As of 04/15/2024   Indus: 37,735 -248.13 -0.7%     Trans: 15,388 -109.77 -0.7%     Utils: 849 -6.15 -0.7%     Nasdaq: 15,885 -290.07 -1.8%     S&P 500: 5,062 -61.59 -1.2%	YTD  +0.1%   -3.2%   -3.7%    +5.8%    +6.1%	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 04/15/2024   Indus: 37,735 -248.13 -0.7%     Trans: 15,388 -109.77 -0.7%     Utils: 849 -6.15 -0.7%     Nasdaq: 15,885 -290.07 -1.8%     S&P 500: 5,062 -61.59 -1.2%	YTD  +0.1%   -3.2%   -3.7%    +5.8%    +6.1%
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 11/12/2020 and 11/19/2020. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Chemical (Diversified)

Industry RS rank: 18 out of 59

Stock RS rank: 311 out of 576

11/19/20 close: $41.69

1 Month avg volatility: $1.37. Volatility stop (for upward breakout): $37.97 or 8.9% below the close.

Change YTD: -12.27%

Volume: 343,400 shares. 3 month avg: 325,852 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: Triangle, symmetrical continuation pattern from 10/29/2020 to 11/19/2020

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: 2 out of 59

Stock RS rank: 114 out of 576

11/19/20 close: $1.80

1 Month avg volatility: $0.13. Volatility stop (for upward breakout): $1.41 or 21.4% below the close.

Change YTD: -52.76%

Volume: 1,245,900 shares. 3 month avg: 2,783,222 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: Flag, high and tight continuation pattern from 10/01/2020 to 11/19/2020

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: Toiletries/Cosmetics

Industry RS rank: 30 out of 59

Stock RS rank: 25 out of 576

11/19/20 close: $6.25

1 Month avg volatility: $0.28. Volatility stop (for upward breakout): $5.17 or 17.3% below the close.

Change YTD: -44.44%

Volume: 54,800,000 shares. 3 month avg: 5,764,371 shares.

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

 

Chart pattern: Flag, high and tight continuation pattern from 09/29/2020 to 11/19/2020

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: Aerospace/Defense

Industry RS rank: 47 out of 59

Stock RS rank: 551 out of 576

11/19/20 close: $37.59

1 Month avg volatility: $1.18. Volatility stop (for downward breakout): $40.25 or 7.1% above the close.

Change YTD: -27.81%

Volume: 2,047,600 shares. 3 month avg: 1,165,460 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: Rising wedge reversal pattern from 10/23/2020 to 11/19/2020

Breakout is downward 69% of the time.

Average decline: 14%.

Break-even failure rate: 24%.

Pullbacks occur 63% of the time.

Price hits measure rule target 46% of the time.

Industry: Building Materials

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 23 out of 59

Stock RS rank: 255 out of 576

11/19/20 close: $20.97

1 Month avg volatility: $1.05. Volatility stop (for downward breakout): $23.17 or 10.5% above the close.

Change YTD: 3.15%

Volume: 290,400 shares. 3 month avg: 83,558 shares.

This security may be thinly traded (less than 100k 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: Dead-cat bounce continuation pattern from 11/13/2020 to 11/13/2020

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Homebuilding

Industry RS rank: 6 out of 59

Stock RS rank: 5 out of 576

11/19/20 close: $38.71

1 Month avg volatility: $2.47. Volatility stop (for downward breakout): $45.14 or 16.6% above the close.

Change YTD: 85.48%

Volume: 131,700 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: Rising wedge reversal pattern from 08/18/2020 to 11/19/2020

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 downward 69% of the time.

Average decline: 14%.

Break-even failure rate: 24%.

Pullbacks occur 63% of the time.

Price hits measure rule target 46% of the time.

