The latest close is inside the activity area established before the last four weeks. 4 of those four closes were inside that area. Recent volume balance is negative; the estimated activity centre is higher.
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-6.3%9.0% over thirteen weeks
Latest relative volume0.80ร1.13ร recent four-week median
Closing pressure-26.5%Volume-weighted position within weekly ranges
Up-week volume share61.6%38.4% 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
-12.7%
-61.6%
1.20ร
2025-10-10
-14.3%
-61.4%
1.75ร
2025-10-17
-9.7%
-53.4%
1.26ร
2025-10-24
-3.9%
-40.9%
0.75ร
2025-10-31
5.6%
-15.4%
0.89ร
2025-11-07
8.3%
-11.6%
0.83ร
2025-11-14
6.5%
-9.9%
0.59ร
2025-11-21
4.6%
-12.8%
0.84ร
2025-11-28
0.2%
-22.9%
1.24ร
2025-12-05
3.7%
23.9%
1.66ร
2025-12-12
6.4%
49.3%
1.78ร
2025-12-19
0.6%
36.1%
1.24ร
2025-12-26
2.2%
47.1%
0.69ร
2026-01-02
0.1%
20.2%
0.95ร
2026-01-09
9.5%
18.6%
1.72ร
2026-01-16
15.0%
33.3%
1.04ร
2026-01-23
10.4%
10.2%
0.54ร
2026-01-30
9.8%
10.9%
0.69ร
2026-02-06
1.3%
-11.7%
1.50ร
2026-02-13
0.3%
-24.1%
1.00ร
2026-02-20
7.5%
2.8%
0.76ร
2026-02-27
15.8%
34.3%
1.30ร
2026-03-06
27.6%
56.7%
4.97ร
2026-03-13
11.1%
31.8%
2.29ร
2026-03-20
9.3%
21.3%
1.61ร
2026-03-27
3.6%
11.8%
1.20ร
2026-04-03
-6.1%
-19.9%
0.89ร
2026-04-10
7.2%
8.2%
1.02ร
2026-04-17
2.8%
13.3%
0.87ร
2026-04-24
1.1%
26.1%
0.81ร
2026-05-01
5.6%
29.2%
1.11ร
2026-05-08
5.8%
24.1%
1.17ร
2026-05-15
7.8%
15.8%
0.88ร
2026-05-22
5.9%
-18.5%
1.48ร
2026-05-29
-8.8%
-56.8%
1.19ร
2026-06-05
-2.8%
-15.3%
1.31ร
2026-06-12
-4.2%
10.9%
1.15ร
2026-06-19
-16.4%
6.5%
1.30ร
2026-06-26
-11.1%
16.0%
1.10ร
2026-07-03
-14.7%
-1.2%
0.80ร
2026-07-10
-7.8%
1.2%
0.96ร
2026-07-17
2.9%
12.2%
0.81ร
2026-07-24
8.2%
24.4%
0.71ร
2026-07-31
8.7%
21.5%
0.55ร
2026-08-07
-3.5%
-20.8%
0.71ร
2026-08-14
10.9%
26.5%
0.93ร
2026-08-21
9.1%
31.5%
1.30ร
2026-08-28
6.4%
24.5%
0.78ร
2026-09-04
8.2%
11.4%
1.54ร
2026-09-11
-0.4%
1.0%
0.63ร
2026-09-18
-1.8%
-12.1%
1.56ร
2026-09-25
-6.3%
-26.5%
0.80ร
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
64% 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: 9% of the way from the weekly low to high.
