As of 05/01/2024   Indus: 37,903 +87.37 +0.2%     Trans: 14,865 -44.88 -0.3%     Utils: 904 +10.56 +1.2%     Nasdaq: 15,605 -52.34 -0.3%     S&P 500: 5,018 -17.30 -0.3%	YTD  +0.6%   -6.5%    +2.5%    +4.0%    +5.2%	Targets    Overview: 04/29/2024     39,325 or 37,000 by 05/15/2024   15,820 or 14,600 by 05/15/2024   925 or 865 by 05/15/2024   16,700 or 15,200 by 05/15/2024   5,250 or 4,850 by 05/15/2024
Chart Pattern Indicator: on 4/30/24

As of 05/01/2024   Indus: 37,903 +87.37 +0.2%     Trans: 14,865 -44.88 -0.3%     Utils: 904 +10.56 +1.2%     Nasdaq: 15,605 -52.34 -0.3%     S&P 500: 5,018 -17.30 -0.3%	YTD  +0.6%   -6.5%    +2.5%    +4.0%    +5.2%
Targets    Overview: 04/29/2024     39,325 or 37,000 by 05/15/2024   15,820 or 14,600 by 05/15/2024   925 or 865 by 05/15/2024   16,700 or 15,200 by 05/15/2024   5,250 or 4,850 by 05/15/2024
Chart Pattern Indicator: on 4/30/24

Patterns for the Weekend Details

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

Weekly screen for chart patterns ending between 05/13/2021 and 05/20/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Electronics

Industry RS rank: 28 out of 59

Stock RS rank: 2 out of 574

5/20/21 close: $24.95

1 Month avg volatility: $1.93. Volatility stop (for upward breakout): $19.96 or 20.0% below the close.

Change YTD: 138.07%

Volume: 4,915,900 shares. 3 month avg: 3,031,971 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: Pipe bottom reversal pattern from 05/03/2021 to 05/10/2021

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: Computer Software and Svcs

Industry RS rank: 50 out of 59

Stock RS rank: 456 out of 574

5/20/21 close: $491.67

1 Month avg volatility: $10.22. Volatility stop (for upward breakout): $462.17 or 6.0% below the close.

Change YTD: -1.69%

Volume: 1,949,700 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, Eve and Adam reversal pattern from 05/11/2021 to 05/19/2021

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 4%.

Throwbacks occur 57% of the time.

Price hits measure rule target 66% of the time.

Industry: Chemical (Diversified)

Industry RS rank: 22 out of 59

Stock RS rank: 238 out of 574

5/20/21 close: $157.99

1 Month avg volatility: $6.31. Volatility stop (for upward breakout): $141.83 or 10.2% below the close.

Change YTD: 7.10%

Volume: 720,500 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: Triangle, symmetrical continuation pattern from 04/20/2021 to 05/20/2021

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: Information Services

Industry RS rank: 35 out of 59

Stock RS rank: 49 out of 574

5/20/21 close: $116.74

1 Month avg volatility: $5.30. Volatility stop (for downward breakout): $132.59 or 13.6% above the close.

Change YTD: 57.54%

Volume: 778,400 shares. 3 month avg: 546,969 shares.

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

 

Chart pattern: Diamond top reversal pattern from 04/30/2021 to 05/20/2021

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: Retail (Special Lines)

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

Industry RS rank: 2 out of 59

Stock RS rank: 298 out of 574

5/20/21 close: $23.69

1 Month avg volatility: $1.12. Volatility stop (for downward breakout): $26.77 or 13.0% above the close.

Change YTD: 33.39%

Volume: 4,523,400 shares. 3 month avg: 4,821,077 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: Triangle, descending reversal pattern from 04/15/2021 to 05/20/2021

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: Internet

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

Industry RS rank: 43 out of 59

Stock RS rank: 390 out of 574

5/20/21 close: $2,306.05

1 Month avg volatility: $59.01. Volatility stop (for upward breakout): $2,142.89 or 7.1% below the close.

Change YTD: 3.54%

Volume: 311,300 shares. 3 month avg: 441,478 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: Double Bottom, Adam and Adam reversal pattern from 05/13/2021 to 05/19/2021

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.

Industry: Retail Building Supply

Industry RS rank: 19 out of 59

Stock RS rank: 244 out of 574

5/20/21 close: $44.78

1 Month avg volatility: $1.69. Volatility stop (for downward breakout): $48.39 or 8.1% above the close.

Change YTD: 9.73%

Volume: 2,237,400 shares. 3 month avg: 1,257,223 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: Pipe top reversal pattern from 05/03/2021 to 05/10/2021

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: Electric Utility (Central)

Industry RS rank: 53 out of 59

Stock RS rank: 480 out of 574

5/20/21 close: $24.70

1 Month avg volatility: $0.49. Volatility stop (for downward breakout): $25.78 or 4.4% above the close.

Change YTD: 14.14%

Volume: 4,251,100 shares. 3 month avg: 2,845,400 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, right-angled and ascending reversal pattern from 04/15/2021 to 05/20/2021

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: Metals and Mining (Div.)

