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 07/15/2021 and 07/22/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Telecom. Equipment

Industry RS rank: 58 out of 60

Stock RS rank: 126 out of 574

7/22/21 close: $21.29

1 Month avg volatility: $0.89. Volatility stop (for upward breakout): $18.49 or 13.1% below the close.

Change YTD: 44.14%

Volume: 443,200 shares. 3 month avg: 348,746 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: Broadening wedge, descending reversal pattern from 06/08/2021 to 07/21/2021

Breakout is upward 79% of the time.

Average rise: 33%.

Break-even failure rate: 6%.

Throwbacks occur 53% of the time.

Price hits measure rule target 79% of the time.

Industry: Insurance (Life)

Industry RS rank: 45 out of 60

Stock RS rank: 412 out of 574

7/22/21 close: $31.00

1 Month avg volatility: $0.90. Volatility stop (for upward breakout): $28.77 or 7.2% below the close.

Change YTD: 12.08%

Volume: 305,000 shares. 3 month avg: 625,883 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 Bottom, Adam and Adam reversal pattern from 07/08/2021 to 07/19/2021

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: Medical Supplies

Industry RS rank: 23 out of 60

Stock RS rank: 419 out of 574

7/22/21 close: $80.51

1 Month avg volatility: $1.01. Volatility stop (for downward breakout): $82.73 or 2.8% above the close.

Change YTD: 0.34%

Volume: 874,600 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: Triangle, descending reversal pattern from 06/15/2021 to 07/16/2021

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: Insurance (Prop/Casualty)

Industry RS rank: 33 out of 60

Stock RS rank: 98 out of 574

7/22/21 close: $115.02

1 Month avg volatility: $2.27. Volatility stop (for downward breakout): $121.65 or 5.8% above the close.

Change YTD: 31.65%

Volume: 344,000 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: Rectangle bottom continuation pattern from 06/18/2021 to 07/22/2021

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: Household Products

Industry RS rank: 55 out of 60

Stock RS rank: 498 out of 574

7/22/21 close: $180.71

1 Month avg volatility: $3.70. Volatility stop (for downward breakout): $191.96 or 6.2% above the close.

Change YTD: -10.50%

Volume: 2,259,300 shares. 3 month avg: 971,306 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: Broadening top reversal pattern from 06/29/2021 to 07/22/2021

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: Telecom. Equipment

Industry RS rank: 58 out of 60

Stock RS rank: 350 out of 574

7/22/21 close: $40.43

1 Month avg volatility: $0.66. Volatility stop (for upward breakout): $39.01 or 3.5% below the close.

Change YTD: 12.31%

Volume: 2,281,600 shares. 3 month avg: 5,449,098 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: Broadening top, right-angled and descending continuation pattern from 06/25/2021 to 07/22/2021

Breakout is upward 51% of the time.

Average rise: 28%.

Break-even failure rate: 19%.

Throwbacks occur 52% of the time.

Price hits measure rule target 63% of the time.

Industry: Semiconductor

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

Industry RS rank: 51 out of 60

Stock RS rank: 557 out of 574

7/22/21 close: $36.08

1 Month avg volatility: $1.05. Volatility stop (for upward breakout): $33.85 or 6.2% below the close.

Change YTD: -16.13%

Volume: 326,700 shares. 3 month avg: 748,688 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 Bottom, Adam and Adam reversal pattern from 07/08/2021 to 07/19/2021

WARNING: A dead-cat bounce occurred on 04/29/2021. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 07/29/2021 and a 38% chance by 10/28/2021.

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: Aerospace/Defense

Industry RS rank: 21 out of 60

Stock RS rank: 106 out of 574

7/22/21 close: $190.57

1 Month avg volatility: $2.66. Volatility stop (for upward breakout): $184.49 or 3.2% below the close.

Change YTD: 28.05%

Volume: 518,500 shares. 3 month avg: 1,076,035 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 bottom reversal pattern from 06/18/2021 to 07/19/2021

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 4%.

Throwbacks occur 64% of the time.

Price hits measure rule target 64% of the time.

Industry: Human Resources

Industry RS rank: 14 out of 60

Stock RS rank: 324 out of 574

7/22/21 close: $92.61

1 Month avg volatility: $1.79. Volatility stop (for upward breakout): $88.83 or 4.1% below the close.

Change YTD: 13.74%

Volume: 98,600 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 07/22/2021

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: Homebuilding

Industry RS rank: 11 out of 60

Stock RS rank: 437 out of 574

7/22/21 close: $40.51

1 Month avg volatility: $1.14. Volatility stop (for upward breakout): $37.62 or 7.1% below the close.

Change YTD: 20.85%

Volume: 1,782,500 shares. 3 month avg: 2,684,634 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: Triple bottom reversal pattern from 07/08/2021 to 07/19/2021

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 4%.

