As of 10/03/2022
  Indus: 29,491 +765.38 +2.7%  
  Trans: 12,465 +406.70 +3.4%  
  Utils: 915 +26.32 +3.0%  
  Nasdaq: 10,815 +239.81 +2.3%  
  S&P 500: 3,678 +92.81 +2.6%  
YTD
-18.8%  
-24.4%  
-6.7%  
-30.9%  
-22.8%  
  Targets    Overview: 09/15/2022  
  Up arrow30,800 or 27,500 by 10/15/2022
  Up arrow13,800 or 11,800 by 10/15/2022
  Up arrow950 or 850 by 10/15/2022
  Up arrow11,500 or 9,700 by 10/15/2022
  Up arrow3,800 or 3,500 by 10/15/2022
CPI (updated daily): Arrows on 10/3/22
As of 10/03/2022
  Indus: 29,491 +765.38 +2.7%  
  Trans: 12,465 +406.70 +3.4%  
  Utils: 915 +26.32 +3.0%  
  Nasdaq: 10,815 +239.81 +2.3%  
  S&P 500: 3,678 +92.81 +2.6%  
YTD
-18.8%  
-24.4%  
-6.7%  
-30.9%  
-22.8%  
  Targets    Overview: 09/15/2022  
  Up arrow30,800 or 27,500 by 10/15/2022
  Up arrow13,800 or 11,800 by 10/15/2022
  Up arrow950 or 850 by 10/15/2022
  Up arrow11,500 or 9,700 by 10/15/2022
  Up arrow3,800 or 3,500 by 10/15/2022
CPI (updated daily): Arrows on 10/3/22

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.

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.
 
ADTRAN Inc (ADTN)
Industry: Telecom. Equipment
Industry RS rank: 54 out of 60
Stock RS rank: 175 out of 560
9/8/22 close: $19.89
1 Month avg volatility: $0.84. Volatility stop (for downward breakout): $22.03 or 10.8% above the close.
Change YTD: -12.88%
Volume: 754,700 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: Double Top, Eve and Eve reversal pattern from 08/04/2022 to 08/19/2022
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.

Top

Boeing Company, The (BA)
Industry: Aerospace/Defense
Industry RS rank: 25 out of 60
Stock RS rank: 356 out of 560
9/8/22 close: $157.79
1 Month avg volatility: $4.55. Volatility stop (for downward breakout): $167.41 or 6.1% above the close.
Change YTD: -21.62%
Volume: 4,891,500 shares. 3 month avg: 3,332,308 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: Head-and-shoulders top reversal pattern from 08/01/2022 to 08/26/2022
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.

Top

Cal-Maine Foods Inc (CALM)
Industry: Food Processing
Industry RS rank: 3 out of 60
Stock RS rank: 11 out of 560
9/8/22 close: $56.83
1 Month avg volatility: $1.65. Volatility stop (for upward breakout): $52.05 or 8.4% below the close.
Change YTD: 53.64%
Volume: 814,800 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: Double Bottom, Adam and Eve reversal pattern from 08/23/2022 to 09/01/2022
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 5%.
Throwbacks occur 59% of the time.
Price hits measure rule target 66% of the time.

Top

Celanese Corp (CE)
Industry: Chemical (Basic)
Industry RS rank: 39 out of 60
Stock RS rank: 441 out of 560
9/8/22 close: $112.34
1 Month avg volatility: $3.17. Volatility stop (for downward breakout): $118.87 or 5.8% above the close.
Change YTD: -33.15%
Volume: 838,600 shares. 3 month avg: 691,697 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 Top, Eve and Adam reversal pattern from 08/16/2022 to 08/26/2022
Breakout is downward 100% of the time.
Average decline: 15%.
Break-even failure rate: 13%.
Pullbacks occur 64% of the time.
Price hits measure rule target 72% of the time.

Top

Cleveland-Cliffs Inc (CLF)
Industry: Metals and Mining (Div.)
Industry RS rank: 52 out of 60
Stock RS rank: 500 out of 560
9/8/22 close: $17.63
1 Month avg volatility: $0.76. Volatility stop (for downward breakout): $19.43 or 10.2% above the close.
Change YTD: -19.02%
Volume: 13,378,900 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: Double Top, Adam and Adam reversal pattern from 08/11/2022 to 08/26/2022
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.

