NASDAQ
On the weekly chart, NasdaqScan last detected a sideways range retest in AMD in the week of 19 Jun 2022.
Since 2020, NasdaqScan has found 3 sideways ranges in AMD. Completed ranges lasted 495 days on average, from 385 to 581 days. Of those 3, 2 broke upward and 1 broke downward.
The pattern: price breaks out below a long sideways range, the pullback back into the range fails, and price comes back to retest the low. Traders also call this a spring. NasdaqScan flags the weekly candle that makes the retest.
Weekly chart: each candle is one week of trading, and every date on this page is the week it falls in.
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 | How it ended | Retest signals (week of) |
|---|---|---|---|---|
| 31 Jul 2022 | 3 Mar 2024 (581 days) | Broke above the range at $227.30 | — | |
| 19 Sept 2021 | 9 Oct 2022 (385 days) | Broke below the range at $54.57 | 19 Jun 2022 (Go ahead) | |
| 28 Jun 2020 | 28 Nov 2021 (518 days) | Broke above the range at $164.46 | — |
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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.