PVL slipped below its $2.03 – $5.58 range and came back to test the low in the week of 31 Dec 2023.
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.
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.
| Range | Started | Ended | Outcome | Retests (week of) |
|---|---|---|---|---|
| 23 Jun 2024 | Still open | — | — | |
| 23 Jan 2022 | 31 Mar 2024 · 2 yr 2 mo | Broke below the range at $1.31 | 31 Dec 2023 | |
| 24 May 2020 | 5 Jun 2022 · 2 yr | Broke above the range at $5.58 | — | |
| 23 Dec 2018 | 8 Nov 2020 · 1 yr 11 mo | Broke below the range at $0.4435 | — | |
| 18 Aug 2019 | 28 Nov 2021 · 2 yr 3 mo | Range invalidated at $2.30 | — |
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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.