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 negative; the estimated activity centre is lower.
52 weeks2025-10-17 to 2026-10-09Weekly volume estimate
The relationship beneath price · 2026-10-09
Volume-supported decline
These diagnostics use fixed windows through the latest completed week. Chart period controls below change the activity study separately.
Four-week price move-18.0%-14.7% over thirteen weeks
Latest relative volume1.70×2.37× recent four-week median
Closing pressure-44.4%Volume-weighted position within weekly ranges
Up-week volume share35.7%64.3% in declining weeks · 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
-2.8%
-46.0%
0.74×
2025-10-24
1.3%
-16.7%
0.55×
2025-10-31
3.3%
4.0%
0.52×
2025-11-07
4.1%
-1.7%
0.66×
2025-11-14
2.2%
23.2%
0.55×
2025-11-21
-2.0%
0.8%
0.71×
2025-11-28
3.8%
9.4%
0.47×
2025-12-05
-0.3%
-10.1%
0.63×
2025-12-12
6.7%
3.8%
0.74×
2025-12-19
6.4%
-5.3%
1.76×
2025-12-26
1.0%
-17.8%
0.47×
2026-01-02
3.7%
-24.7%
1.94×
2026-01-09
-5.0%
-34.5%
1.61×
2026-01-16
-0.4%
-16.5%
2.04×
2026-01-23
-0.7%
-15.1%
1.44×
2026-01-30
3.8%
-0.3%
1.39×
2026-02-06
10.0%
14.0%
1.88×
2026-02-13
1.6%
-5.1%
1.06×
2026-02-20
-1.9%
-19.0%
0.82×
2026-02-27
-8.4%
-34.2%
1.42×
2026-03-06
-12.2%
-58.8%
0.90×
2026-03-13
-11.9%
-73.2%
2.15×
2026-03-20
-9.3%
-66.4%
1.68×
2026-03-27
-4.2%
-42.9%
1.18×
2026-04-03
1.4%
-31.3%
0.97×
2026-04-10
9.9%
25.5%
1.24×
2026-04-17
15.3%
66.2%
1.02×
2026-04-24
9.3%
63.0%
0.51×
2026-05-01
6.5%
57.8%
0.38×
2026-05-08
-4.7%
-5.2%
1.00×
2026-05-15
-14.7%
-46.9%
1.04×
2026-05-22
-11.8%
-51.1%
0.76×
2026-05-29
-9.9%
-50.3%
0.51×
2026-06-05
-4.3%
-19.0%
0.83×
2026-06-12
3.5%
13.7%
0.71×
2026-06-19
2.2%
17.1%
0.67×
2026-06-26
4.1%
51.5%
1.27×
2026-07-03
6.4%
53.4%
0.90×
2026-07-10
-1.7%
21.8%
0.76×
2026-07-17
-0.2%
25.2%
1.02×
2026-07-24
-4.5%
-2.9%
1.31×
2026-07-31
-5.6%
-23.3%
0.89×
2026-08-07
6.9%
13.5%
1.19×
2026-08-14
3.8%
-4.8%
1.29×
2026-08-21
5.3%
1.2%
1.02×
2026-08-28
2.7%
-1.7%
1.22×
2026-09-04
-0.2%
-5.2%
1.00×
2026-09-11
-1.1%
2.1%
0.90×
2026-09-18
-12.8%
-26.1%
2.57×
2026-09-25
-14.8%
-41.5%
2.17×
2026-10-02
-20.8%
-53.4%
2.81×
2026-10-09
-18.0%
-44.4%
1.70×
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
92% 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: 48% of the way from the weekly low to high.
