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 01/28/2021 and 02/04/2021. 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: 27 out of 59

Stock RS rank: 419 out of 576

2/4/21 close: $489.38

1 Month avg volatility: $10.92. Volatility stop (for upward breakout): $460.07 or 6.0% below the close.

Change YTD: -2.15%

Volume: 2,000,900 shares. 3 month avg: 3,137,863 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: Double Bottom, Adam and Eve reversal pattern from 01/19/2021 to 01/29/2021

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 5%.

Throwbacks occur 59% of the time.

Price hits measure rule target 66% of the time.

Industry: Building Materials

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

Industry RS rank: 29 out of 59

Stock RS rank: 52 out of 576

2/4/21 close: $36.56

1 Month avg volatility: $1.29. Volatility stop (for upward breakout): $33.35 or 8.8% below the close.

Change YTD: 15.40%

Volume: 184,600 shares. 3 month avg: 243,183 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 and inverted continuation pattern from 01/04/2021 to 02/01/2021

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: None

Industry RS rank: 35 out of 59

2/4/21 close: $867.61

1 Month avg volatility: $14.50. Volatility stop (for downward breakout): $897.68 or 3.5% above the close.

Change YTD: 0.34%

Volume: 42,443,500 shares. 3 month avg: 51,325,742 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: Diamond top reversal pattern from 01/19/2021 to 02/01/2021

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: Electronics

Industry RS rank: 5 out of 59

Stock RS rank: 65 out of 576

2/4/21 close: $18.89

1 Month avg volatility: $0.90. Volatility stop (for downward breakout): $20.75 or 9.8% above the close.

Change YTD: 5.06%

Volume: 4,134,600 shares. 3 month avg: 3,241,565 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 01/08/2021 to 02/04/2021

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: Drug

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

Industry RS rank: 41 out of 59

Stock RS rank: 241 out of 576

2/4/21 close: $494.00

1 Month avg volatility: $14.57. Volatility stop (for downward breakout): $524.26 or 6.1% above the close.

Change YTD: -1.17%

Volume: 438,500 shares. 3 month avg: 512,494 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: Broadening top reversal pattern from 12/28/2020 to 02/02/2021

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: Advertising

Industry RS rank: 12 out of 59

Stock RS rank: 147 out of 576

2/4/21 close: $25.81

1 Month avg volatility: $0.65. Volatility stop (for downward breakout): $27.25 or 5.6% above the close.

Change YTD: 9.74%

Volume: 3,656,400 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 top reversal pattern from 01/14/2021 to 02/04/2021

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: IT Services

Industry RS rank: 30 out of 59

Stock RS rank: 300 out of 576

2/4/21 close: $107.27

1 Month avg volatility: $2.79. Volatility stop (for downward breakout): $112.84 or 5.2% above the close.

Change YTD: 2.05%

Volume: 851,100 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: Pipe top reversal pattern from 01/19/2021 to 01/25/2021

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: Oilfield Svcs/Equipment

Industry RS rank: 24 out of 59

Stock RS rank: 131 out of 576

2/4/21 close: $75.56

1 Month avg volatility: $4.73. Volatility stop (for upward breakout): $63.79 or 15.6% below the close.

Change YTD: 29.76%

Volume: 195,000 shares. 3 month avg: 10,861,705 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 01/19/2021 to 01/25/2021

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: 9 out of 59

Stock RS rank: 279 out of 576

2/4/21 close: $546.57

1 Month avg volatility: $16.56. Volatility stop (for upward breakout): $500.39 or 8.5% below the close.

Change YTD: 4.67%

Volume: 5,015,300 shares. 3 month avg: 15,363,712 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: Rectangle top continuation pattern from 01/07/2021 to 02/04/2021

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: Chemical (Diversified)

Industry RS rank: 28 out of 59

Stock RS rank: 244 out of 576

2/4/21 close: $139.26

1 Month avg volatility: $3.60. Volatility stop (for upward breakout): $131.94 or 5.3% below the close.

Change YTD: -3.44%

Volume: 1,680,200 shares. 3 month avg: 1,342,054 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: Diamond bottom reversal pattern from 01/22/2021 to 02/04/2021

Breakout is upward 69% of the time.

Average rise: 36%.

Break-even failure rate: 4%.

Throwbacks occur 53% of the time.

Price hits measure rule target 81% of the time.

Industry: Electric Utility (East)

Industry RS rank: 48 out of 59

Stock RS rank: 459 out of 576

2/4/21 close: $27.90

1 Month avg volatility: $0.54. Volatility stop (for upward breakout): $26.53 or 4.9% below the close.

Change YTD: -1.06%

Volume: 3,637,300 shares. 3 month avg: 3,908,818 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: Triangle, symmetrical continuation pattern from 01/19/2021 to 02/04/2021

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: 31 out of 59

Stock RS rank: 181 out of 576

2/4/21 close: $147.97

1 Month avg volatility: $4.59. Volatility stop (for downward breakout): $160.97 or 8.8% above the close.

Change YTD: -2.87%

Volume: 45,965,200 shares. 3 month avg: 12,234,022 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: Double Top, Eve and Adam reversal pattern from 01/20/2021 to 02/03/2021

Breakout is downward 100% of the time.

Average decline: 15%.

Break-even failure rate: 13%.

Pullbacks occur 64% of the time.

Price hits measure rule target 72% of the time.

Industry: Electric Utility (East)

Industry RS rank: 48 out of 59

Stock RS rank: 378 out of 576

2/4/21 close: $60.34

1 Month avg volatility: $1.21. Volatility stop (for upward breakout): $57.04 or 5.5% below the close.

Change YTD: -1.77%

Volume: 3,220,700 shares. 3 month avg: 4,514,520 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: Channel from 11/19/2020 to 02/04/2021

Industry: Natural Gas (Diversified)

Industry RS rank: 58 out of 59

Stock RS rank: 141 out of 576

2/4/21 close: $4.09

1 Month avg volatility: $0.27. Volatility stop (for upward breakout): $3.45 or 15.6% below the close.

Change YTD: 37.25%

Volume: 14,181,500 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: Channel from 11/11/2020 to 02/04/2021