As of 04/26/2024   Indus: 38,240 +153.86 +0.4%     Trans: 15,171 -126.01 -0.8%     Utils: 884 -10.33 -1.2%     Nasdaq: 15,928 +316.14 +2.0%     S&P 500: 5,100 +51.54 +1.0%	YTD  +1.5%   -4.6%    +0.3%    +6.1%    +6.9%	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 04/26/2024   Indus: 38,240 +153.86 +0.4%     Trans: 15,171 -126.01 -0.8%     Utils: 884 -10.33 -1.2%     Nasdaq: 15,928 +316.14 +2.0%     S&P 500: 5,100 +51.54 +1.0%	YTD  +1.5%   -4.6%    +0.3%    +6.1%    +6.9%
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 © 2021 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

Weekly screen for chart patterns ending between 04/22/2021 and 04/29/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Apparel

Industry RS rank: 4 out of 59

Stock RS rank: 24 out of 575

4/29/21 close: $37.70

1 Month avg volatility: $1.66. Volatility stop (for downward breakout): $42.56 or 12.9% above the close.

Change YTD: 85.17%

Volume: 1,465,000 shares. 3 month avg: 2,821,334 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: Triangle, descending reversal pattern from 04/15/2021 to 04/29/2021

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: Financial Services

Industry RS rank: 21 out of 59

Stock RS rank: 129 out of 575

4/29/21 close: $154.63

1 Month avg volatility: $2.73. Volatility stop (for downward breakout): $160.55 or 3.8% above the close.

Change YTD: 27.89%

Volume: 2,627,300 shares. 3 month avg: 3,419,958 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 04/05/2021 to 04/26/2021

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.

Industry: Building Materials

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

Industry RS rank: 19 out of 59

Stock RS rank: 373 out of 575

4/29/21 close: $102.22

1 Month avg volatility: $2.85. Volatility stop (for upward breakout): $96.12 or 6.0% below the close.

Change YTD: 8.92%

Volume: 65,500 shares. 3 month avg: 141,992 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 03/12/2021 to 04/29/2021

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: Medical Services

Industry RS rank: 49 out of 59

Stock RS rank: 540 out of 575

4/29/21 close: $60.59

1 Month avg volatility: $1.37. Volatility stop (for downward breakout): $63.66 or 5.1% above the close.

Change YTD: 0.93%

Volume: 5,715,200 shares. 3 month avg: 1,816,006 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: Double Top, Eve and Eve reversal pattern from 03/29/2021 to 04/26/2021

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: Semiconductor

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

Industry RS rank: 26 out of 59

Stock RS rank: 195 out of 575

4/29/21 close: $98.53

1 Month avg volatility: $5.21. Volatility stop (for downward breakout): $116.43 or 18.2% above the close.

Change YTD: -6.96%

Volume: 5,989,200 shares. 3 month avg: 2,005,123 shares.

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

 

Chart pattern: Double Top, Eve and Adam reversal pattern from 04/06/2021 to 04/27/2021

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: Internet

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

Industry RS rank: 39 out of 59

Stock RS rank: 517 out of 575

4/29/21 close: $56.07

1 Month avg volatility: $1.35. Volatility stop (for downward breakout): $60.04 or 7.1% above the close.

Change YTD: 11.58%

Volume: 31,008,100 shares. 3 month avg: 8,868,903 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: Head-and-shoulders top reversal pattern from 04/05/2021 to 04/28/2021

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: Electric Utility (West)

Industry RS rank: 53 out of 59

Stock RS rank: 523 out of 575

4/29/21 close: $58.86

1 Month avg volatility: $0.94. Volatility stop (for downward breakout): $61.26 or 4.1% above the close.

Change YTD: -6.30%

Volume: 1,338,700 shares. 3 month avg: 2,498,883 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 03/15/2021 to 04/28/2021

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.

Industry: Petroleum (Integrated)

Industry RS rank: 5 out of 59

Stock RS rank: 82 out of 575

4/29/21 close: $58.94

1 Month avg volatility: $1.13. Volatility stop (for upward breakout): $55.90 or 5.2% below the close.

Change YTD: 42.99%

Volume: 27,040,600 shares. 3 month avg: 15,538,298 shares.

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

 

Chart pattern: Broadening bottom reversal pattern from 03/31/2021 to 04/29/2021

Breakout is upward 53% of the time.

Average rise: 27%.

Break-even failure rate: 10%.

Throwbacks occur 41% of the time.

Price hits measure rule target 59% of the time.

Industry: Internet

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

Industry RS rank: 39 out of 59

Stock RS rank: 239 out of 575

4/29/21 close: $190.56

1 Month avg volatility: $4.42. Volatility stop (for upward breakout): $178.18 or 6.5% below the close.

Change YTD: 8.31%

Volume: 971,900 shares. 3 month avg: 847,706 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: Rectangle top continuation pattern from 04/08/2021 to 04/27/2021

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: Chemical (Specialty)

Industry RS rank: 50 out of 59

Stock RS rank: 308 out of 575

4/29/21 close: $16.95

1 Month avg volatility: $0.43. Volatility stop (for downward breakout): $17.97 or 6.0% above the close.

Change YTD: 15.86%

Volume: 209,400 shares. 3 month avg: 594,032 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: Broadening top, right-angled and ascending reversal pattern from 03/26/2021 to 04/29/2021

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.

