The latest close is below the activity area established before the last four weeks. 3 of those four closes were below that area. Recent volume balance is positive; the estimated activity centre is lower.
52 weeks2025-10-17 to 2026-10-09Weekly volume estimate
The relationship beneath price ยท 2026-10-09
Mixed evidence
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move13.7%-17.2% over thirteen weeks
Latest relative volume1.19ร1.36ร recent four-week median
Closing pressure35.3%Volume-weighted position within weekly ranges
Up-week volume share53.8%46.2% 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
-5.0%
-28.5%
0.60ร
2025-10-24
1.4%
-20.2%
1.25ร
2025-10-31
-15.3%
-53.1%
1.59ร
2025-11-07
-14.4%
-46.6%
0.94ร
2025-11-14
-11.2%
-37.0%
0.58ร
2025-11-21
-7.5%
-15.0%
0.58ร
2025-11-28
48.9%
47.9%
4.43ร
2025-12-05
67.9%
48.5%
3.40ร
2025-12-12
51.9%
41.4%
1.24ร
2025-12-19
66.7%
38.8%
0.73ร
2025-12-26
8.6%
6.5%
0.48ร
2026-01-02
-14.4%
-32.9%
0.51ร
2026-01-09
2.4%
-28.5%
0.66ร
2026-01-16
8.4%
-6.5%
0.70ร
2026-01-23
0.0%
-4.6%
0.88ร
2026-01-30
9.1%
11.4%
1.23ร
2026-02-06
-8.6%
0.9%
0.74ร
2026-02-13
-13.1%
-10.3%
0.47ร
2026-02-20
-10.2%
-17.3%
0.71ร
2026-02-27
-7.0%
-30.9%
0.48ร
2026-03-06
-7.3%
-33.4%
0.95ร
2026-03-13
-22.3%
-30.1%
1.19ร
2026-03-20
-16.1%
0.3%
1.20ร
2026-03-27
-20.0%
7.2%
1.13ร
2026-04-03
-3.4%
28.7%
1.49ร
2026-04-10
14.6%
40.4%
1.07ร
2026-04-17
15.4%
44.8%
1.16ร
2026-04-24
10.6%
34.6%
0.62ร
2026-05-01
-8.1%
11.8%
1.73ร
2026-05-08
-27.3%
-15.8%
2.59ร
2026-05-15
-27.3%
-30.3%
0.61ร
2026-05-22
-28.3%
-30.8%
1.30ร
2026-05-29
-24.7%
-34.3%
0.99ร
2026-06-05
-10.4%
-17.5%
0.82ร
2026-06-12
-4.4%
-13.9%
0.29ร
2026-06-19
2.4%
4.0%
0.10ร
2026-06-26
2.5%
38.1%
0.03ร
2026-07-03
0.0%
22.7%
0.09ร
2026-07-10
-1.5%
27.0%
0.01ร
2026-07-17
-4.6%
26.6%
0.06ร
2026-07-24
0.8%
5.5%
0.13ร
2026-07-31
-35.8%
-53.6%
1.89ร
2026-08-07
-40.6%
-53.1%
0.13ร
2026-08-14
-29.8%
-53.0%
0.43ร
2026-08-21
-21.1%
-50.7%
0.21ร
2026-08-28
54.4%
14.0%
1.72ร
2026-09-04
44.7%
15.7%
0.16ร
2026-09-11
7.1%
-27.0%
1.90ร
2026-09-18
-3.1%
-18.2%
1.04ร
2026-09-25
-14.8%
-10.3%
1.96ร
2026-10-02
8.2%
9.5%
1.70ร
2026-10-09
13.7%
35.3%
1.19ร
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
33% 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: 33% of the way from the weekly low to high.