Volume-weighted return tilt
0.09 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
30.4 / 100
Price direction15.0 / 30
Closing pressure0.0 / 30
Up-week volume15.4 / 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
20
0.8%
31
2.6%
-1.8 points
Advancing weeks
13 weeks
13
-5.3%
15
14.1%
-19.4 points
Declining weeks
4 weeks
16
5.4%
36
4.0%
1.4 points
Declining weeks
13 weeks
11
0.4%
14
-1.0%
1.4 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
2021-07-09
2021-08-06
-9.8%
High volume
2021-11-12
2021-12-10
13.1%
High volume
2022-03-25
2022-04-22
-11.0%
High volume
2022-05-27
2022-06-24
19.8%
High volume
2022-06-24
2022-07-22
-25.1%
High volume
2022-08-26
2022-09-23
-18.8%
High volume
2022-10-07
2022-11-04
13.2%
High volume
2023-05-26
2023-06-23
25.9%
High volume
2023-06-23
2023-07-21
10.9%
High volume
2023-08-04
2023-09-01
-5.1%
High volume
2023-11-24
2023-12-22
0.3%
High volume
2024-05-31
2024-06-28
-13.3%
High volume
2024-09-06
2024-10-04
15.9%
High volume
2025-01-03
2025-01-31
-6.2%
High volume
2025-06-06
2025-07-04
2.6%
High volume
2025-08-15
2025-09-12
6.4%
High volume
2025-12-05
2026-01-02
0.1%
High volume
2026-01-09
2026-02-06
1.3%
High volume
2026-02-06
2026-03-06
27.6%
High volume
2026-03-06
2026-04-03
-6.1%
Ordinary volume
2021-05-07
2021-06-04
-7.9%
Ordinary volume
2021-06-11
2021-07-09
-7.2%
Ordinary volume
2021-08-27
2021-09-24
-10.6%
Ordinary volume
2021-11-05
2021-12-03
12.1%
Ordinary volume
2022-02-25
2022-03-25
30.8%
Ordinary volume
2022-07-29
2022-08-26
14.1%
Ordinary volume
2022-10-28
2022-11-25
2.9%
Ordinary volume
2022-11-25
2022-12-23
-14.2%
Ordinary volume
2023-04-28
2023-05-26
9.7%
Ordinary volume
2023-09-01
2023-09-29
2.6%
Ordinary volume
2023-09-29
2023-10-27
14.0%
Ordinary volume
2023-11-03
2023-12-01
18.0%
Ordinary volume
2023-12-15
2024-01-12
8.6%
Ordinary volume
2024-01-26
2024-02-23
-20.5%
Ordinary volume
2024-09-20
2024-10-18
-6.8%
Ordinary volume
2024-11-08
2024-12-06
-10.8%
Ordinary volume
2024-12-27
2025-01-24
13.2%
Ordinary volume
2025-02-21
2025-03-21
-3.3%
Ordinary volume
2025-03-21
2025-04-18
-11.1%
Ordinary volume
2025-04-25
2025-05-23
-2.0%
Ordinary volume
2025-05-30
2025-06-27
10.1%
Ordinary volume
2025-07-25
2025-08-22
7.7%
Ordinary volume
2025-10-24
2025-11-21
4.6%
Ordinary volume
2025-11-21
2025-12-19
0.6%
Ordinary volume
2026-01-02
2026-01-30
9.8%
Ordinary volume
2026-02-20
2026-03-20
9.3%
Ordinary volume
2026-03-27
2026-04-24
1.1%
Ordinary volume
2026-04-24
2026-05-22
5.9%
Ordinary volume
2026-06-12
2026-07-10
-7.8%
Ordinary volume
2026-07-10
2026-08-07
-3.5%
Ordinary volume
2026-08-14
2026-09-11
-0.4%
Advancing weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-07-09
2021-10-08
-3.9%
High volume
2021-11-12
2022-02-11
0.2%
High volume
2022-03-25
2022-06-24
20.2%
High volume
2022-06-24
2022-09-23
-23.6%
High volume
2022-10-07
2023-01-06
-9.8%
High volume
2023-05-26
2023-08-25
56.7%
High volume
2023-11-24
2024-02-23
-7.7%
High volume
2024-05-31
2024-08-30
-29.6%
High volume
2024-09-06
2024-12-06
-16.0%
High volume
2025-01-03
2025-04-04
-14.8%
High volume
2025-06-06
2025-09-05
18.3%
High volume
2025-12-05
2026-03-06
44.5%
High volume
2026-03-06
2026-06-05
-5.3%
Ordinary volume
2021-05-07
