As of 04/25/2024   Indus: 38,086 -375.12 -1.0%     Trans: 15,297 +219.09 +1.5%     Utils: 895 +1.83 +0.2%     Nasdaq: 15,612 -100.99 -0.6%     S&P 500: 5,048 -23.21 -0.5%	YTD  +1.1%   -3.8%    +1.5%    +4.0%    +5.8%	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 04/25/2024   Indus: 38,086 -375.12 -1.0%     Trans: 15,297 +219.09 +1.5%     Utils: 895 +1.83 +0.2%     Nasdaq: 15,612 -100.99 -0.6%     S&P 500: 5,048 -23.21 -0.5%	YTD  +1.1%   -3.8%    +1.5%    +4.0%    +5.8%
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 07/08/2021 and 07/15/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Insurance (Life)

Industry RS rank: 39 out of 59

Stock RS rank: 122 out of 572

7/15/21 close: $47.10

1 Month avg volatility: $1.19. Volatility stop (for upward breakout): $43.40 or 7.9% below the close.

Change YTD: 49.57%

Volume: 213,600 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: Triangle, ascending reversal pattern from 06/03/2021 to 07/15/2021

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: Drug

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

Industry RS rank: 25 out of 59

Stock RS rank: 395 out of 572

7/15/21 close: $67.43

1 Month avg volatility: $0.84. Volatility stop (for upward breakout): $65.45 or 2.9% below the close.

Change YTD: 8.71%

Volume: 7,468,200 shares. 3 month avg: 5,378,746 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: Triangle, ascending reversal pattern from 05/24/2021 to 07/14/2021

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: Cement and Aggregates

Industry RS rank: 20 out of 59

Stock RS rank: 121 out of 572

7/15/21 close: $138.18

1 Month avg volatility: $3.40. Volatility stop (for upward breakout): $130.44 or 5.6% below the close.

Change YTD: 36.34%

Volume: 283,100 shares. 3 month avg: 553,088 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 06/18/2021 to 07/15/2021

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: Electric Utility (East)

Industry RS rank: 49 out of 59

Stock RS rank: 142 out of 572

7/15/21 close: $37.42

1 Month avg volatility: $0.59. Volatility stop (for upward breakout): $35.76 or 4.5% below the close.

Change YTD: 22.25%

Volume: 2,559,900 shares. 3 month avg: 4,155,280 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 06/23/2021 to 07/12/2021

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: Biotechnology

Industry RS rank: 18 out of 59

Stock RS rank: 278 out of 572

7/15/21 close: $68.30

1 Month avg volatility: $0.99. Volatility stop (for upward breakout): $65.40 or 4.3% below the close.

Change YTD: 17.23%

Volume: 6,090,000 shares. 3 month avg: 8,272,228 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 05/21/2021 to 07/15/2021

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: Biotechnology

Industry RS rank: 18 out of 59

Stock RS rank: 92 out of 572

7/15/21 close: $462.49

1 Month avg volatility: $10.45. Volatility stop (for downward breakout): $486.82 or 5.3% above the close.

Change YTD: 25.00%

Volume: 532,800 shares. 3 month avg: 726,254 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 Adam reversal pattern from 06/28/2021 to 07/13/2021

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: Human Resources

Industry RS rank: 6 out of 59

Stock RS rank: 280 out of 572

7/15/21 close: $93.80

1 Month avg volatility: $1.80. Volatility stop (for upward breakout): $89.62 or 4.5% below the close.

Change YTD: 15.21%

Volume: 112,700 shares. 3 month avg: 131,942 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, ascending reversal pattern from 05/28/2021 to 07/14/2021

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: Cement and Aggregates

Industry RS rank: 20 out of 59

Stock RS rank: 186 out of 572

7/15/21 close: $356.63

1 Month avg volatility: $7.60. Volatility stop (for upward breakout): $338.21 or 5.2% below the close.

Change YTD: 25.59%

Volume: 399,400 shares. 3 month avg: 575,872 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 06/18/2021 to 07/15/2021

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: Natural Gas (Diversified)

