As of 04/17/2024   Indus: 37,753 -45.66 -0.1%     Trans: 14,987 -259.68 -1.7%     Utils: 853 +17.82 +2.1%     Nasdaq: 15,683 -181.88 -1.1%     S&P 500: 5,022 -29.20 -0.6%	YTD  +0.2%   -5.7%   -3.2%    +4.5%    +5.3%	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 04/17/2024   Indus: 37,753 -45.66 -0.1%     Trans: 14,987 -259.68 -1.7%     Utils: 853 +17.82 +2.1%     Nasdaq: 15,683 -181.88 -1.1%     S&P 500: 5,022 -29.20 -0.6%	YTD  +0.2%   -5.7%   -3.2%    +4.5%    +5.3%
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 © 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: Electric Utility (East)

Industry RS rank: 57 out of 60

Stock RS rank: 152 out of 609

2/2/23 close: $26.52

1 Month avg volatility: $0.79. Volatility stop (for upward breakout): $24.86 or 6.3% below the close.

Change YTD: -7.79%

Volume: 5,502,100 shares. 3 month avg: 5,494,342 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 01/03/2023 to 01/27/2023

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: E-Commerce

Industry RS rank: 42 out of 60

Stock RS rank: 473 out of 609

2/2/23 close: $91.28

1 Month avg volatility: $1.44. Volatility stop (for upward breakout): $86.95 or 4.7% below the close.

Change YTD: 8.28%

Volume: 1,057,800 shares. 3 month avg: 2,185,974 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 12/22/2022 to 01/25/2023

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: Internet

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

Industry RS rank: 6 out of 60

Stock RS rank: 573 out of 609

2/2/23 close: $112.91

1 Month avg volatility: $3.47. Volatility stop (for upward breakout): $101.93 or 9.7% below the close.

Change YTD: 34.42%

Volume: 146,421,600 shares. 3 month avg: 3,583,803 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: Ugly double bottom reversal pattern from 01/06/2023 to 01/25/2023

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: 8 out of 60

Stock RS rank: 197 out of 609

2/2/23 close: $59.03

1 Month avg volatility: $1.18. Volatility stop (for downward breakout): $63.45 or 7.5% above the close.

Change YTD: -6.66%

Volume: 10,636,100 shares. 3 month avg: 5,185,998 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 Top, Adam and Eve reversal pattern from 12/13/2022 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: Building Materials

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

Industry RS rank: 21 out of 60

Stock RS rank: 113 out of 609

2/2/23 close: $60.26

1 Month avg volatility: $1.88. Volatility stop (for upward breakout): $54.46 or 9.6% below the close.

Change YTD: 23.33%

Volume: 84,600 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 12/07/2022 to 01/20/2023

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: Electronics

Industry RS rank: 55 out of 60

Stock RS rank: 307 out of 609

2/2/23 close: $82.09

1 Month avg volatility: $1.71. Volatility stop (for upward breakout): $77.80 or 5.2% below the close.

Change YTD: 7.81%

Volume: 2,676,200 shares. 3 month avg: 1,207,969 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, Eve and Adam reversal pattern from 12/22/2022 to 01/25/2023

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: E-Commerce

Industry RS rank: 42 out of 60

Stock RS rank: 251 out of 609

2/2/23 close: $133.44

1 Month avg volatility: $4.21. Volatility stop (for upward breakout): $122.09 or 8.5% below the close.

Change YTD: 9.96%

Volume: 4,717,700 shares. 3 month avg: 2,258,017 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: Double Bottom, Adam and Adam reversal pattern from 01/06/2023 to 01/24/2023

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: Chemical (Basic)

Industry RS rank: 27 out of 60

Stock RS rank: 299 out of 609

2/2/23 close: $107.62

1 Month avg volatility: $2.66. Volatility stop (for upward breakout): $100.50 or 6.6% below the close.

Change YTD: 0.08%

Volume: 809,000 shares. 3 month avg: 610,854 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: Broadening bottom reversal pattern from 12/16/2022 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: Natural Gas (Diversified)

