As of 04/26/2024   Indus: 38,240 +153.86 +0.4%     Trans: 15,171 -126.01 -0.8%     Utils: 884 -10.33 -1.2%     Nasdaq: 15,928 +316.14 +2.0%     S&P 500: 5,100 +51.54 +1.0%	YTD  +1.5%   -4.6%    +0.3%    +6.1%    +6.9%	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 04/26/2024   Indus: 38,240 +153.86 +0.4%     Trans: 15,171 -126.01 -0.8%     Utils: 884 -10.33 -1.2%     Nasdaq: 15,928 +316.14 +2.0%     S&P 500: 5,100 +51.54 +1.0%	YTD  +1.5%   -4.6%    +0.3%    +6.1%    +6.9%
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: Telecom. Equipment

Industry RS rank: 50 out of 60

Stock RS rank: 624 out of 625

6/22/23 close: $10.13

1 Month avg volatility: $0.38. Volatility stop (for downward breakout): $11.06 or 9.2% above the close.

Change YTD: -46.09%

Volume: 861,600 shares. 3 month avg: 348,746 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: Scallop, descending continuation pattern from 03/31/2023 to 06/16/2023

WARNING: A dead-cat bounce occurred on 04/11/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 07/11/2023 and a 38% chance by 10/10/2023.

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: Semiconductor

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

Industry RS rank: 2 out of 60

Stock RS rank: 19 out of 625

6/22/23 close: $110.70

1 Month avg volatility: $5.27. Volatility stop (for downward breakout): $124.55 or 12.5% above the close.

Change YTD: 70.91%

Volume: 70,358,400 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: Double Top, Adam and Adam reversal pattern from 05/30/2023 to 06/13/2023

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: 9 out of 60

Stock RS rank: 7 out of 625

6/22/23 close: $121.89

1 Month avg volatility: $3.63. Volatility stop (for upward breakout): $112.79 or 7.5% below the close.

Change YTD: 79.28%

Volume: 161,300 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: Three Rising Valleys reversal pattern from 12/22/2022 to 05/31/2023

Breakout is upward 100% of the time.

Average rise: 41%.

Break-even failure rate: 5%.

Throwbacks occur 60% of the time.

Price hits measure rule target 58% of the time.

Industry: Chemical (Diversified)

Industry RS rank: 45 out of 60

Stock RS rank: 247 out of 625

6/22/23 close: $49.22

1 Month avg volatility: $1.17. Volatility stop (for upward breakout): $46.25 or 6.0% below the close.

Change YTD: 4.50%

Volume: 701,000 shares. 3 month avg: 204,463 shares.

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

 

Chart pattern: Triangle, symmetrical continuation pattern from 05/31/2023 to 06/22/2023

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: Food Processing

Industry RS rank: 49 out of 60

Stock RS rank: 601 out of 625

6/22/23 close: $45.03

1 Month avg volatility: $1.20. Volatility stop (for downward breakout): $47.79 or 6.1% above the close.

Change YTD: -17.30%

Volume: 776,000 shares. 3 month avg: 322,132 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 top reversal pattern from 05/05/2023 to 06/16/2023

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: Chemical (Basic)

Industry RS rank: 48 out of 60

Stock RS rank: 280 out of 625

6/22/23 close: $107.13

1 Month avg volatility: $3.17. Volatility stop (for downward breakout): $114.29 or 6.7% above the close.

Change YTD: 4.78%

Volume: 1,120,600 shares. 3 month avg: 691,697 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 06/08/2023 to 06/14/2023

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: Food Processing

Industry RS rank: 49 out of 60

Stock RS rank: 507 out of 625

6/22/23 close: $34.39

1 Month avg volatility: $0.61. Volatility stop (for upward breakout): $33.09 or 3.8% below the close.

Change YTD: -11.14%

Volume: 2,272,800 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: Diamond bottom reversal pattern from 05/25/2023 to 06/16/2023

Breakout is upward 69% of the time.

Average rise: 36%.

Break-even failure rate: 4%.

Throwbacks occur 53% of the time.

Price hits measure rule target 81% of the time.

Industry: Industrial Services

Industry RS rank: 26 out of 60

Stock RS rank: 570 out of 625

6/22/23 close: $9.42

1 Month avg volatility: $0.32. Volatility stop (for upward breakout): $8.74 or 7.2% below the close.

Change YTD: -18.51%

Volume: 964,500 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: Triangle, ascending reversal pattern from 04/14/2023 to 06/22/2023

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: Medical Supplies

Industry RS rank: 27 out of 60

Stock RS rank: 111 out of 625

6/22/23 close: $38.89

1 Month avg volatility: $0.95. Volatility stop (for upward breakout): $36.84 or 5.3% below the close.

Change YTD: 22.14%

Volume: 1,286,400 shares. 3 month avg: 2,503,563 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: Ugly double bottom reversal pattern from 05/31/2023 to 06/15/2023

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: 37 out of 60

Stock RS rank: 258 out of 625

6/22/23 close: $142.61

1 Month avg volatility: $2.89. Volatility stop (for downward breakout): $150.21 or 5.3% above the close.

Change YTD: 5.32%

Volume: 389,000 shares. 3 month avg: 1,038,811 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 04/11/2023 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: Machinery

Industry RS rank: 37 out of 60

Stock RS rank: 152 out of 625

6/22/23 close: $36.05

1 Month avg volatility: $0.88. Volatility stop (for downward breakout): $38.21 or 6.0% above the close.

Change YTD: 17.50%

Volume: 497,900 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: Roof reversal pattern from 06/08/2023 to 06/22/2023

Breakout is downward 84% of the time.

