As of 11/21/2024   Indus: 43,870 +461.88 +1.1%     Trans: 17,172 +169.53 +1.0%     Utils: 1,076 +20.58 +2.0%     Nasdaq: 18,972 +6.28 +0.0%     S&P 500: 5,949 +31.60 +0.5%	YTD  +16.4%    +8.0%    +22.0%    +26.4%    +24.7%	Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

As of 11/21/2024   Indus: 43,870 +461.88 +1.1%     Trans: 17,172 +169.53 +1.0%     Utils: 1,076 +20.58 +2.0%     Nasdaq: 18,972 +6.28 +0.0%     S&P 500: 5,949 +31.60 +0.5%	YTD  +16.4%    +8.0%    +22.0%    +26.4%    +24.7%
Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

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: Computer Software and Svcs

Industry RS rank: 49 out of 60

Stock RS rank: 428 out of 625

3/9/23 close: $60.92

1 Month avg volatility: $2.64. Volatility stop (for downward breakout): $71.10 or 16.7% above the close.

Change YTD: 20.23%

Volume: 1,906,800 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: Double Top, Eve and Adam reversal pattern from 02/14/2023 to 03/06/2023

Breakout is downward 100% of the time.

Average decline: 15%.

Break-even failure rate: 13%.

Pullbacks occur 64% of the time.

Price hits measure rule target 72% of the time.

Industry: Biotechnology

Industry RS rank: 21 out of 60

Stock RS rank: 141 out of 625

3/9/23 close: $26.91

1 Month avg volatility: $1.33. Volatility stop (for downward breakout): $30.22 or 12.3% above the close.

Change YTD: -9.09%

Volume: 87,400 shares. 3 month avg: 71,871 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 Tuesday.

 

Chart pattern: Dead-cat bounce continuation pattern from 03/07/2023 to 03/07/2023

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: 25 out of 60

Stock RS rank: 199 out of 625

3/9/23 close: $44.98

1 Month avg volatility: $1.07. Volatility stop (for downward breakout): $47.97 or 6.7% above the close.

Change YTD: 1.17%

Volume: 73,500 shares. 3 month avg: 243,183 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: Double Top, Eve and Adam reversal pattern from 02/03/2023 to 03/03/2023

Breakout is downward 100% of the time.

Average decline: 15%.

Break-even failure rate: 13%.

Pullbacks occur 64% of the time.

Price hits measure rule target 72% of the time.

Industry: Computers and Peripherals

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

Industry RS rank: 40 out of 60

Stock RS rank: 432 out of 625

3/9/23 close: $150.59

1 Month avg volatility: $2.85. Volatility stop (for upward breakout): $144.52 or 4.0% below the close.

Change YTD: 15.90%

Volume: 53,450,400 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: Pipe bottom reversal pattern from 02/21/2023 to 02/27/2023

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: Trucking/Transp. Leasing

Industry RS rank: 6 out of 60

Stock RS rank: 57 out of 625

3/9/23 close: $99.21

1 Month avg volatility: $3.74. Volatility stop (for downward breakout): $110.03 or 10.9% above the close.

Change YTD: 41.65%

Volume: 195,200 shares. 3 month avg: 234,063 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: Roof, inverted reversal pattern from 02/08/2023 to 03/09/2023

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: Packaging and Container

Industry RS rank: 45 out of 60

Stock RS rank: 473 out of 625

3/9/23 close: $175.00

1 Month avg volatility: $3.86. Volatility stop (for downward breakout): $188.17 or 7.5% above the close.

Change YTD: -3.31%

Volume: 400,900 shares. 3 month avg: 661,129 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, descending reversal pattern from 02/07/2023 to 03/06/2023

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: Insurance (Prop/Casualty)

Industry RS rank: 14 out of 60

Stock RS rank: 275 out of 625

3/9/23 close: $57.10

1 Month avg volatility: $1.04. Volatility stop (for downward breakout): $60.15 or 5.4% above the close.

Change YTD: 5.41%

Volume: 499,700 shares. 3 month avg: 808,385 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 Top, Adam and Adam reversal pattern from 01/27/2023 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: Insurance (Prop/Casualty)

