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.
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 move2.6%-2.4% over thirteen weeks
Latest relative volume1.10ร4.13ร recent four-week median
Closing pressure17.6%Volume-weighted position within weekly ranges
Up-week volume share42.9%57.1% 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
2025-10-17
-6.3%
-25.0%
1.34ร
2025-10-24
-6.2%
-15.7%
2.94ร
2025-10-31
-1.9%
21.9%
3.62ร
2025-11-07
0.6%
22.4%
2.14ร
2025-11-14
-0.3%
19.0%
1.05ร
2025-11-21
-3.1%
9.4%
1.77ร
2025-11-28
-2.7%
-27.0%
1.46ร
2025-12-05
-0.8%
-20.1%
1.02ร
2025-12-12
-1.4%
-16.7%
1.69ร
2025-12-19
1.7%
-10.6%
0.75ร
2025-12-26
-0.6%
-17.5%
0.40ร
2026-01-02
-1.1%
-20.5%
1.37ร
2026-01-09
-0.6%
-9.8%
1.32ร
2026-01-16
-1.1%
-6.9%
0.77ร
2026-01-23
-0.9%
-12.9%
1.57ร
2026-01-30
-1.7%
-13.7%
2.27ร
2026-02-06
-1.4%
-18.0%
0.81ร
2026-02-13
-0.3%
-13.5%
0.65ร
2026-02-20
-0.3%
-7.2%
1.71ร
2026-02-27
-0.3%
-2.3%
1.56ร
2026-03-06
0.3%
1.6%
0.63ร
2026-03-13
0.6%
22.4%
2.61ร
2026-03-20
-1.2%
21.9%
0.88ร
2026-03-27
1.2%
31.5%
0.62ร
2026-04-03
0.3%
28.5%
1.03ร
2026-04-10
-0.6%
1.7%
2.22ร
2026-04-17
0.0%
6.8%
2.20ร
2026-04-24
-2.8%
-4.9%
3.38ร
2026-05-01
-2.5%
-5.1%
0.68ร
2026-05-08
-3.7%
-7.4%
1.62ร
2026-05-15
-2.6%
-11.5%
1.23ร
2026-05-22
-1.8%
-6.4%
1.54ร
2026-05-29
-2.9%
-12.0%
1.83ร
2026-06-05
-0.6%
-13.5%
0.24ร
2026-06-12
-0.6%
-3.1%
0.86ร
2026-06-19
0.0%
5.0%
0.35ร
2026-06-26
0.9%
30.9%
0.63ร
2026-07-03
-3.0%
29.6%
0.20ร
2026-07-10
-1.8%
41.0%
0.29ร
2026-07-17
-0.6%
35.7%
0.08ร
2026-07-24
-3.5%
-9.6%
1.14ร
2026-07-31
0.1%
-17.8%
0.22ร
2026-08-07
-1.5%
-47.3%
1.95ร
2026-08-14
-3.5%
50.8%
6.43ร
2026-08-21
-3.3%
59.6%
0.20ร
2026-08-28
-2.5%
44.5%
3.39ร
2026-09-04
-1.0%
60.4%
0.33ร
2026-09-11
-3.2%
-22.5%
6.61ร
2026-09-18
2.4%
-10.0%
3.01ร
2026-09-25
0.6%
13.9%
7.00ร
2026-10-02
-0.6%
2.8%
4.38ร
2026-10-09
2.6%
17.6%
1.10ร
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: 57% of the way from the weekly low to high.