Industry: Electric Utility (East)

Industry RS rank: 57 out of 59

Stock RS rank: 436 out of 575

4/29/21 close: $37.72

1 Month avg volatility: $0.54. Volatility stop (for upward breakout): $36.26 or 3.9% below the close.

Change YTD: 23.23%

Volume: 2,382,900 shares. 3 month avg: 4,155,280 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: Scallop, ascending continuation pattern from 03/16/2021 to 04/29/2021

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: Semiconductor

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

Industry RS rank: 26 out of 59

Stock RS rank: 250 out of 575

4/29/21 close: $39.22

1 Month avg volatility: $2.01. Volatility stop (for downward breakout): $48.91 or 24.7% above the close.

Change YTD: -8.83%

Volume: 1,813,700 shares. 3 month avg: 748,688 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: Dead-cat bounce continuation pattern from 04/29/2021 to 04/29/2021

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Trucking/Transp. Leasing

Industry RS rank: 13 out of 59

Stock RS rank: 203 out of 575

4/29/21 close: $88.30

1 Month avg volatility: $2.20. Volatility stop (for downward breakout): $93.59 or 6.0% above the close.

Change YTD: 14.91%

Volume: 99,700 shares. 3 month avg: 140,032 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, descending reversal pattern from 03/30/2021 to 04/29/2021

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: Retail (Special Lines)

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

Industry RS rank: 3 out of 59

Stock RS rank: 1 out of 575

4/29/21 close: $176.19

1 Month avg volatility: $15.93. Volatility stop (for upward breakout): $138.89 or 21.2% below the close.

Change YTD: 835.19%

Volume: 3,713,700 shares. 3 month avg: 3,063,175 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: Triangle, symmetrical continuation pattern from 03/25/2021 to 04/23/2021

WARNING: A dead-cat bounce occurred on 12/09/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 06/09/2021.

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: Metal Fabricating

Industry RS rank: 20 out of 59

Stock RS rank: 428 out of 575

4/29/21 close: $230.77

1 Month avg volatility: $2.89. Volatility stop (for upward breakout): $224.30 or 2.8% below the close.

Change YTD: 13.19%

Volume: 1,134,100 shares. 3 month avg: 1,139,580 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: Scallop, ascending continuation pattern from 03/29/2021 to 04/29/2021

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: Medical Services

Industry RS rank: 49 out of 59

Stock RS rank: 562 out of 575

4/29/21 close: $35.00

1 Month avg volatility: $2.21. Volatility stop (for upward breakout): $30.11 or 14.0% below the close.

Change YTD: -16.29%

Volume: 3,143,400 shares. 3 month avg: 321,822 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 03/30/2021 to 04/29/2021

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: Building Materials

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

Industry RS rank: 19 out of 59

Stock RS rank: 16 out of 575

4/29/21 close: $6.35

1 Month avg volatility: $0.40. Volatility stop (for downward breakout): $7.43 or 17.0% above the close.

Change YTD: 87.32%

Volume: 454,600 shares. 3 month avg: 278,209 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: Rising wedge reversal pattern from 03/16/2021 to 04/27/2021

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: Electric Utility (East)

Industry RS rank: 57 out of 59

Stock RS rank: 525 out of 575

4/29/21 close: $77.22

1 Month avg volatility: $1.27. Volatility stop (for downward breakout): $80.31 or 4.0% above the close.

Change YTD: 0.09%

Volume: 5,538,400 shares. 3 month avg: 1,582,705 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: Pipe top reversal pattern from 04/12/2021 to 04/19/2021

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: Shoe

Industry RS rank: 14 out of 59

Stock RS rank: 52 out of 575

4/29/21 close: $53.61

1 Month avg volatility: $3.20. Volatility stop (for downward breakout): $61.60 or 14.9% above the close.

Change YTD: 90.99%

Volume: 80,900 shares. 3 month avg: 41,775 shares.

This security may be thinly traded (less than 100k 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: Triple top reversal pattern from 04/05/2021 to 04/26/2021

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: IT Services

Industry RS rank: 40 out of 59

Stock RS rank: 522 out of 575

4/29/21 close: $505.00

1 Month avg volatility: $12.65. Volatility stop (for downward breakout): $556.10 or 10.1% above the close.

Change YTD: -8.25%

Volume: 8,653,500 shares. 3 month avg: 1,411,754 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 Top, Eve and Eve reversal pattern from 04/14/2021 to 04/27/2021

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: Semiconductor

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

Industry RS rank: 26 out of 59

Stock RS rank: 340 out of 575

4/29/21 close: $185.82

1 Month avg volatility: $3.40. Volatility stop (for upward breakout): $175.85 or 5.4% below the close.

Change YTD: 13.22%

Volume: 4,520,200 shares. 3 month avg: 4,332,837 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 wedge, descending reversal pattern from 04/05/2021 to 04/29/2021

Breakout is upward 79% of the time.

Average rise: 33%.

Break-even failure rate: 6%.

Throwbacks occur 53% of the time.

Price hits measure rule target 79% of the time.

Industry: Precision Instrument

Industry RS rank: 52 out of 59

Stock RS rank: 548 out of 575

4/29/21 close: $464.39

1 Month avg volatility: $9.18. Volatility stop (for downward breakout): $498.14 or 7.3% above the close.

Change YTD: -0.30%

Volume: 3,358,700 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 Friday.

 

Chart pattern: Double Top, Adam and Adam reversal pattern from 04/16/2021 to 04/27/2021

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 8%.

Pullbacks occur 61% of the time.

Price hits measure rule target 72% of the time.

Industry: Chemical (Basic)

Industry RS rank: 25 out of 59

Stock RS rank: 198 out of 575

4/29/21 close: $96.85

1 Month avg volatility: $2.53. Volatility stop (for upward breakout): $90.65 or 6.4% below the close.

Change YTD: 18.69%

Volume: 373,600 shares. 3 month avg: 812,517 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: Triangle, ascending reversal pattern from 03/18/2021 to 04/29/2021

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.

 

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