Industry RS rank: 24 out of 59

Stock RS rank: 191 out of 572

7/15/21 close: $51.31

1 Month avg volatility: $0.96. Volatility stop (for downward breakout): $53.42 or 4.1% above the close.

Change YTD: 24.75%

Volume: 441,900 shares. 3 month avg: 355,354 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: Triangle, descending reversal pattern from 06/11/2021 to 07/14/2021

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: Drug

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

Industry RS rank: 25 out of 59

Stock RS rank: 314 out of 572

7/15/21 close: $40.09

1 Month avg volatility: $0.48. Volatility stop (for upward breakout): $38.91 or 2.9% below the close.

Change YTD: 8.91%

Volume: 20,197,400 shares. 3 month avg: 24,885,588 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 05/05/2021 to 07/15/2021

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 Services

Industry RS rank: 47 out of 59

Stock RS rank: 351 out of 572

7/15/21 close: $134.07

1 Month avg volatility: $1.72. Volatility stop (for downward breakout): $138.40 or 3.2% above the close.

Change YTD: 12.50%

Volume: 1,117,200 shares. 3 month avg: 1,490,418 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: Scallop, descending continuation pattern from 05/10/2021 to 07/12/2021

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: Insurance (Prop/Casualty)

Industry RS rank: 28 out of 59

Stock RS rank: 418 out of 572

7/15/21 close: $106.07

1 Month avg volatility: $1.81. Volatility stop (for upward breakout): $99.69 or 6.0% below the close.

Change YTD: 1.84%

Volume: 91,700 shares. 3 month avg: 149,782 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, ascending reversal pattern from 06/15/2021 to 07/15/2021

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: Human Resources

Industry RS rank: 6 out of 59

Stock RS rank: 58 out of 572

7/15/21 close: $86.48

1 Month avg volatility: $1.60. Volatility stop (for downward breakout): $90.56 or 4.7% above the close.

Change YTD: 38.41%

Volume: 673,800 shares. 3 month avg: 1,012,069 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 06/16/2021 to 07/15/2021

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: IT Services

Industry RS rank: 21 out of 59

Stock RS rank: 411 out of 572

7/15/21 close: $61.75

1 Month avg volatility: $1.00. Volatility stop (for downward breakout): $64.32 or 4.2% above the close.

Change YTD: 7.45%

Volume: 358,600 shares. 3 month avg: 522,352 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, descending reversal pattern from 05/19/2021 to 07/15/2021

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: Diversified Co.

Industry RS rank: 44 out of 59

Stock RS rank: 55 out of 572

7/15/21 close: $66.90

1 Month avg volatility: $1.59. Volatility stop (for downward breakout): $70.87 or 5.9% above the close.

Change YTD: 38.42%

Volume: 1,225,700 shares. 3 month avg: 1,461,508 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, descending reversal pattern from 06/28/2021 to 07/15/2021

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: Metal Fabricating

Industry RS rank: 48 out of 59

Stock RS rank: 502 out of 572

7/15/21 close: $77.87

1 Month avg volatility: $1.99. Volatility stop (for downward breakout): $82.72 or 6.2% above the close.

Change YTD: 0.66%

Volume: 174,100 shares. 3 month avg: 853,643 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: Rectangle bottom continuation pattern from 06/17/2021 to 07/15/2021

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: Oilfield Svcs/Equipment

Industry RS rank: 27 out of 59

Stock RS rank: 254 out of 572

7/15/21 close: $3.65

1 Month avg volatility: $0.32. Volatility stop (for downward breakout): $4.68 or 28.2% above the close.

Change YTD: 58.01%

Volume: 27,554,300 shares. 3 month avg: 13,612,100 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: Pipe top reversal pattern from 06/28/2021 to 07/06/2021

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: Financial Services

Industry RS rank: 10 out of 59

Stock RS rank: 385 out of 572

7/15/21 close: $23.44

1 Month avg volatility: $0.40. Volatility stop (for downward breakout): $24.44 or 4.3% above the close.

Change YTD: 6.84%

Volume: 5,138,800 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: Scallop, descending continuation pattern from 06/09/2021 to 07/14/2021

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.

 

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