As of 03/27/2024
  Indus: 39,760 +477.75 +1.2%  
  Trans: 16,029 +177.70 +1.1%  
  Utils: 875 +23.30 +2.7%  
  Nasdaq: 16,400 +83.82 +0.5%  
  S&P 500: 5,248 +44.91 +0.9%  
YTD
 +5.5%  
 +0.8%  
-0.8%  
 +9.2%  
 +10.0%  
  Targets    Overview: 03/13/2024  
  Up arrow40,000 or 38,500 by 04/01/2024
  Up arrow16,300 or 15,350 by 04/01/2024
  Up arrow885 or 830 by 04/01/2024
  Up arrow16,600 or 15,200 by 04/01/2024
  Up arrow5,350 or 5,100 by 04/01/2024
As of 03/27/2024
  Indus: 39,760 +477.75 +1.2%  
  Trans: 16,029 +177.70 +1.1%  
  Utils: 875 +23.30 +2.7%  
  Nasdaq: 16,400 +83.82 +0.5%  
  S&P 500: 5,248 +44.91 +0.9%  
YTD
 +5.5%  
 +0.8%  
-0.8%  
 +9.2%  
 +10.0%  
  Targets    Overview: 03/13/2024  
  Up arrow40,000 or 38,500 by 04/01/2024
  Up arrow16,300 or 15,350 by 04/01/2024
  Up arrow885 or 830 by 04/01/2024
  Up arrow16,600 or 15,200 by 04/01/2024
  Up arrow5,350 or 5,100 by 04/01/2024

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.
 
Agilent Technologies Inc (A)
Industry: Precision Instrument
Industry RS rank: 35 out of 60
Stock RS rank: 98 out of 610
1/26/23 close: $156.23
1 Month avg volatility: $3.85. Volatility stop (for upward breakout): $147.49 or 5.6% below the close.
Change YTD: 4.40%
Volume: 773,200 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: Ugly double bottom reversal pattern from 01/06/2023 to 01/19/2023
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.

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Arch Capital Group Ltd (ACGL)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 10 out of 60
Stock RS rank: 28 out of 610
1/26/23 close: $64.75
1 Month avg volatility: $0.96. Volatility stop (for downward breakout): $67.25 or 3.9% above the close.
Change YTD: 3.14%
Volume: 1,220,700 shares. 3 month avg: 517,168 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: Broadening top, right-angled and ascending reversal pattern from 12/27/2022 to 01/20/2023
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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Build-A-Bear Workshop Inc (BBW)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 27 out of 60
Stock RS rank: 35 out of 610
1/26/23 close: $23.82
1 Month avg volatility: $1.03. Volatility stop (for upward breakout): $21.08 or 11.5% below the close.
Change YTD: -0.08%
Volume: 234,100 shares. 3 month avg: 99,982 shares.
This security may be thinly traded (less than 100k 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: Triangle, symmetrical continuation pattern from 12/14/2022 to 01/26/2023
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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Chicos FAS Inc. (CHS)
Industry: Apparel
Industry RS rank: 6 out of 60
Stock RS rank: 364 out of 610
1/26/23 close: $5.16
1 Month avg volatility: $0.27. Volatility stop (for upward breakout): $4.55 or 11.8% below the close.
Change YTD: 4.88%
Volume: 1,963,600 shares. 3 month avg: 2,783,222 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: Broadening bottom reversal pattern from 12/21/2022 to 01/25/2023
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.

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Ciena Corp (CIEN)
Industry: Telecom. Equipment
Industry RS rank: 52 out of 60
Stock RS rank: 344 out of 610
1/26/23 close: $51.07
1 Month avg volatility: $1.25. Volatility stop (for upward breakout): $47.66 or 6.7% below the close.
Change YTD: 0.18%
Volume: 1,184,800 shares. 3 month avg: 3,226,991 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: Triangle, symmetrical continuation pattern from 01/05/2023 to 01/26/2023
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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Discover Financial Services (DFS)
Industry: Financial Services
Industry RS rank: 29 out of 60
Stock RS rank: 179 out of 610
1/26/23 close: $114.69
1 Month avg volatility: $3.02. Volatility stop (for upward breakout): $107.21 or 6.5% below the close.
Change YTD: 17.23%
Volume: 3,145,400 shares. 3 month avg: 2,443,809 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Double Bottom, Eve and Adam reversal pattern from 12/20/2022 to 01/19/2023
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.

