.6%
Ordinary volume
2025-09-19
2025-12-19
-12.4%
Ordinary volume
2026-01-16
2026-04-17
8.3%
Ordinary volume
2026-04-17
2026-07-17
-21.2%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-07
2021-06-04
17.6%
High volume
2021-06-18
2021-07-16
-1.9%
High volume
2022-06-10
2022-07-08
-1.7%
High volume
2022-07-08
2022-08-05
6.6%
High volume
2022-10-21
2022-11-18
-1.1%
High volume
2022-11-18
2022-12-16
1.9%
High volume
2023-06-23
2023-07-21
-1.9%
High volume
2023-10-20
2023-11-17
16.5%
High volume
2024-02-16
2024-03-15
-6.1%
High volume
2024-03-15
2024-04-12
-10.3%
High volume
2024-06-14
2024-07-12
0.6%
High volume
2024-11-22
2024-12-20
7.4%
High volume
2025-06-13
2025-07-11
16.8%
High volume
2025-07-18
2025-08-15
-12.1%
High volume
2025-11-28
2025-12-26
0.7%
High volume
2026-02-06
2026-03-06
2.3%
Ordinary volume
2021-07-02
2021-07-30
-4.1%
Ordinary volume
2021-07-30
2021-08-27
-6.9%
Ordinary volume
2021-12-03
2021-12-31
3.0%
Ordinary volume
2022-01-07
2022-02-04
-4.3%
Ordinary volume
2022-09-09
2022-10-07
-7.2%
Ordinary volume
2022-10-07
2022-11-04
-6.1%
Ordinary volume
2022-12-16
2023-01-13
5.7%
Ordinary volume
2023-03-10
2023-04-07
0.2%
Ordinary volume
2023-04-21
2023-05-19
0.7%
Ordinary volume
2023-05-26
2023-06-23
-10.0%
Ordinary volume
2023-06-30
2023-07-28
1.4%
Ordinary volume
2023-08-18
2023-09-15
7.6%
Ordinary volume
2023-12-01
2023-12-29
1.9%
Ordinary volume
2024-01-05
2024-02-02
26.2%
Ordinary volume
2024-04-05
2024-05-03
0.4%
Ordinary volume
2024-06-07
2024-07-05
-1.0%
Ordinary volume
2024-07-05
2024-08-02
-1.8%
Ordinary volume
2024-09-06
2024-10-04
1.9%
Ordinary volume
2024-10-18
2024-11-15
-8.3%
Ordinary volume
2024-11-15
2024-12-13
-1.8%
Ordinary volume
2025-02-28
2025-03-28
8.2%
Ordinary volume
2025-04-04
2025-05-02
7.5%
Ordinary volume
2025-08-15
2025-09-12
12.3%
Ordinary volume
2025-09-26
2025-10-24
2.3%
Ordinary volume
2025-10-31
2025-11-28
-6.2%
Ordinary volume
2025-12-19
2026-01-16
-0.2%
Ordinary volume
2026-03-27
2026-04-24
-2.5%
Ordinary volume
2026-05-08
2026-06-05
-13.5%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-07
2021-08-06
8.0%
High volume
2022-06-10
2022-09-09
14.7%
High volume
2022-10-21
2023-01-20
9.3%
High volume
2023-06-23
2023-09-22
2.7%
High volume
2023-10-20
2024-01-19
3.0%
High volume
2024-02-16
2024-05-17
-12.8%
High volume
2024-06-14
2024-09-13
-3.4%
High volume
2024-11-22
2025-02-21
9.1%
High volume
2025-06-13
2025-09-12
5.0%
High volume
2025-11-28
2026-02-27
30.2%
High volume
2026-02-27
2026-05-29
-25.8%
Ordinary volume
2021-07-02
2021-10-01
-15.9%
Ordinary volume
2021-12-03
2022-03-04
2.0%
Ordinary volume
2022-09-09
2022-12-09
-19.6%
Ordinary volume
2022-12-16
2023-03-17
-7.7%
Ordinary volume
2023-03-24
2023-06-23
-8.0%
Ordinary volume
2023-06-30
2023-09-29
1.8%
Ordinary volume
2023-12-01
2024-03-01
13.8%
Ordinary volume
2024-04-05
2024-07-05
-6.0%
Ordinary volume
2024-07-05
2024-10-04
-2.8%
Ordinary volume
2024-10-18
2025-01-17
-12.3%
Ordinary volume
2025-02-28
2025-05-30
43.9%
Ordinary volume
2025-08-15
2025-11-14
15.9%
Ordinary volume
2025-11-21
2026-02-20
20.3%
Ordinary volume
2026-03-27
2026-06-26
-22.7%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 24,400.00
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 price29,031.53
Earlier activity area26,187.66 โ 31,437.88
Recent volume balance-2.0%
Recent weekly volume0.57ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
27,348.95
654372
2025-10-10
26,917.12
168071
2025-10-17
27,348.95
959669
2025-10-24
28,404.52
1195835
2025-10-31
28,068.66
1154717
2025-11-07
28,596.45
1524596
2025-11-14
30,371.73
3024182
2025-11-21
29,076.25
1478840
2025-11-28
26,341.36
2651758
2025-12-05
26,965.10
1058319
2025-12-12
27,300.97
922980
2025-12-19
26,773.18
1389514
2025-12-26
26,533.28
438738
2026-01-02
24,997.90
575001
2026-01-09
24,230.21
950327
2026-01-16
26,725.20
1235835
2026-01-23
29,028.27
1768262
2026-01-30
30,131.82
1951676
2026-02-06
29,747.98
1945239
2026-02-13
34,594.02
3016178
2026-02-20
34,977.87
836202
2026-02-27
34,306.14
3667784
2026-03-06
30,419.71
1947777
2026-03-13
28,884.33
1804639
2026-03-20
31,091.44
1118932
2026-03-27
29,700.00
1334017
2026-04-03
27,300.00
1322019
2026-04-10
28,750.00
816763
2026-04-17
28,950.00
1051150
2026-04-24
28,950.00
855223
2026-05-01
30,550.00
1454473
2026-05-08
29,250.00
1272861
2026-05-15
28,400.00
1930698
2026-05-22
27,150.00
1646858
2026-05-29
25,450.00
1220067
2026-06-05
25,300.00
216335
2026-06-12
26,550.00
1039915
2026-06-19
25,500.00
381047
2026-06-26
22,950.00
304983
2026-07-03
23,850.00
169352
2026-07-10
23,400.00
177062
2026-07-17
22,800.00
721137
2026-07-24
23,450.00
124286
2026-07-31
22,600.00
120177
2026-08-07
23,700.00
130902
2026-08-14
24,300.00
167388
2026-08-21
22,800.00
105972
2026-08-28
24,150.00
470644
2026-09-04
24,750.00
583086
2026-09-11
25,050.00
613075
2026-09-18
24,600.00
1107868
2026-09-25
24,400.00
221209
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -15.02% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed +1.04% over four weeks. Volume balance is -2.0% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is below its earlier norm
Recent median weekly volume is 0.57ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
4 of 4 closes below
Price was below 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
7
-0.85
Available
13 weeks
4
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.
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