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 © 2021 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

Weekly screen for chart patterns ending between 01/14/2021 and 01/21/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Semiconductor Cap Equip.

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

Industry RS rank: 3 out of 59

Stock RS rank: 57 out of 576

1/21/21 close: $107.97

1 Month avg volatility: $2.99. Volatility stop (for upward breakout): $100.29 or 7.1% below the close.

Change YTD: 25.11%

Volume: 7,072,300 shares. 3 month avg: 11,583,771 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: Scallop, ascending continuation pattern from 12/15/2020 to 01/21/2021

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: Electric Utility (West)

Industry RS rank: 58 out of 59

Stock RS rank: 488 out of 576

1/21/21 close: $38.51

1 Month avg volatility: $1.00. Volatility stop (for downward breakout): $40.63 or 5.5% above the close.

Change YTD: -4.06%

Volume: 400,100 shares. 3 month avg: 396,820 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: Head-and-shoulders top reversal pattern from 12/28/2020 to 01/19/2021

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: 33 out of 59

Stock RS rank: 326 out of 576

1/21/21 close: $249.10

1 Month avg volatility: $5.43. Volatility stop (for upward breakout): $235.47 or 5.5% below the close.

Change YTD: -0.09%

Volume: 171,600 shares. 3 month avg: 131,971 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 bottom reversal pattern from 01/04/2021 to 01/11/2021

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: IT Services

Industry RS rank: 33 out of 59

Stock RS rank: 212 out of 576

1/21/21 close: $80.88

1 Month avg volatility: $1.53. Volatility stop (for downward breakout): $85.14 or 5.3% above the close.

Change YTD: -1.31%

Volume: 2,062,400 shares. 3 month avg: 3,250,685 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, descending reversal pattern from 12/17/2020 to 01/19/2021

Breakout is downward 64% of the time.

Average decline: 16%.

Break-even failure rate: 16%.

Pullbacks occur 54% of the time.

Price hits measure rule target 54% of the time.

Industry: Toiletries/Cosmetics

Industry RS rank: 20 out of 59

Stock RS rank: 59 out of 576

1/21/21 close: $6.89

1 Month avg volatility: $0.35. Volatility stop (for upward breakout): $6.10 or 11.4% below the close.

Change YTD: -1.85%

Volume: 6,320,700 shares. 3 month avg: 5,764,371 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 12/04/2020 to 01/21/2021

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: 33 out of 59

Stock RS rank: 210 out of 576

1/21/21 close: $363.26

1 Month avg volatility: $9.72. Volatility stop (for upward breakout): $341.59 or 6.0% below the close.

Change YTD: 1.37%

Volume: 303,800 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 bottom reversal pattern from 01/04/2021 to 01/11/2021

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: Semiconductor

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

Industry RS rank: 6 out of 59

Stock RS rank: 97 out of 576

1/21/21 close: $48.33

1 Month avg volatility: $1.61. Volatility stop (for upward breakout): $44.45 or 8.0% below the close.

Change YTD: 12.34%

Volume: 311,000 shares. 3 month avg: 748,688 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: Scallop, ascending continuation pattern from 12/16/2020 to 01/19/2021

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: Electronics

Industry RS rank: 7 out of 59

Stock RS rank: 53 out of 576

1/21/21 close: $8.84

1 Month avg volatility: $0.47. Volatility stop (for downward breakout): $10.01 or 13.3% above the close.

Change YTD: 6.76%

Volume: 2,568,000 shares. 3 month avg: 5,624,629 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: Rising wedge reversal pattern from 10/30/2020 to 01/21/2021

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: Toiletries/Cosmetics

Industry RS rank: 20 out of 59

Stock RS rank: 292 out of 576

1/21/21 close: $234.52

1 Month avg volatility: $7.41. Volatility stop (for upward breakout): $214.67 or 8.5% below the close.

Change YTD: 5.55%

Volume: 287,400 shares. 3 month avg: 160,343 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 01/11/2021 to 01/11/2021

