As of 04/18/2024   Indus: 37,775 +22.07 +0.1%     Trans: 14,947 -39.62 -0.3%     Utils: 860 +6.95 +0.8%     Nasdaq: 15,602 -81.87 -0.5%     S&P 500: 5,011 -11.09 -0.2%	YTD  +0.2%   -6.0%   -2.4%    +3.9%    +5.1%	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 4/1/24

As of 04/18/2024   Indus: 37,775 +22.07 +0.1%     Trans: 14,947 -39.62 -0.3%     Utils: 860 +6.95 +0.8%     Nasdaq: 15,602 -81.87 -0.5%     S&P 500: 5,011 -11.09 -0.2%	YTD  +0.2%   -6.0%   -2.4%    +3.9%    +5.1%
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 4/1/24

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: Electronics

Industry RS rank: 56 out of 60

Stock RS rank: 288 out of 554

11/17/22 close: $10.03

1 Month avg volatility: $0.53. Volatility stop (for upward breakout): $8.56 or 14.7% below the close.

Change YTD: -53.44%

Volume: 1,889,500 shares. 3 month avg: 3,031,971 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: Triple bottom reversal pattern from 09/23/2022 to 11/08/2022

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.

Industry: IT Services

Industry RS rank: 10 out of 60

Stock RS rank: 216 out of 554

11/17/22 close: $287.14

1 Month avg volatility: $7.43. Volatility stop (for upward breakout): $268.48 or 6.5% below the close.

Change YTD: -30.73%

Volume: 1,555,400 shares. 3 month avg: 1,995,040 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: Ugly double bottom reversal pattern from 10/13/2022 to 11/03/2022

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.

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: 207 out of 554

11/17/22 close: $53.08

1 Month avg volatility: $2.34. Volatility stop (for upward breakout): $45.63 or 14.0% below the close.

Change YTD: -18.59%

Volume: 111,300 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 Tuesday.

 

Chart pattern: Head-and-shoulders bottom reversal pattern from 09/27/2022 to 11/04/2022

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.

Industry: Biotechnology

Industry RS rank: 11 out of 60

Stock RS rank: 209 out of 554

11/17/22 close: $158.92

1 Month avg volatility: $4.36. Volatility stop (for downward breakout): $167.70 or 5.5% above the close.

Change YTD: 19.59%

Volume: 1,656,600 shares. 3 month avg: 798,808 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: Diamond top reversal pattern from 10/28/2022 to 11/17/2022

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.

Industry: Biotechnology

Industry RS rank: 11 out of 60

Stock RS rank: 20 out of 554

11/17/22 close: $30.22

1 Month avg volatility: $1.38. Volatility stop (for upward breakout): $27.15 or 10.2% below the close.

Change YTD: -15.66%

Volume: 147,800 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: Cup with handle continuation pattern from 03/03/2022 to 11/10/2022

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.

Industry: Retail Building Supply

Industry RS rank: 17 out of 60

Stock RS rank: 277 out of 554

11/17/22 close: $62.92

1 Month avg volatility: $2.78. Volatility stop (for upward breakout): $55.54 or 11.7% below the close.

Change YTD: -26.59%

Volume: 1,122,300 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: Horn bottom reversal pattern from 10/17/2022 to 10/31/2022

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 9%.

Throwbacks occur 29% of the time.

Price hits measure rule target 76% of the time.

Industry: Food Processing

Industry RS rank: 9 out of 60

Stock RS rank: 429 out of 554

11/17/22 close: $99.49

1 Month avg volatility: $2.99. Volatility stop (for upward breakout): $91.52 or 8.0% below the close.

Change YTD: 6.57%

Volume: 1,018,900 shares. 3 month avg: 1,268,517 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: Cup with handle continuation pattern from 08/30/2022 to 11/08/2022

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.

Industry: Chemical (Basic)

Industry RS rank: 58 out of 60

Stock RS rank: 261 out of 554

11/17/22 close: $102.16

1 Month avg volatility: $5.28. Volatility stop (for upward breakout): $89.72 or 12.2% below the close.

Change YTD: 44.33%

Volume: 1,608,900 shares. 3 month avg: 3,754,700 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: 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.