2021-08-06
-19.2%
Ordinary volume
2021-08-27
2021-11-26
-6.3%
Ordinary volume
2022-02-25
2022-05-27
31.3%
Ordinary volume
2022-07-29
2022-10-28
14.1%
Ordinary volume
2022-10-28
2023-01-27
-10.7%
Ordinary volume
2023-04-28
2023-07-28
71.2%
Ordinary volume
2023-09-01
2023-12-01
38.7%
Ordinary volume
2023-12-15
2024-03-15
-6.3%
Ordinary volume
2024-09-20
2024-12-20
-29.0%
Ordinary volume
2024-12-27
2025-03-28
14.4%
Ordinary volume
2025-04-11
2025-07-11
30.8%
Ordinary volume
2025-07-25
2025-10-24
-3.6%
Ordinary volume
2025-10-24
2026-01-23
19.4%
Ordinary volume
2026-02-20
2026-05-22
19.2%
Ordinary volume
2026-06-12
2026-09-11
-2.4%
Declining weeks ยท 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-09
2021-05-07
11.2%
High volume
2021-06-18
2021-07-16
-6.1%
High volume
2021-07-16
2021-08-13
0.0%
High volume
2021-09-24
2021-10-22
-0.8%
High volume
2021-11-19
2021-12-17
16.4%
High volume
2022-03-11
2022-04-08
7.2%
High volume
2022-05-06
2022-06-03
39.2%
High volume
2022-06-17
2022-07-15
-24.3%
High volume
2022-07-15
2022-08-12
5.8%
High volume
2022-10-21
2022-11-18
1.3%
High volume
2023-07-21
2023-08-18
19.7%
High volume
2023-08-18
2023-09-15
-2.2%
High volume
2024-08-09
2024-09-06
5.0%
High volume
2024-11-29
2024-12-27
-6.8%
High volume
2025-10-10
2025-11-07
8.3%
High volume
2026-03-13
2026-04-10
7.2%
Ordinary volume
2021-07-30
2021-08-27
10.9%
Ordinary volume
2021-09-17
2021-10-15
-2.3%
Ordinary volume
2021-10-15
2021-11-12
7.7%
Ordinary volume
2021-11-26
2021-12-24
18.2%
Ordinary volume
2021-12-31
2022-01-28
4.3%
Ordinary volume
2022-02-04
2022-03-04
22.1%
Ordinary volume
2022-05-20
2022-06-17
31.6%
Ordinary volume
2022-08-05
2022-09-02
20.7%
Ordinary volume
2022-09-16
2022-10-14
1.0%
Ordinary volume
2022-12-09
2023-01-06
-7.2%
Ordinary volume
2023-02-03
2023-03-03
10.3%
Ordinary volume
2023-11-10
2023-12-08
17.8%
Ordinary volume
2024-01-12
2024-02-09
-0.3%
Ordinary volume
2024-02-09
2024-03-08
-12.5%
Ordinary volume
2024-03-22
2024-04-19
0.7%
Ordinary volume
2024-06-07
2024-07-05
-11.5%
Ordinary volume
2024-07-12
2024-08-09
-13.1%
Ordinary volume
2024-08-23
2024-09-20
14.9%
Ordinary volume
2024-09-27
2024-10-25
-11.5%
Ordinary volume
2024-10-25
2024-11-22
-0.3%
Ordinary volume
2024-12-13
2025-01-10
16.5%
Ordinary volume
2025-01-10
2025-02-07
-4.9%
Ordinary volume
2025-02-28
2025-03-28
2.1%
Ordinary volume
2025-04-04
2025-05-02
6.5%
Ordinary volume
2025-06-20
2025-07-18
-1.1%
Ordinary volume
2025-08-01
2025-08-29
15.8%
Ordinary volume
2025-09-05
2025-10-03
-12.7%
Ordinary volume
2025-10-03
2025-10-31
5.6%
Ordinary volume
2025-11-07
2025-12-05
3.7%
Ordinary volume
2025-12-19
2026-01-16
15.0%
Ordinary volume
2026-01-16
2026-02-13
0.3%
Ordinary volume
2026-02-13
2026-03-13
11.1%
Ordinary volume
2026-04-10
2026-05-08
5.8%
Ordinary volume
2026-05-08
2026-06-05
-2.8%
Ordinary volume
2026-06-26
2026-07-24
8.2%
Ordinary volume
2026-08-28
2026-09-25
-6.3%
Declining weeks ยท 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-04-09
2021-07-09
-0.4%
High volume
2021-07-16
2021-10-15
-0.8%
High volume
2021-11-19
2022-02-18
0.4%
High volume
2022-03-11
2022-06-10
62.0%
High volume
2022-06-17
2022-09-16
-4.7%
High volume
2022-10-21
2023-01-20
-6.8%
