As of 04/22/2024   Indus: 38,240 +253.58 +0.7%     Trans: 15,224 +140.68 +0.9%     Utils: 883 +7.72 +0.9%     Nasdaq: 15,451 +169.30 +1.1%     S&P 500: 5,011 +43.37 +0.9%	YTD  +1.5%   -4.2%    +0.2%    +2.9%    +5.0%	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 04/22/2024   Indus: 38,240 +253.58 +0.7%     Trans: 15,224 +140.68 +0.9%     Utils: 883 +7.72 +0.9%     Nasdaq: 15,451 +169.30 +1.1%     S&P 500: 5,011 +43.37 +0.9%	YTD  +1.5%   -4.2%    +0.2%    +2.9%    +5.0%
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 11/26/2020 and 12/03/2020. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Computer Software and Svcs

Industry RS rank: 33 out of 59

Stock RS rank: 223 out of 577

12/3/20 close: $484.28

1 Month avg volatility: $12.61. Volatility stop (for upward breakout): $456.28 or 5.8% below the close.

Change YTD: 46.84%

Volume: 3,049,100 shares. 3 month avg: 3,137,863 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: Triangle, symmetrical continuation pattern from 10/13/2020 to 12/02/2020

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: Electric Utility (East)

Industry RS rank: 53 out of 59

Stock RS rank: 52 out of 577

12/3/20 close: $21.16

1 Month avg volatility: $0.61. Volatility stop (for upward breakout): $19.78 or 6.5% below the close.

Change YTD: 6.33%

Volume: 5,006,900 shares. 3 month avg: 5,494,342 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: Rectangle top continuation pattern from 11/10/2020 to 12/03/2020

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: Information Services

Industry RS rank: 48 out of 59

Stock RS rank: 70 out of 577

12/3/20 close: $82.45

1 Month avg volatility: $3.42. Volatility stop (for upward breakout): $71.50 or 13.3% below the close.

Change YTD: -26.52%

Volume: 1,022,500 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: Flag, high and tight continuation pattern from 10/28/2020 to 12/03/2020

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: Insurance (Prop/Casualty)

Industry RS rank: 42 out of 59

Stock RS rank: 440 out of 577

12/3/20 close: $103.83

1 Month avg volatility: $2.36. Volatility stop (for upward breakout): $97.97 or 5.6% below the close.

Change YTD: -7.67%

Volume: 1,433,500 shares. 3 month avg: 1,838,948 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: Flag continuation pattern from 11/25/2020 to 12/03/2020

Breakout is upward 54% of the time.

Average rise: 23%.

Break-even failure rate: 4%.

Throwbacks occur 43% of the time.

Price hits measure rule target 64% of the time.

Industry: Food Processing

Industry RS rank: 49 out of 59

Stock RS rank: 233 out of 577

12/3/20 close: $49.81

1 Month avg volatility: $1.11. Volatility stop (for upward breakout): $47.06 or 5.5% below the close.

Change YTD: 7.46%

Volume: 1,961,700 shares. 3 month avg: 3,092,757 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: Triangle, symmetrical continuation pattern from 10/23/2020 to 12/02/2020

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: Internet

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

Industry RS rank: 20 out of 59

Stock RS rank: 251 out of 577

12/3/20 close: $2,096.63

1 Month avg volatility: $64.90. Volatility stop (for upward breakout): $1,935.38 or 7.7% below the close.

Change YTD: 2.09%

Volume: 326,700 shares. 3 month avg: 441,478 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: Triangle, ascending reversal pattern from 11/09/2020 to 12/03/2020

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: Metals and Mining (Div.)

Industry RS rank: 26 out of 59

Stock RS rank: 27 out of 577

12/3/20 close: $11.19

1 Month avg volatility: $0.50. Volatility stop (for upward breakout): $9.80 or 12.4% below the close.

Change YTD: 48.90%

Volume: 1,167,800 shares. 3 month avg: 2,285,742 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: Rounding bottom continuation pattern from 09/14/2020 to 11/30/2020

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: 43%.

Break-even failure rate: 5%.

Throwbacks occur 40% of the time.

Price hits measure rule target 57% of the time.

Industry: Machinery

Industry RS rank: 32 out of 59

Stock RS rank: 263 out of 577

12/3/20 close: $39.18

1 Month avg volatility: $1.65. Volatility stop (for upward breakout): $35.23 or 10.1% below the close.

Change YTD: -2.12%

Volume: 60,300 shares. 3 month avg: 120,960 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: Triangle, ascending reversal pattern from 11/09/2020 to 12/02/2020

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: Electric Utility (Central)

Industry RS rank: 52 out of 59

Stock RS rank: 352 out of 577

12/3/20 close: $126.83

1 Month avg volatility: $2.92. Volatility stop (for downward breakout): $134.46 or 6.0% above the close.

Change YTD: -2.34%

Volume: 1,135,800 shares. 3 month avg: 979,609 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: Head-and-shoulders top reversal pattern from 11/10/2020 to 11/27/2020

Breakout is downward 100% of the time.