Industry: Computers and Peripherals

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

Industry RS rank: 52 out of 60

Stock RS rank: 331 out of 554

11/17/22 close: $46.59

1 Month avg volatility: $1.00. Volatility stop (for upward breakout): $43.17 or 7.3% below the close.

Change YTD: -26.48%

Volume: 38,796,900 shares. 3 month avg: 19,682,477 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: Ugly double bottom reversal pattern from 10/13/2022 to 11/03/2022

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.

Industry: Telecom. Equipment

Industry RS rank: 48 out of 60

Stock RS rank: 304 out of 554

11/17/22 close: $33.29

1 Month avg volatility: $0.94. Volatility stop (for upward breakout): $30.77 or 7.6% below the close.

Change YTD: -10.58%

Volume: 2,860,400 shares. 3 month avg: 5,449,098 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: Three Rising Valleys reversal pattern from 09/30/2022 to 10/25/2022

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: Shoe

Industry RS rank: 2 out of 60

Stock RS rank: 2 out of 554

11/17/22 close: $98.31

1 Month avg volatility: $5.40. Volatility stop (for upward breakout): $83.45 or 15.1% below the close.

Change YTD: -23.33%

Volume: 1,477,100 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: Pipe bottom reversal pattern from 10/24/2022 to 10/31/2022

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.

Industry: Precision Instrument

Industry RS rank: 26 out of 60

Stock RS rank: 191 out of 554

11/17/22 close: $259.62

1 Month avg volatility: $7.93. Volatility stop (for upward breakout): $239.11 or 7.9% below the close.

Change YTD: -21.09%

Volume: 2,162,000 shares. 3 month avg: 2,378,355 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: Horn bottom reversal pattern from 10/17/2022 to 10/31/2022

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 9%.

Throwbacks occur 29% of the time.

Price hits measure rule target 76% of the time.

Industry: Metal Fabricating

Industry RS rank: 5 out of 60

Stock RS rank: 492 out of 554

11/17/22 close: $20.28

1 Month avg volatility: $1.55. Volatility stop (for downward breakout): $23.57 or 16.2% above the close.

Change YTD: -48.80%

Volume: 69,800 shares. 3 month avg: 60,208 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 Thursday.

 

Chart pattern: Diamond top reversal pattern from 10/31/2022 to 11/14/2022

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.

Industry: Electric Utility (East)

Industry RS rank: 53 out of 60

Stock RS rank: 497 out of 554

11/17/22 close: $37.48

1 Month avg volatility: $1.01. Volatility stop (for upward breakout): $35.23 or 6.0% below the close.

Change YTD: -35.11%

Volume: 5,340,700 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: Double Bottom, Adam and Adam reversal pattern from 10/13/2022 to 10/20/2022

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: Food Processing

Industry RS rank: 9 out of 60

Stock RS rank: 140 out of 554

11/17/22 close: $27.26

1 Month avg volatility: $0.77. Volatility stop (for upward breakout): $25.49 or 6.5% below the close.

Change YTD: -1.23%

Volume: 107,600 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: Ugly double bottom reversal pattern from 09/29/2022 to 10/20/2022

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: Internet

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

Industry RS rank: 34 out of 60

Stock RS rank: 444 out of 554

11/17/22 close: $98.36

1 Month avg volatility: $3.01. Volatility stop (for upward breakout): $90.77 or 7.7% below the close.

Change YTD: -32.10%

Volume: 25,796,200 shares. 3 month avg: 1,574,874 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: Pipe bottom reversal pattern from 10/31/2022 to 11/07/2022

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.

Industry: Trucking/Transp. Leasing

Industry RS rank: 4 out of 60

Stock RS rank: 82 out of 554

11/17/22 close: $15.97

1 Month avg volatility: $0.57. Volatility stop (for upward breakout): $14.31 or 10.4% below the close.

Change YTD: -5.05%

Volume: 207,100 shares. 3 month avg: 472,148 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: Pipe bottom reversal pattern from 10/31/2022 to 11/07/2022

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.

Industry: Trucking/Transp. Leasing

Industry RS rank: 4 out of 60

Stock RS rank: 153 out of 554

11/17/22 close: $179.27

1 Month avg volatility: $6.03. Volatility stop (for upward breakout): $160.14 or 10.7% below the close.

Change YTD: -12.29%

Volume: 701,700 shares. 3 month avg: 898,451 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: Cup with handle continuation pattern from 08/16/2022 to 11/15/2022

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.

