RangeStocks spotted a retest of a sideways range low in MP in the week of 27 Aug 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) |
|---|---|---|---|---|
| 30 Jan 2022 | 30 Apr 2023 · 1 yr 3 mo | Broke below the range at $20.21 | 1 Jan 2023 | |
| 21 Mar 2021 | 27 Mar 2022 · 1 yr | Broke above the range at $60.19 | — |
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.