NYSE
On the weekly chart, NasdaqScan last detected a sideways range retest in MGV in the week of 2 Oct 2022.
Since 2020, NasdaqScan has found 2 sideways ranges in MGV. Completed ranges lasted 728 days on average, from 455 to 1001 days. Of those 2, 2 broke upward.
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.
| Range | Started | Ended | How it ended | Retest signals (week of) |
|---|---|---|---|---|
| 28 Nov 2021 | 25 Aug 2024 (1001 days) | Broke above the range at $127.57 | 2 Oct 2022 (BO accepted) | |
| 9 Feb 2020 | 9 May 2021 (455 days) | Broke above the range at $102.73 | — |
All NYSE stocks with retest patterns →
Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.