As of 03/28/2024
  Indus: 39,807 +47.29 +0.1%  
  Trans: 16,212 +183.07 +1.1%  
  Utils: 882 +7.51 +0.9%  
  Nasdaq: 16,379 -20.06 -0.1%  
  S&P 500: 5,254 +5.86 +0.1%  
YTD
 +5.6%  
 +2.0%  
 +0.1%  
 +9.1%  
 +10.2%  
  Targets    Overview: 03/13/2024  
  Up arrow40,000 or 38,500 by 04/01/2024
  Up arrow16,300 or 15,350 by 04/01/2024
  Up arrow885 or 830 by 04/01/2024
  Up arrow16,600 or 15,200 by 04/01/2024
  Up arrow5,350 or 5,100 by 04/01/2024
As of 03/28/2024
  Indus: 39,807 +47.29 +0.1%  
  Trans: 16,212 +183.07 +1.1%  
  Utils: 882 +7.51 +0.9%  
  Nasdaq: 16,379 -20.06 -0.1%  
  S&P 500: 5,254 +5.86 +0.1%  
YTD
 +5.6%  
 +2.0%  
 +0.1%  
 +9.1%  
 +10.2%  
  Targets    Overview: 03/13/2024  
  Up arrow40,000 or 38,500 by 04/01/2024
  Up arrow16,300 or 15,350 by 04/01/2024
  Up arrow885 or 830 by 04/01/2024
  Up arrow16,600 or 15,200 by 04/01/2024
  Up arrow5,350 or 5,100 by 04/01/2024

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.

Definitions
RS is relative strength (where 1 is best). For other definitions, see the glossary.
’Breakout is upward/downward 100% of the time’ means price breaks out up/down by definition, not by statistically measuring the rate.
All numbers assume a bull market and are based on the breakout direction that occurs most often.
For more information, consult my book, Encyclopedia of Chart Patterns.
 
Alarm.com Holdings inc (ALRM)
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.

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American Eagle Outfitters Inc. (AEO)
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.

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Brady Corp (BRC)
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.

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Cadence Design Systems Inc (CDNS)
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.

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Cal-Maine Foods Inc (CALM)
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.

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Edison International (EIX)
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.

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Haynes International Inc. (HAYN)
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.

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Invitae Corp (NVTA)
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.

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Kellogg Co (K)
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.

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Matrix Service Co. (MTRX)
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.

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Murphy Oil Corporation (MUR)
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.

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Rambus Inc (RMBS)
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.

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Southern Copper (SCCO)
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.

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