As of 11/21/2024   Indus: 43,870 +461.88 +1.1%     Trans: 17,172 +169.53 +1.0%     Utils: 1,076 +20.58 +2.0%     Nasdaq: 18,972 +6.28 +0.0%     S&P 500: 5,949 +31.60 +0.5%	YTD  +16.4%    +8.0%    +22.0%    +26.4%    +24.7%	Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

As of 11/21/2024   Indus: 43,870 +461.88 +1.1%     Trans: 17,172 +169.53 +1.0%     Utils: 1,076 +20.58 +2.0%     Nasdaq: 18,972 +6.28 +0.0%     S&P 500: 5,949 +31.60 +0.5%	YTD  +16.4%    +8.0%    +22.0%    +26.4%    +24.7%
Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

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.

Industry: Biotechnology

Industry RS rank: 10 out of 60

Stock RS rank: 38 out of 610

1/19/23 close: $30.37

1 Month avg volatility: $1.08. Volatility stop (for upward breakout): $27.71 or 8.8% below the close.

Change YTD: 2.60%

Volume: 47,100 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: 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.

Industry: Food Processing

Industry RS rank: 12 out of 60

Stock RS rank: 222 out of 610

1/19/23 close: $52.39

1 Month avg volatility: $0.91. Volatility stop (for downward breakout): $54.82 or 4.6% above the close.

Change YTD: -7.68%

Volume: 2,520,700 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: Head-and-shoulders top reversal pattern from 12/14/2022 to 01/06/2023

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.

Industry: Electronics

Industry RS rank: 52 out of 60

Stock RS rank: 84 out of 610

1/19/23 close: $12.74

1 Month avg volatility: $0.35. Volatility stop (for upward breakout): $11.83 or 7.2% below the close.

Change YTD: 13.04%

Volume: 580,400 shares. 3 month avg: 557,234 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: Double Bottom, Adam and Adam reversal pattern from 12/07/2022 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.

Industry: Electric Utility (Central)

Industry RS rank: 47 out of 60

Stock RS rank: 322 out of 610

1/19/23 close: $30.28

1 Month avg volatility: $0.62. Volatility stop (for upward breakout): $28.74 or 5.1% below the close.

Change YTD: 0.97%

Volume: 2,772,300 shares. 3 month avg: 2,845,400 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, right-angled and descending continuation pattern from 11/30/2022 to 01/13/2023

Breakout is upward 51% of the time.

Average rise: 28%.

Break-even failure rate: 19%.

Throwbacks occur 52% of the time.

Price hits measure rule target 63% of the time.

Industry: Industrial Services

Industry RS rank: 14 out of 60

Stock RS rank: 208 out of 610

1/19/23 close: $427.59

1 Month avg volatility: $9.70. Volatility stop (for downward breakout): $458.63 or 7.3% above the close.

Change YTD: -5.32%

Volume: 349,900 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 11/30/2022 to 12/21/2022

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.

Industry: Computers and Peripherals

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

Industry RS rank: 53 out of 60

Stock RS rank: 286 out of 610

1/19/23 close: $46.46

1 Month avg volatility: $0.78. Volatility stop (for downward breakout): $48.62 or 4.7% above the close.

Change YTD: -2.48%

Volume: 19,094,200 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: Double Top, Adam and Adam reversal pattern from 12/01/2022 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.

Industry: Computers and Peripherals

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

Industry RS rank: 53 out of 60

Stock RS rank: 287 out of 610

1/19/23 close: $86.89

1 Month avg volatility: $1.81. Volatility stop (for downward breakout): $92.42 or 6.4% above the close.

Change YTD: -9.55%

Volume: 4,779,100 shares. 3 month avg: 3,118,612 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, Adam and Eve reversal pattern from 12/14/2022 to 01/09/2023

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.

Industry: Information Services

Industry RS rank: 29 out of 60

Stock RS rank: 289 out of 610

1/19/23 close: $421.45

1 Month avg volatility: $9.72. Volatility stop (for upward breakout): $400.75 or 4.9% below the close.

Change YTD: 5.04%

Volume: 183,000 shares. 3 month avg: 411,949 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, Eve and Adam reversal pattern from 12/22/2022 to 01/05/2023

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.

