As of 11/22/2024   Indus: 44,297 +426.16 +1.0%     Trans: 17,367 +194.86 +1.1%     Utils: 1,067 -8.74 -0.8%     Nasdaq: 19,004 +31.23 +0.2%     S&P 500: 5,969 +20.63 +0.3%	YTD  +17.5%    +9.2%    +21.0%    +26.6%    +25.1%	Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

As of 11/22/2024   Indus: 44,297 +426.16 +1.0%     Trans: 17,367 +194.86 +1.1%     Utils: 1,067 -8.74 -0.8%     Nasdaq: 19,004 +31.23 +0.2%     S&P 500: 5,969 +20.63 +0.3%	YTD  +17.5%    +9.2%    +21.0%    +26.6%    +25.1%
Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

Patterns for the Weekend Details

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

Weekly screen for chart patterns ending between 09/17/2020 and 09/24/2020. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Chemical (Diversified)

Industry RS rank: 11 out of 59

Stock RS rank: 184 out of 579

9/24/20 close: $83.31

1 Month avg volatility: $3.87. Volatility stop (for downward breakout): $93.35 or 12.1% above the close.

Change YTD: 14.06%

Volume: 2,366,400 shares. 3 month avg: 1,363,352 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: Horn top reversal pattern from 08/31/2020 to 09/14/2020

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: Financial Services

Industry RS rank: 34 out of 59

Stock RS rank: 459 out of 579

9/24/20 close: $95.45

1 Month avg volatility: $2.73. Volatility stop (for downward breakout): $102.35 or 7.2% above the close.

Change YTD: -23.33%

Volume: 4,194,600 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: Horn top reversal pattern from 08/31/2020 to 09/14/2020

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: Machinery

Industry RS rank: 18 out of 59

Stock RS rank: 242 out of 579

9/24/20 close: $32.58

1 Month avg volatility: $1.30. Volatility stop (for upward breakout): $29.02 or 10.9% below the close.

Change YTD: -18.61%

Volume: 79,900 shares. 3 month avg: 120,960 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: Broadening top, right-angled and descending continuation pattern from 08/11/2020 to 09/18/2020

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: Human Resources

Industry RS rank: 32 out of 59

Stock RS rank: 562 out of 579

9/24/20 close: $5.78

1 Month avg volatility: $0.29. Volatility stop (for downward breakout): $6.69 or 15.7% above the close.

Change YTD: -50.26%

Volume: 188,400 shares. 3 month avg: 226,311 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: Horn top reversal pattern from 08/31/2020 to 09/14/2020

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: Machinery

Industry RS rank: 18 out of 59

Stock RS rank: 228 out of 579

9/24/20 close: $107.14

1 Month avg volatility: $2.58. Volatility stop (for downward breakout): $114.05 or 6.5% above the close.

Change YTD: -7.04%

Volume: 663,100 shares. 3 month avg: 1,038,811 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: Broadening top reversal pattern from 08/20/2020 to 09/21/2020

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: Chemical (Basic)

Industry RS rank: 7 out of 59

Stock RS rank: 168 out of 579

9/24/20 close: $104.05

1 Month avg volatility: $2.75. Volatility stop (for downward breakout): $110.76 or 6.5% above the close.

Change YTD: 4.24%

Volume: 725,500 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 Wednesday.

 

Chart pattern: Horn top reversal pattern from 08/31/2020 to 09/14/2020

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: Biotechnology

Industry RS rank: 42 out of 59

Stock RS rank: 373 out of 579

9/24/20 close: $286.31

1 Month avg volatility: $13.90. Volatility stop (for downward breakout): $315.28 or 10.1% above the close.

Change YTD: -13.69%

Volume: 2,539,500 shares. 3 month avg: 759,071 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: Horn top reversal pattern from 08/31/2020 to 09/14/2020

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: Advertising

Industry RS rank: 52 out of 59

Stock RS rank: 439 out of 579

9/24/20 close: $16.28

1 Month avg volatility: $0.58. Volatility stop (for upward breakout): $14.76 or 9.4% below the close.

Change YTD: -29.52%

Volume: 3,252,400 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 bottom reversal pattern from 08/26/2020 to 09/23/2020