Industry: Advertising

Industry RS rank: 45 out of 59

Stock RS rank: 238 out of 576

11/19/20 close: $21.59

1 Month avg volatility: $0.67. Volatility stop (for downward breakout): $22.97 or 6.4% above the close.

Change YTD: -6.54%

Volume: 2,657,000 shares. 3 month avg: 6,516,800 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: Diamond top reversal pattern from 11/09/2020 to 11/19/2020

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: Apparel

Industry RS rank: 2 out of 59

Stock RS rank: 4 out of 576

11/19/20 close: $39.55

1 Month avg volatility: $1.49. Volatility stop (for upward breakout): $34.61 or 12.5% below the close.

Change YTD: 118.27%

Volume: 15,595,300 shares. 3 month avg: 4,494,122 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: Rectangle top continuation pattern from 10/01/2020 to 11/18/2020

Breakout is upward 68% of the time.

Average rise: 39%.

Break-even failure rate: 9%.

Throwbacks occur 64% of the time.

Price hits measure rule target 80% of the time.

Industry: Cement and Aggregates

Industry RS rank: 8 out of 59

Stock RS rank: 105 out of 576

11/19/20 close: $269.55

1 Month avg volatility: $9.77. Volatility stop (for upward breakout): $246.88 or 8.4% below the close.

Change YTD: -3.61%

Volume: 279,200 shares. 3 month avg: 575,872 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 11/06/2020 to 11/19/2020

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: Oilfield Svcs/Equipment

Industry RS rank: 27 out of 59

Stock RS rank: 431 out of 576

11/19/20 close: $4.24

1 Month avg volatility: $0.25. Volatility stop (for upward breakout): $3.56 or 16.0% below the close.

Change YTD: -59.62%

Volume: 5,968,400 shares. 3 month avg: 3,925,269 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: Flag, high and tight continuation pattern from 10/29/2020 to 11/18/2020

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: Computer Software and Svcs

Industry RS rank: 42 out of 59

Stock RS rank: 402 out of 576

11/19/20 close: $296.90

1 Month avg volatility: $14.15. Volatility stop (for downward breakout): $330.75 or 11.4% above the close.

Change YTD: 76.02%

Volume: 1,151,200 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: Broadening top reversal pattern from 10/05/2020 to 11/13/2020

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: Shoe

Industry RS rank: 3 out of 59

Stock RS rank: 345 out of 576

11/19/20 close: $33.23

1 Month avg volatility: $1.51. Volatility stop (for downward breakout): $37.05 or 11.5% above the close.

Change YTD: -23.06%

Volume: 1,102,000 shares. 3 month avg: 3,234,920 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: Diamond top reversal pattern from 10/05/2020 to 11/19/2020

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: Natural Gas (Diversified)

Industry RS rank: 55 out of 59

Stock RS rank: 473 out of 576

11/19/20 close: $3.01

1 Month avg volatility: $0.21. Volatility stop (for downward breakout): $3.44 or 14.3% above the close.

Change YTD: 24.38%

Volume: 14,047,900 shares. 3 month avg: 16,683,949 shares.

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

 

Chart pattern: Broadening top reversal pattern from 10/09/2020 to 11/18/2020

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: Precision Instrument

Industry RS rank: 21 out of 59

Stock RS rank: 215 out of 576

11/19/20 close: $453.10

1 Month avg volatility: $15.01. Volatility stop (for downward breakout): $489.72 or 8.1% above the close.

Change YTD: 39.47%

Volume: 2,082,600 shares. 3 month avg: 1,572,766 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 11/02/2020 to 11/09/2020

Breakout 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: Oilfield Svcs/Equipment

Industry RS rank: 27 out of 59

Stock RS rank: 529 out of 576

11/19/20 close: $1.33

1 Month avg volatility: $0.09. Volatility stop (for upward breakout): $1.11 or 16.9% below the close.

Change YTD: -80.67%

Volume: 21,409,600 shares. 3 month avg: 13,612,100 shares.

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

 

Chart pattern: Flag, high and tight continuation pattern from 10/30/2020 to 11/19/2020

WARNING: A dead-cat bounce occurred on 08/20/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 02/18/2021.

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: Internet

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 37 out of 59

Stock RS rank: 527 out of 576

11/19/20 close: $197.44

1 Month avg volatility: $4.80. Volatility stop (for downward breakout): $208.16 or 5.4% above the close.

Change YTD: 2.47%

Volume: 531,200 shares. 3 month avg: 871,351 shares.

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

 

Chart pattern: Pipe top reversal pattern from 11/02/2020 to 11/09/2020

Breakout 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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