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 positive; the estimated activity centre is lower. 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
Mixed evidence
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move-0.7%-5.6% over thirteen weeks
Latest relative volume1.38ร1.34ร recent four-week median
Closing pressure51.8%Volume-weighted position within weekly ranges
Up-week volume share8.8%91.2% 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
2025-10-03
0.6%
0.6%
2.88ร
2025-10-10
0.1%
5.6%
0.08ร
2025-10-17
-0.1%
18.8%
1.68ร
2025-10-24
11.6%
60.0%
1.69ร
2025-10-31
2.7%
25.1%
0.75ร
2025-11-07
-0.7%
11.0%
0.88ร
2025-11-14
5.2%
37.3%
1.07ร
2025-11-21
1.7%
16.4%
0.39ร
2025-11-28
3.2%
29.2%
0.20ร
2025-12-05
5.0%
49.5%
0.76ร
2025-12-12
3.4%
46.0%
0.27ร
2025-12-19
4.0%
50.7%
0.71ร
2025-12-26
2.1%
32.3%
0.58ร
2026-01-02
5.7%
33.9%
0.42ร
2026-01-09
2.7%
30.7%
0.52ร
2026-01-16
-3.8%
-3.9%
0.31ร
2026-01-23
-1.7%
-8.5%
1.60ร
2026-01-30
-5.6%
-12.1%
1.32ร
2026-02-06
-3.1%
-13.0%
1.09ร
2026-02-13
-0.8%
3.4%
1.40ร
2026-02-20
-1.6%
16.1%
0.45ร
2026-02-27
-2.1%
5.3%
2.09ร
2026-03-06
-4.2%
14.6%
1.23ร
2026-03-13
-8.1%
11.8%
1.01ร
2026-03-20
-4.2%
24.6%
0.83ร
2026-03-27
-0.4%
63.2%
0.27ร
2026-04-03
1.1%
76.5%
0.35ร
2026-04-10
4.5%
100.0%
0.36ร
2026-04-17
2.1%
100.0%
0.72ร
2026-04-24
4.2%
98.3%
0.41ร
2026-05-01
2.7%
87.4%
0.37ร
2026-05-08
-2.6%
-5.6%
2.05ร
2026-05-15
-4.4%
-16.8%
0.92ร
2026-05-22
-13.6%
-44.6%
1.25ร
2026-05-29
-17.7%
-51.3%
2.44ร
2026-06-05
-11.5%
-28.3%
0.25ร
2026-06-12
-15.8%
-35.7%
0.38ร
2026-06-19
-9.8%
-25.0%
0.17ร
2026-06-26
-2.1%
47.3%
0.04ร
2026-07-03
-4.7%
42.1%
0.01ร
2026-07-10
1.8%
-54.7%
0.00ร
2026-07-17
1.7%
30.1%
0.26ร
2026-07-24
-2.9%
-44.6%
0.30ร
2026-07-31
-1.3%
-44.8%
0.01ร
2026-08-07
-2.1%
-47.8%
0.03ร
2026-08-14
-0.5%
-81.7%
0.09ร
2026-08-21
3.1%
0.8%
0.03ร
2026-08-28
-3.3%
-65.2%
11.55ร
2026-09-04
-2.2%
-52.7%
1.38ร
2026-09-11
-3.7%
-36.0%
1.97ร
2026-09-18
-5.0%
-36.9%
0.13ร
2026-09-25
-0.7%
51.8%
1.38ร
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
25% 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: 65% of the way from the weekly low to high.
Volume-weighted return tilt
-3.00 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
17.7 / 100
Price direction0.0 / 30
Closing pressure15.5 / 30
Up-week volume2.2 / 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
19
-1.2%
19
-1.1%
-0.1 points
Advancing weeks
13 weeks
12
-2.0%
11
-2.9%
0.9 points
Declining weeks
4 weeks
29
-0.6%
23
-1.1%
0.5 points
Declining weeks
13 weeks
14
1.6%
13
-4.3%
5.9 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
2021-04-09
2021-05-07
38.8%
High volume
2021-05-07
2021-06-04
-1.2%
High volume
2022-02-11
2022-03-11
0.9%
High volume
2022-04-22
2022-05-20
-8.8%
High volume
2022-05-20
2022-06-17
-9.0%
High volume
2023-04-07
2023-05-05
-5.6%
High volume
2023-06-16
2023-07-14
-4.9%
High volume
2023-07-14
2023-08-11
-8.1%
High volume
2023-08-25
2023-09-22
6.7%
High volume
2023-12-01
2023-12-29
6.1%
High volume
2024-06-14
2024-07-12
1.7%
High volume
2024-07-12
2024-08-09
-7.8%
High volume
2024-11-22
2024-12-20
0.9%
High volume
2025-02-21
2025-03-21
-1.3%
High volume
2025-04-18
2025-05-16
4.4%
High volume
2025-05-30
2025-06-27
18.8%
High volume
2025-07-04
2025-08-01
-4.4%
High volume
2025-10-03
2025-10-31
2.7%
High volume
2026-01-23
2026-02-20
-1.6%
Ordinary volume
2021-12-10
2022-01-07
-3.7%
Ordinary volume
2022-04-15
2022-05-13
-7.8%
Ordinary volume
2022-11-11
2022-12-09
1.5%
Ordinary volume
2023-02-17
2023-03-17
-3.5%
Ordinary volume
2023-04-28
2023-05-26