Industry RS rank: 14 out of 60

Stock RS rank: 50 out of 625

3/9/23 close: $368.16

1 Month avg volatility: $8.18. Volatility stop (for downward breakout): $396.88 or 7.8% above the close.

Change YTD: 11.14%

Volume: 354,000 shares. 3 month avg: 566,686 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 02/09/2023 to 03/01/2023

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: Air Transport

Industry RS rank: 38 out of 60

Stock RS rank: 233 out of 625

3/9/23 close: $110.31

1 Month avg volatility: $2.39. Volatility stop (for upward breakout): $105.40 or 4.5% below the close.

Change YTD: 6.15%

Volume: 1,385,800 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: Pipe bottom reversal pattern from 02/21/2023 to 02/27/2023

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: IT Services

Industry RS rank: 34 out of 60

Stock RS rank: 222 out of 625

3/9/23 close: $115.41

1 Month avg volatility: $2.16. Volatility stop (for downward breakout): $122.78 or 6.4% above the close.

Change YTD: 14.19%

Volume: 2,742,100 shares. 3 month avg: 915,811 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 02/08/2023 to 03/01/2023

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: Insurance (Life)

Industry RS rank: 32 out of 60

Stock RS rank: 17 out of 625

3/9/23 close: $5.92

1 Month avg volatility: $0.21. Volatility stop (for downward breakout): $6.61 or 11.6% above the close.

Change YTD: 11.91%

Volume: 4,848,800 shares. 3 month avg: 4,022,160 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 02/15/2023 to 02/27/2023

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: Computer Software and Svcs

Industry RS rank: 49 out of 60

Stock RS rank: 572 out of 625

3/9/23 close: $105.21

1 Month avg volatility: $2.88. Volatility stop (for downward breakout): $115.19 or 9.5% above the close.

Change YTD: 5.93%

Volume: 1,296,000 shares. 3 month avg: 1,112,569 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 Top, Adam and Eve reversal pattern from 02/02/2023 to 02/15/2023

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: Internet

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

Industry RS rank: 3 out of 60

Stock RS rank: 560 out of 625

3/9/23 close: $92.32

1 Month avg volatility: $2.52. Volatility stop (for upward breakout): $86.86 or 5.9% below the close.

Change YTD: 4.64%

Volume: 28,460,300 shares. 3 month avg: 1,574,874 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: Pipe bottom reversal pattern from 02/21/2023 to 02/27/2023

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: Machinery

Industry RS rank: 11 out of 60

Stock RS rank: 257 out of 625

3/9/23 close: $69.10

1 Month avg volatility: $1.23. Volatility stop (for downward breakout): $72.88 or 5.5% above the close.

Change YTD: 2.74%

Volume: 636,100 shares. 3 month avg: 251,886 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, descending reversal pattern from 02/09/2023 to 03/09/2023

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: Building Materials

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

Industry RS rank: 25 out of 60

Stock RS rank: 198 out of 625

3/9/23 close: $35.60

1 Month avg volatility: $1.16. Volatility stop (for downward breakout): $39.34 or 10.5% above the close.

Change YTD: -0.53%

Volume: 544,200 shares. 3 month avg: 83,558 shares.

This security may be thinly traded (less than 100k 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: Head-and-shoulders top reversal pattern from 01/18/2023 to 02/16/2023

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: Diversified Co.

Industry RS rank: 10 out of 60

Stock RS rank: 35 out of 625

3/9/23 close: $7.75

1 Month avg volatility: $0.44. Volatility stop (for downward breakout): $8.98 or 15.9% above the close.

Change YTD: 23.21%

Volume: 771,200 shares. 3 month avg: 523,465 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: Horn top reversal pattern from 02/13/2023 to 02/27/2023

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: Building Materials

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

Industry RS rank: 25 out of 60

Stock RS rank: 24 out of 625

3/9/23 close: $55.21

1 Month avg volatility: $2.20. Volatility stop (for upward breakout): $50.42 or 8.7% below the close.

Change YTD: 20.84%

Volume: 81,100 shares. 3 month avg: 80,035 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: Triangle, symmetrical continuation pattern from 01/24/2023 to 02/28/2023

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: Furn/Home Furnishings

Industry RS rank: 15 out of 60

Stock RS rank: 509 out of 625

3/9/23 close: $28.03

1 Month avg volatility: $1.04. Volatility stop (for downward breakout): $30.54 or 9.0% above the close.

Change YTD: -1.41%

Volume: 902,900 shares. 3 month avg: 239,735 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: Head-and-shoulders top reversal pattern from 02/03/2023 to 03/03/2023

