As of 04/22/2024   Indus: 38,240 +253.58 +0.7%     Trans: 15,224 +140.68 +0.9%     Utils: 883 +7.72 +0.9%     Nasdaq: 15,451 +169.30 +1.1%     S&P 500: 5,011 +43.37 +0.9%	YTD  +1.5%   -4.2%    +0.2%    +2.9%    +5.0%	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 04/22/2024   Indus: 38,240 +253.58 +0.7%     Trans: 15,224 +140.68 +0.9%     Utils: 883 +7.72 +0.9%     Nasdaq: 15,451 +169.30 +1.1%     S&P 500: 5,011 +43.37 +0.9%	YTD  +1.5%   -4.2%    +0.2%    +2.9%    +5.0%
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: Air Transport

Industry RS rank: 46 out of 60

Stock RS rank: 595 out of 625

3/2/23 close: $22.05

1 Month avg volatility: $0.81. Volatility stop (for downward breakout): $23.83 or 8.1% above the close.

Change YTD: -15.13%

Volume: 766,400 shares. 3 month avg: 530,657 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: Dead-cat bounce continuation pattern from 02/24/2023 to 02/24/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Building Materials

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

Industry RS rank: 24 out of 60

Stock RS rank: 276 out of 625

3/2/23 close: $55.66

1 Month avg volatility: $2.42. Volatility stop (for downward breakout): $60.79 or 9.2% above the close.

Change YTD: 13.92%

Volume: 134,700 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: Three Falling Peaks reversal pattern from 02/02/2023 to 02/27/2023

Breakout is downward 100% of the time.

Average decline: 17%.

Break-even failure rate: 12%.

Pullbacks occur 59% of the time.

Price hits measure rule target 33% of the time.

Industry: Computers and Peripherals

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

Industry RS rank: 48 out of 60

Stock RS rank: 498 out of 625

3/2/23 close: $145.91

1 Month avg volatility: $3.16. Volatility stop (for downward breakout): $153.03 or 4.9% above the close.

Change YTD: 12.30%

Volume: 52,087,600 shares. 3 month avg: 27,687,312 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: Double Top, Adam and Adam reversal pattern from 02/03/2023 to 02/16/2023

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: Chemical (Specialty)

Industry RS rank: 22 out of 60

Stock RS rank: 414 out of 625

3/2/23 close: $43.97

1 Month avg volatility: $1.32. Volatility stop (for upward breakout): $40.50 or 7.9% below the close.

Change YTD: 30.24%

Volume: 311,100 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: Pipe bottom reversal pattern from 02/06/2023 to 02/13/2023

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: Precision Instrument

Industry RS rank: 33 out of 60

Stock RS rank: 74 out of 625

3/2/23 close: $121.46

1 Month avg volatility: $3.02. Volatility stop (for upward breakout): $113.40 or 6.6% below the close.

Change YTD: 11.40%

Volume: 78,900 shares. 3 month avg: 149,246 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: Broadening top, right-angled and descending continuation pattern from 02/07/2023 to 02/28/2023

Breakout is upward 51% of the time.

Average rise: 28%.

Break-even failure rate: 19%.

Throwbacks occur 52% of the time.

Price hits measure rule target 63% of the time.

Industry: Retail Store

Industry RS rank: 34 out of 60

Stock RS rank: 602 out of 625

3/2/23 close: $14.51

1 Month avg volatility: $1.00. Volatility stop (for downward breakout): $17.99 or 24.0% above the close.

Change YTD: -1.29%

Volume: 4,452,800 shares. 3 month avg: 984,457 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 Adam reversal pattern from 01/13/2023 to 02/02/2023

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: Drug

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

Industry RS rank: 15 out of 60

Stock RS rank: 367 out of 625

3/2/23 close: $69.19

1 Month avg volatility: $1.32. Volatility stop (for downward breakout): $72.37 or 4.6% above the close.

Change YTD: -3.84%

Volume: 5,938,100 shares. 3 month avg: 5,378,746 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: Double Top, Adam and Adam reversal pattern from 01/24/2023 to 02/06/2023

