As of 12/26/2024
  Indus: 43,326 +28.77 +0.1%  
  Trans: 16,104 +40.79 +0.3%  
  Utils: 992 -1.47 -0.1%  
  Nasdaq: 20,020 -10.77 -0.1%  
  S&P 500: 6,038 -2.45 0.0%  
YTD
 +15.0%  
 +1.3%  
 +12.5%  
 +33.4%  
 +26.6%  
  Targets    Overview: 12/12/2024  
  Up arrow44,200 or 41,750 by 01/01/2025
  Up arrow16,700 or 15,500 by 01/15/2025
  Up arrow1,050 or 975 by 01/01/2025
  Up arrow20,500 or 19,300 by 01/01/2025
  Up arrow6,100 or 5,775 by 01/01/2025
As of 12/26/2024
  Indus: 43,326 +28.77 +0.1%  
  Trans: 16,104 +40.79 +0.3%  
  Utils: 992 -1.47 -0.1%  
  Nasdaq: 20,020 -10.77 -0.1%  
  S&P 500: 6,038 -2.45 0.0%  
YTD
 +15.0%  
 +1.3%  
 +12.5%  
 +33.4%  
 +26.6%  
  Targets    Overview: 12/12/2024  
  Up arrow44,200 or 41,750 by 01/01/2025
  Up arrow16,700 or 15,500 by 01/15/2025
  Up arrow1,050 or 975 by 01/01/2025
  Up arrow20,500 or 19,300 by 01/01/2025
  Up arrow6,100 or 5,775 by 01/01/2025

Patterns for the Weekend Details

Copyright © 2023 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.
 
American Financial Group (AFG)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 24 out of 60
Stock RS rank: 367 out of 574
1/5/23 close: $138.13
1 Month avg volatility: $2.39. Volatility stop (for upward breakout): $132.43 or 4.1% below the close.
Change YTD: 0.62%
Volume: 250,600 shares. 3 month avg: 353,085 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 12/12/2022 to 12/19/2022
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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AmerisourceBergen Corp (ABC)
Industry: Biotechnology
Industry RS rank: 19 out of 60
Stock RS rank: 138 out of 574
1/5/23 close: $163.08
1 Month avg volatility: $2.39. Volatility stop (for downward breakout): $168.20 or 3.1% above the close.
Change YTD: -1.59%
Volume: 1,610,100 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: Pipe top reversal pattern from 11/28/2022 to 12/05/2022
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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Apache Corp. (APA)
Industry: Petroleum (Producing)
Industry RS rank: 30 out of 60
Stock RS rank: 59 out of 574
1/5/23 close: $41.76
1 Month avg volatility: $1.94. Volatility stop (for downward breakout): $46.29 or 10.8% above the close.
Change YTD: -10.54%
Volume: 7,013,600 shares. 3 month avg: 7,966,826 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: Three Falling Peaks reversal pattern from 11/07/2022 to 12/27/2022
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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Bed Bath and Beyond (BBBY)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 11 out of 60
Stock RS rank: 573 out of 574
1/5/23 close: $1.69
1 Month avg volatility: $0.27. Volatility stop (for downward breakout): $2.48 or 46.8% above the close.
Change YTD: -32.67%
Volume: 42,275,000 shares. 3 month avg: 4,821,077 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: Dead-cat bounce continuation pattern from 01/05/2023 to 01/05/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Cemex SA de CV (CX)
Industry: Cement and Aggregates
Industry RS rank: 10 out of 60
Stock RS rank: 169 out of 574
1/5/23 close: $4.39
1 Month avg volatility: $0.13. Volatility stop (for upward breakout): $4.06 or 7.5% below the close.
Change YTD: 8.40%
Volume: 3,423,500 shares. 3 month avg: 9,928,860 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, Eve and Eve reversal pattern from 12/16/2022 to 12/30/2022
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.

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Centene Corp (CNC)
Industry: Medical Services
Industry RS rank: 43 out of 60
Stock RS rank: 475 out of 574
1/5/23 close: $77.26
1 Month avg volatility: $1.91. Volatility stop (for downward breakout): $82.93 or 7.3% above the close.
Change YTD: -5.79%
Volume: 5,852,400 shares. 3 month avg: 1,816,006 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 Top, Adam and Adam reversal pattern from 12/01/2022 to 12/08/2022
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.