Industry RS rank: 58 out of 60

Stock RS rank: 405 out of 609

2/2/23 close: $119.55

1 Month avg volatility: $2.24. Volatility stop (for upward breakout): $114.21 or 4.5% below the close.

Change YTD: 6.67%

Volume: 1,267,400 shares. 3 month avg: 444,800 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 12/22/2022 to 01/20/2023

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: Chemical (Specialty)

Industry RS rank: 12 out of 60

Stock RS rank: 423 out of 609

2/2/23 close: $42.60

1 Month avg volatility: $1.08. Volatility stop (for upward breakout): $39.42 or 7.5% below the close.

Change YTD: 26.18%

Volume: 436,300 shares. 3 month avg: 523,769 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: Scallop, ascending continuation pattern from 12/13/2022 to 01/11/2023

Breakout is upward 80% of the time.

Average rise: 31%.

Break-even failure rate: 10%.

Throwbacks occur 58% of the time.

Price hits measure rule target 58% of the time.

Industry: Chemical (Specialty)

Industry RS rank: 12 out of 60

Stock RS rank: 229 out of 609

2/2/23 close: $139.71

1 Month avg volatility: $3.72. Volatility stop (for upward breakout): $126.73 or 9.3% below the close.

Change YTD: 14.41%

Volume: 228,800 shares. 3 month avg: 82,003 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: Ugly double bottom reversal pattern from 01/05/2023 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: Shoe

Industry RS rank: 3 out of 60

Stock RS rank: 35 out of 609

2/2/23 close: $87.26

1 Month avg volatility: $4.01. Volatility stop (for upward breakout): $78.00 or 10.6% below the close.

Change YTD: 39.57%

Volume: 661,500 shares. 3 month avg: 434,749 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: Flag continuation pattern from 01/27/2023 to 02/01/2023

Breakout is upward 54% of the time.

Average rise: 23%.

Break-even failure rate: 4%.

Throwbacks occur 43% of the time.

Price hits measure rule target 64% of the time.

Industry: Information Services

Industry RS rank: 31 out of 60

Stock RS rank: 243 out of 609

2/2/23 close: $43.94

1 Month avg volatility: $2.28. Volatility stop (for upward breakout): $33.64 or 23.4% below the close.

Change YTD: 16.68%

Volume: 2,157,900 shares. 3 month avg: 943,408 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 Bottom, Adam and Adam reversal pattern from 01/19/2023 to 02/01/2023

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: Insurance (Prop/Casualty)

Industry RS rank: 8 out of 60

Stock RS rank: 137 out of 609

2/2/23 close: $115.41

1 Month avg volatility: $2.72. Volatility stop (for upward breakout): $107.55 or 6.8% below the close.

Change YTD: 12.72%

Volume: 668,000 shares. 3 month avg: 534,966 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 12/19/2022 to 01/20/2023

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: Natural Gas (Distributor)

Industry RS rank: 37 out of 60

Stock RS rank: 506 out of 609

2/2/23 close: $5.95

1 Month avg volatility: $0.28. Volatility stop (for upward breakout): $5.23 or 12.1% below the close.

Change YTD: 14.42%

Volume: 2,733,500 shares. 3 month avg: 1,021,160 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: Head-and-shoulders complex bottom reversal pattern from 12/12/2022 to 01/20/2023

Breakout is upward 100% of the time.

Average rise: 39%.

Break-even failure rate: 4%.

Throwbacks occur 63% of the time.

Price hits measure rule target 74% of the time.

Industry: Telecom. Equipment

Industry RS rank: 54 out of 60

Stock RS rank: 418 out of 609

2/2/23 close: $36.29

1 Month avg volatility: $0.80. Volatility stop (for downward breakout): $37.94 or 4.5% above the close.

Change YTD: 13.62%

Volume: 4,846,500 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: Double Top, Adam and Adam reversal pattern from 01/12/2023 to 01/30/2023

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: IT Services

Industry RS rank: 33 out of 60

Stock RS rank: 483 out of 609

2/2/23 close: $61.92

1 Month avg volatility: $1.18. Volatility stop (for upward breakout): $57.32 or 7.4% below the close.

Change YTD: 8.25%

Volume: 200,500 shares. 3 month avg: 127,302 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: Double Bottom, Adam and Adam reversal pattern from 01/10/2023 to 01/20/2023