Industry: Drug

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

Industry RS rank: 12 out of 60

Stock RS rank: 114 out of 554

11/17/22 close: $410.44

1 Month avg volatility: $14.77. Volatility stop (for upward breakout): $377.67 or 8.0% below the close.

Change YTD: -37.67%

Volume: 592,100 shares. 3 month avg: 512,494 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: Cup with handle continuation pattern from 08/08/2022 to 11/14/2022

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.

Industry: Human Resources

Industry RS rank: 25 out of 60

Stock RS rank: 69 out of 554

11/17/22 close: $115.45

1 Month avg volatility: $3.51. Volatility stop (for upward breakout): $106.73 or 7.6% below the close.

Change YTD: -2.25%

Volume: 131,500 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: Triangle, symmetrical continuation pattern from 10/31/2022 to 11/17/2022

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.

Industry: Metal Fabricating

Industry RS rank: 5 out of 60

Stock RS rank: 41 out of 554

11/17/22 close: $67.80

1 Month avg volatility: $1.93. Volatility stop (for upward breakout): $62.45 or 7.9% below the close.

Change YTD: 14.22%

Volume: 272,900 shares. 3 month avg: 161,678 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 09/23/2022 to 11/03/2022

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: None

Industry RS rank: 37 out of 60

11/17/22 close: $11,144.96

1 Month avg volatility: $249.22. Volatility stop (for upward breakout): $10,507.77 or 5.7% below the close.

Change YTD: -28.76%

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: Pipe bottom reversal pattern from 10/31/2022 to 11/07/2022

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.

Industry: Internet

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

Industry RS rank: 34 out of 60

Stock RS rank: 5 out of 554

11/17/22 close: $295.28

1 Month avg volatility: $12.90. Volatility stop (for upward breakout): $265.20 or 10.2% below the close.

Change YTD: -50.99%

Volume: 9,733,000 shares. 3 month avg: 6,844,629 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: Pipe bottom reversal pattern from 10/31/2022 to 11/07/2022

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.

Industry: Shoe

Industry RS rank: 2 out of 60

Stock RS rank: 332 out of 554

11/17/22 close: $105.36

1 Month avg volatility: $3.23. Volatility stop (for upward breakout): $96.46 or 8.5% below the close.

Change YTD: -36.79%

Volume: 5,194,900 shares. 3 month avg: 10,538,462 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: Pipe bottom reversal pattern from 09/26/2022 to 10/03/2022

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.

Industry: Petroleum (Producing)

Industry RS rank: 15 out of 60

Stock RS rank: 136 out of 554

11/17/22 close: $71.46

1 Month avg volatility: $2.53. Volatility stop (for downward breakout): $76.54 or 7.1% above the close.

Change YTD: 146.50%

Volume: 11,543,200 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: Diamond top reversal pattern from 10/26/2022 to 11/16/2022

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.

Industry: Drug

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

Industry RS rank: 12 out of 60

Stock RS rank: 342 out of 554

11/17/22 close: $48.33

1 Month avg volatility: $1.08. Volatility stop (for upward breakout): $45.37 or 6.1% below the close.

Change YTD: -18.15%

Volume: 13,154,800 shares. 3 month avg: 34,097,717 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 10/11/2022 to 11/11/2022

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: Chemical (Diversified)

Industry RS rank: 19 out of 60

Stock RS rank: 196 out of 554

11/17/22 close: $126.66

1 Month avg volatility: $3.39. Volatility stop (for upward breakout): $117.80 or 7.0% below the close.

Change YTD: -26.55%

Volume: 1,047,500 shares. 3 month avg: 1,342,054 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 bottom reversal pattern from 10/10/2022 to 10/17/2022

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.

Industry: Shoe

Industry RS rank: 2 out of 60

Stock RS rank: 523 out of 554

11/17/22 close: $26.22

1 Month avg volatility: $1.16. Volatility stop (for upward breakout): $23.47 or 10.5% below the close.

Change YTD: -34.12%

Volume: 20,700 shares. 3 month avg: 41,775 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 Friday.

 

Chart pattern: Cup with handle continuation pattern from 09/12/2022 to 11/11/2022

WARNING: A dead-cat bounce occurred on 08/03/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 02/01/2023.

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.

