As of 05/10/2024   Indus: 39,513 +125.08 +0.3%     Trans: 15,597 +84.96 +0.5%     Utils: 942 -0.84 -0.1%     Nasdaq: 16,341 -5.39 0.0%     S&P 500: 5,223 +8.60 +0.2%	YTD  +4.8%   -1.9%    +6.9%    +8.9%    +9.5%	Targets    Overview: 04/29/2024     39,950 or 38,500 by 06/01/2024   15,820 or 14,600 by 05/15/2024   960 or 900 by 06/01/2024   16,700 or 15,200 by 05/15/2024   5,250 or 4,850 by 05/15/2024
Chart Pattern Indicator: on 5/1/24

As of 05/10/2024   Indus: 39,513 +125.08 +0.3%     Trans: 15,597 +84.96 +0.5%     Utils: 942 -0.84 -0.1%     Nasdaq: 16,341 -5.39 0.0%     S&P 500: 5,223 +8.60 +0.2%	YTD  +4.8%   -1.9%    +6.9%    +8.9%    +9.5%
Targets    Overview: 04/29/2024     39,950 or 38,500 by 06/01/2024   15,820 or 14,600 by 05/15/2024   960 or 900 by 06/01/2024   16,700 or 15,200 by 05/15/2024   5,250 or 4,850 by 05/15/2024
Chart Pattern Indicator: on 5/1/24

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: Insurance (Diversified)

Industry RS rank: 29 out of 60

Stock RS rank: 304 out of 627

8/3/23 close: $317.32

1 Month avg volatility: $5.98. Volatility stop (for downward breakout): $334.04 or 5.3% above the close.

Change YTD: 5.72%

Volume: 1,464,900 shares. 3 month avg: 1,880,728 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 06/30/2023 to 07/25/2023

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: Packaging and Container

Industry RS rank: 32 out of 60

Stock RS rank: 359 out of 627

8/3/23 close: $185.16

1 Month avg volatility: $3.97. Volatility stop (for upward breakout): $175.61 or 5.2% below the close.

Change YTD: 2.30%

Volume: 679,100 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: Three Rising Valleys reversal pattern from 06/01/2023 to 07/25/2023

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 (Specialty)

Industry RS rank: 18 out of 60

Stock RS rank: 319 out of 627

8/3/23 close: $133.95

1 Month avg volatility: $2.41. Volatility stop (for upward breakout): $128.73 or 3.9% below the close.

Change YTD: 9.70%

Volume: 72,200 shares. 3 month avg: 82,003 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: Triple bottom reversal pattern from 07/06/2023 to 07/27/2023

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: Medical Supplies

Industry RS rank: 34 out of 60

Stock RS rank: 394 out of 627

8/3/23 close: $43.94

1 Month avg volatility: $1.12. Volatility stop (for downward breakout): $46.23 or 5.2% above the close.

Change YTD: -13.79%

Volume: 3,346,300 shares. 3 month avg: 2,457,589 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 top reversal pattern from 07/17/2023 to 07/24/2023

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: Internet

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

Industry RS rank: 10 out of 60

Stock RS rank: 120 out of 627

8/3/23 close: $2,839.91

1 Month avg volatility: $52.42. Volatility stop (for downward breakout): $2,954.84 or 4.1% above the close.

Change YTD: 40.92%

Volume: 577,400 shares. 3 month avg: 441,478 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, Eve and Adam reversal pattern from 07/19/2023 to 07/28/2023

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: Chemical (Diversified)

Industry RS rank: 58 out of 60

Stock RS rank: 424 out of 627

8/3/23 close: $51.47

1 Month avg volatility: $0.96. Volatility stop (for upward breakout): $48.72 or 5.3% below the close.

Change YTD: 9.28%

Volume: 622,200 shares. 3 month avg: 204,463 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: Triple bottom reversal pattern from 05/31/2023 to 07/07/2023

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: Information Services

Industry RS rank: 30 out of 60

Stock RS rank: 403 out of 627

8/3/23 close: $71.54

1 Month avg volatility: $2.19. Volatility stop (for downward breakout): $77.36 or 8.1% above the close.

Change YTD: 11.52%

Volume: 3,548,900 shares.