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: 53 out of 60

2/2/23 close: $15,640.70

1 Month avg volatility: $312.51. Volatility stop (for upward breakout): $14,536.93 or 7.1% below the close.

Change YTD: 16.79%

Volume: 135,536,700 shares. 3 month avg: 94,662,425 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 01/18/2023 to 01/30/2023

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: 49 out of 60

Stock RS rank: 177 out of 609

2/2/23 close: $118.87

1 Month avg volatility: $2.81. Volatility stop (for upward breakout): $107.81 or 9.3% below the close.

Change YTD: 14.39%

Volume: 4,961,100 shares. 3 month avg: 1,055,643 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 bottom reversal pattern from 01/19/2023 to 01/31/2023

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: Retail Building Supply

Industry RS rank: 13 out of 60

Stock RS rank: 300 out of 609

2/2/23 close: $55.29

1 Month avg volatility: $1.37. Volatility stop (for upward breakout): $49.46 or 10.6% below the close.

Change YTD: 16.84%

Volume: 7,139,900 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: Double Bottom, Adam and Adam reversal pattern from 01/05/2023 to 01/19/2023

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: Air Transport

Industry RS rank: 49 out of 60

Stock RS rank: 512 out of 609

2/2/23 close: $214.50

1 Month avg volatility: $4.60. Volatility stop (for upward breakout): $200.08 or 6.7% below the close.

Change YTD: 23.85%

Volume: 3,789,900 shares. 3 month avg: 1,372,055 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, Eve and Adam reversal pattern from 01/19/2023 to 01/31/2023

WARNING: A dead-cat bounce occurred on 09/16/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 03/17/2023.

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: IT Services

Industry RS rank: 33 out of 60

Stock RS rank: 119 out of 609

2/2/23 close: $348.54

1 Month avg volatility: $7.33. Volatility stop (for upward breakout): $333.18 or 4.4% below the close.

Change YTD: 3.69%

Volume: 596,900 shares. 3 month avg: 564,655 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: Triple bottom reversal pattern from 01/05/2023 to 01/25/2023

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: Semiconductor

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

Industry RS rank: 39 out of 60

Stock RS rank: 131 out of 609

2/2/23 close: $64.79

1 Month avg volatility: $2.32. Volatility stop (for upward breakout): $57.50 or 11.3% below the close.

Change YTD: 20.23%

Volume: 2,370,500 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: Ugly double bottom reversal pattern from 01/03/2023 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: Apparel

Industry RS rank: 5 out of 60

Stock RS rank: 604 out of 609

2/2/23 close: $6.28

1 Month avg volatility: $0.35. Volatility stop (for downward breakout): $8.16 or 30.0% above the close.

Change YTD: -1.26%

Volume: 67,495,100 shares. 3 month avg: 6,164,918 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: Dead-cat bounce continuation pattern from 02/02/2023 to 02/02/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Retail Building Supply

Industry RS rank: 13 out of 60

Stock RS rank: 230 out of 609

2/2/23 close: $339.79

1 Month avg volatility: $7.50. Volatility stop (for upward breakout): $317.68 or 6.5% below the close.

Change YTD: 7.58%

Volume: 4,581,200 shares. 3 month avg: 4,416,295 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: Double Bottom, Eve and Eve reversal pattern from 01/06/2023 to 01/20/2023

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.

Industry: Chemical (Diversified)

Industry RS rank: 19 out of 60

Stock RS rank: 583 out of 609

2/2/23 close: $33.24

1 Month avg volatility: $1.33. Volatility stop (for upward breakout): $29.87 or 10.1% below the close.

Change YTD: 15.14%

Volume: 198,200 shares. 3 month avg: 1,190,495 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: Ugly double bottom reversal pattern from 01/05/2023 to 01/19/2023

WARNING: A dead-cat bounce occurred on 11/03/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/04/2023.

