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FMAGFidelity Magellan ETF

NYSEDaily chart
Range low retest · 15 Jun 2022

FMAG slipped below its $20.04 – $22.96 range and came back to test the low on 15 Jun 2022.

Range low
$20.04
support
Range high
$22.96
15% above the low
In the range since
Mar 2022
7 mo
Close on retest day
$18.41
8% below the range low
  • Previous range $27.69 – $30.22 lasted 1 yr 11 mo and broke upward at $36.33.
  • 6 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
29 Jul 2026Still open——
31 May 20247 May 2026 · 1 yr 11 moBroke above the range at $36.33—
21 Mar 202420 Jun 2024 · 3 moBroke above the range at $30.22—
5 Oct 202216 Feb 2024 · 1 yr 4 moBroke above the range at $26.68—
8 Mar 202230 Sept 2022 · 7 moBroke below the range at $17.5615 Jun 2022
22 Nov 202114 Feb 2022 · 3 moBroke below the range at $21.44—

Retest signals

  • 15 Jun 2022 · 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.