Industry RS rank: 16 out of 59

Stock RS rank: 151 out of 574

5/20/21 close: $12.76

1 Month avg volatility: $1.34. Volatility stop (for downward breakout): $16.58 or 30.0% above the close.

Change YTD: 15.68%

Volume: 3,361,800 shares. 3 month avg: 2,285,742 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 top reversal pattern from 05/03/2021 to 05/10/2021

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: Machinery

Industry RS rank: 46 out of 59

Stock RS rank: 429 out of 574

5/20/21 close: $255.17

1 Month avg volatility: $5.48. Volatility stop (for downward breakout): $270.42 or 6.0% above the close.

Change YTD: 12.36%

Volume: 1,101,600 shares. 3 month avg: 1,327,631 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 Top, Adam and Adam reversal pattern from 05/10/2021 to 05/17/2021

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: Shoe

Industry RS rank: 13 out of 59

Stock RS rank: 252 out of 574

5/20/21 close: $311.22

1 Month avg volatility: $10.66. Volatility stop (for upward breakout): $284.69 or 8.5% below the close.

Change YTD: 8.52%

Volume: 573,500 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 05/20/2021

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: Natural Gas (Diversified)

Industry RS rank: 34 out of 59

Stock RS rank: 25 out of 574

5/20/21 close: $25.26

1 Month avg volatility: $1.13. Volatility stop (for upward breakout): $22.29 or 11.7% below the close.

Change YTD: 59.77%

Volume: 7,599,500 shares. 3 month avg: 4,704,349 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: Cup with handle continuation pattern from 03/05/2021 to 05/20/2021

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: Internet

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

Industry RS rank: 43 out of 59

Stock RS rank: 301 out of 574

5/20/21 close: $185.06

1 Month avg volatility: $4.18. Volatility stop (for upward breakout): $171.09 or 7.6% below the close.

Change YTD: 5.18%

Volume: 410,800 shares. 3 month avg: 847,706 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: Head-and-shoulders bottom reversal pattern from 05/04/2021 to 05/19/2021

Breakout is upward 100% of the time.

Average rise: 38%.

Break-even failure rate: 3%.

Throwbacks occur 45% of the time.

Price hits measure rule target 74% of the time.

Industry: Diversified Co.

Industry RS rank: 40 out of 59

Stock RS rank: 179 out of 574

5/20/21 close: $22.27

1 Month avg volatility: $0.95. Volatility stop (for upward breakout): $19.87 or 10.8% below the close.

Change YTD: 23.86%

Volume: 217,800 shares. 3 month avg: 523,465 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 02/24/2021 to 05/20/2021

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: 52 out of 59

Stock RS rank: 349 out of 574

5/20/21 close: $78.08

1 Month avg volatility: $2.36. Volatility stop (for upward breakout): $72.12 or 7.6% below the close.

Change YTD: 12.01%

Volume: 311,800 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 bottom reversal pattern from 05/03/2021 to 05/10/2021

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: Computer Software and Svcs

Industry RS rank: 50 out of 59

Stock RS rank: 263 out of 574

5/20/21 close: $435.27

1 Month avg volatility: $9.54. Volatility stop (for upward breakout): $404.28 or 7.1% below the close.

Change YTD: 14.59%

Volume: 1,228,600 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 Thursday.

 

Chart pattern: Pipe bottom reversal pattern from 05/03/2021 to 05/10/2021

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 Cap Equip.

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

Industry RS rank: 12 out of 59

Stock RS rank: 198 out of 574

5/20/21 close: $313.36

1 Month avg volatility: $9.89. Volatility stop (for upward breakout): $285.65 or 8.8% below the close.

Change YTD: 21.03%

Volume: 1,443,700 shares. 3 month avg: 1,563,420 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: Double Bottom, Adam and Adam reversal pattern from 05/12/2021 to 05/19/2021

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.

Industry: Metal Fabricating

Industry RS rank: 17 out of 59

Stock RS rank: 280 out of 574

5/20/21 close: $59.95

1 Month avg volatility: $1.80. Volatility stop (for upward breakout): $55.13 or 8.0% below the close.

Change YTD: 17.76%

Volume: 6,100 shares. 3 month avg: 11,408 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 Friday.

