As of 04/17/2024   Indus: 37,753 -45.66 -0.1%     Trans: 14,987 -259.68 -1.7%     Utils: 853 +17.82 +2.1%     Nasdaq: 15,683 -181.88 -1.1%     S&P 500: 5,022 -29.20 -0.6%	YTD  +0.2%   -5.7%   -3.2%    +4.5%    +5.3%	Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

As of 04/17/2024   Indus: 37,753 -45.66 -0.1%     Trans: 14,987 -259.68 -1.7%     Utils: 853 +17.82 +2.1%     Nasdaq: 15,683 -181.88 -1.1%     S&P 500: 5,022 -29.20 -0.6%	YTD  +0.2%   -5.7%   -3.2%    +4.5%    +5.3%
Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

Patterns for the Weekend Details

Copyright © 2023 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

Weekly screen for chart patterns found in the last week. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Diversified Co.

Industry RS rank: 24 out of 60

Stock RS rank: 529 out of 623

5/4/23 close: $101.84

1 Month avg volatility: $1.78. Volatility stop (for downward breakout): $106.54 or 4.6% above the close.

Change YTD: -15.08%

Volume: 2,954,800 shares. 3 month avg: 3,021,471 shares.

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

 

Chart pattern: Triple top reversal pattern from 04/18/2023 to 05/01/2023

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 (Prop/Casualty)

Industry RS rank: 46 out of 60

Stock RS rank: 446 out of 623

5/4/23 close: $114.02

1 Month avg volatility: $2.66. Volatility stop (for downward breakout): $120.04 or 5.3% above the close.

Change YTD: -15.91%

Volume: 3,410,400 shares. 3 month avg: 1,838,948 shares.

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

 

Chart pattern: Head-and-shoulders top reversal pattern from 04/12/2023 to 05/01/2023

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: 18 out of 60

Stock RS rank: 575 out of 623

5/4/23 close: $35.48

1 Month avg volatility: $2.11. Volatility stop (for downward breakout): $41.25 or 16.3% above the close.

Change YTD: -29.98%

Volume: 3,039,400 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: Dead-cat bounce continuation pattern from 04/28/2023 to 04/28/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 46 out of 60

Stock RS rank: 535 out of 623

5/4/23 close: $114.65

1 Month avg volatility: $2.24. Volatility stop (for downward breakout): $120.35 or 5.0% above the close.

Change YTD: -16.48%

Volume: 397,300 shares. 3 month avg: 353,085 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 04/04/2023 to 05/01/2023

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: Insurance (Prop/Casualty)

Industry RS rank: 46 out of 60

Stock RS rank: 495 out of 623

5/4/23 close: $49.88

1 Month avg volatility: $1.23. Volatility stop (for downward breakout): $53.45 or 7.2% above the close.

Change YTD: -21.13%

Volume: 5,412,100 shares. 3 month avg: 5,185,998 shares.

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

 

Chart pattern: Double Top, Adam and Adam reversal pattern from 04/19/2023 to 05/01/2023

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: Industrial Services

Industry RS rank: 25 out of 60

Stock RS rank: 242 out of 623

5/4/23 close: $142.92

1 Month avg volatility: $2.50. Volatility stop (for upward breakout): $137.41 or 3.9% below the close.

Change YTD: 2.29%

Volume: 1,462,100 shares. 3 month avg: 991,665 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 04/10/2023 to 04/26/2023

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: Building Materials

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

Industry RS rank: 43 out of 60

Stock RS rank: 481 out of 623

5/4/23 close: $39.34

1 Month avg volatility: $1.02. Volatility stop (for downward breakout): $42.76 or 8.7% above the close.

Change YTD: -11.52%

Volume: 136,400 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 Friday.

 

Chart pattern: Double Top, Adam and Eve reversal pattern from 04/03/2023 to 04/19/2023

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: Industrial Services

Industry RS rank: 25 out of 60

Stock RS rank: 330 out of 623

5/4/23 close: $60.36

1 Month avg volatility: $1.26. Volatility stop (for downward breakout): $63.33 or 4.9% above the close.

Change YTD: 12.38%

Volume: 210,100 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 04/03/2023 to 04/14/2023

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: Drug

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

Industry RS rank: 21 out of 60

Stock RS rank: 500 out of 623

5/4/23 close: $66.82

1 Month avg volatility: $1.10. Volatility stop (for downward breakout): $69.44 or 3.9% above the close.

Change YTD: -7.13%

Volume: 8,583,500 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, Eve and Eve reversal pattern from 04/06/2023 to 04/25/2023