Industry: Computer Software and Svcs

Industry RS rank: 58 out of 60

Stock RS rank: 546 out of 610

1/19/23 close: $48.42

1 Month avg volatility: $1.71. Volatility stop (for upward breakout): $44.36 or 8.4% below the close.

Change YTD: -0.96%

Volume: 4,631,900 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: Broadening bottom reversal pattern from 12/27/2022 to 01/18/2023

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.

Industry: Aerospace/Defense

Industry RS rank: 27 out of 60

Stock RS rank: 261 out of 610

1/19/23 close: $231.55

1 Month avg volatility: $4.43. Volatility stop (for downward breakout): $245.84 or 6.2% above the close.

Change YTD: -6.67%

Volume: 1,169,200 shares. 3 month avg: 1,076,035 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: Roof reversal pattern from 10/24/2022 to 01/12/2023

Breakout is downward 84% of the time.

Average decline: 16%.

Break-even failure rate: 13%.

Pullbacks occur 56% of the time.

Price hits measure rule target 68% of the time.

Industry: Electric Utility (West)

Industry RS rank: 35 out of 60

Stock RS rank: 313 out of 610

1/19/23 close: $41.04

1 Month avg volatility: $0.73. Volatility stop (for downward breakout): $42.85 or 4.4% above the close.

Change YTD: -1.94%

Volume: 271,200 shares. 3 month avg: 463,472 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 12/28/2022 to 01/13/2023

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.

Industry: Machinery

Industry RS rank: 8 out of 60

Stock RS rank: 256 out of 610

1/19/23 close: $27.45

1 Month avg volatility: $0.77. Volatility stop (for upward breakout): $24.97 or 9.0% below the close.

Change YTD: 5.05%

Volume: 26,600 shares. 3 month avg: 26,271 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 Friday.

 

Chart pattern: Cup with handle continuation pattern from 07/25/2022 to 01/11/2023

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: Electronics

Industry RS rank: 52 out of 60

Stock RS rank: 233 out of 610

1/19/23 close: $73.26

1 Month avg volatility: $2.02. Volatility stop (for upward breakout): $67.50 or 7.9% below the close.

Change YTD: 7.01%

Volume: 69,100 shares. 3 month avg: 128,783 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 12/12/2022 to 12/19/2022

WARNING: A dead-cat bounce occurred on 10/06/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 04/06/2023.

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: Securities Brokerage

Industry RS rank: 7 out of 60

Stock RS rank: 32 out of 610

1/19/23 close: $78.85

1 Month avg volatility: $2.04. Volatility stop (for upward breakout): $74.16 or 6.0% below the close.

Change YTD: 8.98%

Volume: 1,757,200 shares. 3 month avg: 658,995 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: 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.

Industry: Aerospace/Defense

Industry RS rank: 27 out of 60

Stock RS rank: 418 out of 610

1/19/23 close: $442.31

1 Month avg volatility: $12.62. Volatility stop (for downward breakout): $478.24 or 8.1% above the close.

Change YTD: -18.93%

Volume: 1,314,300 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 Eve reversal pattern from 12/02/2022 to 01/03/2023

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.

Industry: Petroleum (Producing)

Industry RS rank: 31 out of 60

Stock RS rank: 318 out of 610

1/19/23 close: $65.67

1 Month avg volatility: $1.83. Volatility stop (for upward breakout): $60.11 or 8.5% below the close.

Change YTD: 4.25%

Volume: 9,948,200 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: Broadening bottom reversal pattern from 12/16/2022 to 01/09/2023

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.

Industry: Electric Utility (West)

Industry RS rank: 35 out of 60

Stock RS rank: 25 out of 610

1/19/23 close: $15.44

1 Month avg volatility: $0.34. Volatility stop (for downward breakout): $16.31 or 5.6% above the close.

Change YTD: -5.04%

Volume: 12,603,000 shares. 3 month avg: 5,870,049 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 Eve reversal pattern from 12/14/2022 to 12/28/2022

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.

