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DMO stock – Western Asset Mortgage Defined Opportunities Closed Fund sideways range & retest history

NYSE

On the weekly chart, DMO broke out below its sideways range between $10.34 and $21.39 (started 16 Feb 2020), its pullback failed, and NasdaqScan detected a retest of the low in the week of 29 Oct 2023, 1351 days after the range began.

Since 2019, NasdaqScan has found 2 sideways ranges in DMO. The completed range lasted 1736 days. It 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.

Charts are only kept for recent signals, so there is no chart for this signal.

Sideways ranges

RangeStartedEndedHow it endedRetest signals (week of)
$10.34 – $21.3916 Feb 2020Open—29 Oct 2023 (Go ahead)
$20.21 – $22.5014 Jul 201914 Apr 2024 (1736 days)Broke below the range at $11.93—

Retest signals detected

  • Week of 29 Oct 2023: retest of the low after a breakout below a sideways range, 1351 days after the range began (Go ahead)

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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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