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: Information Services

Industry RS rank: 32 out of 60

Stock RS rank: 229 out of 623

5/4/23 close: $153.06

1 Month avg volatility: $2.84. Volatility stop (for upward breakout): $146.56 or 4.3% below the close.

Change YTD: 14.11%

Volume: 686,600 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: Double Bottom, Adam and Adam reversal pattern from 04/06/2023 to 04/26/2023

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: IT Services

Industry RS rank: 27 out of 60

Stock RS rank: 364 out of 623

5/4/23 close: $303.55

1 Month avg volatility: $5.02. Volatility stop (for upward breakout): $293.48 or 3.3% below the close.

Change YTD: 0.98%

Volume: 182,900 shares. 3 month avg: 131,971 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: Ugly double bottom reversal pattern from 03/17/2023 to 04/26/2023

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: 20 out of 60

Stock RS rank: 87 out of 623

5/4/23 close: $84.80

1 Month avg volatility: $2.07. Volatility stop (for upward breakout): $80.09 or 5.6% below the close.

Change YTD: 3.15%

Volume: 1,207,500 shares. 3 month avg: 762,669 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: Triple bottom reversal pattern from 03/17/2023 to 04/17/2023

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: None

Industry RS rank: 12 out of 60

5/4/23 close: $955.82

1 Month avg volatility: $13.11. Volatility stop (for downward breakout): $986.09 or 3.2% above the close.

Change YTD: -1.20%

Volume: 53,768,000 shares. 3 month avg: 50,821,886 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: Double Top, Eve and Eve reversal pattern from 04/12/2023 to 04/25/2023

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: None

Industry RS rank: 12 out of 60

5/4/23 close: $33,127.74

1 Month avg volatility: $301.51. Volatility stop (for downward breakout): $33,957.89 or 2.5% above the close.

Change YTD: -0.06%

Volume: 0 shares. Could not calculate the 3 month avg volume.

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 04/14/2023 to 05/01/2023

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: Toiletries/Cosmetics

Industry RS rank: 7 out of 60

Stock RS rank: 291 out of 623

5/4/23 close: $201.00

1 Month avg volatility: $5.83. Volatility stop (for downward breakout): $218.56 or 8.7% above the close.

Change YTD: -18.99%

Volume: 4,872,700 shares. 3 month avg: 1,843,415 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: Dead-cat bounce continuation pattern from 05/03/2023 to 05/03/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Healthcare Information

Industry RS rank: 42 out of 60

Stock RS rank: 158 out of 623

5/4/23 close: $33.55

1 Month avg volatility: $1.10. Volatility stop (for downward breakout): $36.11 or 7.6% above the close.

Change YTD: 19.48%

Volume: 3,847,200 shares.

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

 

Chart pattern: Double Top, Adam and Eve reversal pattern from 04/24/2023 to 05/01/2023

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: E-Commerce

Industry RS rank: 14 out of 60

Stock RS rank: 266 out of 623

5/4/23 close: $12.68

1 Month avg volatility: $0.51. Volatility stop (for downward breakout): $14.48 or 14.2% above the close.

Change YTD: 14.44%

Volume: 763,900 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, Eve and Eve reversal pattern from 03/31/2023 to 04/14/2023

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: Precision Instrument

Industry RS rank: 28 out of 60

Stock RS rank: 618 out of 623

5/4/23 close: $13.31

1 Month avg volatility: $0.74. Volatility stop (for downward breakout): $17.75 or 33.4% above the close.

Change YTD: -54.74%

Volume: 1,644,600 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 05/04/2023 to 05/04/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Computer Software and Svcs

Industry RS rank: 18 out of 60

Stock RS rank: 596 out of 623

5/4/23 close: $53.23

1 Month avg volatility: $1.65. Volatility stop (for downward breakout): $56.64 or 6.4% above the close.

Change YTD: -21.55%

Volume: 6,075,200 shares. 3 month avg: 1,473,917 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 Adam reversal pattern from 04/18/2023 to 04/27/2023

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: Machinery

Industry RS rank: 45 out of 60

Stock RS rank: 107 out of 623

5/4/23 close: $34.45

1 Month avg volatility: $0.92. Volatility stop (for upward breakout): $32.36 or 6.1% below the close.

Change YTD: 12.29%

Volume: 686,700 shares. 3 month avg: 1,457,883 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 Bottom, Adam and Adam reversal pattern from 04/10/2023 to 04/26/2023

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: Biotechnology

Industry RS rank: 41 out of 60

Stock RS rank: 357 out of 623

5/4/23 close: $78.52

1 Month avg volatility: $1.44. Volatility stop (for downward breakout): $82.56 or 5.1% above the close.

Change YTD: -8.54%

Volume: 4,556,600 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: Pipe top reversal pattern from 04/17/2023 to 04/24/2023

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: Machinery

Industry RS rank: 45 out of 60

Stock RS rank: 181 out of 623

5/4/23 close: $78.29

1 Month avg volatility: $1.46. Volatility stop (for upward breakout): $75.08 or 4.1% below the close.

Change YTD: 16.40%

Volume: 833,800 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: Double Bottom, Eve and Adam reversal pattern from 04/10/2023 to 04/26/2023

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 4%.