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: Precision Instrument

Industry RS rank: 33 out of 60

Stock RS rank: 57 out of 625

3/2/23 close: $73.63

1 Month avg volatility: $2.17. Volatility stop (for downward breakout): $78.30 or 6.4% above the close.

Change YTD: 7.72%

Volume: 2,085,400 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 top reversal pattern from 02/06/2023 to 02/13/2023

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: Apparel

Industry RS rank: 12 out of 60

Stock RS rank: 260 out of 625

3/2/23 close: $6.20

1 Month avg volatility: $0.26. Volatility stop (for upward breakout): $5.37 or 13.3% below the close.

Change YTD: 26.02%

Volume: 2,868,900 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: Ugly double bottom reversal pattern from 01/19/2023 to 02/24/2023

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: Machinery

Industry RS rank: 10 out of 60

Stock RS rank: 157 out of 625

3/2/23 close: $252.87

1 Month avg volatility: $5.66. Volatility stop (for downward breakout): $265.88 or 5.1% above the close.

Change YTD: 4.37%

Volume: 1,039,100 shares. 3 month avg: 1,327,631 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 top reversal pattern from 01/31/2023 to 02/24/2023

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: Chemical (Specialty)

Industry RS rank: 22 out of 60

Stock RS rank: 428 out of 625

3/2/23 close: $161.93

1 Month avg volatility: $3.82. Volatility stop (for downward breakout): $169.75 or 4.8% above the close.

Change YTD: 11.25%

Volume: 1,070,600 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: Broadening top reversal pattern from 01/12/2023 to 02/16/2023

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: Air Transport

Industry RS rank: 46 out of 60

Stock RS rank: 291 out of 625

3/2/23 close: $109.95

1 Month avg volatility: $2.87. Volatility stop (for upward breakout): $98.78 or 10.2% below the close.

Change YTD: 5.80%

Volume: 1,911,900 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: Double Bottom, Adam and Adam reversal pattern from 02/21/2023 to 03/01/2023

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: Chemical (Basic)

Industry RS rank: 31 out of 60

Stock RS rank: 141 out of 625

3/2/23 close: $128.86

1 Month avg volatility: $2.72. Volatility stop (for upward breakout): $121.14 or 6.0% below the close.

Change YTD: 3.25%

Volume: 790,800 shares. 3 month avg: 1,151,138 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 02/06/2023 to 03/02/2023

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: 12 out of 60

Stock RS rank: 34 out of 625

3/2/23 close: $12.79

1 Month avg volatility: $0.54. Volatility stop (for downward breakout): $14.02 or 9.6% above the close.

Change YTD: 13.39%

Volume: 6,448,000 shares. 3 month avg: 5,662,882 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: Pipe top reversal pattern from 01/30/2023 to 02/06/2023

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: Biotechnology

Industry RS rank: 16 out of 60

Stock RS rank: 90 out of 625

3/2/23 close: $79.62

1 Month avg volatility: $1.54. Volatility stop (for downward breakout): $82.98 or 4.2% above the close.

Change YTD: -7.26%

Volume: 3,458,400 shares. 3 month avg: 8,272,228 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: Three Falling Peaks reversal pattern from 12/13/2022 to 02/13/2023

Breakout is downward 100% of the time.

Average decline: 17%.

Break-even failure rate: 12%.

Pullbacks occur 59% of the time.

Price hits measure rule target 33% of the time.

Industry: Cement and Aggregates

Industry RS rank: 19 out of 60

Stock RS rank: 115 out of 625

3/2/23 close: $58.93

1 Month avg volatility: $1.48. Volatility stop (for downward breakout): $62.40 or 5.9% above the close.

Change YTD: 18.33%

Volume: 522,700 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: Broadening top reversal pattern from 02/02/2023 to 03/02/2023

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: Securities Brokerage

Industry RS rank: 9 out of 60

Stock RS rank: 325 out of 625

3/2/23 close: $349.10

1 Month avg volatility: $7.70. Volatility stop (for downward breakout): $365.18 or 4.6% above the close.

Change YTD: 1.67%

Volume: 3,240,000 shares. 3 month avg: 2,673,269 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: Diamond top reversal pattern from 02/02/2023 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: Medical Supplies

Industry RS rank: 28 out of 60

Stock RS rank: 306 out of 625

3/2/23 close: $77.89

1 Month avg volatility: $2.01. Volatility stop (for downward breakout): $82.04 or 5.3% above the close.

Change YTD: -2.48%

Volume: 616,900 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: Horn top reversal pattern from 01/30/2023 to 02/13/2023

Breakout is downward 100% of the time.