Volume-weighted return tilt
-2.16 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
52.6 / 100
Price direction15.0 / 30
Closing pressure10.6 / 30
Up-week volume13.5 / 25
Volume confirmation13.6 / 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
27
-1.5%
13
-6.3%
4.8 points
Advancing weeks
13 weeks
14
5.0%
9
-2.4%
7.3 points
Declining weeks
4 weeks
25
-4.2%
24
-9.5%
5.4 points
Declining weeks
13 weeks
11
-29.0%
14
-17.7%
-11.2 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
2021-04-30
2021-05-28
23.7%
High volume
2021-10-15
2021-11-12
-4.0%
High volume
2021-12-17
2022-01-14
15.1%
High volume
2022-02-25
2022-03-25
-14.1%
High volume
2022-04-08
2022-05-06
-16.1%
High volume
2022-07-22
2022-08-19
47.9%
High volume
2022-08-19
2022-09-16
20.1%
High volume
2022-12-16
2023-01-13
-2.2%
High volume
2023-01-13
2023-02-10
12.9%
High volume
2023-02-10
2023-03-10
-6.0%
High volume
2023-03-31
2023-04-28
22.5%
High volume
2023-04-28
2023-05-26
-10.2%
High volume
2023-07-21
2023-08-18
-1.5%
High volume
2023-10-20
2023-11-17
-4.0%
High volume
2023-12-01
2023-12-29
6.4%
High volume
2024-03-08
2024-04-05
-32.7%
High volume
2024-05-03
2024-05-31
32.3%
High volume
2024-07-26
2024-08-23
85.4%
High volume
2024-08-30
2024-09-27
-4.0%
High volume
2024-11-22
2024-12-20
-4.4%
High volume
2025-02-07
2025-03-07
15.0%
High volume
2025-03-21
2025-04-18
-24.2%
High volume
2025-07-25
2025-08-22
66.2%
High volume
2025-08-22
2025-09-19
-0.7%
High volume
2025-10-03
2025-10-31
-15.3%
High volume
2025-11-28
2025-12-26
8.6%
High volume
2026-08-28
2026-09-25
-14.8%
Ordinary volume
2021-07-23
2021-08-20
-1.1%
Ordinary volume
2021-09-24
2021-10-22
-12.5%
Ordinary volume
2022-03-25
2022-04-22
-6.3%
Ordinary volume
2022-11-18
2022-12-16
-40.9%
Ordinary volume
2023-06-23
2023-07-21
33.3%
Ordinary volume
2023-11-03
2023-12-01
0.0%
Ordinary volume
2023-12-15
2024-01-12
18.8%
Ordinary volume
2024-06-07
2024-07-05
-18.6%
Ordinary volume
2024-12-06
2025-01-03
-7.6%
Ordinary volume
2025-10-10
2025-11-07
-14.4%
Ordinary volume
2025-11-07
2025-12-05
67.9%
Ordinary volume
2026-04-10
2026-05-08
-27.3%
Ordinary volume
2026-06-05
2026-07-03
0.0%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-30
2021-07-30
-11.3%
High volume
2021-10-15
2022-01-14
14.5%
High volume
2022-02-25
2022-05-27
-38.6%
High volume
2022-07-22
2022-10-21
38.0%
High volume
2022-12-16
2023-03-17
-5.9%
High volume
2023-03-31
2023-06-30
12.5%
High volume
2023-07-21
2023-10-20
-37.0%
High volume
2023-10-20
2024-01-19
8.9%
High volume
2024-03-08
2024-06-07
-14.9%
High volume
2024-07-26
2024-10-25
95.1%
High volume
2024-11-22
2025-02-21
26.3%
High volume
2025-03-21
2025-06-20
-21.8%
High volume
2025-07-25
2025-10-24
50.5%
High volume
2025-11-28
2026-02-27
1.0%
Ordinary volume
2021-07-23
2021-10-22
-16.5%
Ordinary volume
2022-03-25
2022-06-24
-34.2%
Ordinary volume
2022-11-18
2023-02-17
-24.7%
Ordinary volume
2023-06-23
2023-09-22
50.0%
Ordinary volume
2023-11-03
2024-02-02
-2.4%
Ordinary volume
2024-06-07
2024-09-06
141.9%
Ordinary volume
2024-12-06
2025-03-07
17.0%
Ordinary volume
2025-10-10
2026-01-09
31.3%
Ordinary volume
2026-04-10
2026-07-10
-32.2%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-06-25
2021-07-23
-17.5%
High volume
2021-08-20
2021-09-17
-6.3%
High volume
2022-01-07
2022-02-04
-16.7%
High volume
2022-02-18
2022-03-18
-9.5%
High volume
2022-05-13
2022-06-10
-6.2%
High volume
2022-07-01
2022-07-29
-17.4%
High volume
2023-01-06
2023-02-03
-3.1%
High volume
2023-03-03
2023-03-31
-18.9%
High volume
2023-04-07
2023-05-05
27.1%
High volume
2023-09-15
2023-10-13
-38.8%
High volume
2023-10-13
2023-11-10
-4.2%
High volume
2023-11-24
2023-12-22
9.3%
High volume
2024-02-02
2024-03-01
-63.4%
High volume
2024-03-01
2024-03-29
-10.0%
High volume
2024-04-05
2024-05-03
-8.8%
High volume
2024-08-16
2024-09-13
17.1%
High volume
2024-09-13
2024-10-11
5.6%
High volume
2024-11-01
2024-11-29
-3.3%
High volume
2025-01-17
2025-02-14
72.3%
High volume
2025-08-29
2025-09-26
2.9%
High volume
2025-09-26
2025-10-24
1.4%
High volume
2025-10-31
2025-11-28
48.9%
High volume
2026-05-01
2026-05-29
-24.7%
High volume
2026-07-31
2026-08-28
54.4%
High volume
2026-09-11
2026-10-09
13.7%
Ordinary volume
2021-04-23
2021-05-21
33.0%
Ordinary volume
