As of 04/24/2024   Indus: 38,461 -42.77 -0.1%     Trans: 15,078 -358.61 -2.3%     Utils: 893 +6.79 +0.8%     Nasdaq: 15,713 +16.11 +0.1%     S&P 500: 5,072 +1.08 +0.0%	YTD  +2.0%   -5.2%    +1.3%    +4.7%    +6.3%	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 04/24/2024   Indus: 38,461 -42.77 -0.1%     Trans: 15,078 -358.61 -2.3%     Utils: 893 +6.79 +0.8%     Nasdaq: 15,713 +16.11 +0.1%     S&P 500: 5,072 +1.08 +0.0%	YTD  +2.0%   -5.2%    +1.3%    +4.7%    +6.3%
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 © 2022 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

Weekly screen for chart patterns found in the last week. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Medical Services

Industry RS rank: 16 out of 60

Stock RS rank: 561 out of 562

6/23/22 close: $1.16

1 Month avg volatility: $0.16. Volatility stop (for upward breakout): $0.68 or 41.0% below the close.

Change YTD: -77.78%

Volume: 2,166,000 shares. 3 month avg: 533,922 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: Flag, high and tight continuation pattern from 05/20/2022 to 06/07/2022

Breakout is upward 100% of the time.

Average rise: 69%.

Throwbacks occur 54% of the time.

Price hits measure rule target 90% 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: 442 out of 562

6/23/22 close: $42.95

1 Month avg volatility: $2.28. Volatility stop (for downward breakout): $47.58 or 10.8% above the close.

Change YTD: -34.13%

Volume: 152,100 shares. 3 month avg: 141,992 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: Horn top reversal pattern from 05/23/2022 to 06/06/2022

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: Biotechnology

Industry RS rank: 23 out of 60

Stock RS rank: 503 out of 562

6/23/22 close: $23.50

1 Month avg volatility: $0.77. Volatility stop (for upward breakout): $21.03 or 10.5% below the close.

Change YTD: -34.41%

Volume: 237,000 shares. 3 month avg: 71,871 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 Tuesday.

 

Chart pattern: Big W reversal pattern from 05/06/2022 to 06/13/2022

Breakout is upward 71% of the time.

Average rise: 31%.

Break-even failure rate: 11%.

Throwbacks occur 32% of the time.

Price hits measure rule target 42% of the time.

Industry: Retail Building Supply

Industry RS rank: 46 out of 60

Stock RS rank: 218 out of 562

6/23/22 close: $49.50

1 Month avg volatility: $2.17. Volatility stop (for downward breakout): $54.01 or 9.1% above the close.

Change YTD: -13.69%

Volume: 661,600 shares. 3 month avg: 811,195 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: Triple top reversal pattern from 05/06/2022 to 06/07/2022

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: Biotechnology

Industry RS rank: 23 out of 60

Stock RS rank: 206 out of 562

6/23/22 close: $211.38

1 Month avg volatility: $5.67. Volatility stop (for upward breakout): $196.37 or 7.1% below the close.

Change YTD: -11.90%

Volume: 857,200 shares. 3 month avg: 1,244,726 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: Double Bottom, Eve and Eve reversal pattern from 05/09/2022 to 06/16/2022

Breakout is upward 100% of the time.

Average rise: 40%.

Break-even failure rate: 4%.

Throwbacks occur 55% of the time.

Price hits measure rule target 67% of the time.

Industry: Toiletries/Cosmetics

Industry RS rank: 52 out of 60

Stock RS rank: 414 out of 562

6/23/22 close: $7.50

1 Month avg volatility: $0.31. Volatility stop (for upward breakout): $6.69 or 10.8% below the close.

Change YTD: -28.57%

Volume: 8,604,500 shares. 3 month avg: 5,764,371 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: Ugly double bottom reversal pattern from 05/25/2022 to 06/13/2022

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 8%.

Throwbacks occur 59% of the time.

Price hits measure rule target 76% of the time.

