Chart pattern

REX chart pattern — REX American Resources

1 formation detected on the latest close (Nov 06, 2026).

Overview Technicals

Descending Channel · Weekly candles

BearishForming

Last close$39.38

Trigger$37.55 (-4.7%)

Upper boundary$45.23

Lower boundary$37.55

Pattern spanJun 26, 2026 → 19 bars

Touches7

Fit score87/100

A steady downtrend held between two parallel falling lines. Trigger: A close above the upper rail is the first real sign the downtrend is ending. A close below the lower rail is capitulation. Invalidation: A sustained close above the upper rail.

Automated detection for education and research; not a recommendation. Levels are drawn from split-adjusted daily prices.