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: Homebuilding

Industry RS rank: 19 out of 59

Stock RS rank: 348 out of 576

1/21/21 close: $76.57

1 Month avg volatility: $2.10. Volatility stop (for upward breakout): $71.19 or 7.0% below the close.

Change YTD: 11.10%

Volume: 3,837,400 shares. 3 month avg: 4,390,840 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 bottom reversal pattern from 01/04/2021 to 01/11/2021

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: Homebuilding

Industry RS rank: 19 out of 59

Stock RS rank: 50 out of 576

1/21/21 close: $39.45

1 Month avg volatility: $2.05. Volatility stop (for upward breakout): $33.36 or 15.4% below the close.

Change YTD: 20.05%

Volume: 136,300 shares. 3 month avg: 1,539,280 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 bottom reversal pattern from 12/28/2020 to 01/11/2021

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: Healthcare Information

Industry RS rank: 32 out of 59

Stock RS rank: 235 out of 576

1/21/21 close: $25.54

1 Month avg volatility: $0.99. Volatility stop (for upward breakout): $23.54 or 7.8% below the close.

Change YTD: 40.56%

Volume: 502,400 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: Flag continuation pattern from 01/15/2021 to 01/21/2021

WARNING: A dead-cat bounce occurred on 10/29/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 01/28/2021 and a 38% chance by 04/29/2021.

Breakout is upward 54% of the time.

Average rise: 23%.

Break-even failure rate: 4%.

Throwbacks occur 43% of the time.

Price hits measure rule target 64% of the time.

Industry: Computer Software and Svcs

Industry RS rank: 37 out of 59

Stock RS rank: 229 out of 576

1/21/21 close: $381.75

1 Month avg volatility: $8.40. Volatility stop (for upward breakout): $361.00 or 5.4% below the close.

Change YTD: 0.50%

Volume: 1,728,600 shares. 3 month avg: 1,303,997 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 bottom reversal pattern from 01/04/2021 to 01/11/2021

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: Furn/Home Furnishings

Industry RS rank: 14 out of 59

Stock RS rank: 305 out of 576

1/21/21 close: $44.63

1 Month avg volatility: $1.23. Volatility stop (for upward breakout): $41.65 or 6.7% below the close.

Change YTD: 0.74%

Volume: 826,300 shares. 3 month avg: 981,391 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 top continuation pattern from 08/10/2020 to 01/21/2021

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: Homebuilding

Industry RS rank: 19 out of 59

Stock RS rank: 352 out of 576

1/21/21 close: $83.60

1 Month avg volatility: $2.66. Volatility stop (for upward breakout): $77.43 or 7.4% below the close.

Change YTD: 9.67%

Volume: 2,911,500 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: Pipe bottom reversal pattern from 01/04/2021 to 01/11/2021

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: Homebuilding

Industry RS rank: 19 out of 59

Stock RS rank: 203 out of 576

1/21/21 close: $52.92

1 Month avg volatility: $2.07. Volatility stop (for upward breakout): $47.63 or 10.0% below the close.

Change YTD: 19.49%

Volume: 387,500 shares. 3 month avg: 256,088 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 bottom reversal pattern from 01/04/2021 to 01/11/2021

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: Homebuilding

Industry RS rank: 19 out of 59

Stock RS rank: 208 out of 576

1/21/21 close: $54.19

1 Month avg volatility: $1.93. Volatility stop (for upward breakout): $49.25 or 9.1% below the close.

Change YTD: 11.50%

Volume: 721,900 shares. 3 month avg: 498,709 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 01/04/2021 to 01/11/2021

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: Furn/Home Furnishings

Industry RS rank: 14 out of 59

Stock RS rank: 79 out of 576

1/21/21 close: $36.57

1 Month avg volatility: $1.16. Volatility stop (for downward breakout): $39.30 or 7.5% above the close.

Change YTD: 8.20%

Volume: 465,500 shares. 3 month avg: 361,806 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: Scallop, descending continuation pattern from 12/16/2020 to 01/21/2021

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: Chemical (Specialty)

Industry RS rank: 46 out of 59

Stock RS rank: 508 out of 576

1/21/21 close: $420.24

1 Month avg volatility: $7.00. Volatility stop (for upward breakout): $406.24 or 3.3% below the close.

Change YTD: 5.51%

Volume: 19,000 shares. 3 month avg: 31,329 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 Friday.

