As of 04/18/2024
  Indus: 37,775 +22.07 +0.1%  
  Trans: 14,947 -39.62 -0.3%  
  Utils: 860 +6.95 +0.8%  
  Nasdaq: 15,602 -81.87 -0.5%  
  S&P 500: 5,011 -11.09 -0.2%  
YTD
 +0.2%  
-6.0%  
-2.4%  
 +3.9%  
 +5.1%  
  Targets    Overview: 04/12/2024  
  Up arrow39,800 or 37,150 by 05/01/2024
  Up arrow16,200 or 15,000 by 05/01/2024
  Up arrow885 or 850 by 05/01/2024
  Up arrow16,700 or 15,800 by 05/01/2024
  Up arrow5,250 or 5,025 by 05/01/2024
As of 04/18/2024
  Indus: 37,775 +22.07 +0.1%  
  Trans: 14,947 -39.62 -0.3%  
  Utils: 860 +6.95 +0.8%  
  Nasdaq: 15,602 -81.87 -0.5%  
  S&P 500: 5,011 -11.09 -0.2%  
YTD
 +0.2%  
-6.0%  
-2.4%  
 +3.9%  
 +5.1%  
  Targets    Overview: 04/12/2024  
  Up arrow39,800 or 37,150 by 05/01/2024
  Up arrow16,200 or 15,000 by 05/01/2024
  Up arrow885 or 850 by 05/01/2024
  Up arrow16,700 or 15,800 by 05/01/2024
  Up arrow5,250 or 5,025 by 05/01/2024

Patterns for the Weekend Details

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

 

Weekly screen for chart patterns ending between 01/28/2021 and 02/04/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Definitions
RS is relative strength (where 1 is best). For other definitions, see the glossary.
’Breakout is upward/downward 100% of the time’ means price breaks out up/down by definition, not by statistically measuring the rate.
All numbers assume a bull market and are based on the breakout direction that occurs most often.
For more information, consult my book, Encyclopedia of Chart Patterns.
 
Adobe Systems (ADBE)
Industry: Computer Software and Svcs
Industry RS rank: 27 out of 59
Stock RS rank: 419 out of 576
2/4/21 close: $489.38
1 Month avg volatility: $10.92. Volatility stop (for upward breakout): $460.07 or 6.0% below the close.
Change YTD: -2.15%
Volume: 2,000,900 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: Double Bottom, Adam and Eve reversal pattern from 01/19/2021 to 01/29/2021
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.

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Apogee Enterprises (APOG)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 29 out of 59
Stock RS rank: 52 out of 576
2/4/21 close: $36.56
1 Month avg volatility: $1.29. Volatility stop (for upward breakout): $33.35 or 8.8% below the close.
Change YTD: 15.40%
Volume: 184,600 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, ascending and inverted continuation pattern from 01/04/2021 to 02/01/2021
Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 4%.
Throwbacks occur 61% of the time.
Price hits measure rule target 61% of the time.

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DJ 15 Utilities (^DJU)
Industry: None
Industry RS rank: 35 out of 59
2/4/21 close: $867.61
1 Month avg volatility: $14.50. Volatility stop (for downward breakout): $897.68 or 3.5% above the close.
Change YTD: 0.34%
Volume: 42,443,500 shares. 3 month avg: 51,325,742 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 01/19/2021 to 02/01/2021
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.

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Flextronics International Ltd (FLEX)
Industry: Electronics
Industry RS rank: 5 out of 59
Stock RS rank: 65 out of 576
2/4/21 close: $18.89
1 Month avg volatility: $0.90. Volatility stop (for downward breakout): $20.75 or 9.8% above the close.
Change YTD: 5.06%
Volume: 4,134,600 shares. 3 month avg: 3,241,565 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: Diamond top reversal pattern from 01/08/2021 to 02/04/2021
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.

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IDEXX Laboratories, Inc (IDXX)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 41 out of 59
Stock RS rank: 241 out of 576
2/4/21 close: $494.00
1 Month avg volatility: $14.57. Volatility stop (for downward breakout): $524.26 or 6.1% above the close.
Change YTD: -1.17%
Volume: 438,500 shares. 3 month avg: 512,494 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: Broadening top reversal pattern from 12/28/2020 to 02/02/2021
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.