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Dominion Resources Inc. (D)
Industry: Electric Utility (East)
Industry RS rank: 51 out of 60
Stock RS rank: 566 out of 610
1/26/23 close: $62.58
1 Month avg volatility: $1.10. Volatility stop (for upward breakout): $59.82 or 4.4% below the close.
Change YTD: 2.05%
Volume: 2,701,400 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: Triangle, symmetrical continuation pattern from 01/04/2023 to 01/26/2023
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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FARO Technologies Inc (FARO)
Industry: Precision Instrument
Industry RS rank: 35 out of 60
Stock RS rank: 534 out of 610
1/26/23 close: $27.40
1 Month avg volatility: $1.22. Volatility stop (for downward breakout): $30.82 or 12.5% above the close.
Change YTD: -6.83%
Volume: 199,800 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: Dead-cat bounce continuation pattern from 01/20/2023 to 01/20/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Fastenal Company (FAST)
Industry: Retail Building Supply
Industry RS rank: 22 out of 60
Stock RS rank: 349 out of 610
1/26/23 close: $49.61
1 Month avg volatility: $1.14. Volatility stop (for upward breakout): $46.89 or 5.5% below the close.
Change YTD: 4.84%
Volume: 2,756,300 shares. 3 month avg: 2,417,771 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: Horn bottom reversal pattern from 01/03/2023 to 01/17/2023
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.

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Harmonic Inc (HLIT)
Industry: Telecom. Equipment
Industry RS rank: 52 out of 60
Stock RS rank: 34 out of 610
1/26/23 close: $14.81
1 Month avg volatility: $0.40. Volatility stop (for downward breakout): $15.64 or 5.6% above the close.
Change YTD: 13.05%
Volume: 929,100 shares. 3 month avg: 585,235 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 top reversal pattern from 01/09/2023 to 01/17/2023
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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Hecla Mining Co. (HL)
Industry: Metals and Mining (Div.)
Industry RS rank: 5 out of 60
Stock RS rank: 23 out of 610
1/26/23 close: $6.37
1 Month avg volatility: $0.26. Volatility stop (for upward breakout): $5.74 or 9.9% below the close.
Change YTD: 14.57%
Volume: 6,841,900 shares. 3 month avg: 4,539,271 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: Channel from 12/20/2022 to 01/26/2023

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Illumina Inc (ILMN)
Industry: Biotechnology
Industry RS rank: 14 out of 60
Stock RS rank: 350 out of 610
1/26/23 close: $212.78
1 Month avg volatility: $8.83. Volatility stop (for upward breakout): $192.54 or 9.5% below the close.
Change YTD: 5.23%
Volume: 671,700 shares. 3 month avg: 726,254 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: Broadening bottom reversal pattern from 12/20/2022 to 01/10/2023
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.

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Marten Transport Ltd (MRTN)
Industry: Trucking/Transp. Leasing
Industry RS rank: 15 out of 60
Stock RS rank: 272 out of 610
1/26/23 close: $22.00
1 Month avg volatility: $0.56. Volatility stop (for upward breakout): $20.52 or 6.7% below the close.
Change YTD: 11.22%
Volume: 495,700 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: Head-and-shoulders bottom reversal pattern from 12/20/2022 to 01/19/2023
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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Owens and Minor Inc (OMI)
Industry: Medical Supplies
Industry RS rank: 36 out of 60
Stock RS rank: 602 out of 610
1/26/23 close: $20.45
1 Month avg volatility: $0.82. Volatility stop (for upward breakout): $18.27 or 10.7% below the close.
Change YTD: 4.71%
Volume: 631,100 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: Channel from 12/20/2022 to 01/23/2023
WARNING: A dead-cat bounce occurred on 10/12/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 04/12/2023.

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Patterson-UTI Energy Inc. (PTEN)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 1 out of 60
Stock RS rank: 227 out of 610
1/26/23 close: $16.92
1 Month avg volatility: $0.86. Volatility stop (for upward breakout): $14.74 or 12.9% below the close.
Change YTD: 0.48%
Volume: 3,542,500 shares. 3 month avg: 3,925,269 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: Triangle, symmetrical continuation pattern from 12/01/2022 to 01/26/2023
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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Paypal Holdings, Inc (PYPL)
Industry: Financial Services
Industry RS rank: 29 out of 60
Stock RS rank: 482 out of 610
1/26/23 close: $80.81
1 Month avg volatility: $2.26. Volatility stop (for upward breakout): $74.03 or 8.4% below the close.
Change YTD: 13.47%
Volume: 10,522,400 shares. 3 month avg: 21,592,165 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: Ugly double bottom reversal pattern from 12/22/2022 to 01/20/2023
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.