Average decline: 21%.

Break-even failure rate: 7%.

Pullbacks occur 33% of the time.

Price hits measure rule target 70% of the time.

Industry: Medical Services

Industry RS rank: 49 out of 60

Stock RS rank: 619 out of 625

3/2/23 close: $1.82

1 Month avg volatility: $0.21. Volatility stop (for downward breakout): $2.26 or 23.9% above the close.

Change YTD: -2.15%

Volume: 10,724,900 shares. 3 month avg: 321,822 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: Dead-cat bounce continuation pattern from 03/01/2023 to 03/01/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Food Processing

Industry RS rank: 38 out of 60

Stock RS rank: 523 out of 625

3/2/23 close: $65.62

1 Month avg volatility: $1.13. Volatility stop (for downward breakout): $68.08 or 3.8% above the close.

Change YTD: -7.89%

Volume: 2,187,700 shares. 3 month avg: 3,593,774 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: Broadening top, right-angled and ascending reversal pattern from 01/20/2023 to 02/22/2023

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 Store

Industry RS rank: 34 out of 60

Stock RS rank: 449 out of 625

3/2/23 close: $27.85

1 Month avg volatility: $1.42. Volatility stop (for downward breakout): $31.69 or 13.8% above the close.

Change YTD: 10.30%

Volume: 6,490,500 shares. 3 month avg: 4,163,043 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: Head-and-shoulders top reversal pattern from 01/26/2023 to 02/15/2023

Breakout is downward 100% of the time.

Average decline: 22%.

Break-even failure rate: 4%.

Pullbacks occur 50% of the time.

Price hits measure rule target 55% of the time.

Industry: Medical Services

Industry RS rank: 49 out of 60

Stock RS rank: 300 out of 625

3/2/23 close: $239.46

1 Month avg volatility: $5.90. Volatility stop (for downward breakout): $251.76 or 5.1% above the close.

Change YTD: 1.69%

Volume: 735,900 shares. 3 month avg: 674,168 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 01/24/2023 to 02/17/2023

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: Semiconductor

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

Industry RS rank: 25 out of 60

Stock RS rank: 81 out of 625

3/2/23 close: $69.86

1 Month avg volatility: $2.03. Volatility stop (for upward breakout): $63.03 or 9.8% below the close.

Change YTD: 10.92%

Volume: 397,000 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: Ugly double bottom reversal pattern from 01/20/2023 to 02/03/2023

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: 57 out of 60

Stock RS rank: 321 out of 625

3/2/23 close: $18.01

1 Month avg volatility: $0.41. Volatility stop (for downward breakout): $18.90 or 4.9% above the close.

Change YTD: -4.10%

Volume: 348,700 shares. 3 month avg: 340,109 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, Adam and Adam reversal pattern from 02/02/2023 to 02/15/2023

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: Electric Utility (Central)

Industry RS rank: 58 out of 60

Stock RS rank: 503 out of 625

3/2/23 close: $27.27

1 Month avg volatility: $0.56. Volatility stop (for upward breakout): $25.58 or 6.2% below the close.

Change YTD: -0.55%

Volume: 3,221,500 shares. 3 month avg: 3,688,512 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 02/09/2023 to 02/16/2023

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: Semiconductor

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

Industry RS rank: 25 out of 60

Stock RS rank: 226 out of 625

3/2/23 close: $76.75

1 Month avg volatility: $3.17. Volatility stop (for downward breakout): $83.66 or 9.0% above the close.

Change YTD: 23.06%

Volume: 14,196,000 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: Pipe top reversal pattern from 02/06/2023 to 02/13/2023

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: Medical Supplies

Industry RS rank: 28 out of 60

Stock RS rank: 621 out of 625

3/2/23 close: $16.40

1 Month avg volatility: $0.88. Volatility stop (for downward breakout): $18.37 or 12.0% above the close.

Change YTD: -16.03%

Volume: 4,327,000 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: Dead-cat bounce continuation pattern from 02/28/2023 to 02/28/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: E-Commerce