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Interpublic Group of Companies (IPG)
Industry: Advertising
Industry RS rank: 12 out of 59
Stock RS rank: 147 out of 576
2/4/21 close: $25.81
1 Month avg volatility: $0.65. Volatility stop (for downward breakout): $27.25 or 5.6% above the close.
Change YTD: 9.74%
Volume: 3,656,400 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: Broadening top reversal pattern from 01/14/2021 to 02/04/2021
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.

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Leidos Holdings Inc (LDOS)
Industry: IT Services
Industry RS rank: 30 out of 59
Stock RS rank: 300 out of 576
2/4/21 close: $107.27
1 Month avg volatility: $2.79. Volatility stop (for downward breakout): $112.84 or 5.2% above the close.
Change YTD: 2.05%
Volume: 851,100 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 top reversal pattern from 01/19/2021 to 01/25/2021
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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Nabors Industries, Ltd. (NBR)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 24 out of 59
Stock RS rank: 131 out of 576
2/4/21 close: $75.56
1 Month avg volatility: $4.73. Volatility stop (for upward breakout): $63.79 or 15.6% below the close.
Change YTD: 29.76%
Volume: 195,000 shares. 3 month avg: 10,861,705 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 01/19/2021 to 01/25/2021
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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NVidia Corp (NVDA)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 9 out of 59
Stock RS rank: 279 out of 576
2/4/21 close: $546.57
1 Month avg volatility: $16.56. Volatility stop (for upward breakout): $500.39 or 8.5% below the close.
Change YTD: 4.67%
Volume: 5,015,300 shares. 3 month avg: 15,363,712 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 01/07/2021 to 02/04/2021
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.

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PPG Industries Inc (PPG)
Industry: Chemical (Diversified)
Industry RS rank: 28 out of 59
Stock RS rank: 244 out of 576
2/4/21 close: $139.26
1 Month avg volatility: $3.60. Volatility stop (for upward breakout): $131.94 or 5.3% below the close.
Change YTD: -3.44%
Volume: 1,680,200 shares. 3 month avg: 1,342,054 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: Diamond bottom reversal pattern from 01/22/2021 to 02/04/2021
Breakout is upward 69% of the time.
Average rise: 36%.
Break-even failure rate: 4%.
Throwbacks occur 53% of the time.
Price hits measure rule target 81% of the time.

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PPL Corporation (PPL)
Industry: Electric Utility (East)
Industry RS rank: 48 out of 59
Stock RS rank: 459 out of 576
2/4/21 close: $27.90
1 Month avg volatility: $0.54. Volatility stop (for upward breakout): $26.53 or 4.9% below the close.
Change YTD: -1.06%
Volume: 3,637,300 shares. 3 month avg: 3,908,818 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 01/19/2021 to 02/04/2021
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.

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Qualcomm Inc. (QCOM)
Industry: Telecom. Equipment
Industry RS rank: 31 out of 59
Stock RS rank: 181 out of 576
2/4/21 close: $147.97
1 Month avg volatility: $4.59. Volatility stop (for downward breakout): $160.97 or 8.8% above the close.
Change YTD: -2.87%
Volume: 45,965,200 shares. 3 month avg: 12,234,022 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 Adam reversal pattern from 01/20/2021 to 02/03/2021
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.

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Southern Company (SO)
Industry: Electric Utility (East)
Industry RS rank: 48 out of 59
Stock RS rank: 378 out of 576
2/4/21 close: $60.34
1 Month avg volatility: $1.21. Volatility stop (for upward breakout): $57.04 or 5.5% below the close.
Change YTD: -1.77%
Volume: 3,220,700 shares. 3 month avg: 4,514,520 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: Channel from 11/19/2020 to 02/04/2021

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Southwestern Energy Company (SWN)
Industry: Natural Gas (Diversified)
Industry RS rank: 58 out of 59
Stock RS rank: 141 out of 576
2/4/21 close: $4.09
1 Month avg volatility: $0.27. Volatility stop (for upward breakout): $3.45 or 15.6% below the close.
Change YTD: 37.25%
Volume: 14,181,500 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: Channel from 11/11/2020 to 02/04/2021

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