Average decline: 16%.

Break-even failure rate: 13%.

Pullbacks occur 56% of the time.

Price hits measure rule target 68% 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: 52 out of 625

6/22/23 close: $123.15

1 Month avg volatility: $2.88. Volatility stop (for downward breakout): $128.99 or 4.7% above the close.

Change YTD: 39.58%

Volume: 26,822,900 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: Head-and-shoulders top reversal pattern from 05/22/2023 to 06/16/2023

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: Food Processing

Industry RS rank: 49 out of 60

Stock RS rank: 471 out of 625

6/22/23 close: $65.55

1 Month avg volatility: $1.10. Volatility stop (for upward breakout): $63.17 or 3.6% below the close.

Change YTD: -7.99%

Volume: 3,262,200 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: Triangle, symmetrical continuation pattern from 06/05/2023 to 06/22/2023

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: Building Materials

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

Industry RS rank: 19 out of 60

Stock RS rank: 607 out of 625

6/22/23 close: $9.85

1 Month avg volatility: $0.36. Volatility stop (for upward breakout): $9.01 or 8.5% below the close.

Change YTD: -25.94%

Volume: 930,500 shares. 3 month avg: 278,209 shares.

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

 

Chart pattern: Ugly double bottom reversal pattern from 05/04/2023 to 05/17/2023

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: Semiconductor

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

Industry RS rank: 2 out of 60

Stock RS rank: 459 out of 625

6/22/23 close: $60.58

1 Month avg volatility: $1.71. Volatility stop (for upward breakout): $56.44 or 6.8% below the close.

Change YTD: -3.81%

Volume: 483,000 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: Triangle, symmetrical continuation pattern from 05/24/2023 to 06/20/2023

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: Chemical (Specialty)

Industry RS rank: 14 out of 60

Stock RS rank: 99 out of 625

6/22/23 close: $14.09

1 Month avg volatility: $0.35. Volatility stop (for upward breakout): $13.31 or 5.6% below the close.

Change YTD: 5.07%

Volume: 59,600 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: Ugly double bottom reversal pattern from 05/11/2023 to 06/12/2023

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: Computer Software and Svcs

Industry RS rank: 7 out of 60

Stock RS rank: 448 out of 625

6/22/23 close: $32.75

1 Month avg volatility: $1.73. Volatility stop (for downward breakout): $36.47 or 11.4% above the close.

Change YTD: -7.49%

Volume: 717,100 shares. 3 month avg: 1,339,514 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: Double Top, Adam and Eve reversal pattern from 06/01/2023 to 06/16/2023

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

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: 26 out of 60

Stock RS rank: 195 out of 625

6/22/23 close: $41.60

1 Month avg volatility: $0.59. Volatility stop (for upward breakout): $39.88 or 4.1% below the close.

Change YTD: 13.85%

Volume: 816,300 shares.

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

 

Chart pattern: Pipe bottom reversal pattern from 05/22/2023 to 05/30/2023

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: Trucking/Transp. Leasing

Industry RS rank: 17 out of 60

Stock RS rank: 372 out of 625

6/22/23 close: $82.22

1 Month avg volatility: $1.66. Volatility stop (for upward breakout): $78.09 or 5.0% below the close.

Change YTD: -1.62%

Volume: 365,100 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: Triangle, symmetrical continuation pattern from 04/27/2023 to 06/22/2023

Breakout is upward 54% of the time.

Average rise: 31%.

Break-even failure rate: 9%.

Throwbacks occur 37% of the time.

Price hits measure rule target 66% of the time.

Industry: Medical Supplies

Industry RS rank: 27 out of 60

Stock RS rank: 464 out of 625

6/22/23 close: $31.12

1 Month avg volatility: $1.22. Volatility stop (for upward breakout): $27.19 or 12.6% below the close.

Change YTD: -8.79%

Volume: 92,600 shares. 3 month avg: 37,286 shares.

This security may be thinly traded (less than 100k 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: Flag, high and tight continuation pattern from 05/25/2023 to 06/22/2023

WARNING: A dead-cat bounce occurred on 01/19/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 07/20/2023.

Breakout is upward 100% of the time.

Average rise: 69%.

Throwbacks occur 54% of the time.

Price hits measure rule target 90% of the time.

Industry: Computers and Peripherals

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

Industry RS rank: 16 out of 60

Stock RS rank: 420 out of 625

6/22/23 close: $4.29

1 Month avg volatility: $0.17. Volatility stop (for upward breakout): $3.83 or 10.7% below the close.

Change YTD: -16.05%

Volume: 535,800 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: Triangle, symmetrical continuation pattern from 05/23/2023 to 06/22/2023

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: Financial Services

Industry RS rank: 21 out of 60

Stock RS rank: 392 out of 625

6/22/23 close: $32.88

1 Month avg volatility: $0.38. Volatility stop (for upward breakout): $32.01 or 2.6% below the close.

Change YTD: -3.86%

Volume: 38,626,600 shares. 3 month avg: 57,523,552 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: Broadening bottom reversal pattern from 05/31/2022 to 02/08/2023

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.

 

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