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iShares S&P U.S. Banks ETF (LSE~BNKS) – sideways & breakout history

London

iShares S&P U.S. Banks ETF has been moving sideways between $3.5105 and $5.819 since 5 May 2024.

Since 2020, NasdaqScan has found 3 sideways ranges in LSE~BNKS. Completed ranges lasted 686 days on average, from 588 to 784 days. Of those 2, 1 broke downward and 1 ended without a clear breakout. The current range is 66% wide from low to high. NasdaqScan detected one breakout pattern in iShares S&P U.S. Banks ETF, on 19 Jun 2022 after 182 days of sideways movement.

Charts are only kept for recent breakouts, so there is no chart for this signal.

Sideways ranges

RangeFormedEndedHow it endedBreakout signals
$3.5105 – $5.8195 May 2024Still sideways——
$5.981 – $7.493 Apr 202226 May 2024 (784 days)Broke below the range at $5.42919 Jun 2022 (Go ahead)
$2.528 – $5.22918 Oct 202029 May 2022 (588 days)Range invalidated at $5.192—

Breakout patterns detected

  • 19 Jun 2022: breakout from a sideways range after 182 days (Go ahead)

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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.

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