Industry: Shoe

Industry RS rank: 2 out of 60

Stock RS rank: 180 out of 554

11/17/22 close: $39.89

1 Month avg volatility: $1.36. Volatility stop (for upward breakout): $36.09 or 9.5% below the close.

Change YTD: -8.09%

Volume: 1,419,300 shares. 3 month avg: 3,234,920 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 Adam reversal pattern from 09/30/2022 to 10/27/2022

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: Retail Store

Industry RS rank: 7 out of 60

Stock RS rank: 267 out of 554

11/17/22 close: $162.01

1 Month avg volatility: $5.45. Volatility stop (for upward breakout): $141.82 or 12.5% below the close.

Change YTD: -30.00%

Volume: 11,174,700 shares. 3 month avg: 6,916,209 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: Ugly double bottom reversal pattern from 10/14/2022 to 11/09/2022

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: Biotechnology

Industry RS rank: 11 out of 60

Stock RS rank: 393 out of 554

11/17/22 close: $331.67

1 Month avg volatility: $13.07. Volatility stop (for upward breakout): $302.36 or 8.8% below the close.

Change YTD: -35.89%

Volume: 361,700 shares. 3 month avg: 150,611 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 10/13/2022 to 11/01/2022

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.

Industry: Oilfield Svcs/Equipment

Industry RS rank: 3 out of 60

Stock RS rank: 192 out of 554

11/17/22 close: $4.22

1 Month avg volatility: $0.24. Volatility stop (for upward breakout): $3.64 or 13.8% below the close.

Change YTD: 52.90%

Volume: 18,900,900 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: Flag, high and tight continuation pattern from 09/23/2022 to 11/15/2022

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: Internet

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

Industry RS rank: 34 out of 60

Stock RS rank: 77 out of 554

11/17/22 close: $195.55

1 Month avg volatility: $4.85. Volatility stop (for upward breakout): $183.42 or 6.2% below the close.

Change YTD: -22.96%

Volume: 535,900 shares. 3 month avg: 871,351 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: Rounding bottom continuation pattern from 08/18/2022 to 10/28/2022

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.

Industry: Financial Services

Industry RS rank: 27 out of 60

Stock RS rank: 205 out of 554

11/17/22 close: $210.99

1 Month avg volatility: $5.20. Volatility stop (for upward breakout): $196.92 or 6.7% below the close.

Change YTD: -2.64%

Volume: 5,381,200 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 11/03/2022 to 11/09/2022

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: Retail Building Supply

Industry RS rank: 17 out of 60

Stock RS rank: 143 out of 554

11/17/22 close: $274.17

1 Month avg volatility: $8.86. Volatility stop (for upward breakout): $249.15 or 9.1% below the close.

Change YTD: -12.37%

Volume: 215,400 shares. 3 month avg: 222,320 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 11/09/2022

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.

Industry: Retail (Special Lines)

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

Industry RS rank: 22 out of 60

Stock RS rank: 87 out of 554

11/17/22 close: $130.39

1 Month avg volatility: $6.25. Volatility stop (for upward breakout): $110.96 or 14.9% below the close.

Change YTD: -22.91%

Volume: 1,521,900 shares. 3 month avg: 1,925,938 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: Double Bottom, Adam and Eve reversal pattern from 10/24/2022 to 11/03/2022

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.

Industry: Internet

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

Industry RS rank: 34 out of 60

Stock RS rank: 363 out of 554

11/17/22 close: $128.11

1 Month avg volatility: $3.89. Volatility stop (for upward breakout): $119.14 or 7.0% below the close.

Change YTD: -43.35%

Volume: 526,800 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: Broadening wedge, descending reversal pattern from 09/23/2022 to 11/15/2022

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.

Industry: Electronics

Industry RS rank: 56 out of 60

Stock RS rank: 376 out of 554

11/17/22 close: $111.35

1 Month avg volatility: $3.13. Volatility stop (for upward breakout): $103.03 or 7.5% below the close.

Change YTD: -36.43%

Volume: 174,700 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 10/31/2022 to 11/07/2022

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.

Industry: Computer Software and Svcs

Industry RS rank: 40 out of 60

Stock RS rank: 290 out of 554

11/17/22 close: $263.05

1 Month avg volatility: $7.18. Volatility stop (for upward breakout): $246.65 or 6.2% below the close.

Change YTD: -33.85%

Volume: 898,100 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: Pipe bottom reversal pattern from 10/31/2022 to 11/07/2022

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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