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: Homebuilding

Industry RS rank: 1 out of 60

Stock RS rank: 42 out of 625

3/9/23 close: $94.94

1 Month avg volatility: $2.16. Volatility stop (for upward breakout): $89.73 or 5.5% below the close.

Change YTD: 6.51%

Volume: 4,927,100 shares. 3 month avg: 4,390,840 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 02/22/2023 to 03/03/2023

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: Homebuilding

Industry RS rank: 1 out of 60

Stock RS rank: 8 out of 625

3/9/23 close: $68.34

1 Month avg volatility: $3.73. Volatility stop (for upward breakout): $60.75 or 11.1% below the close.

Change YTD: 62.40%

Volume: 61,800 shares. 3 month avg: 1,539,280 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 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: Semiconductor

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

Industry RS rank: 12 out of 60

Stock RS rank: 538 out of 625

3/9/23 close: $26.44

1 Month avg volatility: $0.80. Volatility stop (for downward breakout): $28.59 or 8.1% above the close.

Change YTD: 0.04%

Volume: 54,824,400 shares. 3 month avg: 27,019,903 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: Scallop, descending continuation pattern from 02/15/2023 to 03/06/2023

Breakout is downward 66% of the time.

Average decline: 17%.

Break-even failure rate: 15%.

Pullbacks occur 55% of the time.

Price hits measure rule target 30% of the time.

Industry: Advertising

Industry RS rank: 19 out of 60

Stock RS rank: 87 out of 625

3/9/23 close: $34.25

1 Month avg volatility: $0.73. Volatility stop (for downward breakout): $36.49 or 6.5% above the close.

Change YTD: 2.82%

Volume: 2,504,600 shares. 3 month avg: 6,516,800 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: 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: IT Services

Industry RS rank: 34 out of 60

Stock RS rank: 359 out of 625

3/9/23 close: $140.61

1 Month avg volatility: $3.29. Volatility stop (for downward breakout): $151.37 or 7.7% above the close.

Change YTD: 15.82%

Volume: 196,400 shares. 3 month avg: 726,191 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 Top, Eve and Eve reversal pattern from 02/15/2023 to 03/06/2023

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: Financial Services

Industry RS rank: 28 out of 60

Stock RS rank: 236 out of 625

3/9/23 close: $354.44

1 Month avg volatility: $6.02. Volatility stop (for upward breakout): $341.88 or 3.5% below the close.

Change YTD: 1.93%

Volume: 2,403,900 shares. 3 month avg: 2,793,240 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 02/24/2023 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: Oilfield Svcs/Equipment

Industry RS rank: 4 out of 60

Stock RS rank: 125 out of 625

3/9/23 close: $6.72

1 Month avg volatility: $0.38. Volatility stop (for downward breakout): $7.79 or 16.0% above the close.

Change YTD: 8.04%

Volume: 143,600 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: Scallop, descending continuation pattern from 02/07/2023 to 03/06/2023

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 66% of the time.

Average decline: 17%.

Break-even failure rate: 15%.

Pullbacks occur 55% of the time.

Price hits measure rule target 30% of the time.

Industry: Healthcare Information

Industry RS rank: 57 out of 60

Stock RS rank: 271 out of 625

3/9/23 close: $17.44

1 Month avg volatility: $0.40. Volatility stop (for downward breakout): $18.93 or 8.6% above the close.

Change YTD: -7.14%

Volume: 338,600 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: Insurance (Prop/Casualty)

Industry RS rank: 14 out of 60

Stock RS rank: 186 out of 625

3/9/23 close: $24.69

1 Month avg volatility: $0.41. Volatility stop (for downward breakout): $26.16 or 6.0% above the close.

Change YTD: 2.24%

Volume: 1,131,600 shares. 3 month avg: 1,253,378 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: Triple top reversal pattern from 01/26/2023 to 02/28/2023

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: Financial Services

Industry RS rank: 28 out of 60

Stock RS rank: 576 out of 625

3/9/23 close: $75.93

1 Month avg volatility: $2.29. Volatility stop (for downward breakout): $83.85 or 10.4% above the close.

Change YTD: 6.61%

Volume: 17,341,500 shares. 3 month avg: 21,592,165 shares.

