As of 04/19/2024   Indus: 37,986 +211.02 +0.6%     Trans: 15,084 +136.79 +0.9%     Utils: 876 +15.31 +1.8%     Nasdaq: 15,282 -319.49 -2.0%     S&P 500: 4,967 -43.89 -0.9%	YTD  +0.8%   -5.1%   -0.7%    +1.8%    +4.1%	Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

As of 04/19/2024   Indus: 37,986 +211.02 +0.6%     Trans: 15,084 +136.79 +0.9%     Utils: 876 +15.31 +1.8%     Nasdaq: 15,282 -319.49 -2.0%     S&P 500: 4,967 -43.89 -0.9%	YTD  +0.8%   -5.1%   -0.7%    +1.8%    +4.1%
Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

Patterns for the Weekend Details

Copyright © 2020 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

Weekly screen for chart patterns ending between 09/10/2020 and 09/17/2020. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Information Services

Industry RS rank: 13 out of 59

Stock RS rank: 66 out of 579

9/17/20 close: $47.50

1 Month avg volatility: $2.15. Volatility stop (for upward breakout): $41.20 or 13.3% below the close.

Change YTD: -57.66%

Volume: 773,000 shares. 3 month avg: 546,969 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Triangle, symmetrical continuation pattern from 08/11/2020 to 09/17/2020

Breakout is upward 54% of the time.

Average rise: 31%.

Break-even failure rate: 9%.

Throwbacks occur 37% of the time.

Price hits measure rule target 66% of the time.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 51 out of 59

Stock RS rank: 296 out of 579

9/17/20 close: $66.92

1 Month avg volatility: $1.94. Volatility stop (for downward breakout): $71.59 or 7.0% above the close.

Change YTD: -38.97%

Volume: 1,086,400 shares. 3 month avg: 346,660 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Roof reversal pattern from 08/25/2020 to 09/17/2020

Breakout is downward 84% of the time.

Average decline: 16%.

Break-even failure rate: 13%.

Pullbacks occur 56% of the time.

Price hits measure rule target 68% of the time.

Industry: Shoe

Industry RS rank: 2 out of 59

Stock RS rank: 16 out of 579

9/17/20 close: $10.91

1 Month avg volatility: $0.61. Volatility stop (for upward breakout): $9.60 or 12.0% below the close.

Change YTD: -54.06%

Volume: 810,100 shares. 3 month avg: 329,342 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Flag, high and tight continuation pattern from 08/03/2020 to 09/17/2020

Breakout is upward 100% of the time.

Average rise: 69%.

Throwbacks occur 54% of the time.

Price hits measure rule target 90% of the time.

Industry: Chemical (Basic)

Industry RS rank: 7 out of 59

Stock RS rank: 177 out of 579

9/17/20 close: $34.64

1 Month avg volatility: $0.99. Volatility stop (for upward breakout): $30.23 or 12.7% below the close.

Change YTD: -27.44%

Volume: 3,435,100 shares. 3 month avg: 3,754,700 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: Head-and-shoulders bottom reversal pattern from 09/01/2020 to 09/17/2020

Breakout is upward 100% of the time.

Average rise: 38%.

Break-even failure rate: 3%.

Throwbacks occur 45% of the time.

Price hits measure rule target 74% of the time.

Industry: Biotechnology

Industry RS rank: 45 out of 59

Stock RS rank: 60 out of 579

9/17/20 close: $218.15

1 Month avg volatility: $5.40. Volatility stop (for upward breakout): $204.79 or 6.1% below the close.

Change YTD: 42.81%

Volume: 459,100 shares. 3 month avg: 379,248 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 bottom reversal pattern from 08/31/2020 to 09/08/2020

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Telecom. Equipment

Industry RS rank: 17 out of 59

Stock RS rank: 229 out of 579

9/17/20 close: $32.82

1 Month avg volatility: $0.82. Volatility stop (for downward breakout): $34.73 or 5.8% above the close.

Change YTD: 12.74%

Volume: 5,994,300 shares. 3 month avg: 5,449,098 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Diamond top reversal pattern from 08/21/2020 to 09/16/2020

Breakout 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: Cement and Aggregates

