As of 04/17/2024   Indus: 37,753 -45.66 -0.1%     Trans: 14,987 -259.68 -1.7%     Utils: 853 +17.82 +2.1%     Nasdaq: 15,683 -181.88 -1.1%     S&P 500: 5,022 -29.20 -0.6%	YTD  +0.2%   -5.7%   -3.2%    +4.5%    +5.3%	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 04/17/2024   Indus: 37,753 -45.66 -0.1%     Trans: 14,987 -259.68 -1.7%     Utils: 853 +17.82 +2.1%     Nasdaq: 15,683 -181.88 -1.1%     S&P 500: 5,022 -29.20 -0.6%	YTD  +0.2%   -5.7%   -3.2%    +4.5%    +5.3%
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 08/05/2021 and 08/12/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Electric Utility (Central)

Industry RS rank: 33 out of 60

Stock RS rank: 267 out of 572

8/12/21 close: $88.95

1 Month avg volatility: $1.49. Volatility stop (for downward breakout): $92.47 or 4.0% above the close.

Change YTD: 6.82%

Volume: 1,611,100 shares. 3 month avg: 2,150,485 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 07/28/2021 to 08/12/2021

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: Building Materials

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

Industry RS rank: 28 out of 60

Stock RS rank: 542 out of 572

8/12/21 close: $77.47

1 Month avg volatility: $1.93. Volatility stop (for upward breakout): $72.92 or 5.9% below the close.

Change YTD: -17.45%

Volume: 89,300 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: Double Bottom, Eve and Eve reversal pattern from 07/19/2021 to 08/09/2021

Breakout is upward 100% of the time.

Average rise: 40%.

Break-even failure rate: 4%.

Throwbacks occur 55% of the time.

Price hits measure rule target 67% of the time.

Industry: Precision Instrument

Industry RS rank: 12 out of 60

Stock RS rank: 421 out of 572

8/12/21 close: $104.62

1 Month avg volatility: $2.28. Volatility stop (for downward breakout): $109.28 or 4.5% above the close.

Change YTD: 11.23%

Volume: 73,300 shares. 3 month avg: 149,246 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: Rising wedge reversal pattern from 07/19/2021 to 08/12/2021

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: None

Industry RS rank: 30 out of 60

8/12/21 close: $14,900.48

1 Month avg volatility: $220.53. Volatility stop (for upward breakout): $14,323.42 or 3.9% below the close.

Change YTD: 19.14%

Volume: 84,081,600 shares. 3 month avg: 95,141,040 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 07/19/2021 to 08/09/2021

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: Apparel

Industry RS rank: 18 out of 60

Stock RS rank: 69 out of 572

8/12/21 close: $30.00

1 Month avg volatility: $1.30. Volatility stop (for upward breakout): $26.96 or 10.1% below the close.

Change YTD: 48.59%

Volume: 4,513,200 shares. 3 month avg: 5,662,882 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: Horn bottom reversal pattern from 07/19/2021 to 08/02/2021

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 9%.

Throwbacks occur 29% of the time.

Price hits measure rule target 76% of the time.

Industry: Biotechnology

Industry RS rank: 34 out of 60

Stock RS rank: 365 out of 572

8/12/21 close: $70.88

1 Month avg volatility: $1.03. Volatility stop (for upward breakout): $67.69 or 4.5% below the close.

Change YTD: 21.66%

Volume: 5,902,800 shares. 3 month avg: 8,272,228 shares.

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

 

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 08/02/2021 to 08/10/2021

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 5%.

Throwbacks occur 64% of the time.

Price hits measure rule target 66% of the time.

Industry: Medical Supplies

Industry RS rank: 20 out of 60

Stock RS rank: 463 out of 572

8/12/21 close: $76.81

1 Month avg volatility: $1.51. Volatility stop (for upward breakout): $73.61 or 4.2% below the close.

Change YTD: 5.46%

Volume: 1,208,000 shares. 3 month avg: 3,130,522 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: Cup with handle continuation pattern from 04/13/2021 to 08/12/2021

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: Electronics

Industry RS rank: 56 out of 60

Stock RS rank: 245 out of 572

8/12/21 close: $91.80

1 Month avg volatility: $2.84. Volatility stop (for downward breakout): $97.57 or 6.3% above the close.

Change YTD: 13.07%

Volume: 161,100 shares. 3 month avg: 128,783 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 07/26/2021 to 08/02/2021

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: Metals and Mining (Div.)

Industry RS rank: 39 out of 60

Stock RS rank: 174 out of 572

8/12/21 close: $127.64

1 Month avg volatility: $4.86. Volatility stop (for upward breakout): $115.62 or 9.4% below the close.

Change YTD: 29.06%

Volume: 47,700 shares. 3 month avg: 141,669 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: Ugly double bottom reversal pattern from 07/22/2021 to 08/10/2021

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 8%.

Throwbacks occur 59% of the time.

Price hits measure rule target 76% of the time.

