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FLMB stock – Franklin Municipal Green Bond ETF sideways range & retest history

NYSE

On the weekly chart, FLMB has been moving sideways between $22.35 and $24.41 since 31 Jul 2022.

Since 2019, NasdaqScan has found 2 sideways ranges in FLMB. The completed range lasted 1267 days. It broke downward. The current range is 9% wide from low to high. The latest retest signal NasdaqScan detected in FLMB was in the week of 19 Jun 2022, below the earlier $25.13 – $27.66 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.

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.

Sideways ranges

RangeStartedEndedHow it endedRetest signals (week of)
31 Jul 2022Open——
7 Apr 201925 Sept 2022 (1267 days)Broke below the range at $22.3519 Jun 2022 (Go ahead)

Retest signals detected

  • Week of 19 Jun 2022: retest of the low after a breakout below a sideways range, 1169 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.

← All current retest signals