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FBLGraniteShares 2x Long META Daily ETF

NASDAQDaily chart
Range low retest · 26 Jul 2024

FBL slipped below its $24.20 – $31.29 range and came back to test the low on 26 Jul 2024.

Range low
$24.20
support
Range high
$31.29
29% above the low
In the range since
Feb 2024
5 mo
Close on retest day
$22.16
8% below the range low
  • Previous range $26.68 – $40.28 lasted 7 mo and broke downward at $18.10.
  • 5 sideways ranges found since 2023.
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
20 Jan 202619 Aug 2026 · 7 moBroke below the range at $18.10—
23 Jun 202512 Dec 2025 · 6 moBroke below the range at $31.20—
11 Sept 202414 Feb 2025 · 5 moBroke above the range at $51.74—
21 Feb 20245 Aug 2024 · 5 moBroke below the range at $20.5026 Jul 2024
18 Jan 202314 Apr 2023 · 3 moBroke above the range at $12.68—

Retest signals

  • 26 Jul 2024 · 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.