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Q2 Holdings Inc (QTWO)
Industry: E-Commerce
Industry RS rank: 44 out of 60
Stock RS rank: 581 out of 610
1/26/23 close: $31.92
1 Month avg volatility: $1.27. Volatility stop (for upward breakout): $29.04 or 9.0% below the close.
Change YTD: 18.79%
Volume: 227,800 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 12/01/2022 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.

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Reinsurance Group of America (RGA)
Industry: Insurance (Life)
Industry RS rank: 17 out of 60
Stock RS rank: 66 out of 610
1/26/23 close: $151.92
1 Month avg volatility: $2.86. Volatility stop (for upward breakout): $143.29 or 5.7% below the close.
Change YTD: 6.92%
Volume: 444,800 shares. 3 month avg: 326,800 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: Triangle, symmetrical continuation pattern from 10/28/2022 to 01/19/2023
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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SkyWest Inc (SKYW)
Industry: Air Transport
Industry RS rank: 56 out of 60
Stock RS rank: 517 out of 610
1/26/23 close: $20.00
1 Month avg volatility: $0.70. Volatility stop (for upward breakout): $18.03 or 9.9% below the close.
Change YTD: 21.14%
Volume: 198,200 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: Pennant continuation pattern from 01/13/2023 to 01/26/2023
Breakout is upward 61% of the time.
Average rise: 25%.
Break-even failure rate: 2%.
Throwbacks occur 47% of the time.
Price hits measure rule target 60% of the time.

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Twilio Inc Cl A (TWLO)
Industry: E-Commerce
Industry RS rank: 44 out of 60
Stock RS rank: 592 out of 610
1/26/23 close: $59.42
1 Month avg volatility: $2.48. Volatility stop (for downward breakout): $64.47 or 8.5% above the close.
Change YTD: 21.36%
Volume: 3,909,900 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Broadening wedge, ascending reversal pattern from 01/06/2023 to 01/24/2023
WARNING: A dead-cat bounce occurred on 11/04/2022. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 02/03/2023 and a 38% chance by 05/05/2023.
Breakout is downward 73% of the time.
Average decline: 17%.
Break-even failure rate: 11%.
Pullbacks occur 57% of the time.
Price hits measure rule target 58% of the time.

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U.S Silica Holdings Inc (SLCA)
Industry: Metals and Mining (Div.)
Industry RS rank: 5 out of 60
Stock RS rank: 429 out of 610
1/26/23 close: $12.04
1 Month avg volatility: $0.55. Volatility stop (for upward breakout): $10.57 or 12.2% below the close.
Change YTD: -3.68%
Volume: 386,600 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: Triangle, symmetrical continuation pattern from 11/22/2022 to 01/24/2023
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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Unum Group (UNM)
Industry: Insurance (Diversified)
Industry RS rank: 24 out of 60
Stock RS rank: 82 out of 610
1/26/23 close: $41.60
1 Month avg volatility: $0.69. Volatility stop (for upward breakout): $39.68 or 4.6% below the close.
Change YTD: 1.39%
Volume: 936,300 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: Head-and-shoulders bottom reversal pattern from 11/17/2022 to 01/19/2023
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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Valmont Industries Inc. (VMI)
Industry: Metal Fabricating
Industry RS rank: 7 out of 60
Stock RS rank: 75 out of 610
1/26/23 close: $328.70
1 Month avg volatility: $8.39. Volatility stop (for downward breakout): $347.19 or 5.6% above the close.
Change YTD: -0.60%
Volume: 56,100 shares. 3 month avg: 117,540 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: Broadening top reversal pattern from 12/13/2022 to 01/13/2023
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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Visa (V)
Industry: Financial Services
Industry RS rank: 29 out of 60
Stock RS rank: 287 out of 610
1/26/23 close: $224.71
1 Month avg volatility: $3.83. Volatility stop (for downward breakout): $234.73 or 4.5% above the close.
Change YTD: 8.16%
Volume: 6,726,100 shares. 3 month avg: 6,911,166 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 top reversal pattern from 01/11/2023 to 01/26/2023
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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