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: Furn/Home Furnishings

Industry RS rank: 40 out of 60

Stock RS rank: 504 out of 609

2/2/23 close: $7.76

1 Month avg volatility: $0.20. Volatility stop (for upward breakout): $7.21 or 7.1% below the close.

Change YTD: 19.38%

Volume: 123,100 shares. 3 month avg: 102,372 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: Ugly double bottom reversal pattern from 12/19/2022 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: Computer Software and Svcs

Industry RS rank: 52 out of 60

Stock RS rank: 402 out of 609

2/2/23 close: $28.17

1 Month avg volatility: $0.70. Volatility stop (for downward breakout): $30.15 or 7.0% above the close.

Change YTD: 20.18%

Volume: 768,600 shares. 3 month avg: 906,945 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: Rising wedge reversal pattern from 12/14/2022 to 01/19/2023

Breakout is downward 69% of the time.

Average decline: 14%.

Break-even failure rate: 24%.

Pullbacks occur 63% of the time.

Price hits measure rule target 46% of the time.

Industry: Semiconductor

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

Industry RS rank: 39 out of 60

Stock RS rank: 260 out of 609

2/2/23 close: $66.52

1 Month avg volatility: $2.43. Volatility stop (for upward breakout): $60.55 or 9.0% below the close.

Change YTD: 5.62%

Volume: 1,055,000 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: Double Bottom, Eve and Adam reversal pattern from 01/05/2023 to 01/20/2023

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: Cement and Aggregates

Industry RS rank: 20 out of 60

Stock RS rank: 343 out of 609

2/2/23 close: $370.23

1 Month avg volatility: $8.17. Volatility stop (for upward breakout): $347.08 or 6.3% below the close.

Change YTD: 9.55%

Volume: 392,200 shares. 3 month avg: 575,872 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: Double Bottom, Eve and Adam reversal pattern from 12/23/2022 to 01/26/2023

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: Oilfield Svcs/Equipment

Industry RS rank: 2 out of 60

Stock RS rank: 5 out of 609

2/2/23 close: $8.83

1 Month avg volatility: $0.45. Volatility stop (for upward breakout): $7.69 or 13.0% below the close.

Change YTD: 41.96%

Volume: 201,600 shares. 3 month avg: 303,508 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 01/17/2023 to 01/23/2023

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: Electric Utility (Central)

Industry RS rank: 56 out of 60

Stock RS rank: 521 out of 609

2/2/23 close: $74.77

1 Month avg volatility: $1.29. Volatility stop (for upward breakout): $71.38 or 4.5% below the close.

Change YTD: 6.21%

Volume: 88,200 shares. 3 month avg: 83,160 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: Triple bottom reversal pattern from 12/16/2022 to 01/20/2023

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: Building Materials

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

Industry RS rank: 21 out of 60

Stock RS rank: 65 out of 609

2/2/23 close: $37.98

1 Month avg volatility: $1.04. Volatility stop (for upward breakout): $35.30 or 7.1% below the close.

Change YTD: 12.70%

Volume: 39,600 shares. 3 month avg: 31,645 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: Double Bottom, Eve and Adam reversal pattern from 01/05/2023 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: Toiletries/Cosmetics

Industry RS rank: 34 out of 60

Stock RS rank: 442 out of 609

2/2/23 close: $43.93

1 Month avg volatility: $1.18. Volatility stop (for upward breakout): $41.25 or 6.1% below the close.

Change YTD: 4.20%

Volume: 445,800 shares. 3 month avg: 417,486 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Double Bottom, Eve and Adam reversal pattern from 01/19/2023 to 01/31/2023

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: Packaging and Container

Industry RS rank: 43 out of 60

Stock RS rank: 338 out of 609

2/2/23 close: $145.09

1 Month avg volatility: $3.16. Volatility stop (for upward breakout): $134.98 or 7.0% below the close.

Change YTD: 13.43%

Volume: 895,600 shares. 3 month avg: 777,560 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: Double Bottom, Eve and Adam reversal pattern from 12/22/2022 to 01/25/2023

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: E-Commerce

Industry RS rank: 42 out of 60

Stock RS rank: 403 out of 609

2/2/23 close: $226.04

1 Month avg volatility: $7.71. Volatility stop (for upward breakout): $209.24 or 7.4% below the close.

Change YTD: 16.36%

Volume: 645,700 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: Head-and-shoulders bottom reversal pattern from 12/27/2022 to 01/25/2023

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: Electric Utility (West)

