As of 04/19/2024
  Indus: 37,986 +211.02 +0.6%  
  Trans: 15,084 +136.79 +0.9%  
  Utils: 876 +15.31 +1.8%  
  Nasdaq: 15,282 -319.49 -2.0%  
  S&P 500: 4,967 -43.89 -0.9%  
YTD
 +0.8%  
-5.1%  
-0.7%  
 +1.8%  
 +4.1%  
  Targets    Overview: 04/12/2024  
  Up arrow39,800 or 37,150 by 05/01/2024
  Up arrow16,200 or 15,000 by 05/01/2024
  Up arrow885 or 850 by 05/01/2024
  Up arrow16,700 or 15,800 by 05/01/2024
  Up arrow5,250 or 5,025 by 05/01/2024
As of 04/19/2024
  Indus: 37,986 +211.02 +0.6%  
  Trans: 15,084 +136.79 +0.9%  
  Utils: 876 +15.31 +1.8%  
  Nasdaq: 15,282 -319.49 -2.0%  
  S&P 500: 4,967 -43.89 -0.9%  
YTD
 +0.8%  
-5.1%  
-0.7%  
 +1.8%  
 +4.1%  
  Targets    Overview: 04/12/2024  
  Up arrow39,800 or 37,150 by 05/01/2024
  Up arrow16,200 or 15,000 by 05/01/2024
  Up arrow885 or 850 by 05/01/2024
  Up arrow16,700 or 15,800 by 05/01/2024
  Up arrow5,250 or 5,025 by 05/01/2024

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.
 
Albemarle Corp. (ALB)
Industry: Chemical (Diversified)
Industry RS rank: 4 out of 60
Stock RS rank: 3 out of 559
9/15/22 close: $286.75
1 Month avg volatility: $11.22. Volatility stop (for downward breakout): $326.28 or 13.8% above the close.
Change YTD: 22.66%
Volume: 1,613,500 shares. 3 month avg: 1,363,352 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 08/15/2022 to 09/14/2022
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.

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Alcoa (AA)
Industry: Aerospace/Defense
Industry RS rank: 14 out of 60
Stock RS rank: 538 out of 559
9/15/22 close: $43.14
1 Month avg volatility: $2.49. Volatility stop (for downward breakout): $50.52 or 17.1% above the close.
Change YTD: -27.59%
Volume: 8,433,000 shares. 3 month avg: 8,355,648 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: Head-and-shoulders top reversal pattern from 08/11/2022 to 09/12/2022
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.

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Anika Therapeutics Inc (ANIK)
Industry: Biotechnology
Industry RS rank: 33 out of 60
Stock RS rank: 306 out of 559
9/15/22 close: $22.83
1 Month avg volatility: $0.88. Volatility stop (for upward breakout): $20.50 or 10.2% below the close.
Change YTD: -36.28%
Volume: 57,400 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: Diamond bottom reversal pattern from 08/30/2022 to 09/15/2022
Breakout is upward 69% of the time.
Average rise: 36%.
Break-even failure rate: 4%.
Throwbacks occur 53% of the time.
Price hits measure rule target 81% of the time.

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Booze Allen Hamilton Holding Corp (BAH)
Industry: IT Services
Industry RS rank: 18 out of 60
Stock RS rank: 61 out of 559
9/15/22 close: $92.49
1 Month avg volatility: $1.48. Volatility stop (for downward breakout): $97.67 or 5.6% above the close.
Change YTD: 9.08%
Volume: 879,000 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: Head-and-shoulders top reversal pattern from 08/01/2022 to 09/12/2022
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.

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ConAgra Brands Inc (CAG)
Industry: Food Processing
Industry RS rank: 6 out of 60
Stock RS rank: 87 out of 559
9/15/22 close: $33.62
1 Month avg volatility: $0.60. Volatility stop (for downward breakout): $34.96 or 4.0% above the close.
Change YTD: -1.55%
Volume: 2,554,700 shares. 3 month avg: 3,423,360 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: Head-and-shoulders complex top reversal pattern from 08/01/2022 to 09/12/2022
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.

