As of 04/19/2024   Indus: 37,986 +211.02 +0.6%     Trans: 15,084 +136.79 +0.9%     Utils: 876 +15.31 +1.8%     Nasdaq: 15,282 -319.49 -2.0%     S&P 500: 4,967 -43.89 -0.9%	YTD  +0.8%   -5.1%   -0.7%    +1.8%    +4.1%	Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

As of 04/19/2024   Indus: 37,986 +211.02 +0.6%     Trans: 15,084 +136.79 +0.9%     Utils: 876 +15.31 +1.8%     Nasdaq: 15,282 -319.49 -2.0%     S&P 500: 4,967 -43.89 -0.9%	YTD  +0.8%   -5.1%   -0.7%    +1.8%    +4.1%
Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

Patterns for the Weekend Details

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

Weekly screen for chart patterns ending between 05/06/2021 and 05/13/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Apparel

Industry RS rank: 4 out of 59

Stock RS rank: 18 out of 575

5/13/21 close: $34.56

1 Month avg volatility: $1.35. Volatility stop (for downward breakout): $38.05 or 10.1% above the close.

Change YTD: 72.20%

Volume: 3,572,900 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: Double Top, Adam and Adam reversal pattern from 04/23/2021 to 05/10/2021

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 8%.

Pullbacks occur 61% of the time.

Price hits measure rule target 72% of the time.

Industry: Insurance (Life)

Industry RS rank: 19 out of 59

Stock RS rank: 95 out of 575

5/13/21 close: $46.38

1 Month avg volatility: $1.32. Volatility stop (for downward breakout): $49.60 or 6.9% above the close.

Change YTD: 47.28%

Volume: 674,100 shares. 3 month avg: 1,068,715 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 04/26/2021 to 05/03/2021

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: Natural Gas (Diversified)

Industry RS rank: 40 out of 59

Stock RS rank: 502 out of 575

5/13/21 close: $100.61

1 Month avg volatility: $1.73. Volatility stop (for downward breakout): $104.64 or 4.0% above the close.

Change YTD: 5.43%

Volume: 549,400 shares. 3 month avg: 444,800 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: Triple top reversal pattern from 04/21/2021 to 05/10/2021

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: Medical Supplies

Industry RS rank: 49 out of 59

Stock RS rank: 478 out of 575

5/13/21 close: $83.40

1 Month avg volatility: $1.30. Volatility stop (for downward breakout): $86.42 or 3.6% above the close.

Change YTD: 3.94%

Volume: 2,954,400 shares. 3 month avg: 2,457,589 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: Double Top, Eve and Eve reversal pattern from 04/22/2021 to 05/07/2021

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: Petroleum (Integrated)

Industry RS rank: 6 out of 59

Stock RS rank: 224 out of 575

5/13/21 close: $106.68

1 Month avg volatility: $2.29. Volatility stop (for upward breakout): $100.87 or 5.5% below the close.

Change YTD: 26.32%

Volume: 9,682,500 shares. 3 month avg: 5,172,805 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 03/12/2021 to 05/13/2021

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: Insurance (Prop/Casualty)

Industry RS rank: 25 out of 59

Stock RS rank: 144 out of 575

5/13/21 close: $120.04

1 Month avg volatility: $2.43. Volatility stop (for upward breakout): $110.94 or 7.6% below the close.

Change YTD: 37.39%

Volume: 559,300 shares. 3 month avg: 534,966 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: Scallop, ascending continuation pattern from 03/15/2021 to 05/10/2021

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: Food Processing

Industry RS rank: 41 out of 59

Stock RS rank: 438 out of 575

5/13/21 close: $38.13

1 Month avg volatility: $0.60. Volatility stop (for upward breakout): $35.98 or 5.6% below the close.

Change YTD: 5.16%

Volume: 3,667,700 shares. 3 month avg: 3,423,360 shares.