Average decline: 22%.

Break-even failure rate: 4%.

Pullbacks occur 50% of the time.

Price hits measure rule target 55% of the time.

Industry: E-Commerce

Industry RS rank: 35 out of 59

Stock RS rank: 240 out of 577

12/3/20 close: $281.85

1 Month avg volatility: $7.22. Volatility stop (for upward breakout): $266.64 or 5.4% below the close.

Change YTD: 37.32%

Volume: 12,739,500 shares. 3 month avg: 16,363,594 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: Triangle, symmetrical continuation pattern from 08/26/2020 to 12/03/2020

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: Building Materials

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

Industry RS rank: 37 out of 59

Stock RS rank: 51 out of 577

12/3/20 close: $7.10

1 Month avg volatility: $0.18. Volatility stop (for upward breakout): $6.20 or 12.7% below the close.

Change YTD: 17.94%

Volume: 77,600 shares. 3 month avg: 8,680 shares.

This security may be thinly traded (less than 100k 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: Rounding bottom continuation pattern from 09/02/2020 to 12/02/2020

Breakout is upward 100% of the time.

Average rise: 43%.

Break-even failure rate: 5%.

Throwbacks occur 40% of the time.

Price hits measure rule target 57% of the time.

Industry: Aerospace/Defense

Industry RS rank: 50 out of 59

Stock RS rank: 475 out of 577

12/3/20 close: $153.88

1 Month avg volatility: $3.12. Volatility stop (for upward breakout): $146.70 or 4.7% below the close.

Change YTD: -12.74%

Volume: 1,078,800 shares. 3 month avg: 1,076,035 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 11/12/2020 to 12/03/2020

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: Trucking/Transp. Leasing

Industry RS rank: 11 out of 59

Stock RS rank: 547 out of 577

12/3/20 close: $18.34

1 Month avg volatility: $0.45. Volatility stop (for downward breakout): $19.62 or 7.0% above the close.

Change YTD: -12.87%

Volume: 306,300 shares. 3 month avg: 472,148 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: Triangle, descending reversal pattern from 09/22/2020 to 12/03/2020

Breakout is downward 64% of the time.

Average decline: 16%.

Break-even failure rate: 16%.

Pullbacks occur 54% of the time.

Price hits measure rule target 54% of the time.

Industry: Aerospace/Defense

Industry RS rank: 50 out of 59

Stock RS rank: 132 out of 577

12/3/20 close: $208.22

1 Month avg volatility: $4.42. Volatility stop (for upward breakout): $197.56 or 5.1% below the close.

Change YTD: 17.64%

Volume: 2,769,400 shares. 3 month avg: 2,744,942 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 11/09/2020 to 12/03/2020

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: Electronics

Industry RS rank: 18 out of 59

Stock RS rank: 524 out of 577

12/3/20 close: $75.82

1 Month avg volatility: $2.84. Volatility stop (for downward breakout): $82.28 or 8.5% above the close.

Change YTD: -5.73%

Volume: 253,500 shares. 3 month avg: 175,968 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 11/10/2020 to 12/01/2020

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: Retail Store

Industry RS rank: 15 out of 59

Stock RS rank: 29 out of 577

12/3/20 close: $38.63

1 Month avg volatility: $1.76. Volatility stop (for upward breakout): $34.77 or 10.0% below the close.

Change YTD: -24.18%

Volume: 7,433,700 shares. 3 month avg: 4,163,043 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: Flag, high and tight continuation pattern from 10/01/2020 to 12/03/2020

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: Medical Services

Industry RS rank: 38 out of 59

Stock RS rank: 380 out of 577

12/3/20 close: $196.64

1 Month avg volatility: $5.77. Volatility stop (for downward breakout): $211.97 or 7.8% above the close.

Change YTD: 16.24%

Volume: 809,800 shares. 3 month avg: 674,168 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: Triangle, descending reversal pattern from 11/11/2020 to 12/03/2020

Breakout is downward 64% of the time.

Average decline: 16%.

Break-even failure rate: 16%.

Pullbacks occur 54% of the time.

Price hits measure rule target 54% of the time.

Industry: Building Materials

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

Industry RS rank: 37 out of 59

Stock RS rank: 6 out of 577

12/3/20 close: $2.88

1 Month avg volatility: $0.16. Volatility stop (for upward breakout): $2.43 or 15.7% below the close.

Change YTD: -31.43%

Volume: 145,000 shares. 3 month avg: 278,209 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 10/06/2020 to 12/03/2020

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: Semiconductor

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

Industry RS rank: 3 out of 59

Stock RS rank: 118 out of 577

12/3/20 close: $46.25

1 Month avg volatility: $1.68. Volatility stop (for upward breakout): $41.44 or 10.4% below the close.

Change YTD: 73.87%

Volume: 407,200 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: Scallop, ascending continuation pattern from 11/09/2020 to 12/03/2020

Breakout is upward 80% of the time.

