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 10/15/2020 and 10/22/2020. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Medical Supplies

Industry RS rank: 31 out of 59

Stock RS rank: 364 out of 576

10/22/20 close: $109.48

1 Month avg volatility: $2.39. Volatility stop (for downward breakout): $114.83 or 4.9% above the close.

Change YTD: 26.04%

Volume: 4,640,400 shares. 3 month avg: 6,008,617 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: Head-and-shoulders top reversal pattern from 10/01/2020 to 10/19/2020

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: Apparel

Industry RS rank: 7 out of 59

Stock RS rank: 79 out of 576

10/22/20 close: $15.67

1 Month avg volatility: $0.69. Volatility stop (for downward breakout): $17.09 or 9.0% above the close.

Change YTD: -9.37%

Volume: 1,609,100 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: Pipe top reversal pattern from 10/05/2020 to 10/12/2020

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: Insurance (Diversified)

Industry RS rank: 43 out of 59

Stock RS rank: 443 out of 576

10/22/20 close: $37.51

1 Month avg volatility: $0.88. Volatility stop (for downward breakout): $39.29 or 4.8% above the close.

Change YTD: -29.09%

Volume: 2,305,600 shares. 3 month avg: 1,541,537 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: Rectangle bottom continuation pattern from 07/15/2020 to 10/22/2020

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: Computer Software and Svcs

Industry RS rank: 30 out of 59

Stock RS rank: 186 out of 576

10/22/20 close: $60.74

1 Month avg volatility: $1.61. Volatility stop (for upward breakout): $56.09 or 7.7% below the close.

Change YTD: 41.35%

Volume: 323,000 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: Pennant continuation pattern from 10/14/2020 to 10/21/2020

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: Apparel

Industry RS rank: 7 out of 59

Stock RS rank: 29 out of 576

10/22/20 close: $14.47

1 Month avg volatility: $0.67. Volatility stop (for downward breakout): $15.94 or 10.2% above the close.

Change YTD: -1.56%

Volume: 7,578,600 shares. 3 month avg: 4,309,748 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 09/16/2020 to 10/16/2020

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: Petroleum (Producing)

Industry RS rank: 53 out of 59

Stock RS rank: 472 out of 576

10/22/20 close: $9.44

1 Month avg volatility: $0.66. Volatility stop (for upward breakout): $7.69 or 18.5% below the close.

Change YTD: -63.11%

Volume: 26,389,100 shares. 3 month avg: 24,558,411 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 10/02/2020 to 10/22/2020

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: Packaging and Container

Industry RS rank: 25 out of 59

Stock RS rank: 194 out of 576

10/22/20 close: $49.96

1 Month avg volatility: $1.24. Volatility stop (for upward breakout): $46.91 or 6.1% below the close.

Change YTD: 5.20%

Volume: 707,800 shares. 3 month avg: 894,866 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, symmetrical continuation pattern from 09/15/2020 to 10/22/2020

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: Trucking/Transp. Leasing

Industry RS rank: 14 out of 59

Stock RS rank: 471 out of 576

10/22/20 close: $19.12

1 Month avg volatility: $0.48. Volatility stop (for downward breakout): $20.11 or 5.2% above the close.

Change YTD: -9.17%

Volume: 258,900 shares. 3 month avg: 472,148 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: Pipe top reversal pattern from 10/05/2020 to 10/12/2020

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: Trucking/Transp. Leasing

Industry RS rank: 14 out of 59

Stock RS rank: 279 out of 576

10/22/20 close: $127.47

1 Month avg volatility: $3.50. Volatility stop (for downward breakout): $135.26 or 6.1% above the close.

Change YTD: 9.15%

Volume: 1,150,000 shares. 3 month avg: 898,451 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: Pipe top reversal pattern from 10/05/2020 to 10/12/2020

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 Building Supply

Industry RS rank: 5 out of 59

Stock RS rank: 9 out of 576

10/22/20 close: $103.50

1 Month avg volatility: $4.02. Volatility stop (for downward breakout): $113.46 or 9.6% above the close.

Change YTD: 50.28%

Volume: 165,300 shares. 3 month avg: 201,345 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 10/05/2020 to 10/12/2020

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: Drug

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

Industry RS rank: 44 out of 59

Stock RS rank: 523 out of 576

10/22/20 close: $141.65

1 Month avg volatility: $3.11. Volatility stop (for downward breakout): $148.49 or 4.8% above the close.

Change YTD: 7.78%

Volume: 2,965,200 shares. 3 month avg: 3,358,597 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: Pipe top reversal pattern from 10/05/2020 to 10/12/2020

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: Electric Utility (West)

Industry RS rank: 55 out of 59

Stock RS rank: 406 out of 576

10/22/20 close: $85.73

1 Month avg volatility: $1.91. Volatility stop (for upward breakout): $78.96 or 7.9% below the close.

Change YTD: -4.67%

Volume: 1,136,600 shares. 3 month avg: 665,203 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: Cup with handle continuation pattern from 08/11/2020 to 10/21/2020

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: Trucking/Transp. Leasing

Industry RS rank: 14 out of 59

Stock RS rank: 432 out of 576

10/22/20 close: $41.73

1 Month avg volatility: $1.19. Volatility stop (for upward breakout): $38.59 or 7.5% below the close.

Change YTD: 14.67%

Volume: 1,040,000 shares. 3 month avg: 887,242 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 bottom reversal pattern from 09/21/2020 to 10/21/2020

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: Chemical (Basic)

Industry RS rank: 18 out of 59

Stock RS rank: 55 out of 576

10/22/20 close: $71.50

1 Month avg volatility: $2.12. Volatility stop (for upward breakout): $65.19 or 8.8% below the close.

Change YTD: 1.92%

Volume: 187,300 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: Pennant continuation pattern from 10/14/2020 to 10/22/2020

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.