As of 04/23/2024   Indus: 38,504 +263.71 +0.7%     Trans: 15,436 +212.01 +1.4%     Utils: 886 +2.63 +0.3%     Nasdaq: 15,697 +245.33 +1.6%     S&P 500: 5,071 +59.95 +1.2%	YTD  +2.2%   -2.9%    +0.5%    +4.6%    +6.3%	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 4/23/24

As of 04/23/2024   Indus: 38,504 +263.71 +0.7%     Trans: 15,436 +212.01 +1.4%     Utils: 886 +2.63 +0.3%     Nasdaq: 15,697 +245.33 +1.6%     S&P 500: 5,071 +59.95 +1.2%	YTD  +2.2%   -2.9%    +0.5%    +4.6%    +6.3%
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 4/23/24

Patterns for the Weekend Details

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

Weekly screen for chart patterns ending between 05/27/2021 and 06/03/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Insurance (Diversified)

Industry RS rank: 24 out of 59

Stock RS rank: 271 out of 573

6/3/21 close: $251.51

1 Month avg volatility: $3.55. Volatility stop (for upward breakout): $242.95 or 3.4% below the close.

Change YTD: 19.05%

Volume: 1,526,300 shares. 3 month avg: 1,174,512 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 05/10/2021 to 06/03/2021

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: Insurance (Diversified)

Industry RS rank: 24 out of 59

Stock RS rank: 249 out of 573

6/3/21 close: $162.28

1 Month avg volatility: $2.88. Volatility stop (for upward breakout): $153.42 or 5.5% below the close.

Change YTD: 19.13%

Volume: 368,400 shares. 3 month avg: 454,446 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: Rectangle top continuation pattern from 04/30/2021 to 06/03/2021

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: IT Services

Industry RS rank: 45 out of 59

Stock RS rank: 434 out of 573

6/3/21 close: $256.86

1 Month avg volatility: $3.72. Volatility stop (for upward breakout): $247.91 or 3.5% below the close.

Change YTD: 3.02%

Volume: 104,700 shares. 3 month avg: 131,971 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: Triangle, symmetrical continuation pattern from 04/29/2021 to 06/01/2021

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: Food Processing

Industry RS rank: 32 out of 59

Stock RS rank: 494 out of 573

6/3/21 close: $49.42

1 Month avg volatility: $0.87. Volatility stop (for downward breakout): $51.75 or 4.7% above the close.

Change YTD: 2.21%

Volume: 1,964,100 shares. 3 month avg: 2,769,580 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, descending reversal pattern from 04/05/2021 to 06/03/2021

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: Chemical (Basic)

Industry RS rank: 22 out of 59

Stock RS rank: 206 out of 573

6/3/21 close: $167.12

1 Month avg volatility: $3.41. Volatility stop (for upward breakout): $156.31 or 6.5% below the close.

Change YTD: 28.61%

Volume: 546,000 shares. 3 month avg: 691,697 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 top continuation pattern from 05/05/2021 to 06/03/2021

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: Apparel

Industry RS rank: 7 out of 59

Stock RS rank: 3 out of 573

6/3/21 close: $5.40

1 Month avg volatility: $0.36. Volatility stop (for upward breakout): $4.50 or 16.6% below the close.

Change YTD: 239.62%

Volume: 2,546,200 shares. 3 month avg: 2,783,222 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: Flag, high and tight continuation pattern from 04/20/2021 to 06/03/2021

Breakout is upward 100% of the time.

Average rise: 69%.

Throwbacks occur 54% of the time.

Price hits measure rule target 90% of the time.

Industry: Telecom. Equipment

Industry RS rank: 51 out of 59

Stock RS rank: 207 out of 573

6/3/21 close: $58.38

1 Month avg volatility: $1.31. Volatility stop (for upward breakout): $55.33 or 5.2% below the close.

Change YTD: 10.46%

Volume: 5,759,700 shares. 3 month avg: 3,226,991 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: Ugly double bottom reversal pattern from 05/12/2021 to 05/28/2021

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 8%.

Throwbacks occur 59% of the time.

Price hits measure rule target 76% of the time.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 23 out of 59

Stock RS rank: 74 out of 573

6/3/21 close: $123.36

1 Month avg volatility: $2.44. Volatility stop (for upward breakout): $116.22 or 5.8% below the close.

Change YTD: 41.19%

Volume: 603,200 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: Triangle, ascending reversal pattern from 05/10/2021 to 05/28/2021

Breakout is upward 70% of the time.

Average rise: 35%.

Break-even failure rate: 13%.