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CRH plc (CRH)
Industry: Cement and Aggregates
Industry RS rank: 10 out of 60
Stock RS rank: 93 out of 574
1/5/23 close: $42.19
1 Month avg volatility: $0.61. Volatility stop (for downward breakout): $43.76 or 3.7% above the close.
Change YTD: 6.03%
Volume: 430,300 shares. 3 month avg: 546,094 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: Broadening top reversal pattern from 11/23/2022 to 12/16/2022
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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CTS Corp (CTS)
Industry: Electronics
Industry RS rank: 54 out of 60
Stock RS rank: 91 out of 574
1/5/23 close: $40.85
1 Month avg volatility: $0.98. Volatility stop (for upward breakout): $37.70 or 7.7% below the close.
Change YTD: 3.63%
Volume: 105,800 shares. 3 month avg: 73,662 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 Wednesday.
 
Chart pattern: Double Bottom, Adam and Adam reversal pattern from 12/16/2022 to 12/22/2022
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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Dentsply Sirona Inc. (XRAY)
Industry: Medical Supplies
Industry RS rank: 28 out of 60
Stock RS rank: 454 out of 574
1/5/23 close: $33.09
1 Month avg volatility: $0.99. Volatility stop (for upward breakout): $30.62 or 7.5% below the close.
Change YTD: 3.93%
Volume: 4,375,500 shares. 3 month avg: 2,503,563 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 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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DJ 15 Utilities (^DJU)
Industry: None
Industry RS rank: 57 out of 60
1/5/23 close: $960.25
1 Month avg volatility: $15.38. Volatility stop (for downward breakout): $1,006.47 or 4.8% above the close.
Change YTD: -0.74%
Volume: 51,401,100 shares. 3 month avg: 52,102,142 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 12/01/2022 to 12/28/2022
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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Humana (HUM)
Industry: Medical Services
Industry RS rank: 43 out of 60
Stock RS rank: 322 out of 574
1/5/23 close: $488.02
1 Month avg volatility: $10.28. Volatility stop (for downward breakout): $513.93 or 5.3% above the close.
Change YTD: -4.72%
Volume: 1,271,500 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 11/03/2022 to 12/28/2022
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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Insteel Industries Inc (IIIN)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 32 out of 60
Stock RS rank: 520 out of 574
1/5/23 close: $27.96
1 Month avg volatility: $0.98. Volatility stop (for upward breakout): $25.27 or 9.6% below the close.
Change YTD: 1.60%
Volume: 169,200 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 Tuesday.
 
Chart pattern: Pipe bottom reversal pattern from 12/12/2022 to 12/19/2022
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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Insulet Corporation (PODD)
Industry: Medical Supplies
Industry RS rank: 28 out of 60
Stock RS rank: 89 out of 574
1/5/23 close: $286.16
1 Month avg volatility: $9.15. Volatility stop (for downward breakout): $308.19 or 7.7% above the close.
Change YTD: -2.80%
Volume: 516,400 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, Adam and Eve reversal pattern from 11/07/2022 to 12/14/2022
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.

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Intel Corporation (INTC)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 36 out of 60
Stock RS rank: 541 out of 574
1/5/23 close: $27.56
1 Month avg volatility: $0.71. Volatility stop (for upward breakout): $25.96 or 5.8% below the close.
Change YTD: 4.28%
Volume: 32,840,500 shares. 3 month avg: 27,019,903 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 12/19/2022 to 12/27/2022
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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Interpublic Group of Companies (IPG)
Industry: Advertising
Industry RS rank: 8 out of 60
Stock RS rank: 65 out of 574
1/5/23 close: $35.23
1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $33.42 or 5.2% below the close.
Change YTD: 5.76%
Volume: 2,919,400 shares. 3 month avg: 6,516,800 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 Eve reversal pattern from 12/09/2022 to 12/19/2022
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.