Industry: Furn/Home Furnishings

Industry RS rank: 7 out of 60

Stock RS rank: 502 out of 572

8/12/21 close: $36.44

1 Month avg volatility: $0.92. Volatility stop (for upward breakout): $33.68 or 7.6% below the close.

Change YTD: -8.53%

Volume: 359,000 shares. 3 month avg: 437,505 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, ascending reversal pattern from 07/19/2021 to 08/06/2021

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: Petroleum (Integrated)

Industry RS rank: 26 out of 60

Stock RS rank: 51 out of 572

8/12/21 close: $12.40

1 Month avg volatility: $0.50. Volatility stop (for upward breakout): $11.13 or 10.3% below the close.

Change YTD: 85.91%

Volume: 8,893,000 shares. 3 month avg: 12,845,475 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: Horn bottom reversal pattern from 07/19/2021 to 08/02/2021

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 9%.

Throwbacks occur 29% of the time.

Price hits measure rule target 76% of the time.

Industry: Telecom. Equipment

Industry RS rank: 53 out of 60

Stock RS rank: 530 out of 572

8/12/21 close: $35.36

1 Month avg volatility: $1.15. Volatility stop (for upward breakout): $32.65 or 7.7% below the close.

Change YTD: -12.97%

Volume: 207,300 shares. 3 month avg: 452,812 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: Ugly double bottom reversal pattern from 07/22/2021 to 08/09/2021

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 8%.

Throwbacks occur 59% of the time.

Price hits measure rule target 76% of the time.

Industry: Natural Gas (Distributor)

Industry RS rank: 35 out of 60

Stock RS rank: 399 out of 572

8/12/21 close: $38.48

1 Month avg volatility: $0.87. Volatility stop (for upward breakout): $36.53 or 5.1% below the close.

Change YTD: 8.24%

Volume: 289,700 shares. 3 month avg: 632,043 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 07/12/2021 to 08/12/2021

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 (East)

Industry RS rank: 46 out of 60

Stock RS rank: 443 out of 572

8/12/21 close: $83.00

1 Month avg volatility: $1.28. Volatility stop (for upward breakout): $79.28 or 4.5% below the close.

Change YTD: 7.58%

Volume: 6,762,200 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: Rounding bottom continuation pattern from 04/16/2021 to 08/11/2021

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: Electric Utility (Central)

Industry RS rank: 33 out of 60

Stock RS rank: 244 out of 572

8/12/21 close: $25.29

1 Month avg volatility: $0.45. Volatility stop (for upward breakout): $24.32 or 3.9% below the close.

Change YTD: 10.24%

Volume: 1,719,600 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 06/15/2021 to 08/12/2021

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: Aerospace/Defense

Industry RS rank: 23 out of 60

Stock RS rank: 165 out of 572

8/12/21 close: $363.86

1 Month avg volatility: $5.08. Volatility stop (for upward breakout): $350.85 or 3.6% below the close.

Change YTD: 19.41%

Volume: 506,400 shares. 3 month avg: 756,831 shares.

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

 

Chart pattern: Triangle, symmetrical continuation pattern from 07/13/2021 to 08/12/2021

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 (West)

Industry RS rank: 40 out of 60

Stock RS rank: 191 out of 572

8/12/21 close: $50.22

1 Month avg volatility: $0.91. Volatility stop (for upward breakout): $48.19 or 4.0% below the close.

Change YTD: 17.42%

Volume: 226,900 shares. 3 month avg: 771,474 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 bottom reversal pattern from 05/14/2021 to 08/06/2021

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: Chemical (Diversified)

Industry RS rank: 11 out of 60

Stock RS rank: 124 out of 572

8/12/21 close: $170.39

1 Month avg volatility: $2.97. Volatility stop (for upward breakout): $161.92 or 5.0% below the close.

Change YTD: 18.15%

Volume: 906,200 shares. 3 month avg: 1,342,054 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: Ugly double bottom reversal pattern from 07/20/2021 to 08/09/2021

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 8%.

Throwbacks occur 59% of the time.

Price hits measure rule target 76% of the time.

Industry: Homebuilding

Industry RS rank: 19 out of 60

Stock RS rank: 308 out of 572

8/12/21 close: $60.77

1 Month avg volatility: $1.63. Volatility stop (for upward breakout): $56.67 or 6.8% below the close.

Change YTD: 39.80%

Volume: 1,294,500 shares. 3 month avg: 2,237,614 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: Ugly double bottom reversal pattern from 07/19/2021 to 08/10/2021

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 8%.

Throwbacks occur 59% of the time.

Price hits measure rule target 76% of the time.

Industry: Electric Utility (West)

Industry RS rank: 40 out of 60

Stock RS rank: 282 out of 572

8/12/21 close: $68.79

1 Month avg volatility: $1.11. Volatility stop (for upward breakout): $66.35 or 3.5% below the close.

Change YTD: 3.18%

Volume: 2,074,500 shares. 3 month avg: 3,202,808 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, symmetrical continuation pattern from 07/19/2021 to 08/12/2021

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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