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%
|
 44,200 or 41,750 by 01/01/202516,700 or 15,500 by 01/15/20251,050 or 975 by 01/01/202520,500 or 19,300 by 01/01/20256,100 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%
| |
|
44,200 or 41,750 by 01/01/202516,700 or 15,500 by 01/15/20251,050 or 975 by 01/01/202520,500 or 19,300 by 01/01/20256,100 or 5,775 by 01/01/2025 | ||
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: ApparelIndustry RS rank: 18 out of 60Stock RS rank: 13 out of 6252/16/23 close: $30.091 Month avg volatility: $1.03. Volatility stop (for upward breakout): $27.93 or 7.2% below the close.Change YTD: 31.34%Volume: 1,484,700 shares. 3 month avg: 2,821,334 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: Scallop, ascending continuation pattern from 12/13/2022 to 01/09/2023Breakout 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: Precision InstrumentIndustry RS rank: 33 out of 60Stock RS rank: 259 out of 6252/16/23 close: $148.281 Month avg volatility: $3.29. Volatility stop (for upward breakout): $140.66 or 5.1% below the close.Change YTD: -0.92%Volume: 1,100,600 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 01/26/2023 to 02/14/2023Breakout 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: Medical ServicesIndustry RS rank: 45 out of 60Stock RS rank: 551 out of 6252/16/23 close: $100.331 Month avg volatility: $3.94. Volatility stop (for upward breakout): $88.24 or 12.1% below the close.Change YTD: 20.10%Volume: 1,295,100 shares. 3 month avg: 412,928 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: Ugly double bottom reversal pattern from 01/11/2023 to 01/25/2023Breakout 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: Packaging and ContainerIndustry RS rank: 46 out of 60Stock RS rank: 450 out of 6252/16/23 close: $57.391 Month avg volatility: $1.81. Volatility stop (for downward breakout): $61.94 or 7.9% above the close.Change YTD: 12.22%Volume: 1,805,700 shares. 3 month avg: 2,433,769 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: Diamond top reversal pattern from 01/19/2023 to 02/16/2023Breakout 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: BiotechnologyIndustry RS rank: 15 out of 60Stock RS rank: 136 out of 6252/16/23 close: $107.291 Month avg volatility: $2.01. Volatility stop (for downward breakout): $112.31 or 4.7% above the close.Change YTD: 3.67%Volume: 880,000 shares. 3 month avg: 1,330,032 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: Pipe top reversal pattern from 01/23/2023 to 01/30/2023Breakout 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: Aerospace/DefenseIndustry RS rank: 19 out of 60Stock RS rank: 44 out of 6252/16/23 close: $212.211 Month avg volatility: $5.46. Volatility stop (for downward breakout): $227.44 or 7.2% above the close.Change YTD: 11.40%Volume: 4,330,600 shares. 3 month avg: 3,332,308 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, right-angled and ascending reversal pattern from 01/10/2023 to 02/14/2023Breakout 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: Food ProcessingIndustry RS rank: 22 out of 60Stock RS rank: 336 out of 6252/16/23 close: $50.891 Month avg volatility: $0.96. Volatility stop (for upward breakout): $48.56 or 4.6% below the close.Change YTD: -10.33%Volume: 1,565,700 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: Triangle, symmetrical continuation pattern from 01/31/2023 to 02/16/2023Breakout 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: ElectronicsIndustry RS rank: 49 out of 60Stock RS rank: 85 out of 6252/16/23 close: $13.451 Month avg volatility: $0.39. Volatility stop (for upward breakout): $12.63 or 6.1% below the close.Change YTD: 19.34%Volume: 321,400 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: Triangle, symmetrical continuation pattern from 01/26/2023 to 02/16/2023Breakout 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: Industrial ServicesIndustry RS rank: 25 out of 60Stock RS rank: 326 out of 6252/16/23 close: $441.361 Month avg volatility: $8.54. Volatility stop (for upward breakout): $420.94 or 4.6% below the close.Change YTD: -2.27%Volume: 304,300 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 bottom reversal pattern from 01/05/2023 to 02/07/2023Breakout 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: Computers and PeripheralsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 44 out of 60Stock RS rank: 176 out of 6252/16/23 close: $50.991 Month avg volatility: $0.95. Volatility stop (for upward breakout): $47.91 or 6.0% below the close.Change YTD: 7.03%Volume: 48,096,500 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: Head-and-shoulders bottom reversal pattern from 01/05/2023 to 02/09/2023Breakout 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 (Diversified)Industry RS rank: 36 out of 60Stock RS rank: 529 out of 6252/16/23 close: $86.911 Month avg volatility: $2.38. Volatility stop (for downward breakout): $93.01 or 7.0% above the close.Change YTD: 6.72%Volume: 745,400 shares. 3 month avg: 1,209,300 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, inverted reversal pattern from 01/09/2023 to 02/15/2023Breakout is downward 50% of the time.Average decline: 17%.Break-even failure rate: 10%.Pullbacks occur 56% of the time.Price hits measure rule target 73% of the time.
