The latest close is above the activity area established before the last four weeks. 1 of those four closes were above that area. Recent volume balance is positive; the estimated activity centre is higher.
26 weeks2026-04-03 to 2026-09-25Weekly volume estimate
The relationship beneath price ยท 2026-09-25
Volume-supported advance
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move43.0%14.3% over thirteen weeks
Latest relative volume2.02ร2.10ร recent four-week median
Closing pressure53.7%Volume-weighted position within weekly ranges
Up-week volume share62.1%37.9% in declining weeks ยท last 13 weeks
13-week range breakoutAt 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
2026-09-11
20.3%
53.2%
1.78ร
2026-09-18
35.2%
34.6%
1.77ร
2026-09-25
43.0%
53.7%
2.02ร
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
89% 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: 98% of the way from the weekly low to high.
Volume-weighted return tilt
3.68 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
76.6 / 100
Price direction30.0 / 30
Closing pressure16.1 / 30
Up-week volume15.5 / 25
Volume confirmation15.0 / 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
0
โ
0
โ
Limited sample
Advancing weeks
13 weeks
0
โ
0
โ
Limited sample
Declining weeks
4 weeks
0
โ
0
โ
Limited sample
Declining weeks
13 weeks
0
โ
0
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
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 5,157.86
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 price4,784.39
Earlier activity area3,625.98 โ 5,136.95
Recent volume balance53.7%
Recent weekly volume2.84ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2026-04-03
2,428.44
1436
2026-04-10
2,884.51
3161
2026-04-17
3,545.00
5520
2026-04-24
4,105.97
10669
2026-05-01
4,925.00
13255
2026-05-08
4,560.00
8227
2026-05-15
4,890.00
835
2026-05-22
5,266.00
3830
2026-05-29
4,940.90
5176
2026-06-05
4,633.26
292
2026-06-12
4,537.89
150
2026-06-19
5,741.34
11
2026-06-26
4,514.28
6592
2026-07-03
4,733.00
7
2026-07-10
4,265.64
312
2026-07-17
3,500.00
14
2026-07-24
3,240.00
3988
2026-07-31
3,631.08
85
2026-08-07
3,740.00
182
2026-08-14
3,900.00
290
2026-08-21
3,400.00
294
2026-08-28
3,606.05
2061
2026-09-04
4,200.00
3334
2026-09-11
4,692.87
3118
2026-09-18
4,598.09
3098
2026-09-25
5,157.86
3526
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +7.11% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed +43.03% over four weeks. Volume balance is +53.7% on a scale from โ100% to +100%.
Volume and price movement
More volume, clear price movement
Recent median weekly volume is 2.84ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
1 of 4 closes above
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 above 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
0
โ
Too few examples
13 weeks
0
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. 89 invalid records were excluded from the available history.
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