As of 04/24/2024
Indus: 38,461 -42.77 -0.1%
Trans: 15,078 -358.61 -2.3%
Utils: 893 +6.79 +0.8%
Nasdaq: 15,713 +16.11 +0.1%
S&P 500: 5,072 +1.08 +0.0%
|
YTD
+2.0%
-5.2%
+1.3%
+4.7%
+6.3%
|
 39,800 or 37,150 by 05/01/202416,200 or 15,000 by 05/01/2024885 or 850 by 05/01/202416,700 or 15,800 by 05/01/20245,250 or 5,025 by 05/01/2024 |
As of 04/24/2024
Indus: 38,461 -42.77 -0.1%
Trans: 15,078 -358.61 -2.3%
Utils: 893 +6.79 +0.8%
Nasdaq: 15,713 +16.11 +0.1%
S&P 500: 5,072 +1.08 +0.0%
|
YTD
+2.0%
-5.2%
+1.3%
+4.7%
+6.3%
| |
|
39,800 or 37,150 by 05/01/202416,200 or 15,000 by 05/01/2024885 or 850 by 05/01/202416,700 or 15,800 by 05/01/20245,250 or 5,025 by 05/01/2024 | ||
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Weekly screen for chart patterns ending between 09/03/2020 and 09/10/2020. Many may be still in development. If no securities appear, then I have not identified any new patterns.
Industry: Computer Software and SvcsIndustry RS rank: 11 out of 59Stock RS rank: 81 out of 5799/10/20 close: $57.221 Month avg volatility: $1.80. Volatility stop (for downward breakout): $62.17 or 8.7% above the close.Change YTD: 33.16%Volume: 351,100 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.Chart pattern: Pipe top reversal pattern from 08/24/2020 to 08/31/2020Breakout is downward 100% of the time.Average decline: 20%.Break-even failure rate: 11%.Pullbacks occur 41% of the time.Price hits measure rule target 70% of the time.
Industry: Retail (Special Lines)WARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 9 out of 59Stock RS rank: 56 out of 5799/10/20 close: $11.981 Month avg volatility: $0.67. Volatility stop (for downward breakout): $14.00 or 16.8% above the close.Change YTD: -30.75%Volume: 15,542,900 shares. 3 month avg: 4,821,077 shares.Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.Chart pattern: Broadening top reversal pattern from 08/10/2020 to 09/09/2020WARNING: A dead-cat bounce occurred on 07/09/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 10/08/2020 and a 38% chance by 01/07/2021.Breakout is downward 50% of the time.Average decline: 15%.Break-even failure rate: 18%.Pullbacks occur 48% of the time.Price hits measure rule target 37% of the time.
Industry: MachineryIndustry RS rank: 23 out of 59Stock RS rank: 86 out of 5799/10/20 close: $207.161 Month avg volatility: $4.30. Volatility stop (for upward breakout): $196.25 or 5.3% below the close.Change YTD: 15.76%Volume: 1,114,900 shares. 3 month avg: 1,327,631 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.Chart pattern: Broadening top, right-angled and descending continuation pattern from 08/18/2020 to 09/10/2020Breakout is upward 51% of the time.Average rise: 28%.Break-even failure rate: 19%.Throwbacks occur 52% of the time.Price hits measure rule target 63% of the time.
Industry: NoneIndustry RS rank: 8 out of 599/10/20 close: $11,178.971 Month avg volatility: $178.63. Volatility stop (for downward breakout): $11,692.29 or 4.6% above the close.Change YTD: 2.55%Volume: 132,467,300 shares. 3 month avg: 217,732,529 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.Chart pattern: Diamond top reversal pattern from 08/28/2020 to 09/10/2020Breakout is downward 69% of the time.Average decline: 21%.Break-even failure rate: 6%.Pullbacks occur 57% of the time.Price hits measure rule target 76% of the time.
Industry: Electric Utility (East)Industry RS rank: 51 out of 59Stock RS rank: 429 out of 5799/10/20 close: $78.731 Month avg volatility: $1.27. Volatility stop (for downward breakout): $82.25 or 4.5% above the close.Change YTD: -4.94%Volume: 3,685,700 shares. 3 month avg: 2,249,422 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.Chart pattern: Broadening top, right-angled and ascending reversal pattern from 08/20/2020 to 09/09/2020Breakout is downward 66% of the time.Average decline: 15%.Break-even failure rate: 20%.Pullbacks occur 65% of the time.Price hits measure rule target 32% of the time.
Industry: Computer Software and SvcsIndustry RS rank: 11 out of 59Stock RS rank: 158 out of 5799/10/20 close: $205.371 Month avg volatility: $5.78. Volatility stop (for downward breakout): $226.31 or 10.2% above the close.Change YTD: 30.23%Volume: 34,784,300 shares. 3 month avg: 21,460,729 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.Chart pattern: Pipe top reversal pattern from 08/24/2020 to 08/31/2020Breakout is downward 100% of the time.Average decline: 20%.Break-even failure rate: 11%.Pullbacks occur 41% of the time.Price hits measure rule target 70% of the time.
Industry: Medical SuppliesIndustry RS rank: 17 out of 59Stock RS rank: 288 out of 5799/10/20 close: $23.841 Month avg volatility: $1.05. Volatility stop (for downward breakout): $26.88 or 12.7% above the close.Change YTD: 16.41%Volume: 946,900 shares. 3 month avg: 1,885,975 shares.Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.Chart pattern: Pipe top reversal pattern from 08/24/2020 to 08/31/2020Breakout is downward 100% of the time.Average decline: 20%.Break-even failure rate: 11%.Pullbacks occur 41% of the time.Price hits measure rule target 70% of the time.
Industry: Financial ServicesIndustry RS rank: 22 out of 59Stock RS rank: 259 out of 5799/10/20 close: $201.541 Month avg volatility: $4.10. Volatility stop (for downward breakout): $215.20 or 6.8% above the close.Change YTD: 7.26%Volume: 7,219,200 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.Chart pattern: Pipe top reversal pattern from 08/24/2020 to 08/31/2020Breakout is downward 100% of the time.Average decline: 20%.Break-even failure rate: 11%.Pullbacks occur 41% of the time.Price hits measure rule target 70% of the time.
Industry: Computer Software and SvcsIndustry RS rank: 11 out of 59Stock RS rank: 106 out of 5799/10/20 close: $301.001 Month avg volatility: $7.26. Volatility stop (for downward breakout): $325.83 or 8.3% above the close.Change YTD: 29.16%Volume: 720,600 shares.Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.Chart pattern: Pipe top reversal pattern from 08/24/2020 to 08/31/2020Breakout is downward 100% of the time.Average decline: 20%.Break-even failure rate: 11%.Pullbacks occur 41% of the time.Price hits measure rule target 70% of the time.
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