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 © 2021 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

Weekly screen for chart patterns ending between 01/21/2021 and 01/28/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Medical Services

Industry RS rank: 41 out of 59

Stock RS rank: 573 out of 576

1/28/21 close: $10.33

1 Month avg volatility: $0.97. Volatility stop (for downward breakout): $16.93 or 63.9% above the close.

Change YTD: 36.28%

Volume: 3,331,400 shares. 3 month avg: 533,922 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: Dead-cat bounce continuation pattern from 01/28/2021 to 01/28/2021

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Building Materials

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

Industry RS rank: 31 out of 59

Stock RS rank: 68 out of 576

1/28/21 close: $35.73

1 Month avg volatility: $1.38. Volatility stop (for downward breakout): $40.24 or 12.6% above the close.

Change YTD: 12.78%

Volume: 196,400 shares. 3 month avg: 243,183 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: Scallop, descending and inverted continuation pattern from 01/04/2021 to 01/28/2021

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 10%.

Pullbacks occur 58% of the time.

Price hits measure rule target 38% of the time.

Industry: Packaging and Container

Industry RS rank: 28 out of 59

Stock RS rank: 357 out of 576

1/28/21 close: $135.25

1 Month avg volatility: $2.71. Volatility stop (for downward breakout): $141.21 or 4.4% above the close.

Change YTD: -1.20%

Volume: 165,700 shares. 3 month avg: 241,254 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: Diamond top reversal pattern from 01/14/2021 to 01/25/2021

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: Medical Supplies

Industry RS rank: 47 out of 59

Stock RS rank: 555 out of 576

1/28/21 close: $77.15

1 Month avg volatility: $1.68. Volatility stop (for downward breakout): $82.59 or 7.1% above the close.

Change YTD: -3.85%

Volume: 4,943,200 shares. 3 month avg: 2,457,589 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: Head-and-shoulders top reversal pattern from 12/17/2020 to 01/26/2021

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: Apparel

Industry RS rank: 2 out of 59

Stock RS rank: 66 out of 576

1/28/21 close: $2.25

1 Month avg volatility: $0.30. Volatility stop (for upward breakout): $1.57 or 30.2% below the close.

Change YTD: 41.51%

Volume: 11,281,800 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 12/15/2020 to 01/28/2021

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: Insurance (Prop/Casualty)

Industry RS rank: 45 out of 59

Stock RS rank: 474 out of 576

1/28/21 close: $85.63

1 Month avg volatility: $2.69. Volatility stop (for downward breakout): $91.67 or 7.1% above the close.

Change YTD: -1.99%

Volume: 702,000 shares. 3 month avg: 534,966 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 01/11/2021 to 01/19/2021

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: Computer Software and Svcs

Industry RS rank: 35 out of 59

Stock RS rank: 503 out of 576

1/28/21 close: $136.40

1 Month avg volatility: $4.02. Volatility stop (for upward breakout): $128.27 or 6.0% below the close.

Change YTD: 4.84%

Volume: 3,775,800 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, Eve and Adam reversal pattern from 01/06/2021 to 01/22/2021

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 4%.

Throwbacks occur 57% of the time.

Price hits measure rule target 66% of the time.

Industry: Natural Gas (Distributor)

Industry RS rank: 53 out of 59

Stock RS rank: 3 out of 576

1/28/21 close: $10.44

1 Month avg volatility: $1.07. Volatility stop (for upward breakout): $7.80 or 25.3% below the close.

Change YTD: 32.82%

Volume: 8,138,200 shares. 3 month avg: 1,021,160 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 12/03/2020 to 01/28/2021

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: Electric Utility (East)

Industry RS rank: 49 out of 59

Stock RS rank: 538 out of 576

1/28/21 close: $70.21

1 Month avg volatility: $1.52. Volatility stop (for upward breakout): $66.99 or 4.6% below the close.

Change YTD: -2.85%

Volume: 3,502,000 shares. 3 month avg: 1,605,666 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: Double Bottom, Eve and Adam reversal pattern from 01/12/2021 to 01/22/2021

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 4%.

Throwbacks occur 57% of the time.

Price hits measure rule target 66% of the time.

Industry: Shoe

Industry RS rank: 3 out of 59

Stock RS rank: 32 out of 576

1/28/21 close: $70.37

1 Month avg volatility: $3.27. Volatility stop (for downward breakout): $77.34 or 9.9% above the close.

Change YTD: 12.30%

Volume: 1,413,100 shares. 3 month avg: 1,230,068 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: Pipe top reversal pattern from 01/11/2021 to 01/19/2021

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: Securities Brokerage

Industry RS rank: 6 out of 59

Stock RS rank: 149 out of 576

1/28/21 close: $275.02

1 Month avg volatility: $7.60. Volatility stop (for downward breakout): $295.03 or 7.3% above the close.

Change YTD: 4.29%

Volume: 3,766,600 shares. 3 month avg: 2,673,269 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: Pipe top reversal pattern from 01/11/2021 to 01/19/2021