Industry RS rank: 48 out of 60

Stock RS rank: 360 out of 609

2/2/23 close: $77.74

1 Month avg volatility: $1.44. Volatility stop (for upward breakout): $73.41 or 5.6% below the close.

Change YTD: 2.24%

Volume: 986,600 shares. 3 month avg: 750,734 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, Adam and Adam reversal pattern from 01/24/2023 to 01/31/2023

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: Chemical (Diversified)

Industry RS rank: 19 out of 60

Stock RS rank: 328 out of 609

2/2/23 close: $134.43

1 Month avg volatility: $3.37. Volatility stop (for upward breakout): $123.50 or 8.1% below the close.

Change YTD: 6.91%

Volume: 1,326,600 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: Triple bottom reversal pattern from 12/22/2022 to 01/19/2023

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: Insurance (Prop/Casualty)

Industry RS rank: 8 out of 60

Stock RS rank: 151 out of 609

2/2/23 close: $134.97

1 Month avg volatility: $2.67. Volatility stop (for upward breakout): $126.18 or 6.5% below the close.

Change YTD: 4.06%

Volume: 3,725,700 shares. 3 month avg: 3,017,600 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 01/17/2023 to 01/23/2023

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: 17 out of 60

Stock RS rank: 228 out of 609

2/2/23 close: $76.62

1 Month avg volatility: $2.15. Volatility stop (for upward breakout): $71.41 or 6.8% below the close.

Change YTD: -7.98%

Volume: 12,302,400 shares. 3 month avg: 6,527,123 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: Diamond bottom reversal pattern from 01/19/2023 to 02/02/2023

Breakout is upward 69% of the time.

Average rise: 36%.

Break-even failure rate: 4%.

Throwbacks occur 53% of the time.

Price hits measure rule target 81% of the time.

Industry: Computer Software and Svcs

Industry RS rank: 52 out of 60

Stock RS rank: 484 out of 609

2/2/23 close: $36.28

1 Month avg volatility: $0.80. Volatility stop (for upward breakout): $34.13 or 5.9% below the close.

Change YTD: 7.78%

Volume: 792,500 shares. 3 month avg: 1,378,918 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, Eve and Eve reversal pattern from 12/20/2022 to 01/19/2023

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.

Industry: Semiconductor

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

Industry RS rank: 39 out of 60

Stock RS rank: 396 out of 609

2/2/23 close: $184.72

1 Month avg volatility: $4.76. Volatility stop (for upward breakout): $166.22 or 10.0% below the close.

Change YTD: 11.80%

Volume: 11,650,200 shares. 3 month avg: 4,332,837 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 01/12/2023 to 01/31/2023

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: 23 out of 60

Stock RS rank: 201 out of 609

2/2/23 close: $40.94

1 Month avg volatility: $0.93. Volatility stop (for upward breakout): $38.27 or 6.5% below the close.

Change YTD: -0.22%

Volume: 2,359,800 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: Apparel

Industry RS rank: 5 out of 60

Stock RS rank: 596 out of 609

2/2/23 close: $31.14

1 Month avg volatility: $1.07. Volatility stop (for upward breakout): $28.79 or 7.5% below the close.

Change YTD: 12.79%

Volume: 7,038,800 shares. 3 month avg: 2,795,366 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: Ugly double bottom reversal pattern from 12/22/2022 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: Healthcare Information

Industry RS rank: 60 out of 60

Stock RS rank: 579 out of 609

2/2/23 close: $181.08

1 Month avg volatility: $4.84. Volatility stop (for upward breakout): $167.90 or 7.3% below the close.

Change YTD: 12.21%

Volume: 1,140,800 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: Triple bottom reversal pattern from 12/28/2022 to 01/19/2023

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: Cement and Aggregates

Industry RS rank: 20 out of 60

Stock RS rank: 210 out of 609

2/2/23 close: $187.52

1 Month avg volatility: $3.83. Volatility stop (for upward breakout): $176.73 or 5.8% below the close.

Change YTD: 7.09%

Volume: 1,032,300 shares. 3 month avg: 819,125 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: Double Bottom, Eve and Eve reversal pattern from 12/22/2022 to 01/25/2023

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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