As of 04/19/2024   Indus: 37,986 +211.02 +0.6%     Trans: 15,084 +136.79 +0.9%     Utils: 876 +15.31 +1.8%     Nasdaq: 15,282 -319.49 -2.0%     S&P 500: 4,967 -43.89 -0.9%	YTD  +0.8%   -5.1%   -0.7%    +1.8%    +4.1%	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 04/19/2024   Indus: 37,986 +211.02 +0.6%     Trans: 15,084 +136.79 +0.9%     Utils: 876 +15.31 +1.8%     Nasdaq: 15,282 -319.49 -2.0%     S&P 500: 4,967 -43.89 -0.9%	YTD  +0.8%   -5.1%   -0.7%    +1.8%    +4.1%
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: Apparel

Industry RS rank: 18 out of 60

Stock RS rank: 13 out of 625

2/16/23 close: $30.09

1 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 01/09/2023

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: Precision Instrument

Industry RS rank: 33 out of 60

Stock RS rank: 259 out of 625

2/16/23 close: $148.28

1 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 02/14/2023

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: Medical Services

Industry RS rank: 45 out of 60

Stock RS rank: 551 out of 625

2/16/23 close: $100.33

1 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 01/25/2023

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: Packaging and Container

Industry RS rank: 46 out of 60

Stock RS rank: 450 out of 625

2/16/23 close: $57.39

1 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 02/16/2023

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: Biotechnology

Industry RS rank: 15 out of 60

Stock RS rank: 136 out of 625

2/16/23 close: $107.29

1 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 01/30/2023

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: Aerospace/Defense

Industry RS rank: 19 out of 60

Stock RS rank: 44 out of 625

2/16/23 close: $212.21

1 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 02/14/2023

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: Food Processing

Industry RS rank: 22 out of 60

Stock RS rank: 336 out of 625

2/16/23 close: $50.89

1 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 02/16/2023

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: Electronics

Industry RS rank: 49 out of 60

Stock RS rank: 85 out of 625

2/16/23 close: $13.45

1 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 02/16/2023

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: Industrial Services

Industry RS rank: 25 out of 60

Stock RS rank: 326 out of 625

2/16/23 close: $441.36

1 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 02/07/2023

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: Computers and Peripherals

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

Industry RS rank: 44 out of 60

Stock RS rank: 176 out of 625

2/16/23 close: $50.99

1 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 02/09/2023

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 (Diversified)

Industry RS rank: 36 out of 60

Stock RS rank: 529 out of 625

2/16/23 close: $86.91

1 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 02/15/2023

Breakout 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 Services

Industry RS rank: 25 out of 60

Stock RS rank: 64 out of 625

2/16/23 close: $148.76

1 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 06/21/2022

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: Electronics

Industry RS rank: 49 out of 60

Stock RS rank: 31 out of 625

2/16/23 close: $24.24

1 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 01/17/2023

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: Medical Supplies

Industry RS rank: 29 out of 60

Stock RS rank: 157 out of 625

2/16/23 close: $82.82

1 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 02/14/2023

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: Aerospace/Defense

Industry RS rank: 19 out of 60

Stock RS rank: 370 out of 625

2/16/23 close: $199.36

1 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 02/16/2023

Breakout 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: Machinery

Industry RS rank: 12 out of 60

Stock RS rank: 264 out of 625

2/16/23 close: $225.09

1 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 01/31/2023

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: Oilfield Svcs/Equipment

Industry RS rank: 1 out of 60

Stock RS rank: 48 out of 625

2/16/23 close: $6.82

1 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 02/06/2023

WARNING: 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/Equipment

Industry RS rank: 1 out of 60

Stock RS rank: 33 out of 625

2/16/23 close: $22.84

1 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 02/16/2023

Breakout 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 60

Stock RS rank: 534 out of 625

2/16/23 close: $48.16

1 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 01/12/2023

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: Insurance (Life)

Industry RS rank: 13 out of 60

Stock RS rank: 365 out of 625

2/16/23 close: $103.11

1 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 02/16/2023

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: Computers and Peripherals

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

Industry RS rank: 44 out of 60

Stock RS rank: 253 out of 625

2/16/23 close: $31.59

1 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 02/24/2022

Breakout 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 Services

Industry RS rank: 45 out of 60

Stock RS rank: 221 out of 625

2/16/23 close: $146.66

1 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 02/14/2023

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: Computer Software and Svcs

Industry RS rank: 52 out of 60

Stock RS rank: 579 out of 625

2/16/23 close: $37.07

1 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 02/16/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Oilfield Svcs/Equipment

Industry RS rank: 1 out of 60

Stock RS rank: 42 out of 625

2/16/23 close: $9.30

1 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 02/16/2023

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: 43 out of 60

Stock RS rank: 74 out of 625

2/16/23 close: $44.91

1 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 07/15/2022

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: Biotechnology

Industry RS rank: 15 out of 60

Stock RS rank: 549 out of 625

2/16/23 close: $76.24

1 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 01/11/2023

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: Advertising

Industry RS rank: 14 out of 60

Stock RS rank: 493 out of 625

2/16/23 close: $63.07

1 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 07/29/2022

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: Computers and Peripherals

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

Industry RS rank: 44 out of 60

Stock RS rank: 380 out of 625

2/16/23 close: $333.44

1 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 12/13/2022

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.

 

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