Throwbacks occur 57% of the time.

Price hits measure rule target 66% of the time.

Industry: Apparel

Industry RS rank: 26 out of 60

Stock RS rank: 600 out of 623

5/4/23 close: $4.36

1 Month avg volatility: $0.20. Volatility stop (for downward breakout): $5.26 or 20.6% above the close.

Change YTD: -31.45%

Volume: 15,879,000 shares. 3 month avg: 6,164,918 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: Rectangle bottom continuation pattern from 03/13/2023 to 05/03/2023

WARNING: A dead-cat bounce occurred on 02/02/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 08/03/2023.

Breakout is downward 55% of the time.

Average decline: 14%.

Break-even failure rate: 16%.

Pullbacks occur 69% of the time.

Price hits measure rule target 50% of the time.

Industry: Building Materials

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

Industry RS rank: 43 out of 60

Stock RS rank: 419 out of 623

5/4/23 close: $44.15

1 Month avg volatility: $1.54. Volatility stop (for downward breakout): $48.73 or 10.4% above the close.

Change YTD: -3.37%

Volume: 63,200 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 Wednesday, and best sell day (most up closes) is Friday.

 

Chart pattern: Double Top, Adam and Adam reversal pattern from 04/04/2023 to 04/19/2023

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: Retail Building Supply

Industry RS rank: 13 out of 60

Stock RS rank: 35 out of 623

5/4/23 close: $112.08

1 Month avg volatility: $3.78. Volatility stop (for downward breakout): $130.01 or 16.0% above the close.

Change YTD: 30.93%

Volume: 511,200 shares. 3 month avg: 201,345 shares.

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

 

Chart pattern: Double Top, Adam and Eve reversal pattern from 04/20/2023 to 05/01/2023

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: Insurance (Prop/Casualty)

Industry RS rank: 46 out of 60

Stock RS rank: 302 out of 623

5/4/23 close: $58.08

1 Month avg volatility: $1.00. Volatility stop (for upward breakout): $55.55 or 4.4% below the close.

Change YTD: -0.43%

Volume: 662,500 shares. 3 month avg: 964,671 shares.

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

 

Chart pattern: Triple bottom reversal pattern from 04/05/2023 to 04/26/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 4%.

Throwbacks occur 64% of the time.

Price hits measure rule target 64% of the time.

Industry: Building Materials

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

Industry RS rank: 43 out of 60

Stock RS rank: 137 out of 623

5/4/23 close: $52.73

1 Month avg volatility: $1.26. Volatility stop (for upward breakout): $49.96 or 5.3% below the close.

Change YTD: 12.98%

Volume: 1,613,000 shares. 3 month avg: 2,351,771 shares.

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

 

Chart pattern: Double Bottom, Eve and Adam reversal pattern from 03/24/2023 to 04/06/2023

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 4%.

Throwbacks occur 57% of the time.

Price hits measure rule target 66% of the time.

Industry: Metals and Mining (Div.)

Industry RS rank: 9 out of 60

Stock RS rank: 17 out of 623

5/4/23 close: $106.37

1 Month avg volatility: $3.60. Volatility stop (for downward breakout): $124.25 or 16.8% above the close.

Change YTD: 21.55%

Volume: 143,200 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: Broadening top reversal pattern from 03/31/2023 to 05/04/2023

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: Computers and Peripherals

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

Industry RS rank: 39 out of 60

Stock RS rank: 551 out of 623

5/4/23 close: $39.16

1 Month avg volatility: $1.41. Volatility stop (for downward breakout): $42.38 or 8.2% above the close.

Change YTD: -12.47%

Volume: 916,700 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: Dead-cat bounce continuation pattern from 05/03/2023 to 05/03/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Semiconductor

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

Industry RS rank: 4 out of 60

Stock RS rank: 202 out of 623

5/4/23 close: $60.51

1 Month avg volatility: $1.72. Volatility stop (for upward breakout): $56.47 or 6.7% below the close.

Change YTD: 21.07%

Volume: 13,311,500 shares. 3 month avg: 38,182,855 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: Triangle, ascending reversal pattern from 03/29/2023 to 05/04/2023

Breakout is upward 70% of the time.