Volume-weighted return tilt
-1.21 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
8.9 / 100
Price direction0.0 / 30
Closing pressure0.0 / 30
Up-week volume8.9 / 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 1.5× its preceding 26-week median; ordinary volume is 0.75–1.25×. Returns start at that week’s 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
23
-0.5%
28
0.1%
-0.5 points
Advancing weeks
13 weeks
13
3.2%
14
0.4%
2.8 points
Declining weeks
4 weeks
20
0.2%
25
1.5%
-1.3 points
Declining weeks
13 weeks
12
-1.2%
15
-0.6%
-0.6 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 · 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-07
2021-06-04
-14.9%
High volume
2021-06-11
2021-07-09
-6.0%
High volume
2021-07-23
2021-08-20
-0.4%
High volume
2021-10-29
2021-11-26
-0.5%
High volume
2021-12-03
2021-12-31
7.0%
High volume
2022-02-18
2022-03-18
-10.0%
High volume
2022-06-17
2022-07-15
-9.9%
High volume
2022-07-29
2022-08-26
-0.9%
High volume
2022-11-11
2022-12-09
-5.6%
High volume
2022-12-30
2023-01-27
3.6%
High volume
2023-02-03
2023-03-03
-8.0%
High volume
2023-03-17
2023-04-14
6.6%
High volume
2023-06-16
2023-07-14
1.6%
High volume
2023-12-15
2024-01-12
1.1%
High volume
2024-07-19
2024-08-16
-5.2%
High volume
2024-08-23
2024-09-20
6.5%
High volume
2024-09-20
2024-10-18
0.2%
High volume
2024-11-08
2024-12-06
4.1%
High volume
2025-03-07
2025-04-04
-12.4%
High volume
2025-05-16
2025-06-13
15.3%
High volume
2025-06-13
2025-07-11
-6.1%
High volume
2026-01-02
2026-01-30
3.8%
High volume
2026-02-06
2026-03-06
-12.2%
Ordinary volume
2021-07-16
2021-08-13
3.6%
Ordinary volume
2021-12-24
2022-01-21
-3.4%
Ordinary volume
2022-01-28
2022-02-25
-3.7%
Ordinary volume
2022-03-18
2022-04-15
-12.0%
Ordinary volume
2022-05-06
2022-06-03
-2.2%
Ordinary volume
2022-08-12
2022-09-09
-0.7%
Ordinary volume
2022-10-07
2022-11-04
-15.9%
Ordinary volume
2023-04-14
2023-05-12
-0.6%
Ordinary volume
2023-05-19
2023-06-16
29.3%
Ordinary volume
2023-09-29
2023-10-27
0.9%
Ordinary volume
2023-10-27
2023-11-24
26.4%
Ordinary volume
2023-12-01
2023-12-29
17.5%
Ordinary volume
2024-02-16
2024-03-15
8.5%
Ordinary volume
2024-04-19
2024-05-17
7.5%
Ordinary volume
2024-05-24
2024-06-21
0.7%
Ordinary volume
2024-07-12
2024-08-09
-3.2%
Ordinary volume
2024-10-18
2024-11-15
1.8%
Ordinary volume
2024-11-22
2024-12-20
-0.7%
Ordinary volume
2025-01-17
2025-02-14
-2.0%
Ordinary volume
2025-02-28
2025-03-28
-1.5%
Ordinary volume
2025-04-25
2025-05-23
-7.3%
Ordinary volume
2025-08-08
2025-09-05
8.9%
Ordinary volume
2025-09-26
2025-10-24
1.3%
Ordinary volume
2026-03-27
2026-04-24
9.3%
Ordinary volume
2026-05-22
2026-06-19
2.2%
Ordinary volume
2026-07-03
2026-07-31
-5.6%
Ordinary volume
2026-07-31
2026-08-28
2.7%
Ordinary volume
2026-09-04
2026-10-02
-20.8%
Advancing weeks · 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-07
2021-08-06
6.1%
High volume
2021-10-29
2022-01-28
4.5%
High volume
2022-02-18
2022-05-20
-21.6%
High volume
2022-06-17
2022-09-16
11.7%
High volume
2022-11-11
2023-02-10
-1.0%
High volume
2023-03-17
2023-06-16
38.9%
High volume
2023-06-16
2023-09-15
-1.6%
High volume
2023-12-15
2024-03-15
9.2%
High volume
2024-07-19
2024-10-18
3.2%
High volume
