NASDAQ
On the weekly chart, NasdaqScan last detected a sideways range retest in OVID in the week of 16 Oct 2022.
Since 2019, NasdaqScan has found 3 sideways ranges in OVID. Completed ranges lasted 898 days on average, from 511 to 1666 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) |
|---|---|---|---|---|
| 10 Nov 2024 | 5 Apr 2026 (511 days) | Broke above the range at $3.11 | — | |
| 15 Mar 2020 | 6 Oct 2024 (1666 days) | Broke below the range at $1.03 | 16 Oct 2022 (Go ahead) | |
| 13 Jan 2019 | 14 Jun 2020 (518 days) | Broke above the range at $9.40 | — |
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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.