Top

Everest Re Group Ltd (RE)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 18 out of 60
Stock RS rank: 135 out of 560
9/8/22 close: $285.53
1 Month avg volatility: $4.57. Volatility stop (for upward breakout): $271.48 or 4.9% below the close.
Change YTD: 4.24%
Volume: 205,800 shares. 3 month avg: 566,686 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Ugly double bottom reversal pattern from 08/03/2022 to 08/29/2022
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.

Top

Freeport-McMoRan Copper and Gold B (FCX)
Industry: Metals and Mining (Div.)
Industry RS rank: 52 out of 60
Stock RS rank: 524 out of 560
9/8/22 close: $30.62
1 Month avg volatility: $1.10. Volatility stop (for upward breakout): $26.24 or 14.3% below the close.
Change YTD: -26.62%
Volume: 21,215,800 shares. 3 month avg: 23,596,338 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: Ugly double bottom reversal pattern from 07/14/2022 to 08/03/2022
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.

Top

GameStop Corp (GME)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 45 out of 60
Stock RS rank: 200 out of 560
9/8/22 close: $25.83
1 Month avg volatility: $2.55. Volatility stop (for downward breakout): $31.84 or 23.3% above the close.
Change YTD: -30.37%
Volume: 14,083,200 shares. 3 month avg: 3,063,175 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: Double Top, Adam and Adam reversal pattern from 08/08/2022 to 08/16/2022
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.

Top

Masco Corp. (MAS)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 41 out of 60
Stock RS rank: 249 out of 560
9/8/22 close: $51.18
1 Month avg volatility: $1.33. Volatility stop (for downward breakout): $53.85 or 5.2% above the close.
Change YTD: -27.11%
Volume: 1,338,300 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: Double Top, Adam and Eve reversal pattern from 07/22/2022 to 08/18/2022
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.

Top

Miller, Herman (MLKN)
Industry: Furn/Home Furnishings
Industry RS rank: 43 out of 60
Stock RS rank: 480 out of 560
9/8/22 close: $26.69
1 Month avg volatility: $0.93. Volatility stop (for downward breakout): $28.73 or 7.7% above the close.
Change YTD: -31.90%
Volume: 785,400 shares. 3 month avg: 361,806 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 08/08/2022 to 08/25/2022
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.

Top

Newell Brands Inc (NWL)
Industry: Household Products
Industry RS rank: 19 out of 60
Stock RS rank: 467 out of 560
9/8/22 close: $17.44
1 Month avg volatility: $0.53. Volatility stop (for upward breakout): $15.74 or 9.7% below the close.
Change YTD: -20.15%
Volume: 3,774,100 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: Pipe bottom reversal pattern from 06/13/2022 to 06/21/2022
Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Top

Northrop Grumman Corp (NOC)
Industry: Aerospace/Defense
Industry RS rank: 25 out of 60
Stock RS rank: 86 out of 560
9/8/22 close: $489.73
1 Month avg volatility: $8.60. Volatility stop (for downward breakout): $507.02 or 3.5% above the close.
Change YTD: 26.52%
Volume: 574,600 shares. 3 month avg: 756,831 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: Double Top, Eve and Adam reversal pattern from 08/18/2022 to 08/26/2022
Breakout is downward 100% of the time.
Average decline: 15%.
Break-even failure rate: 13%.
Pullbacks occur 64% of the time.
Price hits measure rule target 72% of the time.

Top

Occidental Petroleum Corp (OXY)
Industry: Petroleum (Producing)
Industry RS rank: 11 out of 60
Stock RS rank: 57 out of 560
9/8/22 close: $64.61
1 Month avg volatility: $2.79. Volatility stop (for downward breakout): $71.79 or 11.1% above the close.
Change YTD: 122.87%
Volume: 21,914,300 shares. 3 month avg: 4,088,786 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 08/29/2022 to 08/29/2022
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.

Top

Procter and Gamble Co (PG)
Industry: Household Products
Industry RS rank: 19 out of 60
Stock RS rank: 284 out of 560
9/8/22 close: $137.86
1 Month avg volatility: $2.21. Volatility stop (for upward breakout): $131.64 or 4.5% below the close.
Change YTD: -15.72%
Volume: 7,168,600 shares. 3 month avg: 7,163,346 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: Ugly double bottom reversal pattern from 06/15/2022 to 07/21/2022
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.

