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NETLFundamental Income Net Lease Real Estate ETF

NYSEDaily chart
Range low retest · 15 Jun 2022

NETL slipped below its $27.61 – $30.81 range and came back to test the low on 15 Jun 2022.

Range low
$27.61
support
Range high
$30.81
12% above the low
In the range since
Jan 2022
9 mo
Close on retest day
$25.18
9% below the range low
  • Previous range $23.41 – $25.09 lasted 4 mo and broke downward at $21.90.
  • 6 sideways ranges found since 2022.
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 retest 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
26 Apr 2024Still open——
12 Dec 202318 Apr 2024 · 4 moBroke below the range at $21.90—
23 Mar 20234 Oct 2023 · 6 moBroke below the range at $20.75—
19 Sept 20222 Feb 2023 · 4 moBroke above the range at $27.84—
13 Jan 202229 Sept 2022 · 9 moBroke below the range at $22.6815 Jun 2022
13 Jan 202230 Jun 2022 · 6 moBroke below the range at $26.84—

Retests found

  • 15 Jun 2022 · 5 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.