NYSE
On the weekly chart, SMFG has been moving sideways between $9.40 and $13.41 since 1 Oct 2023.
Since 2019, NasdaqScan has found 3 sideways ranges in SMFG. Completed ranges lasted 1145 days on average, from 868 to 1421 days. Of those 2, 1 broke upward and 1 ended without a clear breakout. The current range is 43% wide from low to high. The latest retest signal NasdaqScan detected in SMFG was in the week of 2 Oct 2022, below the earlier $6.18 – $7.95 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.
| Range | Started | Ended | How it ended | Retest signals (week of) |
|---|---|---|---|---|
| $9.40 – $13.41 | 1 Oct 2023 | Open | — | — |
| $6.18 – $7.95 | 24 Jan 2021 | 15 Dec 2024 (1421 days) | Broke above the range at $15.56 | 2 Oct 2022 (BO accepted) |
| $6.33 – $7.43 | 23 Jun 2019 | 7 Nov 2021 (868 days) | Range invalidated at $6.44 | — |
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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.