 

Chart pattern: Pennant continuation pattern from 01/08/2021 to 01/20/2021

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: 30 out of 59

Stock RS rank: 338 out of 576

1/21/21 close: $18.17

1 Month avg volatility: $0.76. Volatility stop (for upward breakout): $16.58 or 8.7% below the close.

Change YTD: -7.11%

Volume: 2,269,800 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 top continuation pattern from 11/24/2020 to 01/20/2021

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: Retail Building Supply

Industry RS rank: 40 out of 59

Stock RS rank: 437 out of 576

1/21/21 close: $72.63

1 Month avg volatility: $2.96. Volatility stop (for downward breakout): $82.28 or 13.3% above the close.

Change YTD: 6.26%

Volume: 131,800 shares. 3 month avg: 94,083 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 Thursday.

 

Chart pattern: Broadening top, right-angled and ascending reversal pattern from 12/15/2020 to 01/21/2021

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: Homebuilding

Industry RS rank: 19 out of 59

Stock RS rank: 314 out of 576

1/21/21 close: $47.56

1 Month avg volatility: $1.42. Volatility stop (for upward breakout): $43.94 or 7.6% below the close.

Change YTD: 10.30%

Volume: 3,910,500 shares. 3 month avg: 4,812,565 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 01/04/2021 to 01/11/2021

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: Chemical (Basic)

Industry RS rank: 22 out of 59

Stock RS rank: 353 out of 576

1/21/21 close: $736.35

1 Month avg volatility: $13.41. Volatility stop (for upward breakout): $707.04 or 4.0% below the close.

Change YTD: 0.20%

Volume: 303,100 shares. 3 month avg: 564,294 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 top continuation pattern from 12/09/2020 to 01/20/2021

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: Shoe

Industry RS rank: 2 out of 59

Stock RS rank: 332 out of 576

1/21/21 close: $36.71

1 Month avg volatility: $1.16. Volatility stop (for downward breakout): $39.30 or 7.0% above the close.

Change YTD: 2.14%

Volume: 976,900 shares. 3 month avg: 3,234,920 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: Rising wedge reversal pattern from 10/27/2020 to 01/21/2021

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: Furn/Home Furnishings

Industry RS rank: 14 out of 59

Stock RS rank: 347 out of 576

1/21/21 close: $13.46

1 Month avg volatility: $0.60. Volatility stop (for upward breakout): $12.11 or 10.1% below the close.

Change YTD: -0.66%

Volume: 475,200 shares. 3 month avg: 708,518 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: Triangle, symmetrical continuation pattern from 12/16/2020 to 01/21/2021

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: Medical Supplies

Industry RS rank: 44 out of 59

Stock RS rank: 501 out of 576

1/21/21 close: $44.75

1 Month avg volatility: $2.04. Volatility stop (for upward breakout): $39.52 or 11.7% below the close.

Change YTD: 2.83%

Volume: 40,500 shares. 3 month avg: 37,286 shares.

This security may be thinly traded (less than 100k 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 01/06/2021 to 01/21/2021

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: Metal Fabricating

Industry RS rank: 5 out of 59

Stock RS rank: 44 out of 576

1/21/21 close: $84.40

1 Month avg volatility: $2.00. Volatility stop (for upward breakout): $79.97 or 5.2% below the close.

Change YTD: 9.10%

Volume: 394,000 shares. 3 month avg: 853,643 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 top continuation pattern from 01/07/2021 to 01/21/2021

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: Biotechnology

Industry RS rank: 49 out of 59

Stock RS rank: 562 out of 576

1/21/21 close: $238.64

1 Month avg volatility: $6.03. Volatility stop (for upward breakout): $220.72 or 7.5% below the close.

Change YTD: 0.97%

Volume: 1,623,900 shares. 3 month avg: 1,548,174 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: Double Bottom, Adam and Adam reversal pattern from 01/06/2021 to 01/19/2021

WARNING: A dead-cat bounce occurred on 10/15/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 04/15/2021.

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.