2024-11-08
2025-02-07
-6.1%
High volume
2025-03-07
2025-06-06
-16.5%
High volume
2025-06-06
2025-09-05
11.9%
High volume
2026-01-02
2026-04-03
-6.7%
Ordinary volume
2021-07-16
2021-10-15
-0.2%
Ordinary volume
2021-12-24
2022-03-25
-20.9%
Ordinary volume
2022-05-06
2022-08-05
4.2%
Ordinary volume
2022-08-12
2022-11-11
-16.7%
Ordinary volume
2023-04-14
2023-07-14
32.4%
Ordinary volume
2023-09-29
2023-12-29
52.4%
Ordinary volume
2024-02-16
2024-05-17
12.2%
Ordinary volume
2024-05-24
2024-08-23
1.0%
Ordinary volume
2024-10-18
2025-01-17
-3.4%
Ordinary volume
2025-01-17
2025-04-18
-7.9%
Ordinary volume
2025-04-25
2025-07-25
-1.5%
Ordinary volume
2025-08-08
2025-11-07
7.6%
Ordinary volume
2026-03-27
2026-06-26
2.3%
Ordinary volume
2026-07-03
2026-10-02
-21.4%
Declining weeks · 4 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-14
2021-06-11
19.6%
High volume
2021-06-18
2021-07-16
-0.6%
High volume
2021-12-17
2022-01-14
4.7%
High volume
2022-06-24
2022-07-22
-10.1%
High volume
2022-09-23
2022-10-21
-12.1%
High volume
2022-10-21
2022-11-18
-0.7%
High volume
2022-12-16
2023-01-13
3.6%
High volume
2023-02-17
2023-03-17
-14.0%
High volume
2023-03-31
2023-04-28
1.0%
High volume
2023-06-30
2023-07-28
4.9%
High volume
2023-09-08
2023-10-06
-1.6%
High volume
2024-04-12
2024-05-10
11.5%
High volume
2024-06-28
2024-07-26
6.4%
High volume
2024-08-02
2024-08-30
0.8%
High volume
2024-12-13
2025-01-10
-8.8%
High volume
2025-03-14
2025-04-11
-13.0%
High volume
2025-04-11
2025-05-09
-2.9%
High volume
2025-05-09
2025-06-06
4.9%
High volume
2025-12-19
2026-01-16
-0.4%
High volume
2026-03-13
2026-04-10
9.9%
Ordinary volume
2021-05-21
2021-06-18
17.4%
Ordinary volume
2021-09-17
2021-10-15
7.0%
Ordinary volume
2022-03-04
2022-04-01
-9.8%
Ordinary volume
2022-05-13
2022-06-10
0.1%
Ordinary volume
2022-07-15
2022-08-12
17.3%
Ordinary volume
2022-08-19
2022-09-16
6.6%
Ordinary volume
2022-12-02
2022-12-30
-4.8%
Ordinary volume
2023-01-13
2023-02-10
1.5%
Ordinary volume
2023-02-10
2023-03-10
-17.5%
Ordinary volume
2023-05-05
2023-06-02
4.2%
Ordinary volume
2023-07-07
2023-08-04
15.3%
Ordinary volume
2023-10-13
2023-11-10
30.7%
Ordinary volume
2023-11-24
2023-12-22
11.0%
Ordinary volume
2024-01-05
2024-02-02
0.4%
Ordinary volume
2024-06-21
2024-07-19
3.7%
Ordinary volume
2024-10-04
2024-11-01
-2.5%
Ordinary volume
2025-01-10
2025-02-07
-0.5%
Ordinary volume
2025-02-21
2025-03-21
1.8%
Ordinary volume
2025-07-04
2025-08-01
-12.3%
Ordinary volume
2025-08-29
2025-09-26
-3.1%
Ordinary volume
2026-02-13
2026-03-13
-11.9%
Ordinary volume
2026-05-08
2026-06-05
-4.3%
Ordinary volume
2026-06-05
2026-07-03
6.4%
Ordinary volume
2026-07-10
2026-08-07
6.9%
Ordinary volume
2026-08-28
2026-09-25
-14.8%
Declining weeks · 13 weeks
Volume group
Observation
Outcome date
Return
High volume
2021-05-14
2021-08-13
17.6%
High volume
2021-12-17
2022-03-18
-13.5%
High volume
2022-06-24
2022-09-23
1.0%
High volume
2022-09-23
2022-12-23
-16.1%
High volume
2023-02-17
2023-05-19
-7.6%
High volume
2023-06-30
2023-09-29
-2.0%
High volume
2024-04-12
2024-07-12
14.9%
High volume
2024-08-02
2024-11-01
2.3%
High volume
2024-12-13
2025-03-14
-5.9%
High volume
2025-03-14
2025-06-13
-0.4%
High volume
2025-12-19
2026-03-20
