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 08/26/2021 and 09/02/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Telecom. Equipment

Industry RS rank: 48 out of 60

Stock RS rank: 137 out of 572

9/2/21 close: $20.72

1 Month avg volatility: $0.85. Volatility stop (for downward breakout): $22.58 or 9.0% above the close.

Change YTD: 40.28%

Volume: 611,600 shares. 3 month avg: 348,746 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 Top, Adam and Adam reversal pattern from 08/09/2021 to 08/27/2021

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: Electric Utility (East)

Industry RS rank: 23 out of 60

Stock RS rank: 498 out of 572

9/2/21 close: $24.53

1 Month avg volatility: $0.53. Volatility stop (for upward breakout): $23.05 or 6.0% below the close.

Change YTD: 4.38%

Volume: 3,207,900 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 Friday.

 

Chart pattern: Triangle, symmetrical continuation pattern from 08/04/2021 to 08/31/2021

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: 32 out of 60

Stock RS rank: 28 out of 572

9/2/21 close: $46.91

1 Month avg volatility: $1.90. Volatility stop (for upward breakout): $42.10 or 10.3% below the close.

Change YTD: 103.51%

Volume: 8,367,000 shares. 3 month avg: 8,355,648 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: Pipe bottom reversal pattern from 08/16/2021 to 08/23/2021

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.

Industry: Medical Services

Industry RS rank: 39 out of 60

Stock RS rank: 152 out of 572

9/2/21 close: $382.94

1 Month avg volatility: $7.08. Volatility stop (for upward breakout): $355.91 or 7.1% below the close.

Change YTD: 19.26%

Volume: 1,306,200 shares. 3 month avg: 1,801,302 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 Adam reversal pattern from 08/13/2021 to 09/01/2021

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: Insurance (Prop/Casualty)

Industry RS rank: 31 out of 60

Stock RS rank: 321 out of 572

9/2/21 close: $39.61

1 Month avg volatility: $0.65. Volatility stop (for upward breakout): $38.15 or 3.7% below the close.

Change YTD: 9.81%

Volume: 1,739,600 shares. 3 month avg: 517,168 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 and inverted continuation pattern from 07/19/2021 to 09/02/2021

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.

Industry: IT Services

Industry RS rank: 8 out of 60

Stock RS rank: 195 out of 572

9/2/21 close: $206.53

1 Month avg volatility: $2.47. Volatility stop (for upward breakout): $200.55 or 2.9% below the close.

Change YTD: 17.21%

Volume: 1,126,300 shares. 3 month avg: 2,140,888 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: Falling wedge from 08/16/2021 to 09/02/2021

Breakout is upward 68% of the time.

Average rise: 32%.

Break-even failure rate: 11%.

Throwbacks occur 56% of the time.

Price hits measure rule target 70% of the time.

Industry: Semiconductor Cap Equip.

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

Industry RS rank: 34 out of 60

Stock RS rank: 382 out of 572

9/2/21 close: $85.72

1 Month avg volatility: $2.46. Volatility stop (for upward breakout): $79.87 or 6.8% below the close.

Change YTD: 26.34%

Volume: 251,300 shares. 3 month avg: 448,778 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: Pipe bottom reversal pattern from 08/16/2021 to 08/23/2021

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.

Industry: Natural Gas (Diversified)

Industry RS rank: 30 out of 60

Stock RS rank: 493 out of 572

9/2/21 close: $17.35

1 Month avg volatility: $0.49. Volatility stop (for upward breakout): $15.45 or 10.9% below the close.

Change YTD: 6.57%

Volume: 15,490,300 shares. 3 month avg: 5,196,143 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: Pipe bottom reversal pattern from 08/16/2021 to 08/23/2021

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.