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CROCS Inc (CROX)
Industry: Shoe
Industry RS rank: 12 out of 60
Stock RS rank: 151 out of 559
9/15/22 close: $77.41
1 Month avg volatility: $3.67. Volatility stop (for downward breakout): $87.26 or 12.7% above the close.
Change YTD: -39.63%
Volume: 1,302,000 shares. 3 month avg: 1,230,068 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Broadening top reversal pattern from 08/16/2022 to 09/12/2022
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.

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DJ 15 Utilities (^DJU)
Industry: None
Industry RS rank: 39 out of 60
9/15/22 close: $1,015.98
1 Month avg volatility: $15.96. Volatility stop (for upward breakout): $982.15 or 3.3% below the close.
Change YTD: 3.59%
Volume: 61,601,300 shares. 3 month avg: 43,948,960 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: Three Rising Valleys reversal pattern from 06/17/2022 to 09/01/2022
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.

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Dominion Resources Inc. (D)
Industry: Electric Utility (East)
Industry RS rank: 8 out of 60
Stock RS rank: 147 out of 559
9/15/22 close: $80.92
1 Month avg volatility: $1.33. Volatility stop (for downward breakout): $85.14 or 5.2% above the close.
Change YTD: 3.00%
Volume: 4,792,200 shares. 3 month avg: 2,249,422 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: Head-and-shoulders top reversal pattern from 08/04/2022 to 09/12/2022
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.

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eBay, Inc. (EBAY)
Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 44 out of 60
Stock RS rank: 431 out of 559
9/15/22 close: $42.66
1 Month avg volatility: $1.26. Volatility stop (for upward breakout): $39.90 or 6.5% below the close.
Change YTD: -35.85%
Volume: 6,717,000 shares. 3 month avg: 8,868,903 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 bottom reversal pattern from 08/29/2022 to 09/14/2022
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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Elevance Health (ELV)
Industry: Medical Services
Industry RS rank: 25 out of 60
Stock RS rank: 120 out of 559
9/15/22 close: $485.33
1 Month avg volatility: $10.23. Volatility stop (for upward breakout): $452.57 or 6.8% below the close.
Change YTD: 4.70%
Volume: 736,100 shares. 3 month avg: 1,162,854 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 bottom reversal pattern from 08/26/2022 to 09/14/2022
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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Exelon Corp. (EXC)
Industry: Electric Utility (East)
Industry RS rank: 8 out of 60
Stock RS rank: 157 out of 559
9/15/22 close: $43.24
1 Month avg volatility: $0.91. Volatility stop (for downward breakout): $45.92 or 6.2% above the close.
Change YTD: -25.14%
Volume: 5,729,700 shares. 3 month avg: 5,244,875 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 07/29/2022 to 09/12/2022
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.

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FirstEnergy Corp. (FE)
Industry: Electric Utility (East)
Industry RS rank: 8 out of 60
Stock RS rank: 235 out of 559
9/15/22 close: $40.42
1 Month avg volatility: $0.72. Volatility stop (for downward breakout): $42.78 or 5.9% above the close.
Change YTD: -2.81%
Volume: 4,049,000 shares. 3 month avg: 4,155,280 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: Rising wedge reversal pattern from 07/29/2022 to 09/15/2022
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.

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Harsco Corp (HSC)
Industry: Diversified Co.
Industry RS rank: 53 out of 60
Stock RS rank: 557 out of 559
9/15/22 close: $5.15
1 Month avg volatility: $0.29. Volatility stop (for upward breakout): $4.38 or 15.0% below the close.
Change YTD: -69.18%
Volume: 861,900 shares. 3 month avg: 523,465 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 wedge, descending reversal pattern from 08/11/2022 to 09/12/2022
WARNING: A dead-cat bounce occurred on 07/15/2022. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 10/14/2022 and a 38% chance by 01/13/2023.
Breakout is upward 79% of the time.
Average rise: 33%.
Break-even failure rate: 6%.
Throwbacks occur 53% of the time.
Price hits measure rule target 79% of the time.

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HealthEquity, Inc (HQY)
Industry: Healthcare Information
Industry RS rank: 26 out of 60
Stock RS rank: 13 out of 559
9/15/22 close: $72.61
1 Month avg volatility: $2.37. Volatility stop (for upward breakout): $66.29 or 8.7% below the close.
Change YTD: 64.13%
Volume: 1,084,200 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: Rounding bottom continuation pattern from 06/21/2022 to 09/15/2022
Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 5%.
Throwbacks occur 40% of the time.
Price hits measure rule target 57% of the time.