Industry: Industrial ServicesIndustry RS rank: 25 out of 60Stock RS rank: 64 out of 6252/16/23 close: $148.761 Month avg volatility: $2.93. Volatility stop (for upward breakout): $140.99 or 5.2% below the close.Change YTD: 0.44%Volume: 294,500 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: Pipe bottom reversal pattern from 06/13/2022 to 06/21/2022Breakout 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: ElectronicsIndustry RS rank: 49 out of 60Stock RS rank: 31 out of 6252/16/23 close: $24.241 Month avg volatility: $0.70. Volatility stop (for upward breakout): $22.69 or 6.4% below the close.Change YTD: 12.95%Volume: 2,643,200 shares. 3 month avg: 3,241,565 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: Scallop, ascending continuation pattern from 12/14/2022 to 01/17/2023Breakout 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: Medical SuppliesIndustry RS rank: 29 out of 60Stock RS rank: 157 out of 6252/16/23 close: $82.821 Month avg volatility: $1.98. Volatility stop (for downward breakout): $90.89 or 9.7% above the close.Change YTD: 3.69%Volume: 2,609,500 shares. 3 month avg: 2,211,905 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, Adam and Eve reversal pattern from 02/02/2023 to 02/14/2023Breakout 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: Aerospace/DefenseIndustry RS rank: 19 out of 60Stock RS rank: 370 out of 6252/16/23 close: $199.361 Month avg volatility: $4.33. Volatility stop (for downward breakout): $210.21 or 5.4% above the close.Change YTD: -6.97%Volume: 2,753,800 shares. 3 month avg: 2,744,942 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: Triangle, descending reversal pattern from 01/20/2023 to 02/16/2023Breakout is downward 64% of the time.Average decline: 16%.Break-even failure rate: 16%.Pullbacks occur 54% of the time.Price hits measure rule target 54% of the time.
Industry: MachineryIndustry RS rank: 12 out of 60Stock RS rank: 264 out of 6252/16/23 close: $225.091 Month avg volatility: $5.09. Volatility stop (for downward breakout): $236.61 or 5.1% above the close.Change YTD: -1.42%Volume: 364,200 shares. 3 month avg: 279,572 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 Top, Eve and Eve reversal pattern from 01/17/2023 to 01/31/2023Breakout 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: Oilfield Svcs/EquipmentIndustry RS rank: 1 out of 60Stock RS rank: 48 out of 6252/16/23 close: $6.821 Month avg volatility: $0.47. Volatility stop (for downward breakout): $7.98 or 17.0% above the close.Change YTD: 9.65%Volume: 150,000 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 top reversal pattern from 01/30/2023 to 02/06/2023WARNING: A dead-cat bounce occurred on 02/09/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/11/2023 and a 38% chance by 08/10/2023.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: Oilfield Svcs/EquipmentIndustry RS rank: 1 out of 60Stock RS rank: 33 out of 6252/16/23 close: $22.841 Month avg volatility: $0.91. Volatility stop (for downward breakout): $25.26 or 10.6% above the close.Change YTD: 9.33%Volume: 2,842,300 shares. 3 month avg: 3,130,966 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: Triangle, descending reversal pattern from 01/24/2023 to 02/16/2023Breakout is downward 64% of the time.Average decline: 16%.Break-even failure rate: 16%.Pullbacks occur 54% of the time.Price hits measure rule target 54% of the time.
