NYSE
On the weekly chart, PGHY broke out below its sideways range between $21.36 and $22.35 (started 27 Sept 2020), its pullback failed, and NasdaqScan detected a retest of the low in the week of 2 Oct 2022, 735 days after the range began.
Since 2018, NasdaqScan has found 2 sideways ranges in PGHY. The completed range lasted 1099 days. It broke downward. The current range is 5% wide from low to high.
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.
| Range | Started | Ended | How it ended | Retest signals (week of) |
|---|---|---|---|---|
| $21.36 – $22.35 | 27 Sept 2020 | Open | — | 2 Oct 2022 (Go ahead) |
| $22.85 – $23.35 | 18 Nov 2018 | 21 Nov 2021 (1099 days) | Broke below the range at $21.69 | — |
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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.