Industry: Retail Store

Industry RS rank: 24 out of 60

Stock RS rank: 162 out of 562

6/23/22 close: $243.82

1 Month avg volatility: $16.04. Volatility stop (for downward breakout): $293.76 or 20.5% above the close.

Change YTD: -0.49%

Volume: 275,400 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: Pipe top reversal pattern from 05/31/2022 to 06/06/2022

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: Air Transport

Industry RS rank: 19 out of 60

Stock RS rank: 194 out of 562

6/23/22 close: $228.13

1 Month avg volatility: $7.09. Volatility stop (for upward breakout): $210.19 or 7.9% below the close.

Change YTD: -11.80%

Volume: 3,904,500 shares. 3 month avg: 1,372,055 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: Three Rising Valleys reversal pattern from 05/02/2022 to 06/13/2022

Breakout is upward 100% of the time.

Average rise: 41%.

Break-even failure rate: 5%.

Throwbacks occur 60% of the time.

Price hits measure rule target 58% of the time.

Industry: Food Processing

Industry RS rank: 7 out of 60

Stock RS rank: 149 out of 562

6/23/22 close: $26.00

1 Month avg volatility: $0.76. Volatility stop (for upward breakout): $22.85 or 12.1% below the close.

Change YTD: -5.80%

Volume: 793,800 shares. 3 month avg: 288,512 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: Double Bottom, Adam and Adam reversal pattern from 05/24/2022 to 06/17/2022

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: Insurance (Life)

Industry RS rank: 14 out of 60

Stock RS rank: 270 out of 562

6/23/22 close: $3.48

1 Month avg volatility: $0.12. Volatility stop (for downward breakout): $3.78 or 8.5% above the close.

Change YTD: -14.07%

Volume: 3,265,400 shares. 3 month avg: 4,022,160 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 top reversal pattern from 05/05/2022 to 05/27/2022

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 8 out of 60

Stock RS rank: 74 out of 562

6/23/22 close: $141.23

1 Month avg volatility: $2.83. Volatility stop (for downward breakout): $148.02 or 4.8% above the close.

Change YTD: 7.76%

Volume: 227,800 shares. 3 month avg: 201,215 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: Triple top reversal pattern from 05/17/2022 to 06/08/2022

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: Food Processing

Industry RS rank: 7 out of 60

Stock RS rank: 55 out of 562

6/23/22 close: $218.11

1 Month avg volatility: $4.35. Volatility stop (for upward breakout): $206.34 or 5.4% below the close.

Change YTD: 12.74%

Volume: 801,000 shares. 3 month avg: 973,146 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: Double Bottom, Adam and Adam reversal pattern from 05/19/2022 to 06/16/2022

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: 9 out of 60

Stock RS rank: 248 out of 562

6/23/22 close: $174.57

1 Month avg volatility: $3.87. Volatility stop (for downward breakout): $186.36 or 6.8% above the close.

Change YTD: -16.28%

Volume: 3,331,000 shares. 3 month avg: 2,744,942 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 complex top reversal pattern from 03/29/2022 to 06/07/2022

Breakout is downward 100% of the time.

Average decline: 23%.

Break-even failure rate: 4%.

Pullbacks occur 67% of the time.

Price hits measure rule target 53% of the time.

Industry: Metal Fabricating

Industry RS rank: 27 out of 60

Stock RS rank: 499 out of 562

6/23/22 close: $22.14

1 Month avg volatility: $0.77. Volatility stop (for downward breakout): $24.57 or 11.0% above the close.

Change YTD: -38.35%

Volume: 1,137,100 shares. 3 month avg: 854,403 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, Adam and Eve reversal pattern from 04/20/2022 to 06/06/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 14%.

Pullbacks occur 59% of the time.

Price hits measure rule target 69% of the time.

Industry: Semiconductor Cap Equip.

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

Industry RS rank: 57 out of 60

Stock RS rank: 367 out of 562

6/23/22 close: $42.58

1 Month avg volatility: $2.07. Volatility stop (for downward breakout): $47.73 or 12.1% above the close.

Change YTD: -29.67%

Volume: 700,500 shares. 3 month avg: 518,337 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: Broadening top reversal pattern from 05/09/2022 to 06/02/2022

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: Oilfield Svcs/Equipment

Industry RS rank: 3 out of 60

Stock RS rank: 3 out of 562

6/23/22 close: $14.55

1 Month avg volatility: $0.98. Volatility stop (for downward breakout): $17.58 or 20.8% above the close.

Change YTD: 72.19%

Volume: 5,361,400 shares. 3 month avg: 3,925,269 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, Adam and Eve reversal pattern from 05/31/2022 to 06/08/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 14%.