 

Chart pattern: Cup with handle continuation pattern from 03/12/2021 to 05/20/2021

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: Retail Building Supply

Industry RS rank: 19 out of 59

Stock RS rank: 191 out of 574

5/20/21 close: $193.41

1 Month avg volatility: $4.41. Volatility stop (for downward breakout): $203.71 or 5.3% above the close.

Change YTD: 20.50%

Volume: 4,333,000 shares. 3 month avg: 6,401,252 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 05/03/2021 to 05/10/2021

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: Human Resources

Industry RS rank: 15 out of 59

Stock RS rank: 155 out of 574

5/20/21 close: $119.24

1 Month avg volatility: $2.68. Volatility stop (for upward breakout): $112.92 or 5.3% below the close.

Change YTD: 32.22%

Volume: 407,400 shares. 3 month avg: 461,820 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 04/28/2021 to 05/18/2021

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: Internet

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

Industry RS rank: 43 out of 59

Stock RS rank: 478 out of 574

5/20/21 close: $501.67

1 Month avg volatility: $10.77. Volatility stop (for upward breakout): $467.44 or 6.8% below the close.

Change YTD: -7.22%

Volume: 3,653,500 shares. 3 month avg: 6,844,629 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: Double Bottom, Adam and Adam reversal pattern from 05/11/2021 to 05/19/2021

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.

Industry: Financial Services

Industry RS rank: 29 out of 59

Stock RS rank: 188 out of 574

5/20/21 close: $251.54

1 Month avg volatility: $8.10. Volatility stop (for upward breakout): $229.16 or 8.9% below the close.

Change YTD: 7.40%

Volume: 8,028,300 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 Bottom, Adam and Adam reversal pattern from 05/11/2021 to 05/19/2021

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.

Industry: Electric Utility (East)

Industry RS rank: 54 out of 59

Stock RS rank: 439 out of 574

5/20/21 close: $62.58

1 Month avg volatility: $1.05. Volatility stop (for upward breakout): $59.75 or 4.5% below the close.

Change YTD: 7.34%

Volume: 1,936,500 shares. 3 month avg: 3,334,326 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: Head-and-shoulders bottom reversal pattern from 05/05/2021 to 05/19/2021

Breakout is upward 100% of the time.

Average rise: 38%.

Break-even failure rate: 3%.

Throwbacks occur 45% of the time.

Price hits measure rule target 74% of the time.

Industry: Apparel

Industry RS rank: 5 out of 59

Stock RS rank: 96 out of 574

5/20/21 close: $121.87

1 Month avg volatility: $4.21. Volatility stop (for downward breakout): $135.13 or 10.9% above the close.

Change YTD: 17.48%

Volume: 4,649,700 shares. 3 month avg: 1,365,482 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: Double Top, Adam and Adam reversal pattern from 05/10/2021 to 05/18/2021

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: Retail Store

Industry RS rank: 23 out of 59

Stock RS rank: 181 out of 574

5/20/21 close: $221.79

1 Month avg volatility: $3.82. Volatility stop (for downward breakout): $230.43 or 3.9% above the close.

Change YTD: 25.64%

Volume: 7,064,800 shares. 3 month avg: 6,916,209 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, right-angled and ascending reversal pattern from 04/06/2021 to 05/20/2021

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: Semiconductor Cap Equip.

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

Industry RS rank: 12 out of 59

Stock RS rank: 281 out of 574

5/20/21 close: $126.62

1 Month avg volatility: $4.63. Volatility stop (for upward breakout): $113.87 or 10.1% below the close.

Change YTD: 5.61%

Volume: 1,175,000 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: Double Bottom, Adam and Adam reversal pattern from 05/12/2021 to 05/19/2021

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.

Industry: Retail Store

Industry RS rank: 23 out of 59

Stock RS rank: 440 out of 574

5/20/21 close: $67.37

1 Month avg volatility: $1.59. Volatility stop (for downward breakout): $71.93 or 6.8% above the close.

Change YTD: -1.35%

Volume: 11,973,200 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: Head-and-shoulders top reversal pattern from 05/03/2021 to 05/14/2021

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: Computer Software and Svcs

Industry RS rank: 50 out of 59

Stock RS rank: 477 out of 574

5/20/21 close: $233.43

1 Month avg volatility: $6.99. Volatility stop (for upward breakout): $212.31 or 9.1% below the close.

Change YTD: -2.58%

Volume: 1,797,300 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 Adam reversal pattern from 05/13/2021 to 05/19/2021

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.

Industry: Electronics

Industry RS rank: 28 out of 59

Stock RS rank: 363 out of 574

5/20/21 close: $144.55

1 Month avg volatility: $2.90. Volatility stop (for upward breakout): $135.85 or 6.0% below the close.

Change YTD: 4.69%

Volume: 109,100 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 Bottom, Eve and Adam reversal pattern from 05/11/2021 to 05/19/2021

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 4%.

Throwbacks occur 57% of the time.

Price hits measure rule target 66% of the time.

 

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