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PDTJohn Hancock Premium Dividend Fund

NYSEDaily chart
Range low retest · 8 Sept 2023

PDT slipped below its $11.15 – $12.97 range and came back to test the low on 8 Sept 2023.

Range low
$11.15
support
Range high
$12.97
16% above the low
In the range since
Apr 2023
5 mo
Close on retest day
$9.93
11% below the range low
  • Previous range $9.88 – $11.10 lasted 9 mo and broke upward at $12.48.
  • 5 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 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 Nov 2024Still open——
13 Nov 20231 Aug 2024 · 9 moBroke above the range at $12.48—
28 Apr 20236 Oct 2023 · 5 moBroke below the range at $8.778 Sept 2023
14 Jul 202224 Mar 2023 · 8 moBroke below the range at $11.71—
9 Feb 202214 Jul 2022 · 5 moBroke below the range at $13.39—

Retest signals

  • 8 Sept 2023 · 4 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.