As of 04/25/2024   Indus: 38,086 -375.12 -1.0%     Trans: 15,297 +219.09 +1.5%     Utils: 895 +1.83 +0.2%     Nasdaq: 15,612 -100.99 -0.6%     S&P 500: 5,048 -23.21 -0.5%	YTD  +1.1%   -3.8%    +1.5%    +4.0%    +5.8%	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 4/23/24

As of 04/25/2024   Indus: 38,086 -375.12 -1.0%     Trans: 15,297 +219.09 +1.5%     Utils: 895 +1.83 +0.2%     Nasdaq: 15,612 -100.99 -0.6%     S&P 500: 5,048 -23.21 -0.5%	YTD  +1.1%   -3.8%    +1.5%    +4.0%    +5.8%
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 4/23/24

Patterns for the Weekend Details

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

Weekly screen for chart patterns ending between 10/29/2020 and 11/05/2020. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Precision Instrument

Industry RS rank: 11 out of 59

Stock RS rank: 216 out of 576

11/5/20 close: $73.90

1 Month avg volatility: $2.10. Volatility stop (for upward breakout): $68.85 or 6.8% below the close.

Change YTD: 31.87%

Volume: 1,282,400 shares. 3 month avg: 1,157,365 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: Double Bottom, Adam and Eve reversal pattern from 10/15/2020 to 10/30/2020

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 5%.

Throwbacks occur 59% of the time.

Price hits measure rule target 66% of the time.

Industry: Shoe

Industry RS rank: 2 out of 59

Stock RS rank: 23 out of 576

11/5/20 close: $278.57

1 Month avg volatility: $9.18. Volatility stop (for upward breakout): $244.14 or 12.4% below the close.

Change YTD: 64.97%

Volume: 624,300 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: Triangle, symmetrical continuation pattern from 10/19/2020 to 11/04/2020

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: Apparel

Industry RS rank: 15 out of 59

Stock RS rank: 172 out of 576

11/5/20 close: $13.33

1 Month avg volatility: $0.52. Volatility stop (for downward breakout): $15.44 or 15.8% above the close.

Change YTD: -10.24%

Volume: 30,337,100 shares. 3 month avg: 6,164,918 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: Dead-cat bounce continuation pattern from 11/05/2020 to 11/05/2020

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Homebuilding

Industry RS rank: 3 out of 59

Stock RS rank: 4 out of 576

11/5/20 close: $38.22

1 Month avg volatility: $2.20. Volatility stop (for upward breakout): $32.78 or 14.2% below the close.

Change YTD: 83.13%

Volume: 266,800 shares. 3 month avg: 1,539,280 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 10/19/2020 to 10/26/2020

WARNING: A dead-cat bounce occurred on 06/11/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 12/10/2020.

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: Natural Gas (Distributor)

Industry RS rank: 57 out of 59

Stock RS rank: 489 out of 576

11/5/20 close: $31.43

1 Month avg volatility: $1.02. Volatility stop (for downward breakout): $33.73 or 7.3% above the close.

Change YTD: -29.48%

Volume: 459,000 shares. 3 month avg: 632,043 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: Broadening top, right-angled and ascending reversal pattern from 10/14/2020 to 11/03/2020

Breakout 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.

 

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