0.6%
Ordinary volume
2023-06-09
2023-07-07
-4.7%
Ordinary volume
2023-11-24
2023-12-22
7.1%
Ordinary volume
2023-12-22
2024-01-19
-2.8%
Ordinary volume
2024-02-02
2024-03-01
0.8%
Ordinary volume
2024-04-19
2024-05-17
-6.8%
Ordinary volume
2024-05-31
2024-06-28
2.5%
Ordinary volume
2024-07-19
2024-08-16
-5.0%
Ordinary volume
2024-08-16
2024-09-13
-3.3%
Ordinary volume
2024-09-20
2024-10-18
-1.1%
Ordinary volume
2024-10-18
2024-11-15
0.2%
Ordinary volume
2025-09-12
2025-10-10
0.1%
Ordinary volume
2025-11-14
2025-12-12
3.4%
Ordinary volume
2026-02-06
2026-03-06
-4.2%
Ordinary volume
2026-03-20
2026-04-17
2.1%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-09
2021-07-09
18.6%
High volume
2022-02-11
2022-05-13
-5.3%
High volume
2022-05-20
2022-08-19
-8.7%
High volume
2023-04-07
2023-07-07
-8.6%
High volume
2023-07-14
2023-10-13
-3.0%
High volume
2023-12-01
2024-03-01
6.5%
High volume
2024-06-14
2024-09-13
-5.7%
High volume
2024-11-22
2025-02-21
-6.4%
High volume
2025-02-21
2025-05-23
1.2%
High volume
2025-05-30
2025-08-29
11.1%
High volume
2025-10-03
2026-01-02
9.8%
High volume
2026-01-23
2026-04-24
-1.0%
Ordinary volume
2021-12-10
2022-03-11
8.4%
Ordinary volume
2022-04-15
2022-07-15
-16.1%
Ordinary volume
2022-11-11
2023-02-10
9.8%
Ordinary volume
2023-02-17
2023-05-19
-9.9%
Ordinary volume
2023-06-09
2023-09-08
-5.0%
Ordinary volume
2023-11-24
2024-02-23
7.8%
Ordinary volume
2024-04-19
2024-07-19
-2.9%
Ordinary volume
2024-07-19
2024-10-18
-8.9%
Ordinary volume
2024-10-18
2025-01-17
1.0%
Ordinary volume
2025-09-12
2025-12-12
5.3%
Ordinary volume
2026-02-06
2026-05-08
-5.4%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-14
2021-06-11
2.5%
High volume
2021-06-11
2021-07-09
-10.3%
High volume
2021-07-23
2021-08-20
-15.0%
High volume
2022-01-21
2022-02-18
14.2%
High volume
2022-02-18
2022-03-18
2.4%
High volume
2022-04-29
2022-05-27
-9.5%
High volume
2022-06-17
2022-07-15
-0.7%
High volume
2022-11-25
2022-12-23
7.1%
High volume
2023-04-14
2023-05-12
-1.1%
High volume
2023-05-19
2023-06-16
2.4%
High volume
2023-06-30
2023-07-28
-9.2%
High volume
2023-07-28
2023-08-25
0.1%
High volume
2023-10-27
2023-11-24
6.1%
High volume
2023-12-15
2024-01-12
-0.7%
High volume
2024-06-28
2024-07-26
-1.2%
High volume
2024-07-26
2024-08-23
-0.6%
High volume
2024-09-06
2024-10-04
-0.2%
High volume
2024-11-01
2024-11-29
-1.1%
High volume
2025-02-07
2025-03-07
0.3%
High volume
2025-04-11
2025-05-09
7.4%
High volume
2025-05-23
2025-06-20
28.7%
High volume
2025-06-20
2025-07-18
-1.1%
High volume
2025-07-18
2025-08-15
-7.2%
High volume
2025-08-22
2025-09-19
-5.7%
High volume
2025-09-19
2025-10-17
-0.1%
High volume
2025-10-17
2025-11-14
5.2%
High volume
2026-02-27
2026-03-27
-0.4%
High volume
2026-05-08
2026-06-05
-11.5%
High volume
2026-08-28
2026-09-25
-0.7%
Ordinary volume
2021-07-09
2021-08-06
6.0%
Ordinary volume
2022-01-07
2022-02-04
-1.6%
Ordinary volume
2022-03-25
2022-04-22
4.1%
Ordinary volume
2022-05-06
2022-06-03
-5.8%
Ordinary volume
2022-06-10
2022-07-08
-9.5%
Ordinary volume
2022-09-16
2022-10-14
-6.9%
Ordinary volume
2022-10-14
2022-11-11
2.7%
Ordinary volume
2022-11-18
2022-12-16
3.1%
Ordinary volume
2023-02-24
2023-03-24
-5.9%
Ordinary volume
2023-03-24
2023-04-21
-3.5%
Ordinary volume
2023-06-23
2023-07-21
-8.7%
Ordinary volume
2024-01-19
2024-02-16
6.4%
Ordinary volume
2024-03-15
2024-04-12
-0.2%
Ordinary volume
2024-04-26
2024-05-24
-1.1%
Ordinary volume
2024-08-02
2024-08-30
-1.7%
Ordinary volume
2024-08-30
2024-09-27
-3.8%
Ordinary volume
2024-12-06
2025-01-03
4.7%
