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TYODirexion Daily 7-10 Year Treasury Bear 3X Shares

NYSEDaily chart
Range low retest · 20 Jan 2023

TYO slipped below its $12.79 – $15.09 range and came back to test the low on 20 Jan 2023.

Range low
$12.79
support
Range high
$15.09
18% above the low
In the range since
Oct 2022
6 mo
Close on retest day
$12.18
5% below the range low
  • Previous range $12.81 – $14.44 lasted 4 mo and broke upward at $15.64.
  • 5 sideways ranges found since 2021.
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
24 Jul 2024Still open——
11 Dec 202325 Apr 2024 · 4 moBroke above the range at $15.64—
2 Mar 20236 Oct 2023 · 7 moBroke above the range at $16.25—
3 Oct 202224 Mar 2023 · 6 moBroke below the range at $11.5320 Jan 2023
24 Nov 202121 Oct 2022 · 11 moBroke above the range at $15.09—

Retest signals

  • 20 Jan 2023 · 4 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.