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: Furn/Home Furnishings

Industry RS rank: 17 out of 59

Stock RS rank: 431 out of 576

1/28/21 close: $42.35

1 Month avg volatility: $1.25. Volatility stop (for upward breakout): $39.52 or 6.7% below the close.

Change YTD: -4.40%

Volume: 862,600 shares. 3 month avg: 981,391 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: Rectangle top continuation pattern from 08/10/2020 to 01/28/2021

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: Building Materials

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

Industry RS rank: 31 out of 59

Stock RS rank: 6 out of 576

1/28/21 close: $3.40

1 Month avg volatility: $0.39. Volatility stop (for downward breakout): $4.56 or 34.2% above the close.

Change YTD: 0.29%

Volume: 230,000 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: Double Top, Eve and Adam reversal pattern from 01/11/2021 to 01/26/2021

Breakout is downward 100% of the time.

Average decline: 15%.

Break-even failure rate: 13%.

Pullbacks occur 64% of the time.

Price hits measure rule target 72% of the time.

Industry: Household Products

Industry RS rank: 55 out of 59

Stock RS rank: 133 out of 576

1/28/21 close: $24.48

1 Month avg volatility: $0.60. Volatility stop (for upward breakout): $23.17 or 5.3% below the close.

Change YTD: 15.31%

Volume: 3,595,700 shares. 3 month avg: 7,205,206 shares.

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

 

Chart pattern: Scallop, ascending continuation pattern from 12/04/2020 to 01/27/2021

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: Electric Utility (Central)

Industry RS rank: 57 out of 59

Stock RS rank: 546 out of 576

1/28/21 close: $22.17

1 Month avg volatility: $0.59. Volatility stop (for upward breakout): $20.10 or 9.3% below the close.

Change YTD: -3.36%

Volume: 4,140,700 shares. 3 month avg: 2,389,146 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 12/16/2020 to 01/26/2021

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 (Central)

Industry RS rank: 57 out of 59

Stock RS rank: 522 out of 576

1/28/21 close: $30.96

1 Month avg volatility: $0.70. Volatility stop (for downward breakout): $32.96 or 6.5% above the close.

Change YTD: -2.82%

Volume: 997,200 shares. 3 month avg: 1,006,480 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, descending reversal pattern from 10/29/2020 to 01/28/2021

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: Diversified Co.

Industry RS rank: 42 out of 59

Stock RS rank: 360 out of 576

1/28/21 close: $251.20

1 Month avg volatility: $6.40. Volatility stop (for downward breakout): $267.17 or 6.4% above the close.

Change YTD: 0.16%

Volume: 936,200 shares. 3 month avg: 805,498 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: Double Top, Eve and Eve reversal pattern from 01/13/2021 to 01/22/2021

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 11%.

Pullbacks occur 59% of the time.

Price hits measure rule target 73% of the time.

Industry: Natural Gas (Distributor)

Industry RS rank: 53 out of 59

Stock RS rank: 554 out of 576

1/28/21 close: $60.33

1 Month avg volatility: $1.56. Volatility stop (for upward breakout): $57.14 or 5.3% below the close.

Change YTD: -0.69%

Volume: 380,800 shares. 3 month avg: 213,628 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 descending continuation pattern from 12/29/2020 to 01/28/2021

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: Precision Instrument

Industry RS rank: 22 out of 59

Stock RS rank: 265 out of 576

1/28/21 close: $496.48

1 Month avg volatility: $11.47. Volatility stop (for downward breakout): $526.29 or 6.0% above the close.

Change YTD: 6.59%

Volume: 1,618,800 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: Double Top, Eve and Eve reversal pattern from 01/11/2021 to 01/25/2021

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 11%.

Pullbacks occur 59% of the time.

Price hits measure rule target 73% of the time.

Industry: Metals and Mining (Div.)

Industry RS rank: 30 out of 59

Stock RS rank: 12 out of 576

1/28/21 close: $8.58

1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $6.72 or 21.6% below the close.

Change YTD: 22.22%

Volume: 759,200 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 11/30/2020 to 01/28/2021

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: Healthcare Information

Industry RS rank: 26 out of 59

Stock RS rank: 424 out of 576

1/28/21 close: $280.00

1 Month avg volatility: $8.27. Volatility stop (for upward breakout): $260.20 or 7.1% below the close.

Change YTD: 2.85%

Volume: 774,400 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, ascending reversal pattern from 12/09/2020 to 01/28/2021

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: 7 out of 59

Stock RS rank: 43 out of 576

1/28/21 close: $128.85

1 Month avg volatility: $4.94. Volatility stop (for downward breakout): $141.20 or 9.6% above the close.

Change YTD: 2.65%

Volume: 217,500 shares. 3 month avg: 325,660 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: Pipe top reversal pattern from 01/11/2021 to 01/19/2021

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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