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.
 
Acuity Brands, Inc (AYI)
Industry: Furn/Home Furnishings
Industry RS rank: 22 out of 60
Stock RS rank: 98 out of 554
10/13/22 close: $171.20
1 Month avg volatility: $5.84. Volatility stop (for upward breakout): $151.29 or 11.6% below the close.
Change YTD: -19.14%
Volume: 376,000 shares. 3 month avg: 670,414 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 complex bottom reversal pattern from 09/06/2022 to 10/07/2022
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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Albemarle Corp. (ALB)
Industry: Chemical (Diversified)
Industry RS rank: 21 out of 60
Stock RS rank: 21 out of 554
10/13/22 close: $256.00
1 Month avg volatility: $13.35. Volatility stop (for downward breakout): $284.63 or 11.2% above the close.
Change YTD: 9.51%
Volume: 2,679,100 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: Diamond top reversal pattern from 08/12/2022 to 10/11/2022
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.

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Bassett Furniture Industries Inc (BSET)
Industry: Furn/Home Furnishings
Industry RS rank: 22 out of 60
Stock RS rank: 71 out of 554
10/13/22 close: $18.05
1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $16.28 or 9.8% below the close.
Change YTD: 7.63%
Volume: 75,000 shares. 3 month avg: 28,538 shares.
This security may be thinly traded (less than 100k 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: Double Bottom, Adam and Adam reversal pattern from 09/30/2022 to 10/07/2022
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.

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Black Hills Corp (BKH)
Industry: Electric Utility (West)
Industry RS rank: 34 out of 60
Stock RS rank: 330 out of 554
10/13/22 close: $62.43
1 Month avg volatility: $1.91. Volatility stop (for downward breakout): $67.16 or 7.6% above the close.
Change YTD: -11.53%
Volume: 1,202,300 shares. 3 month avg: 512,838 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: Double Top, Eve and Adam reversal pattern from 08/19/2022 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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Cal-Maine Foods Inc (CALM)
Industry: Food Processing
Industry RS rank: 6 out of 60
Stock RS rank: 35 out of 554
10/13/22 close: $60.17
1 Month avg volatility: $2.35. Volatility stop (for downward breakout): $64.88 or 7.8% above the close.
Change YTD: 62.67%
Volume: 965,300 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: Pipe top reversal pattern from 09/19/2022 to 09/26/2022
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.

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Campbell Soup Co (CPB)
Industry: Food Processing
Industry RS rank: 6 out of 60
Stock RS rank: 45 out of 554
10/13/22 close: $50.62
1 Month avg volatility: $0.98. Volatility stop (for upward breakout): $46.71 or 7.7% below the close.
Change YTD: 16.47%
Volume: 2,660,700 shares. 3 month avg: 2,769,580 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: Triple bottom reversal pattern from 09/15/2022 to 10/07/2022
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 4%.
Throwbacks occur 64% of the time.
Price hits measure rule target 64% of the time.

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Cognex (CGNX)
Industry: Precision Instrument
Industry RS rank: 19 out of 60
Stock RS rank: 508 out of 554
10/13/22 close: $42.89
1 Month avg volatility: $1.40. Volatility stop (for downward breakout): $46.20 or 7.7% above the close.
Change YTD: -44.84%
Volume: 628,900 shares. 3 month avg: 1,157,365 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: Rectangle bottom continuation pattern from 08/22/2022 to 10/12/2022
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.

