RangeStocks spotted a retest of a sideways range low in CVS in the week of 29 Oct 2023.
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 week. The purple lines are the range the signal came from, and the green Retest label marks the week RangeStocks flagged. Tick “Show past sideways ranges” to see earlier ranges.
Gold dashed bands mark earlier sideways ranges, from their first swing to where they broke. Pick a range in the table below to zoom the chart to it.
| Range | Started | Ended | Outcome | Retests (week of) |
|---|---|---|---|---|
| 24 Mar 2024 | 19 Jul 2026 · 2 yr 4 mo | Broke above the range at $110.68 | — | |
| 3 Oct 2021 | 26 May 2024 · 2 yr 8 mo | Broke below the range at $52.77 | — | |
| 24 Nov 2019 | 6 Feb 2022 · 2 yr 2 mo | Broke above the range at $111.25 | — | |
| 20 Oct 2019 | 23 Oct 2022 · 3 yr | Broke above the range at $86.28 | — |
All NYSE stocks with weekly retest patterns →
Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.