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TCBI stock – Texas Capital Bancshares Inc sideways range & retest history

NASDAQ

On the weekly chart, TCBI has been moving sideways between $42.79 and $69.27 since 29 Jan 2023.

Since 2019, NasdaqScan has found 3 sideways ranges in TCBI. Completed ranges lasted 798 days on average, from 770 to 826 days. Of those 2, 2 ended without a clear breakout. The current range is 62% wide from low to high. The latest retest signal NasdaqScan detected in TCBI was in the week of 1 May 2022, below the earlier $59.72 – $93.26 range.

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.

Sideways ranges

RangeStartedEndedHow it endedRetest signals (week of)
$42.79 – $69.2729 Jan 2023Open——
$59.72 – $93.2631 Jan 202112 Mar 2023 (770 days)Range invalidated at $69.271 May 2022 (BO accepted)
$47.86 – $63.7030 Jun 20193 Oct 2021 (826 days)Range invalidated at $54.27—

Retest signals detected

  • Week of 1 May 2022: retest of the low after a breakout below a sideways range, 455 days after the range began (BO accepted)

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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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