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DJ 30 Industrials (^DJI)
Industry: None
Industry RS rank: 45 out of 60
10/13/22 close: $30,038.72
1 Month avg volatility: $573.07. Volatility stop (for upward breakout): $27,514.79 or 8.4% below the close.
Change YTD: -17.34%
Volume: 320,971,200 shares. 3 month avg: 321,021,120 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: Diamond bottom reversal pattern from 09/26/2022 to 10/11/2022
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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Evolent Health, Inc (EVH)
Industry: Healthcare Information
Industry RS rank: 41 out of 60
Stock RS rank: 90 out of 554
10/13/22 close: $31.08
1 Month avg volatility: $1.46. Volatility stop (for downward breakout): $34.09 or 9.7% above the close.
Change YTD: 12.32%
Volume: 1,011,400 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: Head-and-shoulders top reversal pattern from 08/24/2022 to 10/04/2022
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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Five9 Inc (FIVN)
Industry: Computer Software and Svcs
Industry RS rank: 49 out of 60
Stock RS rank: 538 out of 554
10/13/22 close: $55.38
1 Month avg volatility: $3.23. Volatility stop (for downward breakout): $62.98 or 13.7% above the close.
Change YTD: -59.67%
Volume: 1,683,900 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: Dead-cat bounce continuation pattern from 10/10/2022 to 10/10/2022
Breakout is downward 67% of the time.
Average decline: 18%.

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Fortinet Inc (FTNT)
Industry: Computer Software and Svcs
Industry RS rank: 49 out of 60
Stock RS rank: 430 out of 554
10/13/22 close: $49.20
1 Month avg volatility: $1.76. Volatility stop (for downward breakout): $53.15 or 8.0% above the close.
Change YTD: -31.55%
Volume: 5,080,700 shares. 3 month avg: 1,532,971 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: Double Top, Adam and Adam reversal pattern from 09/12/2022 to 10/06/2022
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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Fresh Del Monte Produce (FDP)
Industry: Food Processing
Industry RS rank: 6 out of 60
Stock RS rank: 131 out of 554
10/13/22 close: $25.62
1 Month avg volatility: $0.70. Volatility stop (for upward breakout): $23.01 or 10.2% below the close.
Change YTD: -7.17%
Volume: 150,400 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, Eve and Adam reversal pattern from 09/29/2022 to 10/07/2022
Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

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Insperity (NSP)
Industry: Human Resources
Industry RS rank: 14 out of 60
Stock RS rank: 47 out of 554
10/13/22 close: $109.99
1 Month avg volatility: $3.04. Volatility stop (for upward breakout): $98.40 or 10.5% below the close.
Change YTD: -6.87%
Volume: 185,400 shares. 3 month avg: 131,942 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 bottom reversal pattern from 09/23/2022 to 10/07/2022
Breakout is upward 100% of the time.
Average rise: 38%.
Break-even failure rate: 3%.
Throwbacks occur 45% of the time.
Price hits measure rule target 74% of the time.

Top

Insteel Industries Inc (IIIN)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 16 out of 60
Stock RS rank: 377 out of 554
10/13/22 close: $28.71
1 Month avg volatility: $0.93. Volatility stop (for upward breakout): $25.49 or 11.2% below the close.
Change YTD: -27.88%
Volume: 163,800 shares. 3 month avg: 163,711 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Head-and-shoulders bottom reversal pattern from 09/07/2022 to 10/12/2022
Breakout is upward 100% of the time.
Average rise: 38%.
Break-even failure rate: 3%.
Throwbacks occur 45% of the time.
Price hits measure rule target 74% of the time.

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Manhattan Associates (MANH)
Industry: IT Services
Industry RS rank: 27 out of 60
Stock RS rank: 144 out of 554
10/13/22 close: $127.63
1 Month avg volatility: $3.82. Volatility stop (for downward breakout): $136.43 or 6.9% above the close.
Change YTD: -17.92%
Volume: 493,500 shares. 3 month avg: 726,191 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 08/17/2022 to 10/06/2022
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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Manpower Inc. (MAN)
Industry: Human Resources
Industry RS rank: 14 out of 60
Stock RS rank: 311 out of 554
10/13/22 close: $71.46
1 Month avg volatility: $2.09. Volatility stop (for upward breakout): $61.21 or 14.3% below the close.
Change YTD: -26.58%
Volume: 545,800 shares. 3 month avg: 353,946 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: Double Bottom, Eve and Adam reversal pattern from 09/29/2022 to 10/13/2022
Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

