As of 12/27/2024   Indus: 42,992 -333.59 -0.8%     Trans: 16,031 -73.46 -0.5%     Utils: 987 -4.51 -0.5%     Nasdaq: 19,722 -298.33 -1.5%     S&P 500: 5,971 -66.75 -1.1%	YTD  +14.1%    +0.8%    +12.0%    +31.4%    +25.2%	Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/27/24

As of 12/27/2024   Indus: 42,992 -333.59 -0.8%     Trans: 16,031 -73.46 -0.5%     Utils: 987 -4.51 -0.5%     Nasdaq: 19,722 -298.33 -1.5%     S&P 500: 5,971 -66.75 -1.1%	YTD  +14.1%    +0.8%    +12.0%    +31.4%    +25.2%
Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/27/24

Patterns for the Weekend Details

Copyright © 2020 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

Weekly screen for chart patterns ending between 09/03/2020 and 09/10/2020. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Computer Software and Svcs

Industry RS rank: 11 out of 59

Stock RS rank: 81 out of 579

9/10/20 close: $57.22

1 Month avg volatility: $1.80. Volatility stop (for downward breakout): $62.17 or 8.7% above the close.

Change YTD: 33.16%

Volume: 351,100 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: Pipe top reversal pattern from 08/24/2020 to 08/31/2020

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: Retail (Special Lines)

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

Industry RS rank: 9 out of 59

Stock RS rank: 56 out of 579

9/10/20 close: $11.98

1 Month avg volatility: $0.67. Volatility stop (for downward breakout): $14.00 or 16.8% above the close.

Change YTD: -30.75%

Volume: 15,542,900 shares. 3 month avg: 4,821,077 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: Broadening top reversal pattern from 08/10/2020 to 09/09/2020

WARNING: A dead-cat bounce occurred on 07/09/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 10/08/2020 and a 38% chance by 01/07/2021.

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: Machinery

Industry RS rank: 23 out of 59

Stock RS rank: 86 out of 579

9/10/20 close: $207.16

1 Month avg volatility: $4.30. Volatility stop (for upward breakout): $196.25 or 5.3% below the close.

Change YTD: 15.76%

Volume: 1,114,900 shares. 3 month avg: 1,327,631 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, right-angled and descending continuation pattern from 08/18/2020 to 09/10/2020

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: None

Industry RS rank: 8 out of 59

9/10/20 close: $11,178.97

1 Month avg volatility: $178.63. Volatility stop (for downward breakout): $11,692.29 or 4.6% above the close.

Change YTD: 2.55%

Volume: 132,467,300 shares. 3 month avg: 217,732,529 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: Diamond top reversal pattern from 08/28/2020 to 09/10/2020

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: Electric Utility (East)

Industry RS rank: 51 out of 59

Stock RS rank: 429 out of 579

9/10/20 close: $78.73

1 Month avg volatility: $1.27. Volatility stop (for downward breakout): $82.25 or 4.5% above the close.

Change YTD: -4.94%

Volume: 3,685,700 shares. 3 month avg: 2,249,422 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 ascending reversal pattern from 08/20/2020 to 09/09/2020

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: Computer Software and Svcs

Industry RS rank: 11 out of 59

Stock RS rank: 158 out of 579

9/10/20 close: $205.37

1 Month avg volatility: $5.78. Volatility stop (for downward breakout): $226.31 or 10.2% above the close.

Change YTD: 30.23%

Volume: 34,784,300 shares. 3 month avg: 21,460,729 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: Pipe top reversal pattern from 08/24/2020 to 08/31/2020

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: Medical Supplies

Industry RS rank: 17 out of 59

Stock RS rank: 288 out of 579

9/10/20 close: $23.84

1 Month avg volatility: $1.05. Volatility stop (for downward breakout): $26.88 or 12.7% above the close.

Change YTD: 16.41%

Volume: 946,900 shares. 3 month avg: 1,885,975 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 top reversal pattern from 08/24/2020 to 08/31/2020

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: Financial Services

Industry RS rank: 22 out of 59

Stock RS rank: 259 out of 579

9/10/20 close: $201.54

1 Month avg volatility: $4.10. Volatility stop (for downward breakout): $215.20 or 6.8% above the close.

Change YTD: 7.26%

Volume: 7,219,200 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 08/24/2020 to 08/31/2020

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: 11 out of 59

Stock RS rank: 106 out of 579

9/10/20 close: $301.00

1 Month avg volatility: $7.26. Volatility stop (for downward breakout): $325.83 or 8.3% above the close.

Change YTD: 29.16%

Volume: 720,600 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 08/24/2020 to 08/31/2020

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.