2021-06-04
2021-07-02
-11.6%
Ordinary volume
2021-10-08
2021-11-05
-1.4%
Ordinary volume
2022-01-21
2022-02-18
-44.0%
Ordinary volume
2022-03-04
2022-04-01
-2.4%
Ordinary volume
2022-04-22
2022-05-20
-20.3%
Ordinary volume
2022-05-20
2022-06-17
-6.8%
Ordinary volume
2022-06-17
2022-07-15
-58.2%
Ordinary volume
2022-09-16
2022-10-14
-14.9%
Ordinary volume
2023-01-27
2023-02-24
17.6%
Ordinary volume
2023-06-30
2023-07-28
63.0%
Ordinary volume
2023-11-10
2023-12-08
5.2%
Ordinary volume
2024-01-19
2024-02-16
-14.7%
Ordinary volume
2024-03-15
2024-04-12
-32.2%
Ordinary volume
2024-05-10
2024-06-07
41.0%
Ordinary volume
2024-06-21
2024-07-19
-18.0%
Ordinary volume
2024-10-25
2024-11-22
-28.8%
Ordinary volume
2024-12-13
2025-01-10
-9.1%
Ordinary volume
2025-03-14
2025-04-11
-10.0%
Ordinary volume
2025-12-12
2026-01-09
2.4%
Ordinary volume
2026-01-23
2026-02-20
-10.2%
Ordinary volume
2026-03-06
2026-04-03
-3.4%
Ordinary volume
2026-04-17
2026-05-15
-27.3%
Ordinary volume
2026-05-29
2026-06-26
2.5%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-06-25
2021-09-24
-21.2%
High volume
2022-01-07
2022-04-08
-53.5%
High volume
2022-05-13
2022-08-12
-43.1%
High volume
2023-01-06
2023-04-07
-9.2%
High volume
2023-04-07
2023-07-07
19.5%
High volume
2023-09-15
2023-12-15
-36.8%
High volume
2024-02-02
2024-05-03
-74.8%
High volume
2024-08-16
2024-11-15
-29.0%
High volume
2025-01-17
2025-04-18
0.0%
High volume
2025-08-29
2025-11-28
41.4%
High volume
2026-05-01
2026-07-31
-50.0%
Ordinary volume
2021-04-23
2021-07-23
-2.4%
Ordinary volume
2021-10-08
2022-01-07
22.5%
Ordinary volume
2022-01-21
2022-04-22
-50.7%
Ordinary volume
2022-04-22
2022-07-22
-67.3%
Ordinary volume
2022-09-16
2022-12-16
-35.4%
Ordinary volume
2023-01-27
2023-04-28
12.2%
Ordinary volume
2023-06-30
2023-09-29
13.3%
Ordinary volume
2023-11-10
2024-02-09
-2.4%
Ordinary volume
2024-02-09
2024-05-10
-73.7%
Ordinary volume
2024-05-10
2024-08-09
168.9%
Ordinary volume
2024-10-25
2025-01-24
-25.0%
Ordinary volume
2025-03-14
2025-06-13
-15.8%
Ordinary volume
2025-12-12
2026-03-13
-19.6%
Ordinary volume
2026-03-13
2026-06-12
-21.1%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 0.053
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 price0.0676
Earlier activity area0.059 โ 0.1067
Recent volume balance35.3%
Recent weekly volume1.07ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
0.076
6097836
2025-10-24
0.073
12059288
2025-10-31
0.0665
15321065
2025-11-07
0.0685
9543451
2025-11-14
0.0675
5828813
2025-11-21
0.0675
5853842
2025-11-28
0.099
44857154
2025-12-05
0.115
36114603
2025-12-12
0.1025
14092590
2025-12-19
0.1125
9487958
2025-12-26
0.1075
6237088
2026-01-02
0.0985
6679652
2026-01-09
0.105
8615833
2026-01-16
0.122
9120515
2026-01-23
0.1075
11550929
2026-01-30
0.1075
14503262
2026-02-06
0.096
9631928
2026-02-13
0.106
6153529
2026-02-20
0.0965
8368776
2026-02-27
0.10
5303644
2026-03-06
0.089
9596511
2026-03-13
0.0824
11453477
2026-03-20
0.081
11561480
2026-03-27
0.08
10826152
2026-04-03
0.086
14366043
2026-04-10
0.0944
10311579
2026-04-17
0.0935
11157539
2026-04-24
0.0885
6191885
2026-05-01
0.079
16650461
2026-05-08
0.0686
24870498
2026-05-15
0.068
6043954
2026-05-22
0.0635
12924247
2026-05-29
0.0595
10439258
2026-06-05
0.0615
8475717
2026-06-12
0.065
2933980
2026-06-19
0.065
981222
2026-06-26
0.061
256950
2026-07-03
0.0615
817886
2026-07-10
0.064
140133
2026-07-17
0.062
575604
2026-07-24
0.0615
1283574
2026-07-31
0.0395
17094739
2026-08-07
0.038
1146599
2026-08-14
0.0435
3584733
2026-08-21
0.0485
1738484
2026-08-28
0.061
12625632
2026-09-04
0.055
1479927
2026-09-11
0.0466
13918981
2026-09-18
0.047
7638080
2026-09-25
0.052
13584252
2026-10-02
0.0595
11738209
2026-10-09
0.053
8194941
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -37.92% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed +13.73% over four weeks. Volume balance is +35.3% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is close to its earlier norm
Recent median weekly volume is 1.07ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
3 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
2
โ
Too few examples
13 weeks
1
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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