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SUZSuzano Papel e Celulose SA ADR

NYSEDaily chart
Range low retest · 23 May 2024

SUZ slipped below its $10.41 – $12.66 range and came back to test the low on 23 May 2024.

Range low
$10.41
support
Range high
$12.66
22% above the low
In the range since
Feb 2024
4 mo
Close on retest day
$9.84
5% below the range low
  • Previous range $8.85 – $10.62 lasted 1 yr 11 mo and broke downward at $8.00.
  • 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
17 Jun 2026Still open——
20 Jun 20242 Jun 2026 · 1 yr 11 moBroke below the range at $8.00—
15 Feb 202420 Jun 2024 · 4 moBroke below the range at $8.8523 May 2024
8 Sept 202321 Mar 2024 · 6 moBroke above the range at $12.66—
30 Jun 202221 Sept 2023 · 1 yr 3 moBroke above the range at $11.43—

Retest signals

  • 23 May 2024 · 3 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.