Industry: Apparel

Industry RS rank: 55 out of 60

Stock RS rank: 5 out of 572

9/2/21 close: $4.99

1 Month avg volatility: $0.39. Volatility stop (for downward breakout): $5.92 or 18.5% above the close.

Change YTD: 213.84%

Volume: 2,048,800 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: Horn top reversal pattern from 08/09/2021 to 08/23/2021

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: Telecom. Equipment

Industry RS rank: 48 out of 60

Stock RS rank: 227 out of 572

9/2/21 close: $58.51

1 Month avg volatility: $0.92. Volatility stop (for upward breakout): $54.17 or 7.4% below the close.

Change YTD: 10.71%

Volume: 2,996,800 shares. 3 month avg: 3,226,991 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 05/28/2021 to 09/01/2021

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: Telecom. Equipment

Industry RS rank: 48 out of 60

Stock RS rank: 512 out of 572

9/2/21 close: $25.66

1 Month avg volatility: $0.84. Volatility stop (for upward breakout): $23.50 or 8.4% below the close.

Change YTD: 24.02%

Volume: 109,000 shares. 3 month avg: 255,535 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: Triangle, symmetrical continuation pattern from 06/10/2021 to 09/02/2021

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: Retail (Special Lines)

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

Industry RS rank: 2 out of 60

Stock RS rank: 10 out of 572

9/2/21 close: $24.93

1 Month avg volatility: $1.32. Volatility stop (for upward breakout): $22.26 or 10.7% below the close.

Change YTD: 113.26%

Volume: 712,000 shares. 3 month avg: 567,568 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 08/16/2021 to 08/23/2021

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.

Industry: Natural Gas (Diversified)

Industry RS rank: 30 out of 60

Stock RS rank: 83 out of 572

9/2/21 close: $29.32

1 Month avg volatility: $1.05. Volatility stop (for upward breakout): $26.49 or 9.6% below the close.

Change YTD: 85.45%

Volume: 11,677,200 shares. 3 month avg: 4,704,349 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: Broadening bottom reversal pattern from 07/29/2021 to 08/30/2021

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: Financial Services

Industry RS rank: 49 out of 60

Stock RS rank: 91 out of 572

9/2/21 close: $124.06

1 Month avg volatility: $3.14. Volatility stop (for downward breakout): $131.81 or 6.3% above the close.

Change YTD: 37.04%

Volume: 1,568,400 shares. 3 month avg: 2,443,809 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: Double Top, Eve and Eve reversal pattern from 08/13/2021 to 08/30/2021

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: Chemical (Basic)

Industry RS rank: 45 out of 60

Stock RS rank: 492 out of 572

9/2/21 close: $96.66

1 Month avg volatility: $2.30. Volatility stop (for upward breakout): $90.09 or 6.8% below the close.

Change YTD: -15.90%

Volume: 1,023,000 shares. 3 month avg: 1,151,138 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 bottom reversal pattern from 08/16/2021 to 08/23/2021

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.

Industry: Apparel

Industry RS rank: 55 out of 60

Stock RS rank: 434 out of 572

9/2/21 close: $25.68

1 Month avg volatility: $1.19. Volatility stop (for upward breakout): $23.25 or 9.4% below the close.

Change YTD: 27.19%

Volume: 7,421,600 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: Falling wedge from 08/04/2021 to 09/02/2021

Breakout is upward 68% of the time.

Average rise: 32%.

Break-even failure rate: 11%.

Throwbacks occur 56% of the time.

Price hits measure rule target 70% of the time.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 31 out of 60

Stock RS rank: 214 out of 572

9/2/21 close: $140.96

1 Month avg volatility: $2.03. Volatility stop (for downward breakout): $145.95 or 3.5% above the close.

Change YTD: 20.56%

Volume: 174,700 shares. 3 month avg: 201,215 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: Diamond top reversal pattern from 08/12/2021 to 09/02/2021

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: Furn/Home Furnishings

Industry RS rank: 25 out of 60

Stock RS rank: 446 out of 572

9/2/21 close: $37.67

1 Month avg volatility: $0.84. Volatility stop (for upward breakout): $35.89 or 4.7% below the close.

Change YTD: 9.32%

Volume: 121,800 shares. 3 month avg: 239,735 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, symmetrical continuation pattern from 07/29/2021 to 09/02/2021

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: Machinery

Industry RS rank: 47 out of 60

Stock RS rank: 270 out of 572

9/2/21 close: $224.22

1 Month avg volatility: $2.99. Volatility stop (for upward breakout): $215.35 or 4.0% below the close.

Change YTD: 12.56%

Volume: 602,200 shares. 3 month avg: 279,572 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 07/21/2021 to 09/02/2021

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: IT Services

Industry RS rank: 8 out of 60

Stock RS rank: 228 out of 572

9/2/21 close: $176.23

1 Month avg volatility: $3.19. Volatility stop (for downward breakout): $184.78 or 4.9% above the close.

Change YTD: 8.79%

Volume: 287,400 shares. 3 month avg: 329,005 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: Diamond top reversal pattern from 08/09/2021 to 08/27/2021

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: Semiconductor Cap Equip.