Industry RS rank: 9 out of 59

Stock RS rank: 71 out of 579

9/17/20 close: $38.70

1 Month avg volatility: $0.68. Volatility stop (for upward breakout): $37.07 or 4.2% below the close.

Change YTD: -4.04%

Volume: 254,900 shares. 3 month avg: 546,094 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/31/2020 to 09/08/2020

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Machinery

Industry RS rank: 12 out of 59

Stock RS rank: 421 out of 579

9/17/20 close: $98.97

1 Month avg volatility: $2.85. Volatility stop (for upward breakout): $88.85 or 10.2% below the close.

Change YTD: -29.75%

Volume: 532,100 shares. 3 month avg: 230,622 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: Double Bottom, Adam and Adam reversal pattern from 09/10/2020 to 09/16/2020

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 5%.

Throwbacks occur 64% of the time.

Price hits measure rule target 66% of the time.

Industry: Shoe

Industry RS rank: 2 out of 59

Stock RS rank: 47 out of 579

9/17/20 close: $213.33

1 Month avg volatility: $6.30. Volatility stop (for upward breakout): $199.54 or 6.5% below the close.

Change YTD: 26.34%

Volume: 373,900 shares. 3 month avg: 637,325 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 bottom reversal pattern from 08/31/2020 to 09/08/2020

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: IT Services

Industry RS rank: 20 out of 59

Stock RS rank: 389 out of 579

9/17/20 close: $103.80

1 Month avg volatility: $2.93. Volatility stop (for upward breakout): $93.86 or 9.6% below the close.

Change YTD: -10.23%

Volume: 6,920,200 shares. 3 month avg: 915,811 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 07/20/2020 to 09/17/2020

Breakout 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: Food Processing

Industry RS rank: 53 out of 59

Stock RS rank: 570 out of 579

9/17/20 close: $23.91

1 Month avg volatility: $0.55. Volatility stop (for upward breakout): $22.29 or 6.8% below the close.

Change YTD: -31.65%

Volume: 118,900 shares. 3 month avg: 288,512 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

 

Chart pattern: Triangle, symmetrical continuation pattern from 07/31/2020 to 09/17/2020

Breakout is upward 54% of the time.

Average rise: 31%.

Break-even failure rate: 9%.

Throwbacks occur 37% of the time.

Price hits measure rule target 66% of the time.

Industry: Homebuilding

Industry RS rank: 1 out of 59

Stock RS rank: 38 out of 579

9/17/20 close: $73.32

1 Month avg volatility: $2.32. Volatility stop (for upward breakout): $67.44 or 8.0% below the close.

Change YTD: 39.00%

Volume: 2,790,600 shares. 3 month avg: 4,390,840 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 bottom reversal pattern from 08/31/2020 to 09/08/2020

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Medical Services

Industry RS rank: 31 out of 59

Stock RS rank: 2 out of 579

9/17/20 close: $39.07

1 Month avg volatility: $2.51. Volatility stop (for upward breakout): $32.88 or 15.8% below the close.

Change YTD: 142.22%

Volume: 3,172,200 shares. 3 month avg: 321,822 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.

 

Chart pattern: Pipe bottom reversal pattern from 08/31/2020 to 09/08/2020

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Homebuilding

Industry RS rank: 1 out of 59

Stock RS rank: 11 out of 579

9/17/20 close: $38.61

1 Month avg volatility: $1.45. Volatility stop (for upward breakout): $35.02 or 9.3% below the close.

Change YTD: 12.66%

Volume: 1,347,900 shares. 3 month avg: 2,684,634 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/31/2020 to 09/08/2020

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Aerospace/Defense

Industry RS rank: 48 out of 59

Stock RS rank: 479 out of 579

9/17/20 close: $185.44

1 Month avg volatility: $4.04. Volatility stop (for downward breakout): $194.07 or 4.7% above the close.

Change YTD: -6.28%

Volume: 1,122,600 shares. 3 month avg: 1,674,089 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Diamond top reversal pattern from 08/26/2020 to 09/16/2020