Ordinary volume
2025-01-24
2025-02-21
-6.0%
Ordinary volume
2025-03-14
2025-04-11
-0.6%
Ordinary volume
2025-10-31
2025-11-28
3.2%
Ordinary volume
2025-12-05
2026-01-02
5.7%
Ordinary volume
2026-03-06
2026-04-03
1.1%
Ordinary volume
2026-05-15
2026-06-12
-15.8%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-14
2021-08-13
-6.3%
High volume
2022-01-21
2022-04-22
19.6%
High volume
2022-04-29
2022-07-29
-14.6%
High volume
2022-11-25
2023-02-24
14.8%
High volume
2023-04-14
2023-07-14
-6.0%
High volume
2023-07-21
2023-10-20
1.5%
High volume
2023-10-27
2024-01-26
9.5%
High volume
2024-06-28
2024-09-27
-6.9%
High volume
2024-09-27
2024-12-27
1.6%
High volume
2025-02-07
2025-05-09
6.6%
High volume
2025-05-23
2025-08-22
17.2%
High volume
2025-08-22
2025-11-21
3.9%
High volume
2026-02-27
2026-05-29
-15.8%
High volume
2026-05-29
2026-08-28
-7.0%
Ordinary volume
2021-07-09
2021-10-08
-9.3%
Ordinary volume
2022-01-07
2022-04-08
11.2%
Ordinary volume
2022-04-08
2022-07-08
-15.1%
Ordinary volume
2022-09-16
2022-12-16
-2.2%
Ordinary volume
2023-02-24
2023-05-26
-7.8%
Ordinary volume
2023-06-23
2023-09-22
-6.0%
Ordinary volume
2024-01-19
2024-04-19
4.8%
Ordinary volume
2024-04-26
2024-07-26
0.4%
Ordinary volume
2024-08-02
2024-11-01
-5.7%
Ordinary volume
2024-12-06
2025-03-07
-4.3%
Ordinary volume
2025-03-14
2025-06-13
34.4%
Ordinary volume
2025-10-31
2026-01-30
0.9%
Ordinary volume
2026-03-06
2026-06-05
-12.6%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 9,130.00
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 price12,052.92
Earlier activity area11,024.17 โ 12,255.00
Recent volume balance51.8%
Recent weekly volume0.71ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
11,560.08
7327
2025-10-10
11,511.63
220
2025-10-17
11,133.72
4448
2025-10-24
12,073.64
4914
2025-10-31
11,870.16
2477
2025-11-07
11,434.11
2568
2025-11-14
11,715.12
3115
2025-11-21
12,277.13
1236
2025-11-28
12,248.06
633
2025-12-05
12,005.81
2185
2025-12-12
12,112.40
762
2025-12-19
12,761.63
1847
2025-12-26
12,500.00
1470
2026-01-02
12,690.00
986
2026-01-09
12,440.00
1050
2026-01-16
12,280.00
584
2026-01-23
12,290.00
2838
2026-01-30
11,980.00
2338
2026-02-06
12,050.00
2017
2026-02-13
12,180.00
2723
2026-02-20
12,090.00
951
2026-02-27
11,730.00
4070
2026-03-06
11,550.00
2586
2026-03-13
11,200.00
2278
2026-03-20
11,580.00
1917
2026-03-27
11,680.00
605
2026-04-03
11,680.00
739
2026-04-10
11,700.00
714
2026-04-17
11,820.00
1407
2026-04-24
12,170.00
775
2026-05-01
12,000.00
608
2026-05-08
11,400.00
2944
2026-05-15
11,300.00
1319
2026-05-22
10,520.00
1698
2026-05-29
9,880.00
3505
2026-06-05
10,090.00
394
2026-06-12
9,520.00
543
2026-06-19
9,490.00
249
2026-06-26
9,670.00
59
2026-07-03
9,620.00
9
2026-07-10
9,690.00
5
2026-07-17
9,650.00
290
2026-07-24
9,390.00
336
2026-07-31
9,500.00
12
2026-08-07
9,490.00
23
2026-08-14
9,600.00
65
2026-08-21
9,680.00
21
2026-08-28
9,190.00
7005
2026-09-04
9,280.00
838
2026-09-11
9,250.00
1197
2026-09-18
9,200.00
81
2026-09-25
9,130.00
793
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -19.37% against the earlier part of this period.
Price and volume
Disagreement
Price changed -0.65% over four weeks. Volume balance is +51.8% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is below its earlier norm
Recent median weekly volume is 0.71ร 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
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
20
1.7
Available
13 weeks
11
-5.31
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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