Pullbacks occur 59% of the time.

Price hits measure rule target 69% of the time.

Industry: Healthcare Information

Industry RS rank: 30 out of 60

Stock RS rank: 210 out of 562

6/23/22 close: $36.06

1 Month avg volatility: $0.77. Volatility stop (for downward breakout): $37.91 or 5.1% above the close.

Change YTD: -12.41%

Volume: 460,000 shares. 3 month avg: 544,129 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 top reversal pattern from 04/26/2022 to 05/26/2022

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 8 out of 60

Stock RS rank: 83 out of 562

6/23/22 close: $109.75

1 Month avg volatility: $2.60. Volatility stop (for downward breakout): $118.19 or 7.7% above the close.

Change YTD: 6.92%

Volume: 3,152,500 shares. 3 month avg: 3,017,600 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 05/31/2022 to 06/07/2022

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: Oilfield Svcs/Equipment

Industry RS rank: 3 out of 60

Stock RS rank: 48 out of 562

6/23/22 close: $34.98

1 Month avg volatility: $2.00. Volatility stop (for downward breakout): $41.76 or 19.4% above the close.

Change YTD: 16.79%

Volume: 27,959,600 shares. 3 month avg: 8,320,412 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: Double Top, Adam and Adam reversal pattern from 05/31/2022 to 06/08/2022

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: IT Services

Industry RS rank: 32 out of 60

Stock RS rank: 377 out of 562

6/23/22 close: $485.53

1 Month avg volatility: $20.51. Volatility stop (for downward breakout): $527.77 or 8.7% above the close.

Change YTD: -25.20%

Volume: 1,429,900 shares. 3 month avg: 1,411,754 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: Pipe top reversal pattern from 05/31/2022 to 06/06/2022

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: Air Transport

Industry RS rank: 19 out of 60

Stock RS rank: 241 out of 562

6/23/22 close: $35.94

1 Month avg volatility: $1.44. Volatility stop (for downward breakout): $39.14 or 8.9% above the close.

Change YTD: -16.11%

Volume: 6,484,400 shares. 3 month avg: 5,071,869 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: Three Falling Peaks reversal pattern from 04/21/2022 to 06/01/2022

Breakout is downward 100% of the time.

Average decline: 17%.

Break-even failure rate: 12%.

Pullbacks occur 59% of the time.

Price hits measure rule target 33% of the time.

Industry: Metal Fabricating

Industry RS rank: 27 out of 60

Stock RS rank: 350 out of 562

6/23/22 close: $51.81

1 Month avg volatility: $1.73. Volatility stop (for downward breakout): $56.74 or 9.5% above the close.

Change YTD: -25.23%

Volume: 438,600 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 Wednesday.

 

Chart pattern: Triple top reversal pattern from 04/20/2022 to 06/07/2022

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: Internet

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

Industry RS rank: 50 out of 60

Stock RS rank: 495 out of 562

6/23/22 close: $6.38

1 Month avg volatility: $0.46. Volatility stop (for downward breakout): $7.48 or 17.3% above the close.

Change YTD: -32.27%

Volume: 87,900 shares. 3 month avg: 22,411 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 Tuesday.

 

Chart pattern: Double Top, Adam and Adam reversal pattern from 05/03/2022 to 05/16/2022

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: Air Transport

Industry RS rank: 19 out of 60

Stock RS rank: 256 out of 562

6/23/22 close: $178.63

1 Month avg volatility: $4.22. Volatility stop (for upward breakout): $166.79 or 6.6% below the close.

Change YTD: -16.66%

Volume: 2,909,700 shares. 3 month avg: 2,659,363 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: Double Bottom, Adam and Adam reversal pattern from 06/13/2022 to 06/17/2022

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: Healthcare Information

Industry RS rank: 30 out of 60

Stock RS rank: 362 out of 562

6/23/22 close: $199.92

1 Month avg volatility: $7.30. Volatility stop (for upward breakout): $174.31 or 12.8% below the close.

Change YTD: -21.75%

Volume: 1,646,700 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: Ugly double bottom reversal pattern from 05/18/2022 to 06/16/2022

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 8%.

Throwbacks occur 59% of the time.

Price hits measure rule target 76% of the time.

 

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