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: Advertising

Industry RS rank: 52 out of 59

Stock RS rank: 137 out of 579

9/24/20 close: $2.06

1 Month avg volatility: $0.05. Volatility stop (for upward breakout): $1.92 or 6.9% below the close.

Change YTD: -45.50%

Volume: 834,400 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 Monday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Rectangle top continuation pattern from 08/17/2020 to 09/23/2020

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: Medical Supplies

Industry RS rank: 15 out of 59

Stock RS rank: 362 out of 579

9/24/20 close: $101.27

1 Month avg volatility: $2.25. Volatility stop (for downward breakout): $106.66 or 5.3% above the close.

Change YTD: -10.74%

Volume: 5,311,000 shares. 3 month avg: 5,761,640 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: Double Top, Eve and Eve reversal pattern from 09/02/2020 to 09/18/2020

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: Drug

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

Industry RS rank: 26 out of 59

Stock RS rank: 309 out of 579

9/24/20 close: $83.15

1 Month avg volatility: $1.71. Volatility stop (for downward breakout): $86.91 or 4.5% above the close.

Change YTD: -8.58%

Volume: 7,372,600 shares. 3 month avg: 11,487,503 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: Head-and-shoulders top reversal pattern from 08/25/2020 to 09/18/2020

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: IT Services

Industry RS rank: 21 out of 59

Stock RS rank: 269 out of 579

9/24/20 close: $75.91

1 Month avg volatility: $1.63. Volatility stop (for downward breakout): $80.12 or 5.5% above the close.

Change YTD: -10.76%

Volume: 1,345,000 shares. 3 month avg: 2,048,471 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: Broadening wedge, ascending reversal pattern from 08/17/2020 to 09/24/2020

Breakout is downward 73% of the time.

Average decline: 17%.

Break-even failure rate: 11%.

Pullbacks occur 57% of the time.

Price hits measure rule target 58% of the time.

Industry: Semiconductor Cap Equip.

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

Industry RS rank: 23 out of 59

Stock RS rank: 174 out of 579

9/24/20 close: $76.30

1 Month avg volatility: $2.83. Volatility stop (for downward breakout): $83.25 or 9.1% above the close.

Change YTD: 11.89%

Volume: 2,195,600 shares. 3 month avg: 2,362,042 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: Rectangle bottom continuation pattern from 09/08/2020 to 09/24/2020

Breakout is downward 55% of the time.

Average decline: 14%.

Break-even failure rate: 16%.

Pullbacks occur 69% of the time.

Price hits measure rule target 50% of the time.

Industry: Retail Store

Industry RS rank: 33 out of 59

Stock RS rank: 335 out of 579

9/24/20 close: $52.83

1 Month avg volatility: $1.42. Volatility stop (for downward breakout): $56.38 or 6.7% above the close.

Change YTD: -13.48%

Volume: 4,562,100 shares. 3 month avg: 4,406,445 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 top reversal pattern from 08/31/2020 to 09/14/2020

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: Retail Building Supply

Industry RS rank: 2 out of 59

Stock RS rank: 52 out of 579

9/24/20 close: $138.26

1 Month avg volatility: $3.85. Volatility stop (for downward breakout): $148.30 or 7.3% above the close.

Change YTD: 47.97%

Volume: 828,200 shares. 3 month avg: 2,128,008 shares.

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

 

Chart pattern: Rectangle bottom continuation pattern from 09/08/2020 to 09/24/2020

Breakout is downward 55% of the time.

Average decline: 14%.

Break-even failure rate: 16%.

Pullbacks occur 69% of the time.

Price hits measure rule target 50% of the time.

Industry: Internet

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

Industry RS rank: 12 out of 59

Stock RS rank: 102 out of 579

9/24/20 close: $6.15

1 Month avg volatility: $0.57. Volatility stop (for downward breakout): $7.70 or 25.3% above the close.

Change YTD: -42.52%

Volume: 136,100 shares. 3 month avg: 22,411 shares.

This security may be thinly traded (less than 100k 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: Dead-cat bounce continuation pattern from 09/21/2020 to 09/21/2020

Breakout is downward 67% of the time.

Average decline: 18%.