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COMUAmundi Bloomberg Equal-weight Commodity ex-Agriculture UCITS ETF Acc

LondonWeekly chart
Range low retest · week of 14 May 2023

COMU slipped below its $25.58 – $31.20 range and came back to test the low in the week of 14 May 2023.

Range low
$25.58
support
Range high
$31.20
22% above the low
In the range since
Jun 2022
1 yr 6 mo
Close in retest week
$23.41
8% below the range low
  • Previous range $22.28 – $27.03 lasted 1 yr 10 mo and broke upward at $31.23.
  • 3 sideways ranges found since 2021.
What is a range retest, and how do I read the chart?

A stock moves sideways between a floor (the range low) and a ceiling (the range high) for a long time. Then it drops below the floor, fails to climb back in, and returns to test that low again. Traders also call this a spring. Some springs mark the end of a decline; many don't.

On the chart, each candle is one week. The purple lines are the range the signal came from, and the green Retest label marks the week RangeStocks flagged. Tick “Show past sideways ranges” to see earlier ranges.

Weekly chart

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 range history

RangeStartedEndedOutcomeRetests (week of)
11 Feb 202430 Nov 2025 · 1 yr 10 moBroke above the range at $31.23—
5 Jun 202210 Dec 2023 · 1 yr 6 moBroke below the range at $21.8214 May 2023
28 Nov 2021Still open——

Retest signals

  • Week of 14 May 2023 · 11 mo into the range

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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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