Breakout 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: Homebuilding

Industry RS rank: 1 out of 59

Stock RS rank: 39 out of 579

9/17/20 close: $78.14

1 Month avg volatility: $2.63. Volatility stop (for upward breakout): $72.01 or 7.8% below the close.

Change YTD: 40.06%

Volume: 3,203,700 shares. 3 month avg: 3,465,638 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 bottom reversal pattern from 08/31/2020 to 09/08/2020

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Homebuilding

Industry RS rank: 1 out of 59

Stock RS rank: 3 out of 579

9/17/20 close: $44.59

1 Month avg volatility: $2.04. Volatility stop (for upward breakout): $40.04 or 10.2% below the close.

Change YTD: 13.32%

Volume: 169,900 shares. 3 month avg: 256,088 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 bottom reversal pattern from 08/31/2020 to 09/08/2020

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Homebuilding

Industry RS rank: 1 out of 59

Stock RS rank: 24 out of 579

9/17/20 close: $47.49

1 Month avg volatility: $1.69. Volatility stop (for upward breakout): $43.01 or 9.4% below the close.

Change YTD: 24.45%

Volume: 895,200 shares. 3 month avg: 498,709 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/31/2020 to 09/08/2020

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Electric Utility (West)

Industry RS rank: 58 out of 59

Stock RS rank: 355 out of 579

9/17/20 close: $9.78

1 Month avg volatility: $0.29. Volatility stop (for downward breakout): $10.38 or 6.1% above the close.

Change YTD: -10.03%

Volume: 18,710,900 shares. 3 month avg: 5,870,049 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: Rectangle bottom continuation pattern from 07/13/2020 to 09/11/2020

Breakout is downward 55% of the time.

Average decline: 14%.

Break-even failure rate: 16%.

Pullbacks occur 69% of the time.

Price hits measure rule target 50% of the time.

Industry: Chemical (Specialty)

Industry RS rank: 57 out of 59

Stock RS rank: 29 out of 579

9/17/20 close: $27.78

1 Month avg volatility: $0.97. Volatility stop (for upward breakout): $24.66 or 11.2% below the close.

Change YTD: -24.49%

Volume: 666,100 shares. 3 month avg: 446,563 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

 

Chart pattern: Triangle, ascending reversal pattern from 07/31/2020 to 09/17/2020

Breakout is upward 70% of the time.

Average rise: 35%.

Break-even failure rate: 13%.

Throwbacks occur 57% of the time.

Price hits measure rule target 75% of the time.

Industry: Homebuilding

Industry RS rank: 1 out of 59

Stock RS rank: 49 out of 579

9/17/20 close: $45.46

1 Month avg volatility: $1.45. Volatility stop (for upward breakout): $42.14 or 7.3% below the close.

Change YTD: 17.16%

Volume: 2,198,200 shares. 3 month avg: 4,812,565 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/31/2020 to 09/08/2020

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Toiletries/Cosmetics

Industry RS rank: 18 out of 59

Stock RS rank: 563 out of 579

9/17/20 close: $6.85

1 Month avg volatility: $0.44. Volatility stop (for upward breakout): $5.89 or 14.1% below the close.

Change YTD: -68.02%

Volume: 161,900 shares. 3 month avg: 238,602 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.

 

Chart pattern: Triangle, symmetrical continuation pattern from 07/15/2020 to 09/16/2020

Breakout is upward 54% of the time.

Average rise: 31%.

Break-even failure rate: 9%.

Throwbacks occur 37% of the time.

Price hits measure rule target 66% of the time.

Industry: Furn/Home Furnishings

Industry RS rank: 4 out of 59

Stock RS rank: 8 out of 579

9/17/20 close: $90.96

1 Month avg volatility: $3.12. Volatility stop (for upward breakout): $82.31 or 9.5% below the close.

Change YTD: 4.48%

Volume: 736,800 shares. 3 month avg: 985,960 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/31/2020 to 09/08/2020

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Homebuilding

Industry RS rank: 1 out of 59

Stock RS rank: 22 out of 579

9/17/20 close: $44.38

1 Month avg volatility: $1.79. Volatility stop (for upward breakout): $39.97 or 9.9% below the close.

Change YTD: 12.33%

Volume: 2,363,300 shares. 3 month avg: 2,237,614 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/31/2020 to 09/08/2020

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

 

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