Volume-weighted return tilt
-0.05 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
46.0 / 100
Price direction15.0 / 30
Closing pressure5.3 / 30
Up-week volume10.7 / 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
14
0.2%
12
-0.4%
0.6 points
Advancing weeks
13 weeks
6
โ
7
โ
Limited sample
Declining weeks
4 weeks
21
-0.8%
16
-0.6%
-0.3 points
Declining weeks
13 weeks
8
1.5%
8
-1.3%
2.7 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
0.0%
High volume
2023-01-06
2023-02-03
0.9%
High volume
2023-02-10
2023-03-10
4.3%
High volume
2023-12-08
2024-01-05
-0.7%
High volume
2024-08-30
2024-09-27
-1.8%
High volume
2025-01-24
2025-02-21
3.5%
High volume
2025-03-21
2025-04-18
0.3%
High volume
2025-06-06
2025-07-04
0.8%
High volume
2025-08-01
2025-08-29
4.7%
High volume
2025-08-29
2025-09-26
-9.6%
High volume
2025-10-24
2025-11-21
-3.1%
High volume
2026-03-13
2026-04-10
-0.6%
High volume
2026-04-10
2026-05-08
-3.7%
High volume
2026-08-28
2026-09-25
0.6%
Ordinary volume
2021-04-30
2021-05-28
-9.5%
Ordinary volume
2021-07-30
2021-08-27
0.5%
Ordinary volume
2022-10-07
2022-11-04
3.6%
Ordinary volume
2023-11-17
2023-12-15
8.1%
Ordinary volume
2024-09-27
2024-10-25
-1.9%
Ordinary volume
2024-11-22
2024-12-20
-3.1%
Ordinary volume
2025-01-31
2025-02-28
-5.1%
Ordinary volume
2025-05-02
2025-05-30
0.3%
Ordinary volume
2025-07-11
2025-08-08
5.7%
Ordinary volume
2025-08-08
2025-09-05
4.7%
Ordinary volume
2025-09-26
2025-10-24
-6.2%
Ordinary volume
2025-12-05
2026-01-02
-1.1%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-09
2021-07-09
-3.6%
High volume
2024-08-30
2024-11-29
-2.9%
High volume
2025-01-24
2025-04-25
3.5%
High volume
2025-06-06
2025-09-05
14.5%
High volume
2025-10-24
2026-01-23
-3.1%
High volume
2026-03-13
2026-06-12
-5.4%
Ordinary volume
2021-04-30
2021-07-30
-12.6%
Ordinary volume
2022-10-07
2023-01-06
3.6%
Ordinary volume
2024-09-27
2024-12-27
-4.3%
Ordinary volume
2025-01-31
2025-05-02
-0.5%
Ordinary volume
2025-05-02
2025-08-01
9.7%
Ordinary volume
2025-08-08
2025-11-07
-11.5%
Ordinary volume
2025-12-05
2026-03-06
-3.1%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-03-26
2021-04-23
28.5%
High volume
2021-04-23
2021-05-21
-4.4%
High volume
2021-05-28
2021-06-25
-4.3%
High volume
2023-01-20
2023-02-17
-2.5%
High volume
2023-10-20
2023-11-17
-0.3%
High volume
2024-10-18
2024-11-15
-3.8%
High volume
2024-11-15
2024-12-13
0.0%
High volume
2024-12-20
2025-01-17
-2.0%
High volume
2025-01-17
2025-02-14
7.0%
High volume
2025-02-14
2025-03-14
-3.5%
High volume
2025-03-28
2025-04-25
0.6%
High volume
2025-05-09
2025-06-06
2.5%
High volume
2025-10-03
2025-10-31
-1.9%
High volume
2025-11-07
2025-12-05
-0.8%
High volume
2025-12-12
2026-01-09
-0.6%
High volume
2026-01-23
2026-02-20
-0.3%
High volume
2026-02-20
2026-03-20
-1.2%
High volume
2026-04-17
2026-05-15
-2.6%
High volume
2026-05-29
2026-06-26
0.9%
High volume
2026-08-07
2026-09-04
-1.0%
High volume
2026-09-11
2026-10-09
2.6%
Ordinary volume
2021-06-25
2021-07-23
-1.0%
Ordinary volume
2021-07-23
2021-08-20
4.0%
Ordinary volume
2022-10-14
2022-11-11
4.2%
Ordinary volume
2022-11-18
2022-12-16
3.6%
Ordinary volume
2023-10-13
2023-11-10
