NASDAQ
On the weekly chart, NasdaqScan last detected a sideways range retest in RMBS in the week of 8 Sept 2024.
Since 2020, NasdaqScan has found 2 sideways ranges in RMBS. Completed ranges lasted 697 days on average, from 378 to 1015 days. Of those 2, 2 broke upward.
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) |
|---|---|---|---|---|
| 23 Apr 2023 | 1 Feb 2026 (1015 days) | Broke above the range at $128.23 | 8 Sept 2024 (Go ahead) | |
| 2 Feb 2020 | 14 Feb 2021 (378 days) | Broke above the range at $22.30 | — |
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.