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GLU stock – Gabelli Global Utility & Income Tr sideways range & retest history

NYSE

On the weekly chart, GLU has been moving sideways between $11.61 and $17.18 since 22 Oct 2023.

Since 2019, NasdaqScan has found 3 sideways ranges in GLU. Completed ranges lasted 1376 days on average, from 861 to 1890 days. Of those 2, 1 broke upward and 1 ended without a clear breakout. The current range is 48% wide from low to high. The latest retest signal NasdaqScan detected in GLU was in the week of 24 Jul 2022, below the earlier $17.90 – $24.05 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)
$11.61 – $17.1822 Oct 2023Open——
$17.90 – $24.053 Jan 20218 Mar 2026 (1890 days)Range invalidated at $21.6924 Jul 2022 (Go ahead)
$15.03 – $19.1922 Sept 201930 Jan 2022 (861 days)Broke above the range at $22.18—

Retest signals detected

  • Week of 24 Jul 2022: retest of the low after a breakout below a sideways range, 567 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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