-4.0%
Ordinary volume
2024-08-23
2024-09-20
-1.3%
Ordinary volume
2024-09-20
2024-10-18
-0.5%
Ordinary volume
2024-12-13
2025-01-10
-0.9%
Ordinary volume
2025-04-25
2025-05-23
5.0%
Ordinary volume
2025-07-25
2025-08-22
9.5%
Ordinary volume
2025-11-14
2025-12-12
-1.4%
Ordinary volume
2026-02-06
2026-03-06
0.3%
Ordinary volume
2026-03-20
2026-04-17
0.0%
Ordinary volume
2026-05-15
2026-06-12
-0.6%
Ordinary volume
2026-06-12
2026-07-10
-1.8%
Ordinary volume
2026-07-24
2026-08-21
-3.3%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-03-26
2021-06-25
11.7%
High volume
2023-10-20
2024-01-19
8.0%
High volume
2024-10-18
2025-01-17
-7.1%
High volume
2025-01-17
2025-04-18
6.7%
High volume
2025-04-18
2025-07-18
5.2%
High volume
2025-10-03
2026-01-02
-4.6%
High volume
2026-01-23
2026-04-24
-2.3%
High volume
2026-04-24
2026-07-24
-6.1%
Ordinary volume
2022-10-14
2023-01-13
11.5%
Ordinary volume
2023-10-13
2024-01-12
6.6%
Ordinary volume
2024-08-23
2024-11-22
-4.0%
Ordinary volume
2024-12-13
2025-03-14
-0.3%
Ordinary volume
2025-04-25
2025-07-25
2.8%
Ordinary volume
2025-07-25
2025-10-24
-2.4%
Ordinary volume
2025-11-14
2026-02-13
-2.2%
Ordinary volume
2026-03-20
2026-06-19
-2.6%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 800.00
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 price803.73
Earlier activity area802.80 โ 909.25
Recent volume balance17.6%
Recent weekly volume4.01ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
899.68
18393
2025-10-24
902.18
40485
2025-10-31
912.18
51410
2025-11-07
904.68
31412
2025-11-14
897.18
16184
2025-11-21
874.69
27872
2025-11-28
887.19
23362
2025-12-05
897.18
16867
2025-12-12
884.69
27908
2025-12-19
889.69
12452
2025-12-26
882.19
6668
2026-01-02
887.19
22654
2026-01-09
879.69
22450
2026-01-16
879.69
13784
2026-01-23
874.69
27907
2026-01-30
872.19
44220
2026-02-06
867.19
15813
2026-02-13
877.19
12607
2026-02-20
872.19
33360
2026-02-27
869.69
30440
2026-03-06
869.69
12386
2026-03-13
882.19
51027
2026-03-20
862.20
19063
2026-03-27
879.69
13270
2026-04-03
872.19
22260
2026-04-10
877.19
49638
2026-04-17
862.50
49693
2026-04-24
855.00
77851
2026-05-01
850.00
15642
2026-05-08
845.00
36585
2026-05-15
840.00
27645
2026-05-22
840.00
35463
2026-05-29
825.00
42049
2026-06-05
840.00
6104
2026-06-12
835.00
21529
2026-06-19
840.00
7842
2026-06-26
832.50
14113
2026-07-03
815.00
4547
2026-07-10
820.00
6502
2026-07-17
835.00
1739
2026-07-24
803.28
24863
2026-07-31
815.41
4923
2026-08-07
808.13
39574
2026-08-14
805.71
140786
2026-08-21
776.59
4822
2026-08-28
795.00
74285
2026-09-04
800.00
7157
2026-09-11
780.00
144801
2026-09-18
795.00
65856
2026-09-25
800.00
164839
2026-10-02
795.00
114989
2026-10-09
800.00
34748
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -6.55% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed +2.56% over four weeks. Volume balance is +17.6% on a scale from โ100% to +100%.
Volume and price movement
More volume, limited price progress
Recent median weekly volume is 4.01ร 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
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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