NASDAQ
On the weekly chart, MCFT broke out below its sideways range between $18.49 and $35.29 (started 25 Sept 2022), its pullback failed, and NasdaqScan detected a retest of the low in the week of 7 Jul 2024, 651 days after the range began.
Since 2019, NasdaqScan has found 2 sideways ranges in MCFT. The completed range lasted 1764 days. It ended without a clear breakout. The current range is 91% wide from low to high.
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.
Charts are only kept for recent signals, so there is no chart for this signal.
| Range | Started | Ended | How it ended | Retest signals (week of) |
|---|---|---|---|---|
| $18.49 – $35.29 | 25 Sept 2022 | Open | — | 7 Jul 2024 (Go ahead) |
| $17.60 – $28.96 | 16 Jun 2019 | 14 Apr 2024 (1764 days) | Range invalidated at $24.05 | — |
All NASDAQ stocks with 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.