Industry: Electric Utility (West)

Industry RS rank: 35 out of 60

Stock RS rank: 481 out of 610

1/19/23 close: $45.62

1 Month avg volatility: $1.00. Volatility stop (for upward breakout): $43.50 or 4.7% below the close.

Change YTD: -6.90%

Volume: 1,068,400 shares. 3 month avg: 771,474 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: Multi-peaks from 11/29/2022 to 01/12/2023

Industry: Household Products

Industry RS rank: 46 out of 60

Stock RS rank: 360 out of 610

1/19/23 close: $142.42

1 Month avg volatility: $2.24. Volatility stop (for downward breakout): $150.70 or 5.8% above the close.

Change YTD: -6.03%

Volume: 12,359,200 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: Triple top reversal pattern from 12/14/2022 to 01/09/2023

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.

Industry: Trucking/Transp. Leasing

Industry RS rank: 17 out of 60

Stock RS rank: 98 out of 610

1/19/23 close: $92.14

1 Month avg volatility: $1.86. Volatility stop (for downward breakout): $96.71 or 5.0% above the close.

Change YTD: 10.25%

Volume: 200,600 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 11/21/2022 to 11/28/2022

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.

Industry: Industrial Services

Industry RS rank: 14 out of 60

Stock RS rank: 411 out of 610

1/19/23 close: $69.42

1 Month avg volatility: $1.34. Volatility stop (for upward breakout): $66.20 or 4.6% below the close.

Change YTD: 0.40%

Volume: 716,600 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 descending continuation pattern from 11/08/2022 to 01/12/2023

Breakout is upward 51% of the time.

Average rise: 28%.

Break-even failure rate: 19%.

Throwbacks occur 52% of the time.

Price hits measure rule target 63% of the time.

Industry: E-Commerce

Industry RS rank: 55 out of 60

Stock RS rank: 391 out of 610

1/19/23 close: $38.06

1 Month avg volatility: $1.77. Volatility stop (for upward breakout): $34.36 or 9.7% below the close.

Change YTD: 9.65%

Volume: 15,277,400 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: 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.

Industry: Metals and Mining (Div.)

Industry RS rank: 4 out of 60

Stock RS rank: 10 out of 610

1/19/23 close: $76.16

1 Month avg volatility: $1.70. Volatility stop (for downward breakout): $79.86 or 4.9% above the close.

Change YTD: 26.11%

Volume: 2,358,200 shares. 3 month avg: 1,021,280 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 top reversal pattern from 12/01/2022 to 12/29/2022

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: Natural Gas (Distributor)

Industry RS rank: 32 out of 60

Stock RS rank: 364 out of 610

1/19/23 close: $70.16

1 Month avg volatility: $1.42. Volatility stop (for upward breakout): $66.70 or 4.9% below the close.

Change YTD: 1.89%

Volume: 264,000 shares. 3 month avg: 172,872 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 12/05/2022 to 12/16/2022

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: Medical Supplies

Industry RS rank: 28 out of 60

Stock RS rank: 585 out of 610

1/19/23 close: $26.38

1 Month avg volatility: $1.80. Volatility stop (for downward breakout): $34.75 or 31.7% above the close.

Change YTD: -22.68%

Volume: 593,000 shares. 3 month avg: 37,286 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: Dead-cat bounce continuation pattern from 01/19/2023 to 01/19/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Precision Instrument

Industry RS rank: 19 out of 60

Stock RS rank: 230 out of 610

1/19/23 close: $583.86

1 Month avg volatility: $13.82. Volatility stop (for upward breakout): $546.05 or 6.5% below the close.

Change YTD: 6.02%

Volume: 1,628,700 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 Bottom, Adam and Adam reversal pattern from 12/20/2022 to 01/06/2023

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: None

Industry RS rank: 56 out of 60

Stock RS rank: 486 out of 610

1/19/23 close: $178.51

1 Month avg volatility: $3.29. Volatility stop (for upward breakout): $171.23 or 4.1% below the close.

Change YTD: 3.74%

Volume: 287,000 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 12/28/2022 to 01/06/2023

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.