Industry RS rank: 32 out of 60

Stock RS rank: 587 out of 625

3/2/23 close: $189.68

1 Month avg volatility: $8.51. Volatility stop (for downward breakout): $209.24 or 10.3% above the close.

Change YTD: -2.36%

Volume: 489,700 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: Pipe top reversal pattern from 01/30/2023 to 02/06/2023

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: Healthcare Information

Industry RS rank: 57 out of 60

Stock RS rank: 525 out of 625

3/2/23 close: $31.74

1 Month avg volatility: $0.60. Volatility stop (for downward breakout): $33.05 or 4.1% above the close.

Change YTD: -9.26%

Volume: 443,400 shares. 3 month avg: 544,129 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, Adam and Eve reversal pattern from 02/02/2023 to 02/21/2023

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: Electric Utility (East)

Industry RS rank: 59 out of 60

Stock RS rank: 495 out of 625

3/2/23 close: $59.87

1 Month avg volatility: $1.30. Volatility stop (for downward breakout): $62.49 or 4.4% above the close.

Change YTD: -2.28%

Volume: 2,259,400 shares. 3 month avg: 2,747,514 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 complex top reversal pattern from 12/01/2022 to 02/27/2023

Breakout is downward 100% of the time.

Average decline: 23%.

Break-even failure rate: 4%.

Pullbacks occur 67% of the time.

Price hits measure rule target 53% of the time.

Industry: Petroleum (Producing)

Industry RS rank: 55 out of 60

Stock RS rank: 567 out of 625

3/2/23 close: $27.29

1 Month avg volatility: $1.30. Volatility stop (for upward breakout): $24.05 or 11.9% below the close.

Change YTD: 9.07%

Volume: 3,338,200 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: Triple bottom reversal pattern from 01/04/2023 to 02/21/2023

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: Computer Software and Svcs

Industry RS rank: 50 out of 60

Stock RS rank: 588 out of 625

3/2/23 close: $33.84

1 Month avg volatility: $2.27. Volatility stop (for downward breakout): $38.61 or 14.1% above the close.

Change YTD: -4.41%

Volume: 2,840,800 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: Horn top reversal pattern from 01/30/2023 to 02/13/2023

WARNING: A dead-cat bounce occurred on 02/16/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/18/2023 and a 38% chance by 08/17/2023.

Breakout is downward 100% of the time.

Average decline: 21%.

Break-even failure rate: 7%.

Pullbacks occur 33% of the time.

Price hits measure rule target 70% of the time.

Industry: Industrial Services

Industry RS rank: 20 out of 60

Stock RS rank: 304 out of 625

3/2/23 close: $426.65

1 Month avg volatility: $7.56. Volatility stop (for upward breakout): $404.01 or 5.3% below the close.

Change YTD: -1.26%

Volume: 385,800 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: Falling wedge from 12/20/2022 to 02/16/2023

Breakout is upward 68% of the time.

Average rise: 32%.

Break-even failure rate: 11%.

Throwbacks occur 56% of the time.

Price hits measure rule target 70% of the time.

Industry: Retail (Special Lines)

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

Industry RS rank: 47 out of 60

Stock RS rank: 71 out of 625

3/2/23 close: $111.01

1 Month avg volatility: $2.29. Volatility stop (for downward breakout): $115.64 or 4.2% above the close.

Change YTD: -4.36%

Volume: 2,568,900 shares. 3 month avg: 2,750,108 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: Double Top, Adam and Eve reversal pattern from 01/06/2023 to 01/27/2023

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: Shoe

Industry RS rank: 4 out of 60

Stock RS rank: 118 out of 625

3/2/23 close: $45.94

1 Month avg volatility: $1.11. Volatility stop (for upward breakout): $42.44 or 7.6% below the close.

Change YTD: 9.51%

Volume: 1,189,200 shares. 3 month avg: 3,234,920 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: Double Bottom, Eve and Eve reversal pattern from 02/08/2023 to 02/24/2023