Average rise: 35%.

Break-even failure rate: 13%.

Throwbacks occur 57% of the time.

Price hits measure rule target 75% of the time.

Industry: Petroleum (Integrated)

Industry RS rank: 57 out of 60

Stock RS rank: 591 out of 623

5/4/23 close: $33.38

1 Month avg volatility: $1.19. Volatility stop (for downward breakout): $37.25 or 11.6% above the close.

Change YTD: -22.39%

Volume: 2,354,200 shares. 3 month avg: 2,218,335 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 04/03/2023 to 04/11/2023

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: Healthcare Information

Industry RS rank: 42 out of 60

Stock RS rank: 67 out of 623

5/4/23 close: $65.24

1 Month avg volatility: $2.14. Volatility stop (for upward breakout): $60.44 or 7.4% below the close.

Change YTD: 29.39%

Volume: 514,800 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: Double Bottom, Adam and Adam reversal pattern from 04/19/2023 to 04/27/2023

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: Aerospace/Defense

Industry RS rank: 40 out of 60

Stock RS rank: 335 out of 623

5/4/23 close: $95.92

1 Month avg volatility: $1.66. Volatility stop (for downward breakout): $100.59 or 4.9% above the close.

Change YTD: -4.95%

Volume: 4,397,200 shares. 3 month avg: 4,671,166 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: Head-and-shoulders top reversal pattern from 04/04/2023 to 05/01/2023

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: Shoe

Industry RS rank: 2 out of 60

Stock RS rank: 306 out of 623

5/4/23 close: $19.93

1 Month avg volatility: $1.37. Volatility stop (for downward breakout): $23.34 or 17.1% above the close.

Change YTD: -15.62%

Volume: 78,500 shares. 3 month avg: 41,775 shares.

This security may be thinly traded (less than 100k shares)!

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

 

Chart pattern: Dead-cat bounce continuation pattern from 05/03/2023 to 05/03/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Industrial Services

Industry RS rank: 25 out of 60

Stock RS rank: 408 out of 623

5/4/23 close: $64.79

1 Month avg volatility: $1.32. Volatility stop (for downward breakout): $68.90 or 6.4% above the close.

Change YTD: -6.29%

Volume: 1,191,000 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 Adam reversal pattern from 04/12/2023 to 05/01/2023

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: Cement and Aggregates

Industry RS rank: 6 out of 60

Stock RS rank: 186 out of 623

5/4/23 close: $28.83

1 Month avg volatility: $0.80. Volatility stop (for upward breakout): $26.97 or 6.5% below the close.

Change YTD: 1.55%

Volume: 2,069,400 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: Head-and-shoulders bottom reversal pattern from 03/16/2023 to 04/26/2023

Breakout is upward 100% of the time.

Average rise: 38%.

Break-even failure rate: 3%.

Throwbacks occur 45% of the time.

Price hits measure rule target 74% of the time.

Industry: Apparel

Industry RS rank: 26 out of 60

Stock RS rank: 101 out of 623

5/4/23 close: $38.07

1 Month avg volatility: $1.01. Volatility stop (for downward breakout): $40.95 or 7.6% above the close.

Change YTD: -0.03%

Volume: 2,735,100 shares. 3 month avg: 3,145,718 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: Double Top, Eve and Adam reversal pattern from 04/03/2023 to 04/20/2023

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: Natural Gas (Diversified)

Industry RS rank: 56 out of 60

Stock RS rank: 317 out of 623

5/4/23 close: $69.35

1 Month avg volatility: $1.60. Volatility stop (for downward breakout): $75.18 or 8.4% above the close.

Change YTD: -5.65%

Volume: 2,307,200 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: Head-and-shoulders top reversal pattern from 04/03/2023 to 04/24/2023

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: Apparel

Industry RS rank: 26 out of 60

Stock RS rank: 560 out of 623

5/4/23 close: $20.98

1 Month avg volatility: $0.69. Volatility stop (for downward breakout): $23.31 or 11.1% above the close.

Change YTD: -24.01%

Volume: 5,410,900 shares. 3 month avg: 2,795,366 shares.

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

 

Chart pattern: Double Top, Adam and Adam reversal pattern from 04/14/2023 to 04/28/2023

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: Financial Services

Industry RS rank: 29 out of 60

Stock RS rank: 216 out of 623

5/4/23 close: $225.60

1 Month avg volatility: $3.41. Volatility stop (for downward breakout): $232.88 or 3.2% above the close.

Change YTD: 8.59%

Volume: 5,621,900 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: Head-and-shoulders top reversal pattern from 04/14/2023 to 05/01/2023

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.

 

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