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 09/09/2021 and 09/16/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Air Transport

Industry RS rank: 39 out of 60

Stock RS rank: 531 out of 572

9/16/21 close: $57.02

1 Month avg volatility: $1.60. Volatility stop (for downward breakout): $60.81 or 6.7% above the close.

Change YTD: 9.65%

Volume: 1,378,500 shares. 3 month avg: 1,966,126 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: Broadening top reversal pattern from 08/25/2021 to 09/15/2021

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: IT Services

Industry RS rank: 8 out of 60

Stock RS rank: 384 out of 572

9/16/21 close: $77.87

1 Month avg volatility: $1.09. Volatility stop (for upward breakout): $75.55 or 3.0% below the close.

Change YTD: 9.78%

Volume: 409,000 shares. 3 month avg: 895,243 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 07/12/2021 to 09/16/2021

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.

Industry: Retail Building Supply

Industry RS rank: 16 out of 60

Stock RS rank: 169 out of 572

9/16/21 close: $52.80

1 Month avg volatility: $1.35. Volatility stop (for upward breakout): $49.72 or 5.8% below the close.

Change YTD: 29.38%

Volume: 1,839,000 shares. 3 month avg: 1,257,223 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: Scallop, ascending and inverted continuation pattern from 08/19/2021 to 09/15/2021

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: Metals and Mining (Div.)

Industry RS rank: 49 out of 60

Stock RS rank: 543 out of 572

9/16/21 close: $13.05

1 Month avg volatility: $0.66. Volatility stop (for downward breakout): $14.75 or 13.0% above the close.

Change YTD: 18.31%

Volume: 1,866,200 shares. 3 month avg: 2,285,742 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: Rising wedge reversal pattern from 08/12/2021 to 09/16/2021

WARNING: A dead-cat bounce occurred on 08/05/2021. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/04/2021 and a 38% chance by 02/03/2022.

Breakout is downward 69% of the time.

Average decline: 14%.

Break-even failure rate: 24%.

Pullbacks occur 63% of the time.

Price hits measure rule target 46% of the time.

Industry: Metals and Mining (Div.)

Industry RS rank: 49 out of 60

Stock RS rank: 38 out of 572

9/16/21 close: $23.07

1 Month avg volatility: $1.02. Volatility stop (for upward breakout): $20.33 or 11.9% below the close.

Change YTD: 58.45%

Volume: 14,037,600 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: Falling wedge from 08/11/2021 to 09/16/2021

Breakout is upward 68% of the time.

Average rise: 32%.

Break-even failure rate: 11%.

Throwbacks occur 56% of the time.

Price hits measure rule target 70% of the time.

Industry: Machinery

Industry RS rank: 47 out of 60

Stock RS rank: 367 out of 572

9/16/21 close: $119.60

1 Month avg volatility: $2.23. Volatility stop (for upward breakout): $112.25 or 6.2% below the close.

Change YTD: 2.79%

Volume: 336,300 shares. 3 month avg: 230,622 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 08/02/2021 to 09/10/2021

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: Retail Store

Industry RS rank: 4 out of 60

Stock RS rank: 2 out of 572

9/16/21 close: $202.54

1 Month avg volatility: $9.44. Volatility stop (for upward breakout): $183.36 or 9.5% below the close.

Change YTD: 221.24%

Volume: 245,600 shares. 3 month avg: 658,302 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 08/13/2021 to 09/16/2021

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: Semiconductor

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

Industry RS rank: 24 out of 60

Stock RS rank: 500 out of 572

9/16/21 close: $39.04

1 Month avg volatility: $0.97. Volatility stop (for upward breakout): $36.43 or 6.7% below the close.

Change YTD: -9.25%

Volume: 212,100 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: Scallop, ascending and inverted continuation pattern from 08/19/2021 to 09/15/2021

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

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: Diversified Co.

Industry RS rank: 41 out of 60

Stock RS rank: 419 out of 572

9/16/21 close: $101.34

1 Month avg volatility: $2.45. Volatility stop (for upward breakout): $95.91 or 5.4% below the close.

Change YTD: 17.29%

Volume: 5,923,800 shares. 3 month avg: 74,714,158 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 07/21/2021 to 09/16/2021

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: Advertising

Industry RS rank: 27 out of 60

Stock RS rank: 70 out of 572

9/16/21 close: $37.07

1 Month avg volatility: $0.68. Volatility stop (for downward breakout): $39.11 or 5.5% above the close.

Change YTD: 57.61%

Volume: 2,572,100 shares. 3 month avg: 6,516,800 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 top reversal pattern from 08/25/2021 to 09/16/2021

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: Building Materials

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

Industry RS rank: 51 out of 60

Stock RS rank: 6 out of 572

9/16/21 close: $9.00

1 Month avg volatility: $0.42. Volatility stop (for upward breakout): $7.90 or 12.2% below the close.

Change YTD: 165.49%

Volume: 274,600 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 08/05/2021 to 09/13/2021

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: Trucking/Transp. Leasing

Industry RS rank: 33 out of 60

Stock RS rank: 403 out of 572

9/16/21 close: $15.67

1 Month avg volatility: $0.36. Volatility stop (for downward breakout): $16.60 or 6.0% above the close.

Change YTD: -9.05%

Volume: 388,100 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: Diamond top reversal pattern from 08/23/2021 to 09/16/2021

Breakout is downward 69% of the time.

Average decline: 21%.

Break-even failure rate: 6%.

Pullbacks occur 57% of the time.

Price hits measure rule target 76% of the time.

Industry: Human Resources

Industry RS rank: 5 out of 60

Stock RS rank: 40 out of 572

9/16/21 close: $102.95

1 Month avg volatility: $1.50. Volatility stop (for upward breakout): $99.69 or 3.2% below the close.

Change YTD: 64.77%

Volume: 435,400 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: Rectangle top continuation pattern from 08/16/2021 to 09/16/2021

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: Chemical (Specialty)

Industry RS rank: 56 out of 60

Stock RS rank: 546 out of 572

9/16/21 close: $12.25

1 Month avg volatility: $0.31. Volatility stop (for downward breakout): $13.04 or 6.5% above the close.

Change YTD: -26.65%

Volume: 325,200 shares. 3 month avg: 64,734 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 Monday.

 

Chart pattern: Rectangle bottom continuation pattern from 07/06/2021 to 09/14/2021

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: 51 out of 60

Stock RS rank: 145 out of 572

9/16/21 close: $108.30

1 Month avg volatility: $2.82. Volatility stop (for downward breakout): $114.54 or 5.8% above the close.

Change YTD: 29.36%

Volume: 355,900 shares. 3 month avg: 245,355 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: Double Top, Eve and Eve reversal pattern from 09/02/2021 to 09/13/2021

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.