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CHMGChemung Financial Corp

NASDAQDaily chart
Range low retest · 22 Feb 2024

CHMG slipped below its $46.50 – $51.36 range and came back to test the low on 22 Feb 2024.

Range low
$46.50
support
Range high
$51.36
10% above the low
In the range since
Dec 2023
1 yr 4 mo
Close on retest day
$42.60
8% below the range low
  • Previous range $40.71 – $49.75 lasted 9 mo and broke upward at $60.80.
  • 4 sideways ranges found since 2021.
What is a range retest, and how do I read the chart?

A stock moves sideways between a floor (the range low) and a ceiling (the range high) for a long time. Then it drops below the floor, fails to climb back in, and returns to test that low again. Traders also call this a spring. Some springs mark the end of a decline; many don't.

On the chart, each candle is one trading day. The purple lines are the range the signal came from, and the green Retest label marks the day RangeStocks flagged. Tick “Show past sideways ranges” to see earlier ranges.

Daily chart

Sideways range history

RangeStartedEndedOutcomeRetests
20 Mar 202518 Dec 2025 · 9 moBroke above the range at $60.80—
6 Dec 202314 Apr 2025 · 1 yr 4 moBroke below the range at $40.7122 Feb 2024
13 Apr 202315 Dec 2023 · 8 moBroke above the range at $51.36—
1 Dec 202110 Apr 2023 · 1 yr 4 moBroke below the range at $39.81—

Retest signals

  • 22 Feb 2024 · 3 mo into the range

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Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.