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

 

Chart pattern: Triangle, symmetrical continuation pattern from 03/30/2021 to 05/13/2021

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: Shoe

Industry RS rank: 12 out of 59

Stock RS rank: 236 out of 575

5/13/21 close: $323.33

1 Month avg volatility: $9.90. Volatility stop (for upward breakout): $297.40 or 8.0% below the close.

Change YTD: 12.74%

Volume: 236,400 shares. 3 month avg: 637,325 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 02/02/2021 to 05/13/2021

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: None

Industry RS rank: 48 out of 59

5/13/21 close: $905.11

1 Month avg volatility: $12.10. Volatility stop (for downward breakout): $933.98 or 3.2% above the close.

Change YTD: 4.68%

Volume: 45,204,600 shares. 3 month avg: 52,349,963 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: Double Top, Adam and Adam reversal pattern from 05/03/2021 to 05/10/2021

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 8%.

Pullbacks occur 61% of the time.

Price hits measure rule target 72% of the time.

Industry: Healthcare Information

Industry RS rank: 58 out of 59

Stock RS rank: 120 out of 575

5/13/21 close: $18.89

1 Month avg volatility: $0.95. Volatility stop (for downward breakout): $21.11 or 11.7% above the close.

Change YTD: 17.84%

Volume: 450,800 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: Pipe top reversal pattern from 04/26/2021 to 05/03/2021

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: Petroleum (Integrated)

Industry RS rank: 6 out of 59

Stock RS rank: 73 out of 575

5/13/21 close: $59.30

1 Month avg volatility: $1.38. Volatility stop (for upward breakout): $55.99 or 5.6% below the close.

Change YTD: 43.86%

Volume: 24,185,400 shares. 3 month avg: 15,538,298 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: Cup with handle continuation pattern from 03/11/2021 to 05/13/2021

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: Computer Software and Svcs

Industry RS rank: 50 out of 59

Stock RS rank: 400 out of 575

5/13/21 close: $159.50

1 Month avg volatility: $7.22. Volatility stop (for downward breakout): $181.69 or 13.9% above the close.

Change YTD: -8.54%

Volume: 814,600 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 04/26/2021 to 05/03/2021

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: Apparel

Industry RS rank: 4 out of 59

Stock RS rank: 119 out of 575

5/13/21 close: $33.50

1 Month avg volatility: $1.38. Volatility stop (for downward breakout): $36.74 or 9.7% above the close.

Change YTD: 65.92%

Volume: 5,996,000 shares. 3 month avg: 5,662,882 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: Double Top, Adam and Adam reversal pattern from 05/03/2021 to 05/10/2021

WARNING: A dead-cat bounce occurred on 11/25/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/26/2021.

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 8%.

Pullbacks occur 61% of the time.

Price hits measure rule target 72% of the time.

Industry: Securities Brokerage

Industry RS rank: 5 out of 59

Stock RS rank: 71 out of 575

5/13/21 close: $358.81

1 Month avg volatility: $8.24. Volatility stop (for upward breakout): $336.77 or 6.1% below the close.

Change YTD: 36.06%

Volume: 2,671,400 shares. 3 month avg: 2,673,269 shares.

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

 

Chart pattern: Scallop, ascending continuation pattern from 03/18/2021 to 05/10/2021

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: Apparel

Industry RS rank: 4 out of 59

Stock RS rank: 28 out of 575

5/13/21 close: $27.79

1 Month avg volatility: $1.31. Volatility stop (for downward breakout): $31.03 or 11.6% above the close.

Change YTD: 22.86%

Volume: 593,400 shares. 3 month avg: 1,269,442 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 reversal pattern from 04/22/2021 to 05/12/2021

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: Aerospace/Defense

Industry RS rank: 33 out of 59

Stock RS rank: 383 out of 575

5/13/21 close: $223.68

1 Month avg volatility: $3.48. Volatility stop (for downward breakout): $231.84 or 3.7% above the close.

Change YTD: 5.16%

Volume: 2,904,700 shares. 3 month avg: 2,744,942 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 Top, Eve and Adam reversal pattern from 04/16/2021 to 05/10/2021

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: Air Transport

Industry RS rank: 27 out of 59

Stock RS rank: 192 out of 575

5/13/21 close: $18.95

1 Month avg volatility: $0.68. Volatility stop (for upward breakout): $17.13 or 9.6% below the close.

Change YTD: 30.33%

Volume: 5,730,100 shares. 3 month avg: 6,141,268 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: Triangle, symmetrical continuation pattern from 03/25/2021 to 05/10/2021

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: Retail Store

Industry RS rank: 28 out of 59

Stock RS rank: 11 out of 575

5/13/21 close: $56.78

1 Month avg volatility: $2.44. Volatility stop (for upward breakout): $50.54 or 11.0% below the close.

Change YTD: 39.54%

Volume: 2,354,900 shares. 3 month avg: 4,163,043 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 03/15/2021 to 05/10/2021

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: Metals and Mining (Div.)