-11.6%
High volume
2026-03-20
2026-06-19
1.6%
Ordinary volume
2021-05-21
2021-08-20
21.0%
Ordinary volume
2021-09-17
2021-12-17
11.6%
Ordinary volume
2022-03-04
2022-06-03
-6.2%
Ordinary volume
2022-07-15
2022-10-14
-0.6%
Ordinary volume
2022-12-02
2023-03-03
-6.3%
Ordinary volume
2023-03-03
2023-06-02
-1.4%
Ordinary volume
2023-07-07
2023-10-06
2.5%
Ordinary volume
2023-10-13
2024-01-12
45.1%
Ordinary volume
2024-01-19
2024-04-19
4.8%
Ordinary volume
2024-06-21
2024-09-20
6.8%
Ordinary volume
2024-10-04
2025-01-03
-2.2%
Ordinary volume
2025-01-10
2025-04-11
-10.3%
Ordinary volume
2025-07-04
2025-10-03
-3.3%
Ordinary volume
2026-02-13
2026-05-15
-14.1%
Ordinary volume
2026-05-15
2026-08-14
7.0%
Price, activity and volume balance
Where volume is concentrated
2026-10-09Close 14.73
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 price18.09
Earlier activity area17.24 – 19.42
Recent volume balance-44.4%
Recent weekly volume2.40×
View chart values
Completed weekly observations
Week ending
Close
Volume
2025-10-17
17.96
367366
2025-10-24
18.73
272761
2025-10-31
18.62
260144
2025-11-07
18.91
317557
2025-11-14
18.36
258373
2025-11-21
18.35
328355
2025-11-28
19.33
212464
2025-12-05
18.85
276110
2025-12-12
19.59
319105
2025-12-19
19.53
703991
2025-12-26
19.52
186960
2026-01-02
19.54
700524
2026-01-09
18.62
579892
2026-01-16
19.45
737364
2026-01-23
19.39
519248
2026-01-30
20.29
553292
2026-02-06
20.49
851637
2026-02-13
19.76
513524
2026-02-20
19.02
397833
2026-02-27
18.59
620119
2026-03-06
17.99
393952
2026-03-13
17.41
940208
2026-03-20
17.26
733967
2026-03-27
17.81
515318
2026-04-03
18.24
424327
2026-04-10
19.14
558727
2026-04-17
19.90
480240
2026-04-24
19.47
252859
2026-05-01
19.42
186596
2026-05-08
18.24
494823
2026-05-15
16.97
523791
2026-05-22
17.17
390024
2026-05-29
17.50
262852
2026-06-05
17.46
428222
2026-06-12
17.56
365686
2026-06-19
17.54
343917
2026-06-26
18.22
637883
2026-07-03
18.57
465453
2026-07-10
17.27
382356
2026-07-17
17.50
497882
2026-07-24
17.41
638597
2026-07-31
17.54
435455
2026-08-07
18.46
561900
2026-08-14
18.16
608170
2026-08-21
18.34
483592
2026-08-28
18.01
589811
2026-09-04
18.43
479600
2026-09-11
17.97
433688
2026-09-18
16.00
1232864
2026-09-25
15.35
1039972
2026-10-02
14.59
1349454
2026-10-09
14.73
819266
Earlier and recent activity
What has changed?
The recent comparison uses the last four completed weeks.
Activity centre
Lower
The recent centre moved -16.16% against the earlier part of this period.
Price and volume
No clear disagreement
Price changed -18.03% over four weeks. Volume balance is -44.4% on a scale from −100% to +100%.
Volume and price movement
More volume, clear price movement
Recent median weekly volume is 2.40× the earlier median. This describes price response, not the identity of buyers or sellers.
Recent closes
4 of 4 closes below
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
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 · 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
13
1.5
Available
13 weeks
7
0.86
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. “Start from a date” 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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