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: E-Commerce

Industry RS rank: 32 out of 60

Stock RS rank: 52 out of 625

3/2/23 close: $44.21

1 Month avg volatility: $1.78. Volatility stop (for upward breakout): $39.02 or 11.7% below the close.

Change YTD: 12.32%

Volume: 921,600 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: Triangle, symmetrical continuation pattern from 02/02/2023 to 03/02/2023

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: Natural Gas (Distributor)

Industry RS rank: 53 out of 60

Stock RS rank: 421 out of 625

3/2/23 close: $69.71

1 Month avg volatility: $1.63. Volatility stop (for downward breakout): $73.31 or 5.2% above the close.

Change YTD: 1.23%

Volume: 276,400 shares. 3 month avg: 172,872 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: Pipe top reversal pattern from 01/30/2023 to 02/06/2023

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: Cement and Aggregates

Industry RS rank: 19 out of 60

Stock RS rank: 286 out of 625

3/2/23 close: $30.43

1 Month avg volatility: $0.93. Volatility stop (for downward breakout): $32.32 or 6.2% above the close.

Change YTD: 7.19%

Volume: 760,900 shares. 3 month avg: 1,204,178 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: Horn top reversal pattern from 01/30/2023 to 02/13/2023

Breakout is downward 100% of the time.

Average decline: 21%.

Break-even failure rate: 7%.

Pullbacks occur 33% of the time.

Price hits measure rule target 70% of the time.

Industry: Healthcare Information

Industry RS rank: 57 out of 60

Stock RS rank: 576 out of 625

3/2/23 close: $25.44

1 Month avg volatility: $1.53. Volatility stop (for downward breakout): $28.78 or 13.1% above the close.

Change YTD: 7.57%

Volume: 4,433,800 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: Head-and-shoulders top reversal pattern from 01/24/2023 to 02/15/2023

Breakout is downward 100% of the time.

Average decline: 22%.

Break-even failure rate: 4%.

Pullbacks occur 50% of the time.

Price hits measure rule target 55% of the time.

Industry: Computer Software and Svcs

Industry RS rank: 50 out of 60

Stock RS rank: 114 out of 625

3/2/23 close: $40.26

1 Month avg volatility: $1.09. Volatility stop (for upward breakout): $36.84 or 8.5% below the close.

Change YTD: 19.61%

Volume: 1,499,900 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: Pennant continuation pattern from 02/16/2023 to 02/28/2023

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: Building Materials

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

Industry RS rank: 24 out of 60

Stock RS rank: 265 out of 625

3/2/23 close: $50.90

1 Month avg volatility: $2.00. Volatility stop (for downward breakout): $55.03 or 8.1% above the close.

Change YTD: 20.25%

Volume: 1,049,700 shares. 3 month avg: 245,355 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: Double Top, Adam and Adam reversal pattern from 02/02/2023 to 02/09/2023

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: Metals and Mining (Div.)

Industry RS rank: 3 out of 60

Stock RS rank: 466 out of 625

3/2/23 close: $13.49

1 Month avg volatility: $0.64. Volatility stop (for upward breakout): $11.32 or 16.1% below the close.

Change YTD: 7.92%

Volume: 899,400 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 02/13/2023 to 02/21/2023

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: Shoe

Industry RS rank: 4 out of 60

Stock RS rank: 557 out of 625

3/2/23 close: $16.79

1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $15.27 or 9.0% below the close.

Change YTD: 53.61%

Volume: 1,155,500 shares. 3 month avg: 772,149 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: Pipe bottom reversal pattern from 02/06/2023 to 02/13/2023

WARNING: A dead-cat bounce occurred on 11/09/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/10/2023.

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.

 

Support this site! Clicking any of the books (below) takes you to Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."

My Stock Market Books Invest for Two-Comma Wealth   Chart Patterns: After the Buy Encyclopedia of Chart Pattern, 3rd Edition Fundamental Analysis and Position Trading Getting Started in Chart Patterns, 2nd Edition Swing and Day Trading Trading Basics

My Novels Training Miles   Bumper's Story Head's Law Remember Me

Copyright © 2005-2024 by Thomas N. Bulkowski. All rights reserved.

Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.

Some pattern names are registered trademarks of their respective owners.

Home Advertise Contact Donate Privacy/Disclaimer ☰