High volume
2023-07-21
2023-10-20
21.6%
High volume
2024-08-09
2024-11-08
-1.2%
High volume
2024-11-29
2025-02-28
4.4%
High volume
2025-10-10
2026-01-09
25.6%
High volume
2026-03-13
2026-06-12
10.5%
Ordinary volume
2021-07-30
2021-10-29
-2.0%
Ordinary volume
2021-11-26
2022-02-25
8.7%
Ordinary volume
2022-05-20
2022-08-19
4.5%
Ordinary volume
2022-09-16
2022-12-16
-3.3%
Ordinary volume
2023-02-03
2023-05-05
0.0%
Ordinary volume
2023-11-10
2024-02-09
28.9%
Ordinary volume
2024-02-09
2024-05-10
-7.4%
Ordinary volume
2024-06-07
2024-09-06
-26.1%
Ordinary volume
2024-09-27
2024-12-27
-26.2%
Ordinary volume
2025-01-10
2025-04-11
-12.8%
Ordinary volume
2025-06-20
2025-09-19
6.5%
Ordinary volume
2025-10-03
2026-01-02
8.5%
Ordinary volume
2026-01-16
2026-04-17
19.1%
Ordinary volume
2026-04-17
2026-07-17
-8.7%
Price, activity and volume balance
Where volume is concentrated
2026-09-25Close 8.89
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 price9.38
Earlier activity area7.60 โ 10.37
Recent volume balance-26.5%
Recent weekly volume1.23ร
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-03
6.49
536850
2025-10-10
6.26
783115
2025-10-17
6.34
564421
2025-10-24
6.48
355893
2025-10-31
6.85
411599
2025-11-07
6.78
382632
2025-11-14
6.75
274779
2025-11-21
6.78
389589
2025-11-28
6.86
572572
2025-12-05
7.03
765898
2025-12-12
7.18
824204
2025-12-19
6.82
608664
2025-12-26
7.01
341919
2026-01-02
7.04
469583
2026-01-09
7.86
846874
2026-01-16
7.84
538434
2026-01-23
7.74
289114
2026-01-30
7.73
371523
2026-02-06
7.96
808879
2026-02-13
7.86
550250
2026-02-20
8.32
413536
2026-02-27
8.95
698009
2026-03-06
10.16
2673357
2026-03-13
8.73
1248301
2026-03-20
9.09
896796
2026-03-27
9.27
668841
2026-04-03
9.54
496140
2026-04-10
9.36
570730
2026-04-17
9.34
482821
2026-04-24
9.37
439922
2026-05-01
10.07
606698
2026-05-08
9.90
653898
2026-05-15
10.07
504405
2026-05-22
9.92
845736
2026-05-29
9.18
703201
2026-06-05
9.62
793992
2026-06-12
9.65
696690
2026-06-19
8.29
787885
2026-06-26
8.16
693350
2026-07-03
8.21
532362
2026-07-10
8.90
638200
2026-07-17
8.53
520652
2026-07-24
8.83
459155
2026-07-31
8.92
357317
2026-08-07
8.59
459679
2026-08-14
9.46
579218
2026-08-21
9.63
807161
2026-08-28
9.49
504384
2026-09-04
9.29
956115
2026-09-11
9.42
391422
2026-09-18
9.46
924156
2026-09-25
8.89
476728
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Higher
The recent centre moved +10.72% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -6.32% over four weeks. Volume balance is -26.5% on a scale from โ100% to +100%.
Volume and price movement
Recent volume is close to its earlier norm
Recent median weekly volume is 1.23ร the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
4 of 4 closes inside
Price was inside 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
Watch which boundary price moves beyond and whether later closes remain outside it.
Returning inside
Price is currently inside the earlier area. Repeated closes here would show that activity remains in the same price range.
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
22
5.26
Available
13 weeks
12
12.21
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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