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BRSPBrightspire Capital Inc

NYSEDaily chart
Range low retest · 9 May 2024

BRSP slipped below its $6.40 – $8.01 range and came back to test the low on 9 May 2024.

Range low
$6.40
support
Range high
$8.01
25% above the low
In the range since
Nov 2023
6 mo
Close on retest day
$6.04
6% below the range low
  • Previous range $4.16 – $6.08 lasted 1 yr 7 mo and broke downward at $3.56.
  • 5 sideways ranges found since 2022.
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
19 Mar 202519 Oct 2026 · 1 yr 7 moBroke below the range at $3.56—
20 May 20249 Aug 2024 · 3 moBroke below the range at $5.18—
28 Nov 202329 May 2024 · 6 moBroke below the range at $5.709 May 2024
2 Jun 202224 Mar 2023 · 10 moBroke below the range at $5.40—
3 Jan 202220 May 2022 · 5 moBroke below the range at $7.91—

Retest signals

  • 9 May 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.