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CSCOCisco Systems Inc

NASDAQDaily chart
Range low retest · 28 May 2024

CSCO slipped below its $47.85 – $52.62 range and came back to test the low on 28 May 2024.

Range low
$47.85
support
Range high
$52.62
10% above the low
In the range since
Jan 2024
6 mo
Close on retest day
$46.28
3% below the range low
  • Previous range $73.01 – $88.19 lasted 4 mo and broke upward at $119.39.
  • 7 sideways ranges found since 2021.
  • 2 retest signals in total on the daily chart.
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 trading day. The purple lines are the range the signal came from, and the green Retest label marks the day RangeStocks flagged. Tick “Show past sideways ranges” to see earlier ranges.

Daily chart

Sideways range history

RangeStartedEndedOutcomeRetests
16 Jul 2026Still open——
21 Jan 202618 May 2026 · 4 moBroke above the range at $119.39—
13 Jan 202530 Jun 2025 · 6 moBroke above the range at $69.78—
26 Jan 20246 Aug 2024 · 6 moBroke below the range at $44.6428 May 2024
31 Jul 202328 Nov 2023 · 4 moBroke below the range at $47.81—
17 May 20221 Sept 2023 · 1 yr 4 moBroke above the range at $58.1913 Oct 2022
18 Nov 202119 May 2022 · 6 moBroke below the range at $41.02—

Retest signals

  • 28 May 2024 · 4 mo into the range
  • 13 Oct 2022 · 5 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.