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Helmerich and Payne Inc. (HP)
Industry: Petroleum (Producing)
Industry RS rank: 2 out of 60
Stock RS rank: 44 out of 559
9/15/22 close: $44.14
1 Month avg volatility: $2.04. Volatility stop (for upward breakout): $39.82 or 9.8% below the close.
Change YTD: 86.24%
Volume: 782,700 shares. 3 month avg: 1,326,055 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: Triangle, ascending reversal pattern from 07/29/2022 to 09/14/2022
Breakout is upward 70% of the time.
Average rise: 35%.
Break-even failure rate: 13%.
Throwbacks occur 57% of the time.
Price hits measure rule target 75% of the time.

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IDACORP Inc (IDA)
Industry: Electric Utility (West)
Industry RS rank: 10 out of 60
Stock RS rank: 178 out of 559
9/15/22 close: $107.23
1 Month avg volatility: $1.73. Volatility stop (for downward breakout): $111.73 or 4.2% above the close.
Change YTD: -5.37%
Volume: 136,400 shares. 3 month avg: 199,551 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: Head-and-shoulders top reversal pattern from 08/01/2022 to 09/12/2022
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.

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Kforce Inc (KFRC)
Industry: Human Resources
Industry RS rank: 40 out of 60
Stock RS rank: 372 out of 559
9/15/22 close: $60.66
1 Month avg volatility: $1.57. Volatility stop (for upward breakout): $55.16 or 9.1% below the close.
Change YTD: -19.36%
Volume: 203,400 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 Eve reversal pattern from 08/11/2022 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.

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L3Harris Technologies (LHX)
Industry: Aerospace/Defense
Industry RS rank: 14 out of 60
Stock RS rank: 209 out of 559
9/15/22 close: $228.43
1 Month avg volatility: $4.94. Volatility stop (for downward breakout): $243.37 or 6.5% above the close.
Change YTD: 7.12%
Volume: 942,700 shares. 3 month avg: 1,243,274 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: Three Falling Peaks reversal pattern from 08/02/2022 to 08/26/2022
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.

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Lilly, Eli and Co. (LLY)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 32 out of 60
Stock RS rank: 52 out of 559
9/15/22 close: $309.47
1 Month avg volatility: $7.23. Volatility stop (for upward breakout): $291.30 or 5.9% below the close.
Change YTD: 12.04%
Volume: 2,345,000 shares. 3 month avg: 3,358,597 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: Triangle, symmetrical continuation pattern from 07/28/2022 to 09/15/2022
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.

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Manpower Inc. (MAN)
Industry: Human Resources
Industry RS rank: 40 out of 60
Stock RS rank: 460 out of 559
9/15/22 close: $72.47
1 Month avg volatility: $1.90. Volatility stop (for upward breakout): $67.96 or 6.2% below the close.
Change YTD: -25.54%
Volume: 426,500 shares. 3 month avg: 353,946 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: Diamond bottom reversal pattern from 09/01/2022 to 09/15/2022
Breakout is upward 69% of the time.
Average rise: 36%.
Break-even failure rate: 4%.
Throwbacks occur 53% of the time.
Price hits measure rule target 81% of the time.

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Matrix Service Co. (MTRX)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 22 out of 60
Stock RS rank: 527 out of 559
9/15/22 close: $5.15
1 Month avg volatility: $0.23. Volatility stop (for downward breakout): $5.81 or 12.9% above the close.
Change YTD: -31.52%
Volume: 97,900 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: Head-and-shoulders top reversal pattern from 08/12/2022 to 09/12/2022
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.

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National Fuel Gas (NFG)
Industry: Natural Gas (Diversified)
Industry RS rank: 1 out of 60
Stock RS rank: 95 out of 559
9/15/22 close: $70.84
1 Month avg volatility: $1.46. Volatility stop (for upward breakout): $67.73 or 4.4% below the close.
Change YTD: 10.79%
Volume: 675,000 shares. 3 month avg: 355,354 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: Broadening bottom reversal pattern from 09/06/2022 to 09/15/2022
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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Nisource Inc. (NI)
Industry: Electric Utility (Central)
Industry RS rank: 9 out of 60
Stock RS rank: 179 out of 559
9/15/22 close: $28.96
1 Month avg volatility: $0.53. Volatility stop (for downward breakout): $30.72 or 6.1% above the close.
Change YTD: 4.89%
Volume: 6,246,800 shares. 3 month avg: 3,688,512 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: Head-and-shoulders top reversal pattern from 08/01/2022 to 09/12/2022
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.