Top

Ralph Lauren Corp. (RL)
Industry: Apparel
Industry RS rank: 47 out of 60
Stock RS rank: 376 out of 560
9/8/22 close: $94.22
1 Month avg volatility: $3.46. Volatility stop (for downward breakout): $101.44 or 7.7% above the close.
Change YTD: -20.73%
Volume: 1,173,300 shares. 3 month avg: 933,391 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Head-and-shoulders top reversal pattern from 07/22/2022 to 08/26/2022
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.

Top

Standex International Corp (SXI)
Industry: Diversified Co.
Industry RS rank: 55 out of 60
Stock RS rank: 440 out of 560
9/8/22 close: $85.88
1 Month avg volatility: $1.94. Volatility stop (for downward breakout): $90.16 or 5.0% above the close.
Change YTD: -22.39%
Volume: 26,800 shares. 3 month avg: 37,109 shares.
This security may be thinly traded (less than 100k 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: Head-and-shoulders top reversal pattern from 07/28/2022 to 08/25/2022
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.

Top

Teleflex Inc (TFX)
Industry: Diversified Co.
Industry RS rank: 55 out of 60
Stock RS rank: 510 out of 560
9/8/22 close: $237.46
1 Month avg volatility: $5.88. Volatility stop (for upward breakout): $219.40 or 7.6% below the close.
Change YTD: -27.71%
Volume: 296,100 shares. 3 month avg: 269,822 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, Adam and Adam reversal pattern from 08/29/2022 to 09/06/2022
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.

Top

Thermo Electron Corp (TMO)
Industry: Precision Instrument
Industry RS rank: 14 out of 60
Stock RS rank: 125 out of 560
9/8/22 close: $566.56
1 Month avg volatility: $10.54. Volatility stop (for downward breakout): $588.26 or 3.8% above the close.
Change YTD: -15.09%
Volume: 1,854,500 shares. 3 month avg: 1,572,766 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 07/29/2022 to 08/15/2022
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.

Top

Transocean Inc. (RIG)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 60 out of 60
Stock RS rank: 488 out of 560
9/8/22 close: $3.60
1 Month avg volatility: $0.18. Volatility stop (for upward breakout): $3.15 or 12.4% below the close.
Change YTD: 30.43%
Volume: 10,847,000 shares. 3 month avg: 13,612,100 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: Triangle, symmetrical continuation pattern from 08/02/2022 to 09/08/2022
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.

Top

V. F. Corp (VFC)
Industry: Apparel
Industry RS rank: 47 out of 60
Stock RS rank: 451 out of 560
9/8/22 close: $42.74
1 Month avg volatility: $1.26. Volatility stop (for downward breakout): $45.27 or 5.9% above the close.
Change YTD: -41.63%
Volume: 2,139,900 shares. 3 month avg: 2,795,366 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: Triple top reversal pattern from 07/20/2022 to 08/16/2022
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.

Top

Werner Enterprises, Inc (WERN)
Industry: Trucking/Transp. Leasing
Industry RS rank: 51 out of 60
Stock RS rank: 308 out of 560
9/8/22 close: $39.18
1 Month avg volatility: $1.11. Volatility stop (for downward breakout): $41.79 or 6.7% above the close.
Change YTD: -17.79%
Volume: 456,800 shares. 3 month avg: 887,242 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 Top, Adam and Adam reversal pattern from 07/29/2022 to 08/16/2022
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.

Top

 

Support this site! Clicking any of the books (below) takes you to Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notices: "As an Amazon Associate I earn from qualifying purchases." Paid links).

My novels:  Bedroom to Boardroom book Remember Me book Bumper's Story book Head's Law book
My stock market books:  Chart Patterns: After the Buy Getting Started in Chart Patterns 2nd edition book Trading Basics book Fundamental Analysis and Position Trading book Swing and Day Trading book Encyclopedia of chart patterns book Encyclopedia of Chart Patterns 3rd Edition book Trading classic chart patterns book

Copyright © 2005-2022 by Thomas N. Bulkowski. All rights reserved.
Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.
Some pattern names are registered trademarks of their respective owners.
Home Advertise Contact Donate Links Privacy/Disclaimer