IBMP traded sideways between $25.01 and $25.72 for 4 mo, slipped below the range, and came back to test the low on 27 Oct 2022.
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.
| Range | Started | Ended | Outcome | Retests |
|---|---|---|---|---|
| 28 Jun 2022 | Still open | — | 27 Oct 2022 |
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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.