Throwbacks occur 57% of the time.

Price hits measure rule target 75% of the time.

Industry: E-Commerce

Industry RS rank: 49 out of 59

Stock RS rank: 453 out of 573

6/3/21 close: $46.91

1 Month avg volatility: $1.27. Volatility stop (for upward breakout): $43.69 or 6.9% below the close.

Change YTD: 6.52%

Volume: 475,300 shares. 3 month avg: 697,858 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: Ugly double bottom reversal pattern from 05/11/2021 to 06/01/2021

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 8%.

Throwbacks occur 59% of the time.

Price hits measure rule target 76% of the time.

Industry: Precision Instrument

Industry RS rank: 50 out of 59

Stock RS rank: 424 out of 573

6/3/21 close: $241.01

1 Month avg volatility: $4.40. Volatility stop (for downward breakout): $251.53 or 4.4% above the close.

Change YTD: 8.49%

Volume: 3,251,400 shares. 3 month avg: 2,378,355 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: Triple top reversal pattern from 04/23/2021 to 05/28/2021

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: Shoe

Industry RS rank: 12 out of 59

Stock RS rank: 257 out of 573

6/3/21 close: $328.84

1 Month avg volatility: $11.44. Volatility stop (for upward breakout): $298.14 or 9.3% below the close.

Change YTD: 14.67%

Volume: 290,600 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 06/03/2021

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: Metal Fabricating

Industry RS rank: 14 out of 59

Stock RS rank: 118 out of 573

6/3/21 close: $60.54

1 Month avg volatility: $2.95. Volatility stop (for upward breakout): $52.28 or 13.7% below the close.

Change YTD: 39.98%

Volume: 201,100 shares. 3 month avg: 60,208 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: Pipe bottom reversal pattern from 05/17/2021 to 05/24/2021

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: 54 out of 59

Stock RS rank: 510 out of 573

6/3/21 close: $193.43

1 Month avg volatility: $3.66. Volatility stop (for downward breakout): $202.24 or 4.6% above the close.

Change YTD: -10.21%

Volume: 1,367,300 shares. 3 month avg: 1,112,569 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: Triangle, descending reversal pattern from 05/11/2021 to 05/28/2021

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: Building Materials

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

Industry RS rank: 18 out of 59

Stock RS rank: 178 out of 573

6/3/21 close: $26.08

1 Month avg volatility: $0.70. Volatility stop (for downward breakout): $27.59 or 5.8% above the close.

Change YTD: 27.97%

Volume: 143,000 shares. 3 month avg: 83,558 shares.

This security may be thinly traded (less than 100k 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 bottom continuation pattern from 05/12/2021 to 06/03/2021

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: Building Materials

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

Industry RS rank: 18 out of 59

Stock RS rank: 8 out of 573

6/3/21 close: $6.51

1 Month avg volatility: $0.39. Volatility stop (for upward breakout): $5.44 or 16.5% below the close.

Change YTD: 92.04%

Volume: 101,300 shares. 3 month avg: 278,209 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: Triangle, symmetrical continuation pattern from 05/18/2021 to 06/03/2021

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: Insurance (Prop/Casualty)

Industry RS rank: 23 out of 59

Stock RS rank: 111 out of 573

6/3/21 close: $26.32

1 Month avg volatility: $0.43. Volatility stop (for upward breakout): $25.15 or 4.4% below the close.

Change YTD: 33.54%

Volume: 1,237,900 shares. 3 month avg: 1,253,378 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, ascending reversal pattern from 05/10/2021 to 06/01/2021

Breakout is upward 70% of the time.

Average rise: 35%.

Break-even failure rate: 13%.

Throwbacks occur 57% of the time.

Price hits measure rule target 75% of the time.

Industry: Diversified Co.

Industry RS rank: 41 out of 59

Stock RS rank: 378 out of 573

6/3/21 close: $274.44

1 Month avg volatility: $4.71. Volatility stop (for upward breakout): $260.41 or 5.1% below the close.

Change YTD: 9.42%

Volume: 642,000 shares. 3 month avg: 619,245 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 03/10/2021 to 06/02/2021

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: Metals and Mining (Div.)

Industry RS rank: 15 out of 59

Stock RS rank: 9 out of 573

6/3/21 close: $11.80

1 Month avg volatility: $0.98. Volatility stop (for downward breakout): $14.26 or 20.8% above the close.

Change YTD: 68.09%

Volume: 1,436,700 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: Dead-cat bounce continuation pattern from 05/28/2021 to 05/28/2021

Breakout is downward 67% of the time.

Average decline: 18%.

 

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