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Pinnacle West Capital Corp (PNW)
Industry: Electric Utility (West)
Industry RS rank: 10 out of 60
Stock RS rank: 154 out of 559
9/15/22 close: $73.82
1 Month avg volatility: $1.29. Volatility stop (for downward breakout): $78.07 or 5.8% above the close.
Change YTD: 4.58%
Volume: 1,014,400 shares. 3 month avg: 750,734 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 Top, Eve and Adam reversal pattern from 08/16/2022 to 09/12/2022
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.

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Skechers USA Inc (SKX)
Industry: Shoe
Industry RS rank: 12 out of 60
Stock RS rank: 224 out of 559
9/15/22 close: $36.16
1 Month avg volatility: $1.10. Volatility stop (for downward breakout): $39.01 or 7.9% above the close.
Change YTD: -16.68%
Volume: 1,121,600 shares. 3 month avg: 3,234,920 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 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.

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Steelcase (SCS)
Industry: Furn/Home Furnishings
Industry RS rank: 46 out of 60
Stock RS rank: 415 out of 559
9/15/22 close: $9.60
1 Month avg volatility: $0.32. Volatility stop (for downward breakout): $11.14 or 16.1% above the close.
Change YTD: -18.09%
Volume: 1,798,100 shares. 3 month avg: 708,518 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, Adam and Adam reversal pattern from 08/16/2022 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.

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U.S Silica Holdings Inc (SLCA)
Industry: Metals and Mining (Div.)
Industry RS rank: 49 out of 60
Stock RS rank: 329 out of 559
9/15/22 close: $13.05
1 Month avg volatility: $0.73. Volatility stop (for upward breakout): $11.44 or 12.3% below the close.
Change YTD: 38.83%
Volume: 855,700 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: Diamond bottom reversal pattern from 09/01/2022 to 09/15/2022
Breakout is upward 69% of the time.
Average rise: 36%.
Break-even failure rate: 4%.
Throwbacks occur 53% of the time.
Price hits measure rule target 81% of the time.

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Unum Group (UNM)
Industry: Insurance (Diversified)
Industry RS rank: 20 out of 60
Stock RS rank: 7 out of 559
9/15/22 close: $40.70
1 Month avg volatility: $0.83. Volatility stop (for upward breakout): $38.27 or 6.0% below the close.
Change YTD: 65.65%
Volume: 2,259,600 shares. 3 month avg: 1,168,134 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: Pipe bottom reversal pattern from 08/29/2022 to 09/06/2022
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.

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Wolfspeed (WOLF)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 60 out of 60
Stock RS rank: 29 out of 559
9/15/22 close: $116.97
1 Month avg volatility: $5.40. Volatility stop (for upward breakout): $105.02 or 10.2% below the close.
Change YTD: 4.65%
Volume: 2,723,800 shares. 3 month avg: 2,005,123 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: Cup with handle continuation pattern from 04/20/2022 to 09/15/2022
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 5%.
Throwbacks occur 58% of the time.
Price hits measure rule target 50% of the time.

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Xcel Energy, Inc (XEL)
Industry: Electric Utility (West)
Industry RS rank: 10 out of 60
Stock RS rank: 90 out of 559
9/15/22 close: $73.38
1 Month avg volatility: $1.27. Volatility stop (for downward breakout): $77.61 or 5.8% above the close.
Change YTD: 8.39%
Volume: 3,594,700 shares. 3 month avg: 3,202,808 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 Top, Eve and Eve reversal pattern from 08/18/2022 to 09/12/2022
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.

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First Trust DJ Internet ETF (FDN)
Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 44 out of 60
Stock RS rank: 421 out of 559
9/15/22 close: $138.59
1 Month avg volatility: $3.49. Volatility stop (for upward breakout): $130.84 or 5.6% below the close.
Change YTD: -38.71%
Volume: 695,900 shares. 3 month avg: 212,098 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 bottom reversal pattern from 06/25/2018 to 07/02/2018
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.

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