CompanyGraph
Use to find companies where this pattern is active.
Two structural conditions align: (1) a multi-year price band exists where the stock has, on at least two separated occasions, stopped advancing and pulled back, and (2) current price is back inside or just below that zone, near the top of its recent trading range. The retest is happening at a level the stock has reached before and turned away from.
State
Near established resistance zone
Emergence
Current price has returned to a price band where the stock previously stopped going up on at least two separated occasions, each followed by a real downward reaction. That zone has not been decisively broken through since. The retest is happening from near the top of the recent trading range.
Limits
This interpretation identifies a structural rejection zone, not a shorting opportunity. It does not predict that resistance will hold, indicate timing, or rule out a clean break above the zone. Established resistance can fail; each test is a separate event.
Explanation
Each observation represents an independent structural observation: Near Established Resistance Zone (5y) requires that two or more separated upward moves over the past five years stalled in roughly the same price band, each followed by a downward reaction of at least 6%. The zone is invalidated and the observation silenced if a decisive close has occurred above the zone since the last contact. Score reflects how many rejections, how long the span, how tightly the contacts cluster, and how recently the zone was last tested. Range Position (1y) measures where current price sits within the last year's high-low range. A high reading confirms the price has rallied back into the upper portion of its recent range, distinguishing a real resistance test from a stock that has been weak. When both align, the description is: established multi-touch resistance, currently being approached or tested from below.
Interpretation
This interpretation describes structural position, not future direction. It does not assess whether the stock is overvalued, predict that the zone will hold, or recommend action. Some rejections turn the price away; some breaks straight through — both happen on charts that look identical at the moment of the test.
Required Observations
Range Position 1y
Close is in the upper portion of its 52-week high-low range
Resistance Zone Retest 5y
Current price is at or near a price band the stock has been rejected from multiple times in the past