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MBLYMobileye Global Inc

NASDAQDaily chart
Range low retest · 29 Aug 2024

MBLY slipped below its $24.77 – $34.00 range and came back to test the low on 29 Aug 2024.

Range low
$24.77
support
Range high
$34.00
37% above the low
In the range since
Mar 2024
6 mo
Close on retest day
$14.04
43% below the range low
  • Previous range $14.92 – $22.51 lasted 10 mo and broke downward at $10.74.
  • 4 sideways ranges found since 2023.
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
15 Jul 2026Still open——
7 Jan 202521 Nov 2025 · 10 moBroke below the range at $10.74—
6 Mar 202411 Sept 2024 · 6 moBroke below the range at $10.4829 Aug 2024
17 Jan 20238 Feb 2024 · 1 yr 1 moBroke below the range at $26.20—

Retest signals

  • 29 Aug 2024 · 6 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.