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

Industry RS rank: 34 out of 60

Stock RS rank: 324 out of 572

9/2/21 close: $602.10

1 Month avg volatility: $14.98. Volatility stop (for downward breakout): $637.82 or 5.9% above the close.

Change YTD: 27.49%

Volume: 856,800 shares. 3 month avg: 2,565,394 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: Scallop, descending continuation pattern from 08/04/2021 to 08/30/2021

Breakout is downward 66% of the time.

Average decline: 17%.

Break-even failure rate: 15%.

Pullbacks occur 55% of the time.

Price hits measure rule target 30% of the time.

Industry: Homebuilding

Industry RS rank: 14 out of 60

Stock RS rank: 70 out of 572

9/2/21 close: $107.52

1 Month avg volatility: $2.70. Volatility stop (for downward breakout): $114.96 or 6.9% above the close.

Change YTD: 41.05%

Volume: 1,558,600 shares. 3 month avg: 3,465,638 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 07/30/2021 to 08/31/2021

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: Retail Store

Industry RS rank: 4 out of 60

Stock RS rank: 42 out of 572

9/2/21 close: $22.65

1 Month avg volatility: $1.03. Volatility stop (for upward breakout): $20.34 or 10.2% below the close.

Change YTD: 101.33%

Volume: 13,590,800 shares. 3 month avg: 14,056,392 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: Pennant continuation pattern from 08/25/2021 to 09/01/2021

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: Advertising

Industry RS rank: 20 out of 60

Stock RS rank: 387 out of 572

9/2/21 close: $3.15

1 Month avg volatility: $0.15. Volatility stop (for upward breakout): $2.85 or 9.5% below the close.

Change YTD: 60.71%

Volume: 138,700 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: Scallop, ascending continuation pattern from 08/12/2021 to 08/31/2021

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: Human Resources

Industry RS rank: 7 out of 60

Stock RS rank: 146 out of 572

9/2/21 close: $113.84

1 Month avg volatility: $2.46. Volatility stop (for upward breakout): $107.67 or 5.4% below the close.

Change YTD: 36.29%

Volume: 189,900 shares. 3 month avg: 295,840 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: Cup with handle continuation pattern from 04/29/2021 to 08/27/2021

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: Drug

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

Industry RS rank: 9 out of 60

Stock RS rank: 62 out of 572

9/2/21 close: $46.84

1 Month avg volatility: $1.31. Volatility stop (for downward breakout): $49.49 or 5.7% above the close.

Change YTD: 27.25%

Volume: 25,857,100 shares. 3 month avg: 24,885,588 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 top reversal pattern from 08/16/2021 to 08/23/2021

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: Chemical (Specialty)

Industry RS rank: 56 out of 60

Stock RS rank: 467 out of 572

9/2/21 close: $261.51

1 Month avg volatility: $5.47. Volatility stop (for upward breakout): $246.32 or 5.8% below the close.

Change YTD: 3.20%

Volume: 33,900 shares. 3 month avg: 69,343 shares.

This security may be thinly traded (less than 100k 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 bottom reversal pattern from 08/16/2021 to 08/23/2021

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.

Industry: Natural Gas (Diversified)

Industry RS rank: 30 out of 60

Stock RS rank: 145 out of 572

9/2/21 close: $4.89

1 Month avg volatility: $0.20. Volatility stop (for upward breakout): $4.35 or 11.0% below the close.

Change YTD: 64.09%

Volume: 14,506,500 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: Pipe bottom reversal pattern from 08/16/2021 to 08/23/2021

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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