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

 

Chart pattern: Scallop, descending continuation pattern from 02/02/2023 to 03/06/2023

Breakout is downward 66% of the time.

Average decline: 17%.

Break-even failure rate: 15%.

Pullbacks occur 55% of the time.

Price hits measure rule target 30% of the time.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 14 out of 60

Stock RS rank: 191 out of 625

3/9/23 close: $142.06

1 Month avg volatility: $2.22. Volatility stop (for downward breakout): $149.21 or 5.0% above the close.

Change YTD: 9.52%

Volume: 2,670,100 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: Broadening top, right-angled and ascending reversal pattern from 02/17/2023 to 03/09/2023

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: E-Commerce

Industry RS rank: 29 out of 60

Stock RS rank: 591 out of 625

3/9/23 close: $29.77

1 Month avg volatility: $1.34. Volatility stop (for downward breakout): $34.99 or 17.5% above the close.

Change YTD: 10.79%

Volume: 649,700 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: Three Falling Peaks reversal pattern from 02/02/2023 to 03/03/2023

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: IT Services

Industry RS rank: 34 out of 60

Stock RS rank: 179 out of 625

3/9/23 close: $104.89

1 Month avg volatility: $1.78. Volatility stop (for downward breakout): $110.45 or 5.3% above the close.

Change YTD: -5.44%

Volume: 210,900 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, Eve and Eve reversal pattern from 02/16/2023 to 03/03/2023

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: Chemical (Basic)

Industry RS rank: 37 out of 60

Stock RS rank: 45 out of 625

3/9/23 close: $76.05

1 Month avg volatility: $3.09. Volatility stop (for downward breakout): $85.86 or 12.9% above the close.

Change YTD: 56.51%

Volume: 595,400 shares. 3 month avg: 327,891 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 02/16/2023 to 03/06/2023

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: Insurance (Prop/Casualty)

Industry RS rank: 14 out of 60

Stock RS rank: 128 out of 625

3/9/23 close: $95.72

1 Month avg volatility: $2.21. Volatility stop (for downward breakout): $102.44 or 7.0% above the close.

Change YTD: 8.02%

Volume: 181,500 shares. 3 month avg: 158,554 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: Triple top reversal pattern from 02/07/2023 to 02/28/2023

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: E-Commerce

Industry RS rank: 29 out of 60

Stock RS rank: 29 out of 625

3/9/23 close: $43.00

1 Month avg volatility: $1.94. Volatility stop (for upward breakout): $38.85 or 9.7% below the close.

Change YTD: 23.88%

Volume: 23,283,200 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: Pipe bottom reversal pattern from 02/21/2023 to 02/27/2023

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: Metals and Mining (Div.)

Industry RS rank: 2 out of 60

Stock RS rank: 9 out of 625

3/9/23 close: $73.33

1 Month avg volatility: $2.10. Volatility stop (for downward breakout): $79.89 or 8.9% above the close.

Change YTD: 21.43%

Volume: 1,307,700 shares. 3 month avg: 1,021,280 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 02/09/2023 to 03/03/2023

Breakout is downward 50% of the time.

Average decline: 15%.

Break-even failure rate: 18%.

Pullbacks occur 48% of the time.

Price hits measure rule target 37% of the time.

Industry: Financial Services

Industry RS rank: 28 out of 60

Stock RS rank: 214 out of 625

3/9/23 close: $220.01

1 Month avg volatility: $3.13. Volatility stop (for upward breakout): $213.39 or 3.0% below the close.

Change YTD: 5.90%

Volume: 5,050,000 shares. 3 month avg: 6,911,166 shares.

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

 

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 02/24/2023 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: Trucking/Transp. Leasing

Industry RS rank: 6 out of 60

Stock RS rank: 131 out of 625

3/9/23 close: $46.55

1 Month avg volatility: $1.06. Volatility stop (for upward breakout): $44.39 or 4.6% below the close.

Change YTD: 15.62%

Volume: 321,000 shares. 3 month avg: 887,242 shares.

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

 

Chart pattern: Broadening bottom reversal pattern from 02/14/2023 to 03/06/2023

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.