Industry RS rank: 13 out of 59

Stock RS rank: 149 out of 575

5/13/21 close: $78.09

1 Month avg volatility: $2.27. Volatility stop (for upward breakout): $71.15 or 8.9% below the close.

Change YTD: 22.55%

Volume: 173,400 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: Cup with handle continuation pattern from 03/10/2021 to 05/12/2021

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: Homebuilding

Industry RS rank: 8 out of 59

Stock RS rank: 261 out of 575

5/13/21 close: $57.97

1 Month avg volatility: $2.03. Volatility stop (for downward breakout): $62.64 or 8.1% above the close.

Change YTD: 19.28%

Volume: 643,200 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 Wednesday.

 

Chart pattern: Broadening top reversal pattern from 04/05/2021 to 05/12/2021

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: Securities Brokerage

Industry RS rank: 5 out of 59

Stock RS rank: 111 out of 575

5/13/21 close: $84.86

1 Month avg volatility: $2.11. Volatility stop (for upward breakout): $79.19 or 6.7% below the close.

Change YTD: 23.83%

Volume: 8,569,800 shares. 3 month avg: 7,779,832 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: Cup with handle continuation pattern from 03/18/2021 to 05/13/2021

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: Healthcare Information

Industry RS rank: 58 out of 59

Stock RS rank: 341 out of 575

5/13/21 close: $18.37

1 Month avg volatility: $0.51. Volatility stop (for downward breakout): $19.45 or 5.9% above the close.

Change YTD: 0.71%

Volume: 231,200 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: Rectangle bottom continuation pattern from 03/25/2021 to 05/10/2021

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: E-Commerce

Industry RS rank: 57 out of 59

Stock RS rank: 435 out of 575

5/13/21 close: $45.26

1 Month avg volatility: $0.90. Volatility stop (for downward breakout): $47.87 or 5.8% above the close.

Change YTD: -0.44%

Volume: 673,500 shares. 3 month avg: 520,157 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 03/22/2021 to 05/10/2021

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: Insurance (Prop/Casualty)

Industry RS rank: 25 out of 59

Stock RS rank: 252 out of 575

5/13/21 close: $76.13

1 Month avg volatility: $1.82. Volatility stop (for downward breakout): $80.37 or 5.6% above the close.

Change YTD: 13.66%

Volume: 224,100 shares. 3 month avg: 158,554 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 04/15/2021 to 05/10/2021

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: Electronics

Industry RS rank: 29 out of 59

Stock RS rank: 364 out of 575

5/13/21 close: $116.57

1 Month avg volatility: $5.32. Volatility stop (for downward breakout): $128.23 or 10.0% above the close.

Change YTD: -7.13%

Volume: 274,000 shares. 3 month avg: 325,660 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: Double Top, Adam and Eve reversal pattern from 04/29/2021 to 05/07/2021

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 14%.

Pullbacks occur 59% of the time.

Price hits measure rule target 69% of the time.

Industry: Cement and Aggregates

Industry RS rank: 9 out of 59

Stock RS rank: 195 out of 575

5/13/21 close: $190.05

1 Month avg volatility: $3.44. Volatility stop (for downward breakout): $197.85 or 4.1% above the close.

Change YTD: 28.14%

Volume: 1,164,600 shares. 3 month avg: 1,153,271 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 top reversal pattern from 05/05/2021 to 05/13/2021

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: Insurance (Prop/Casualty)

Industry RS rank: 25 out of 59

Stock RS rank: 366 out of 575

5/13/21 close: $79.42

1 Month avg volatility: $1.46. Volatility stop (for downward breakout): $82.68 or 4.1% above the close.

Change YTD: 19.57%

Volume: 438,500 shares. 3 month avg: 444,512 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: Double Top, Eve and Adam reversal pattern from 04/26/2021 to 05/10/2021

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.

 

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