Industry: Electric Utility (West)Industry RS rank: 53 out of 60Stock RS rank: 534 out of 6252/16/23 close: $48.161 Month avg volatility: $1.11. Volatility stop (for downward breakout): $50.63 or 5.1% above the close.Change YTD: -1.71%Volume: 1,105,800 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: Triple top reversal pattern from 12/13/2022 to 01/12/2023Breakout 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: Insurance (Life)Industry RS rank: 13 out of 60Stock RS rank: 365 out of 6252/16/23 close: $103.111 Month avg volatility: $2.52. Volatility stop (for downward breakout): $109.08 or 5.8% above the close.Change YTD: 3.67%Volume: 1,506,500 shares. 3 month avg: 1,688,191 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 01/27/2023 to 02/16/2023Breakout 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: Computers and PeripheralsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 44 out of 60Stock RS rank: 253 out of 6252/16/23 close: $31.591 Month avg volatility: $0.82. Volatility stop (for upward breakout): $29.70 or 6.0% below the close.Change YTD: 18.05%Volume: 3,258,500 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: Big W reversal pattern from 01/24/2022 to 02/24/2022Breakout is upward 71% of the time.Average rise: 31%.Break-even failure rate: 11%.Throwbacks occur 32% of the time.Price hits measure rule target 42% of the time.
Industry: Medical ServicesIndustry RS rank: 45 out of 60Stock RS rank: 221 out of 6252/16/23 close: $146.661 Month avg volatility: $2.83. Volatility stop (for upward breakout): $137.87 or 6.0% below the close.Change YTD: -6.25%Volume: 782,900 shares. 3 month avg: 1,490,418 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: Head-and-shoulders bottom reversal pattern from 01/25/2023 to 02/14/2023Breakout 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: Computer Software and SvcsIndustry RS rank: 52 out of 60Stock RS rank: 579 out of 6252/16/23 close: $37.071 Month avg volatility: $2.57. Volatility stop (for downward breakout): $46.33 or 25.0% above the close.Change YTD: 4.72%Volume: 13,227,400 shares. 3 month avg: 1,339,514 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 02/16/2023 to 02/16/2023Breakout is downward 67% of the time.Average decline: 18%.
Industry: Oilfield Svcs/EquipmentIndustry RS rank: 1 out of 60Stock RS rank: 42 out of 6252/16/23 close: $9.301 Month avg volatility: $0.50. Volatility stop (for upward breakout): $8.24 or 11.4% below the close.Change YTD: 4.61%Volume: 1,001,100 shares. 3 month avg: 1,275,503 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: Triangle, symmetrical continuation pattern from 11/11/2022 to 02/16/2023Breakout 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-CommerceIndustry RS rank: 43 out of 60Stock RS rank: 74 out of 6252/16/23 close: $44.911 Month avg volatility: $2.62. Volatility stop (for upward breakout): $39.06 or 13.0% below the close.Change YTD: 29.39%Volume: 66,384,200 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: Triple bottom reversal pattern from 06/14/2022 to 07/15/2022Breakout 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: BiotechnologyIndustry RS rank: 15 out of 60Stock RS rank: 549 out of 6252/16/23 close: $76.241 Month avg volatility: $2.42. Volatility stop (for downward breakout): $82.05 or 7.6% above the close.Change YTD: -8.01%Volume: 815,000 shares. 3 month avg: 150,611 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 11/11/2022 to 01/11/2023Breakout 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: AdvertisingIndustry RS rank: 14 out of 60Stock RS rank: 493 out of 6252/16/23 close: $63.071 Month avg volatility: $2.71. Volatility stop (for upward breakout): $57.20 or 9.3% below the close.Change YTD: 40.69%Volume: 11,426,900 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 07/14/2022 to 07/29/2022Breakout 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: Computers and PeripheralsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 44 out of 60Stock RS rank: 380 out of 6252/16/23 close: $333.441 Month avg volatility: $10.14. Volatility stop (for downward breakout): $361.13 or 8.3% above the close.Change YTD: 30.04%Volume: 555,800 shares. 3 month avg: 395,197 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: Triple top reversal pattern from 11/23/2022 to 12/13/2022Breakout 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.
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