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Marchex, Inc (MCHX)
Industry: Advertising
Industry RS rank: 8 out of 60
Stock RS rank: 174 out of 574
1/5/23 close: $1.77
1 Month avg volatility: $0.11. Volatility stop (for upward breakout): $1.52 or 13.9% below the close.
Change YTD: 10.63%
Volume: 13,000 shares. 3 month avg: 97,160 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 Wednesday.
 
Chart pattern: Head-and-shoulders bottom reversal pattern from 12/16/2022 to 12/29/2022
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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Patrick Industries Inc (PATK)
Industry: Retail Building Supply
Industry RS rank: 23 out of 60
Stock RS rank: 132 out of 574
1/5/23 close: $62.20
1 Month avg volatility: $2.17. Volatility stop (for upward breakout): $55.11 or 11.4% below the close.
Change YTD: 2.64%
Volume: 291,400 shares. 3 month avg: 94,083 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 Thursday.
 
Chart pattern: Triangle, symmetrical continuation pattern from 12/12/2022 to 01/05/2023
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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Ralph Lauren Corp. (RL)
Industry: Apparel
Industry RS rank: 17 out of 60
Stock RS rank: 74 out of 574
1/5/23 close: $114.46
1 Month avg volatility: $3.09. Volatility stop (for upward breakout): $105.51 or 7.8% below the close.
Change YTD: 8.32%
Volume: 854,700 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 Thursday.
 
Chart pattern: Double Bottom, Adam and Adam reversal pattern from 12/20/2022 to 12/28/2022
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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SAIA Inc (SAIA)
Industry: Trucking/Transp. Leasing
Industry RS rank: 25 out of 60
Stock RS rank: 246 out of 574
1/5/23 close: $210.56
1 Month avg volatility: $9.30. Volatility stop (for downward breakout): $230.79 or 9.6% above the close.
Change YTD: 0.42%
Volume: 389,600 shares. 3 month avg: 163,825 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, Adam and Adam reversal pattern from 11/15/2022 to 12/13/2022
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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Steelcase (SCS)
Industry: Furn/Home Furnishings
Industry RS rank: 39 out of 60
Stock RS rank: 553 out of 574
1/5/23 close: $7.38
1 Month avg volatility: $0.32. Volatility stop (for upward breakout): $6.67 or 9.7% below the close.
Change YTD: 4.38%
Volume: 617,000 shares. 3 month avg: 708,518 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 12/12/2022 to 12/19/2022
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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Trex Company (TREX)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 32 out of 60
Stock RS rank: 527 out of 574
1/5/23 close: $44.75
1 Month avg volatility: $1.61. Volatility stop (for upward breakout): $40.09 or 10.4% below the close.
Change YTD: 5.72%
Volume: 783,800 shares. 3 month avg: 245,355 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: Pipe bottom reversal pattern from 12/19/2022 to 12/27/2022
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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Waters Corp (WAT)
Industry: Precision Instrument
Industry RS rank: 31 out of 60
Stock RS rank: 335 out of 574
1/5/23 close: $347.03
1 Month avg volatility: $6.82. Volatility stop (for upward breakout): $331.17 or 4.6% below the close.
Change YTD: 1.30%
Volume: 407,300 shares. 3 month avg: 398,726 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 11/29/2022 to 01/05/2023
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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Werner Enterprises, Inc (WERN)
Industry: Trucking/Transp. Leasing
Industry RS rank: 25 out of 60
Stock RS rank: 262 out of 574
1/5/23 close: $41.51
1 Month avg volatility: $1.01. Volatility stop (for upward breakout): $38.99 or 6.1% below the close.
Change YTD: 3.10%
Volume: 366,500 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 Bottom, Adam and Adam reversal pattern from 12/20/2022 to 12/30/2022
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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Westlake Chemical Corp (WLK)
Industry: Chemical (Basic)
Industry RS rank: 44 out of 60
Stock RS rank: 263 out of 574
1/5/23 close: $101.98
1 Month avg volatility: $2.67. Volatility stop (for downward breakout): $107.53 or 5.4% above the close.
Change YTD: -0.55%
Volume: 701,200 shares. 3 month avg: 812,517 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 Top, Adam and Adam reversal pattern from 11/11/2022 to 12/13/2022
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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