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Merck and Co., Inc. (MRK)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 29 out of 60
Stock RS rank: 56 out of 554
10/13/22 close: $92.49
1 Month avg volatility: $1.61. Volatility stop (for upward breakout): $86.05 or 7.0% below the close.
Change YTD: 20.68%
Volume: 9,374,300 shares. 3 month avg: 11,487,503 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: Rounding bottom continuation pattern from 08/19/2022 to 10/13/2022
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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Nasdaq Composite (^IXIC)
Industry: None
Industry RS rank: 45 out of 60
10/13/22 close: $10,649.15
1 Month avg volatility: $254.08. Volatility stop (for upward breakout): $9,580.68 or 10.0% below the close.
Change YTD: -31.93%
Volume: 0 shares. Could not calculate the 3 month avg volume.
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 bottom reversal pattern from 09/23/2022 to 10/11/2022
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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Owens and Minor Inc (OMI)
Industry: Medical Supplies
Industry RS rank: 57 out of 60
Stock RS rank: 550 out of 554
10/13/22 close: $15.37
1 Month avg volatility: $1.13. Volatility stop (for downward breakout): $17.75 or 15.5% above the close.
Change YTD: -64.67%
Volume: 2,788,200 shares. 3 month avg: 1,209,165 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: Dead-cat bounce continuation pattern from 10/12/2022 to 10/12/2022
Breakout is downward 67% of the time.
Average decline: 18%.

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Patterson Companies Inc. (PDCO)
Industry: Medical Supplies
Industry RS rank: 57 out of 60
Stock RS rank: 374 out of 554
10/13/22 close: $26.42
1 Month avg volatility: $0.74. Volatility stop (for upward breakout): $23.52 or 11.0% below the close.
Change YTD: -9.98%
Volume: 1,448,100 shares. 3 month avg: 1,885,975 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 bottom reversal pattern from 09/07/2022 to 10/12/2022
Breakout is upward 100% of the time.
Average rise: 38%.
Break-even failure rate: 3%.
Throwbacks occur 45% of the time.
Price hits measure rule target 74% of the time.

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RLI Corp (RLI)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 12 out of 60
Stock RS rank: 83 out of 554
10/13/22 close: $110.00
1 Month avg volatility: $2.27. Volatility stop (for upward breakout): $100.51 or 8.6% below the close.
Change YTD: -1.87%
Volume: 130,000 shares. 3 month avg: 149,782 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: Double Bottom, Eve and Adam reversal pattern from 09/27/2022 to 10/07/2022
Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

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Schwab, Charles Corporation (SCHW)
Industry: Securities Brokerage
Industry RS rank: 11 out of 60
Stock RS rank: 210 out of 554
10/13/22 close: $74.07
1 Month avg volatility: $2.04. Volatility stop (for downward breakout): $78.66 or 6.2% above the close.
Change YTD: -11.93%
Volume: 9,240,300 shares. 3 month avg: 6,527,123 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, right-angled and ascending reversal pattern from 08/26/2022 to 10/13/2022
Breakout is downward 66% of the time.
Average decline: 15%.
Break-even failure rate: 20%.
Pullbacks occur 65% of the time.
Price hits measure rule target 32% of the time.

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Transocean Inc. (RIG)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 53 out of 60
Stock RS rank: 491 out of 554
10/13/22 close: $2.95
1 Month avg volatility: $0.18. Volatility stop (for upward breakout): $2.39 or 19.1% below the close.
Change YTD: 6.88%
Volume: 21,393,400 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: Pipe bottom reversal pattern from 09/19/2022 to 09/26/2022
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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W. R. Berkley Corp (WRB)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 12 out of 60
Stock RS rank: 73 out of 554
10/13/22 close: $71.49
1 Month avg volatility: $1.56. Volatility stop (for upward breakout): $63.65 or 11.0% below the close.
Change YTD: 30.16%
Volume: 1,347,800 shares. 3 month avg: 444,512 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, Eve and Adam reversal pattern from 08/03/2022 to 09/26/2022
Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

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