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     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/24/24

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     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/24/24

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: 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.

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.

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.

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.

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.

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.

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.

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%.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.