As of 04/24/2024
Indus: 38,461 -42.77 -0.1%
Trans: 15,078 -358.61 -2.3%
Utils: 893 +6.79 +0.8%
Nasdaq: 15,713 +16.11 +0.1%
S&P 500: 5,072 +1.08 +0.0%
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YTD
+2.0%
-5.2%
+1.3%
+4.7%
+6.3%
|
 39,800 or 37,150 by 05/01/202416,200 or 15,000 by 05/01/2024885 or 850 by 05/01/202416,700 or 15,800 by 05/01/20245,250 or 5,025 by 05/01/2024 |
As of 04/24/2024
Indus: 38,461 -42.77 -0.1%
Trans: 15,078 -358.61 -2.3%
Utils: 893 +6.79 +0.8%
Nasdaq: 15,713 +16.11 +0.1%
S&P 500: 5,072 +1.08 +0.0%
|
YTD
+2.0%
-5.2%
+1.3%
+4.7%
+6.3%
| |
|
39,800 or 37,150 by 05/01/202416,200 or 15,000 by 05/01/2024885 or 850 by 05/01/202416,700 or 15,800 by 05/01/20245,250 or 5,025 by 05/01/2024 | ||
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: SemiconductorWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 17 out of 60Stock RS rank: 17 out of 6235/11/23 close: $97.101 Month avg volatility: $3.42. Volatility stop (for upward breakout): $89.31 or 8.0% below the close.Change YTD: 49.92%Volume: 56,571,300 shares. 3 month avg: 61,894,658 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 04/24/2023 to 05/01/2023Breakout 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: Air TransportIndustry RS rank: 13 out of 60Stock RS rank: 616 out of 6235/11/23 close: $15.651 Month avg volatility: $0.82. Volatility stop (for downward breakout): $17.50 or 11.8% above the close.Change YTD: -39.76%Volume: 781,800 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 05/05/2023 to 05/05/2023Breakout is downward 67% of the time.Average decline: 18%.
Industry: Chemical (Diversified)Industry RS rank: 52 out of 60Stock RS rank: 600 out of 6235/11/23 close: $198.521 Month avg volatility: $7.08. Volatility stop (for upward breakout): $183.14 or 7.8% below the close.Change YTD: -8.46%Volume: 2,361,200 shares. 3 month avg: 1,363,352 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 Eve reversal pattern from 04/21/2023 to 05/02/2023Breakout is upward 100% of the time.Average rise: 37%.Break-even failure rate: 5%.Throwbacks occur 59% of the time.Price hits measure rule target 66% of the time.
Industry: MachineryIndustry RS rank: 46 out of 60Stock RS rank: 119 out of 6235/11/23 close: $34.281 Month avg volatility: $0.77. Volatility stop (for upward breakout): $32.39 or 5.5% below the close.Change YTD: 5.57%Volume: 45,600 shares. 3 month avg: 120,960 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: Triangle, symmetrical continuation pattern from 03/24/2023 to 05/11/2023Breakout is upward 54% of the time.Average rise: 31%.Break-even failure rate: 9%.Throwbacks occur 37% of the time.Price hits measure rule target 66% of the time.
Industry: Food ProcessingIndustry RS rank: 37 out of 60Stock RS rank: 327 out of 6235/11/23 close: $36.501 Month avg volatility: $0.53. Volatility stop (for downward breakout): $37.83 or 3.6% above the close.Change YTD: -5.68%Volume: 5,770,400 shares. 3 month avg: 3,423,360 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: Triple top reversal pattern from 04/05/2023 to 05/03/2023Breakout is downward 100% of the time.Average decline: 19%.Break-even failure rate: 10%.Pullbacks occur 61% of the time.Price hits measure rule target 40% of the time.
Industry: SemiconductorWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 17 out of 60Stock RS rank: 25 out of 6235/11/23 close: $28.691 Month avg volatility: $0.86. Volatility stop (for upward breakout): $26.47 or 7.7% below the close.Change YTD: 29.06%Volume: 274,200 shares. 3 month avg: 748,688 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 04/24/2023 to 05/01/2023Breakout 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: Cement and AggregatesIndustry RS rank: 7 out of 60Stock RS rank: 74 out of 6235/11/23 close: $59.881 Month avg volatility: $1.21. Volatility stop (for upward breakout): $56.15 or 6.2% below the close.Change YTD: 20.24%Volume: 185,600 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 bottom reversal pattern from 04/03/2023 to 04/10/2023Breakout 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: MachineryIndustry RS rank: 46 out of 60Stock RS rank: 185 out of 6235/11/23 close: $77.451 Month avg volatility: $1.46. Volatility stop (for upward breakout): $73.67 or 4.9% below the close.Change YTD: 15.15%Volume: 591,800 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: Flag continuation pattern from 05/02/2023 to 05/11/2023Breakout is upward 54% of the time.Average rise: 23%.Break-even failure rate: 4%.Throwbacks occur 43% of the time.Price hits measure rule target 64% of the time.
