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GGN_pb stock – GAMCO Global Gold Natural Resources & Income Trust Pref sideways range & retest history

NYSE

On the weekly chart, GGN_pb has been moving sideways between $19.84 and $24.15 since 15 Sept 2024.

Since 2020, NasdaqScan has found 3 sideways ranges in GGN_pb. The completed range lasted 861 days. It broke downward. The current range is 22% wide from low to high. The latest retest signal NasdaqScan detected in GGN_pb was in the week of 26 May 2024, below the earlier $21.62 – $24.30 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)
15 Sept 2024Open——
14 Aug 202222 Dec 2024 (861 days)Broke below the range at $19.8426 May 2024 (Go ahead)
16 Feb 2020Open——

Retest signals detected

  • Week of 26 May 2024: retest of the low after a breakout below a sideways range, 651 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