Throwbacks occur 64% of the time.

Price hits measure rule target 64% of the time.

Industry: Food Processing

Industry RS rank: 35 out of 60

Stock RS rank: 280 out of 574

7/22/21 close: $62.77

1 Month avg volatility: $0.86. Volatility stop (for upward breakout): $60.80 or 3.1% below the close.

Change YTD: 0.87%

Volume: 2,287,000 shares. 3 month avg: 3,593,774 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 bottom reversal pattern from 06/22/2021 to 07/20/2021

Breakout is upward 53% of the time.

Average rise: 27%.

Break-even failure rate: 10%.

Throwbacks occur 41% of the time.

Price hits measure rule target 59% of the time.

Industry: Aerospace/Defense

Industry RS rank: 21 out of 60

Stock RS rank: 135 out of 574

7/22/21 close: $226.12

1 Month avg volatility: $3.25. Volatility stop (for upward breakout): $219.24 or 3.0% below the close.

Change YTD: 19.63%

Volume: 583,500 shares. 3 month avg: 1,674,089 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, Eve and Adam reversal pattern from 06/29/2021 to 07/19/2021

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: Building Materials

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

Industry RS rank: 44 out of 60

Stock RS rank: 6 out of 574

7/22/21 close: $7.67

1 Month avg volatility: $0.59. Volatility stop (for upward breakout): $6.07 or 20.9% below the close.

Change YTD: 126.25%

Volume: 479,700 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: Double Bottom, Adam and Adam reversal pattern from 07/08/2021 to 07/19/2021

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: Building Materials

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

Industry RS rank: 44 out of 60

Stock RS rank: 423 out of 574

7/22/21 close: $58.95

1 Month avg volatility: $0.92. Volatility stop (for upward breakout): $57.06 or 3.2% below the close.

Change YTD: 7.32%

Volume: 1,433,800 shares. 3 month avg: 2,351,771 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 bottom reversal pattern from 06/18/2021 to 07/21/2021

Breakout is upward 53% of the time.

Average rise: 27%.

Break-even failure rate: 10%.

Throwbacks occur 41% of the time.

Price hits measure rule target 59% of the time.

Industry: Household Products

Industry RS rank: 55 out of 60

Stock RS rank: 274 out of 574

7/22/21 close: $26.94

1 Month avg volatility: $0.57. Volatility stop (for upward breakout): $25.67 or 4.7% below the close.

Change YTD: 26.90%

Volume: 1,285,200 shares. 3 month avg: 7,205,206 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: Triangle, symmetrical continuation pattern from 06/01/2021 to 07/22/2021

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: E-Commerce

Industry RS rank: 19 out of 60

Stock RS rank: 312 out of 574

7/22/21 close: $50.93

1 Month avg volatility: $0.70. Volatility stop (for upward breakout): $49.38 or 3.0% below the close.

Change YTD: 12.03%

Volume: 294,800 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: Scallop, ascending and inverted continuation pattern from 05/19/2021 to 07/19/2021

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: Retail Building Supply

Industry RS rank: 26 out of 60

Stock RS rank: 383 out of 574

7/22/21 close: $77.45

1 Month avg volatility: $2.37. Volatility stop (for upward breakout): $70.81 or 8.6% below the close.

Change YTD: 13.31%

Volume: 141,600 shares. 3 month avg: 94,083 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: Head-and-shoulders bottom reversal pattern from 06/22/2021 to 07/19/2021

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: Cement and Aggregates

Industry RS rank: 25 out of 60

Stock RS rank: 270 out of 574

7/22/21 close: $176.05

1 Month avg volatility: $3.34. Volatility stop (for upward breakout): $167.60 or 4.8% below the close.

Change YTD: 18.70%

Volume: 400,200 shares. 3 month avg: 770,269 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 07/22/2021

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: 12 out of 60

Stock RS rank: 476 out of 574

7/22/21 close: $196.83

1 Month avg volatility: $4.46. Volatility stop (for upward breakout): $184.86 or 6.1% below the close.

Change YTD: -3.29%

Volume: 165,700 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: Triangle, symmetrical continuation pattern from 06/29/2021 to 07/16/2021

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.

 

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