Industry: Diversified Co.Industry RS rank: 28 out of 60Stock RS rank: 28 out of 6235/11/23 close: $9.231 Month avg volatility: $0.33. Volatility stop (for upward breakout): $8.46 or 8.3% below the close.Change YTD: 46.74%Volume: 379,500 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: Triangle, ascending reversal pattern from 04/04/2023 to 04/25/2023Breakout 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: Furn/Home FurnishingsIndustry RS rank: 49 out of 60Stock RS rank: 386 out of 6235/11/23 close: $27.491 Month avg volatility: $0.79. Volatility stop (for upward breakout): $25.34 or 7.8% below the close.Change YTD: -3.31%Volume: 195,000 shares. 3 month avg: 239,735 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: Pipe bottom reversal pattern from 04/24/2023 to 05/01/2023Breakout 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: Medical ServicesIndustry RS rank: 51 out of 60Stock RS rank: 420 out of 6235/11/23 close: $528.991 Month avg volatility: $10.41. Volatility stop (for upward breakout): $504.50 or 4.6% below the close.Change YTD: 3.28%Volume: 556,900 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: Pipe bottom reversal pattern from 04/17/2023 to 04/24/2023Breakout 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: Medical ServicesIndustry RS rank: 51 out of 60Stock RS rank: 601 out of 6235/11/23 close: $1.481 Month avg volatility: $0.13. Volatility stop (for upward breakout): $1.15 or 22.3% below the close.Change YTD: -20.43%Volume: 5,424,900 shares. 3 month avg: 321,822 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: Pipe bottom reversal pattern from 03/20/2023 to 03/27/2023WARNING: A dead-cat bounce occurred on 03/01/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/31/2023 and a 38% chance by 08/30/2023.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: Retail Building SupplyIndustry RS rank: 6 out of 60Stock RS rank: 253 out of 6235/11/23 close: $203.301 Month avg volatility: $3.92. Volatility stop (for upward breakout): $193.99 or 4.6% below the close.Change YTD: 2.04%Volume: 3,013,600 shares. 3 month avg: 6,401,252 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: Triangle, symmetrical continuation pattern from 04/21/2023 to 05/11/2023Breakout is upward 54% of the time.Average rise: 31%.Break-even failure rate: 9%.Throwbacks occur 37% of the time.Price hits measure rule target 66% of the time.
Industry: Metals and Mining (Div.)Industry RS rank: 20 out of 60Stock RS rank: 54 out of 6235/11/23 close: $102.441 Month avg volatility: $3.69. Volatility stop (for downward breakout): $110.54 or 7.9% above the close.Change YTD: 17.06%Volume: 63,500 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 Tuesday.Chart pattern: Horn top reversal pattern from 04/17/2023 to 05/01/2023Breakout 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: NoneIndustry RS rank: 5 out of 605/11/23 close: $12,328.511 Month avg volatility: $143.62. Volatility stop (for downward breakout): $12,634.62 or 2.5% above the close.Change YTD: 17.79%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 Thursday.Chart pattern: Roof, inverted reversal pattern from 04/03/2023 to 05/05/2023Breakout is downward 50% of the time.Average decline: 17%.Break-even failure rate: 10%.Pullbacks occur 56% of the time.Price hits measure rule target 73% of the time.
Industry: E-CommerceIndustry RS rank: 4 out of 60Stock RS rank: 58 out of 6235/11/23 close: $73.781 Month avg volatility: $1.68. Volatility stop (for upward breakout): $70.21 or 4.8% below the close.Change YTD: 30.70%Volume: 336,600 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: Pipe bottom reversal pattern from 04/24/2023 to 05/01/2023Breakout 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: ApparelIndustry RS rank: 14 out of 60Stock RS rank: 184 out of 6235/11/23 close: $107.271 Month avg volatility: $2.83. Volatility stop (for upward breakout): $100.12 or 6.7% below the close.Change YTD: 15.12%Volume: 112,300 shares. 3 month avg: 112,505 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 Bottom, Adam and Adam reversal pattern from 04/27/2023 to 05/04/2023Breakout 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 (Specialty)Industry RS rank: 12 out of 60Stock RS rank: 391 out of 6235/11/23 close: $12.421 Month avg volatility: $0.29. Volatility stop (for downward breakout): $13.07 or 5.2% above the close.Change YTD: -7.38%Volume: 99,200 shares. 3 month avg: 77,045 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 Monday.Chart pattern: Three Falling Peaks reversal pattern from 04/03/2023 to 05/03/2023Breakout 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: Diversified Co.Industry RS rank: 28 out of 60Stock RS rank: 273 out of 6235/11/23 close: $270.491 Month avg volatility: $5.64. Volatility stop (for downward breakout): $281.97 or 4.3% above the close.Change YTD: 5.02%Volume: 917,500 shares. 3 month avg: 619,245 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 04/28/2023 to 05/08/2023Breakout 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 ServicesIndustry RS rank: 29 out of 60Stock RS rank: 342 out of 6235/11/23 close: $42.401 Month avg volatility: $0.66. Volatility stop (for upward breakout): $40.66 or 4.1% below the close.Change YTD: 16.04%Volume: 1,271,200 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 04/28/2023 to 05/09/2023Breakout 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: Aerospace/DefenseIndustry RS rank: 42 out of 60Stock RS rank: 343 out of 6235/11/23 close: $413.641 Month avg volatility: $6.55. Volatility stop (for upward breakout): $397.03 or 4.0% below the close.Change YTD: 3.43%Volume: 240,900 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 04/26/2023 to 05/11/2023Breakout 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: IT ServicesIndustry RS rank: 23 out of 60Stock RS rank: 98 out of 6235/11/23 close: $151.151 Month avg volatility: $1.94. Volatility stop (for downward breakout): $155.46 or 2.9% above the close.Change YTD: 21.46%Volume: 4,477,600 shares. 3 month avg: 9,531,718 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: Roof, inverted reversal pattern from 03/31/2023 to 05/08/2023Breakout is downward 50% of the time.Average decline: 17%.Break-even failure rate: 10%.Pullbacks occur 56% of the time.Price hits measure rule target 73% of the time.
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