Average rise: 31%.

Break-even failure rate: 10%.

Throwbacks occur 58% of the time.

Price hits measure rule target 58% of the time.

Industry: Advertising

Industry RS rank: 34 out of 59

Stock RS rank: 81 out of 577

12/3/20 close: $2.35

1 Month avg volatility: $0.10. Volatility stop (for upward breakout): $1.92 or 18.2% below the close.

Change YTD: -37.83%

Volume: 119,500 shares. 3 month avg: 97,160 shares.

This security may be thinly traded (less than 100k 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: Cup with handle continuation pattern from 10/09/2020 to 12/02/2020

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 5%.

Throwbacks occur 58% of the time.

Price hits measure rule target 50% of the time.

Industry: Trucking/Transp. Leasing

Industry RS rank: 11 out of 59

Stock RS rank: 471 out of 577

12/3/20 close: $16.96

1 Month avg volatility: $0.61. Volatility stop (for downward breakout): $18.44 or 8.7% above the close.

Change YTD: 18.38%

Volume: 400,700 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 11/16/2020 to 11/23/2020

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: Packaging and Container

Industry RS rank: 22 out of 59

Stock RS rank: 241 out of 577

12/3/20 close: $131.54

1 Month avg volatility: $3.39. Volatility stop (for upward breakout): $124.39 or 5.4% below the close.

Change YTD: 17.46%

Volume: 469,000 shares. 3 month avg: 777,560 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 11/17/2020 to 12/03/2020

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: Drug

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

Industry RS rank: 44 out of 59

Stock RS rank: 373 out of 577

12/3/20 close: $40.09

1 Month avg volatility: $1.16. Volatility stop (for upward breakout): $37.20 or 7.2% below the close.

Change YTD: 2.32%

Volume: 67,381,400 shares. 3 month avg: 16,141,055 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: Pipe bottom reversal pattern from 11/16/2020 to 11/23/2020

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: 55 out of 59

Stock RS rank: 413 out of 577

12/3/20 close: $12.60

1 Month avg volatility: $0.37. Volatility stop (for upward breakout): $11.75 or 6.7% below the close.

Change YTD: 15.92%

Volume: 13,069,700 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: Pennant continuation pattern from 11/23/2020 to 12/03/2020

Breakout is upward 61% of the time.

Average rise: 25%.

Break-even failure rate: 2%.

Throwbacks occur 47% of the time.

Price hits measure rule target 60% of the time.

Industry: Healthcare Information

Industry RS rank: 21 out of 59

Stock RS rank: 458 out of 577

12/3/20 close: $34.68

1 Month avg volatility: $1.09. Volatility stop (for downward breakout): $37.28 or 7.5% above the close.

Change YTD: -8.45%

Volume: 815,500 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: Horn top reversal pattern from 11/23/2020 to 11/30/2020

Breakout is downward 100% of the time.

Average decline: 21%.

Break-even failure rate: 7%.

Pullbacks occur 33% of the time.

Price hits measure rule target 70% of the time.

Industry: Toiletries/Cosmetics

Industry RS rank: 30 out of 59

Stock RS rank: 517 out of 577

12/3/20 close: $9.80

1 Month avg volatility: $0.56. Volatility stop (for upward breakout): $7.93 or 19.1% below the close.

Change YTD: -45.16%

Volume: 1,212,600 shares. 3 month avg: 193,511 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: Flag, high and tight continuation pattern from 11/02/2020 to 12/03/2020

WARNING: A dead-cat bounce occurred on 08/31/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 03/01/2021.

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: Toiletries/Cosmetics

Industry RS rank: 30 out of 59

Stock RS rank: 86 out of 577

12/3/20 close: $15.36

1 Month avg volatility: $1.68. Volatility stop (for upward breakout): $9.42 or 38.7% below the close.

Change YTD: -28.29%

Volume: 1,570,100 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 Wednesday.

 

Chart pattern: Flag, high and tight continuation pattern from 11/02/2020 to 12/03/2020

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: Drug

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

Industry RS rank: 44 out of 59

Stock RS rank: 568 out of 577

12/3/20 close: $9.98

1 Month avg volatility: $0.35. Volatility stop (for upward breakout): $8.93 or 10.5% below the close.

Change YTD: 1.84%

Volume: 8,020,100 shares. 3 month avg: 26,334,894 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: Head-and-shoulders complex bottom reversal pattern from 08/25/2020 to 12/02/2020

Breakout is upward 100% of the time.

Average rise: 39%.

Break-even failure rate: 4%.

Throwbacks occur 63% of the time.

Price hits measure rule target 74% of the time.

 

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