As of 11/22/2024   Indus: 44,297 +426.16 +1.0%     Trans: 17,367 +194.86 +1.1%     Utils: 1,067 -8.74 -0.8%     Nasdaq: 19,004 +31.23 +0.2%     S&P 500: 5,969 +20.63 +0.3%	YTD  +17.5%    +9.2%    +21.0%    +26.6%    +25.1%	Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

As of 11/22/2024   Indus: 44,297 +426.16 +1.0%     Trans: 17,367 +194.86 +1.1%     Utils: 1,067 -8.74 -0.8%     Nasdaq: 19,004 +31.23 +0.2%     S&P 500: 5,969 +20.63 +0.3%	YTD  +17.5%    +9.2%    +21.0%    +26.6%    +25.1%
Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

Patterns for the Weekend Details

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

Weekly screen for chart patterns ending between 08/12/2021 and 08/19/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Computer Software and Svcs

Industry RS rank: 43 out of 60

Stock RS rank: 535 out of 572

8/19/21 close: $77.34

1 Month avg volatility: $2.52. Volatility stop (for downward breakout): $83.20 or 7.6% above the close.

Change YTD: -25.24%

Volume: 225,900 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: Pipe top reversal pattern from 08/02/2021 to 08/09/2021

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: 31 out of 60

Stock RS rank: 75 out of 572

8/19/21 close: $31.81

1 Month avg volatility: $1.26. Volatility stop (for upward breakout): $27.96 or 12.1% below the close.

Change YTD: 58.50%

Volume: 3,386,000 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: Triangle, symmetrical continuation pattern from 06/04/2021 to 08/13/2021

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: Chemical (Diversified)

Industry RS rank: 25 out of 60

Stock RS rank: 390 out of 572

8/19/21 close: $51.46

1 Month avg volatility: $1.14. Volatility stop (for downward breakout): $54.59 or 6.1% above the close.

Change YTD: -2.57%

Volume: 127,400 shares. 3 month avg: 204,463 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 07/26/2021 to 08/16/2021

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: 43 out of 60

Stock RS rank: 275 out of 572

8/19/21 close: $153.27

1 Month avg volatility: $2.75. Volatility stop (for downward breakout): $159.48 or 4.1% above the close.

Change YTD: 12.34%

Volume: 1,427,000 shares. 3 month avg: 2,769,531 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: Broadening top reversal pattern from 08/04/2021 to 08/19/2021

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: Food Processing

Industry RS rank: 40 out of 60

Stock RS rank: 464 out of 572

8/19/21 close: $36.43

1 Month avg volatility: $0.69. Volatility stop (for upward breakout): $34.22 or 6.1% below the close.

Change YTD: -2.96%

Volume: 335,300 shares. 3 month avg: 322,132 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: Head-and-shoulders complex bottom reversal pattern from 07/07/2021 to 08/16/2021

Breakout is upward 100% of the time.

Average rise: 39%.

Break-even failure rate: 4%.

Throwbacks occur 63% of the time.

Price hits measure rule target 74% of the time.

Industry: Electric Utility (West)

Industry RS rank: 21 out of 60

Stock RS rank: 353 out of 572

8/19/21 close: $58.20

1 Month avg volatility: $1.13. Volatility stop (for upward breakout): $55.68 or 4.3% below the close.

Change YTD: -7.35%

Volume: 2,669,000 shares. 3 month avg: 2,498,883 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 05/14/2021 to 08/19/2021

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: Building Materials

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

Industry RS rank: 32 out of 60

Stock RS rank: 35 out of 572

8/19/21 close: $36.89

1 Month avg volatility: $1.55. Volatility stop (for upward breakout): $33.14 or 10.2% below the close.

Change YTD: 54.74%

Volume: 23,200 shares. 3 month avg: 80,035 shares.

This security may be thinly traded (less than 100k 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 07/19/2021 to 08/18/2021

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: 49 out of 60

Stock RS rank: 568 out of 572

8/19/21 close: $24.31

1 Month avg volatility: $1.37. Volatility stop (for downward breakout): $27.79 or 14.3% above the close.

Change YTD: -41.86%

Volume: 2,799,400 shares. 3 month avg: 321,822 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: Pipe top reversal pattern from 08/02/2021 to 08/09/2021

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: Food Processing

Industry RS rank: 40 out of 60

Stock RS rank: 188 out of 572

8/19/21 close: $66.23

1 Month avg volatility: $0.93. Volatility stop (for upward breakout): $63.60 or 4.0% below the close.

Change YTD: 6.43%

Volume: 1,570,600 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 08/17/2021

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: Oilfield Svcs/Equipment

Industry RS rank: 60 out of 60

Stock RS rank: 532 out of 572

8/19/21 close: $10.46

1 Month avg volatility: $0.44. Volatility stop (for upward breakout): $9.38 or 10.4% below the close.

Change YTD: -5.08%

Volume: 83,200 shares. 3 month avg: 303,508 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 bottom reversal pattern from 07/26/2021 to 08/18/2021

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: Petroleum (Integrated)

Industry RS rank: 50 out of 60

Stock RS rank: 76 out of 572

8/19/21 close: $19.38

1 Month avg volatility: $1.00. Volatility stop (for downward breakout): $22.15 or 14.3% above the close.

Change YTD: 60.17%

Volume: 2,618,900 shares. 3 month avg: 2,218,335 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: Horn top reversal pattern from 07/26/2021 to 08/09/2021

Breakout is downward 100% of the time.

Average decline: 21%.

Break-even failure rate: 7%.

Pullbacks occur 33% of the time.

Price hits measure rule target 70% of the time.

Industry: Semiconductor Cap Equip.

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

Industry RS rank: 56 out of 60

Stock RS rank: 289 out of 572

8/19/21 close: $23.39

1 Month avg volatility: $0.53. Volatility stop (for downward breakout): $24.83 or 6.2% above the close.

Change YTD: 33.96%

Volume: 589,800 shares. 3 month avg: 669,732 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: Pipe top reversal pattern from 08/02/2021 to 08/09/2021

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: Metals and Mining (Div.)

Industry RS rank: 45 out of 60

Stock RS rank: 524 out of 572

8/19/21 close: $60.87

1 Month avg volatility: $1.59. Volatility stop (for downward breakout): $64.55 or 6.0% above the close.

Change YTD: -6.53%

Volume: 985,200 shares. 3 month avg: 1,021,280 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, Eve and Eve reversal pattern from 07/29/2021 to 08/13/2021

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.