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

 

Chart pattern: Double Top, Adam and Adam reversal pattern from 07/19/2023 to 07/31/2023

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: Medical Supplies

Industry RS rank: 34 out of 60

Stock RS rank: 210 out of 627

8/3/23 close: $39.28

1 Month avg volatility: $0.75. Volatility stop (for downward breakout): $42.42 or 8.0% above the close.

Change YTD: 23.37%

Volume: 2,632,900 shares. 3 month avg: 2,503,563 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, Adam and Eve reversal pattern from 07/14/2023 to 07/27/2023

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: Trucking/Transp. Leasing

Industry RS rank: 8 out of 60

Stock RS rank: 272 out of 627

8/3/23 close: $112.16

1 Month avg volatility: $3.15. Volatility stop (for downward breakout): $119.00 or 6.1% above the close.

Change YTD: 6.93%

Volume: 263,000 shares. 3 month avg: 140,032 shares.

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

 

Chart pattern: Dead-cat bounce continuation pattern from 08/03/2023 to 08/03/2023

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: 21 out of 60

Stock RS rank: 8 out of 627

8/3/23 close: $17.94

1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $15.81 or 11.9% below the close.

Change YTD: 83.25%

Volume: 32,500 shares. 3 month avg: 24,458 shares.

This security may be thinly traded (less than 100k 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: Flag, high and tight continuation pattern from 06/06/2023 to 08/03/2023

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: Biotechnology

Industry RS rank: 44 out of 60

Stock RS rank: 474 out of 627

8/3/23 close: $75.53

1 Month avg volatility: $1.31. Volatility stop (for downward breakout): $78.45 or 3.9% above the close.

Change YTD: -12.02%

Volume: 5,358,200 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 07/17/2023 to 07/24/2023

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: Computer Software and Svcs

Industry RS rank: 7 out of 60

Stock RS rank: 204 out of 627

8/3/23 close: $121.65

1 Month avg volatility: $2.79. Volatility stop (for upward breakout): $112.87 or 7.2% below the close.

Change YTD: 22.48%

Volume: 2,340,400 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: Ugly double bottom reversal pattern from 06/28/2023 to 07/27/2023

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: Telecom. Equipment

Industry RS rank: 60 out of 60

Stock RS rank: 572 out of 627

8/3/23 close: $10.85

1 Month avg volatility: $0.46. Volatility stop (for downward breakout): $12.23 or 12.7% above the close.

Change YTD: -17.18%

Volume: 3,980,700 shares. 3 month avg: 585,235 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 08/01/2023 to 08/01/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Medical Supplies

Industry RS rank: 34 out of 60

Stock RS rank: 440 out of 627

8/3/23 close: $76.18

1 Month avg volatility: $1.45. Volatility stop (for downward breakout): $79.35 or 4.2% above the close.

Change YTD: 1.83%

Volume: 1,730,600 shares. 3 month avg: 3,130,522 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 Eve reversal pattern from 06/20/2023 to 07/24/2023

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: Aerospace/Defense

Industry RS rank: 25 out of 60

Stock RS rank: 101 out of 627

8/3/23 close: $48.18

1 Month avg volatility: $0.83. Volatility stop (for downward breakout): $50.17 or 4.1% above the close.

Change YTD: 22.25%

Volume: 2,595,700 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 07/12/2023 to 07/31/2023

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: Medical Services

Industry RS rank: 45 out of 60

Stock RS rank: 395 out of 627

8/3/23 close: $487.15

1 Month avg volatility: $8.45. Volatility stop (for upward breakout): $463.87 or 4.8% below the close.

Change YTD: -4.89%

Volume: 1,854,900 shares. 3 month avg: 1,089,406 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 07/13/2023 to 07/28/2023

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: Human Resources

Industry RS rank: 54 out of 60

Stock RS rank: 199 out of 627

8/3/23 close: $60.54

1 Month avg volatility: $2.04. Volatility stop (for downward breakout): $64.77 or 7.0% above the close.

Change YTD: 10.41%

Volume: 227,200 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: Pipe top reversal pattern from 07/17/2023 to 07/24/2023

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: Household Products

Industry RS rank: 19 out of 60

Stock RS rank: 313 out of 627

8/3/23 close: $128.66

1 Month avg volatility: $1.96. Volatility stop (for downward breakout): $134.21 or 4.3% above the close.

Change YTD: -5.22%

Volume: 1,215,200 shares. 3 month avg: 1,579,689 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 06/05/2023 to 07/24/2023

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: Precision Instrument

Industry RS rank: 41 out of 60

Stock RS rank: 227 out of 627

8/3/23 close: $174.78

1 Month avg volatility: $3.66. Volatility stop (for downward breakout): $182.69 or 4.5% above the close.

Change YTD: 28.64%

Volume: 86,000 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 Thursday.

 

Chart pattern: Double Top, Adam and Eve reversal pattern from 06/30/2023 to 07/17/2023

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: Human Resources

Industry RS rank: 54 out of 60

Stock RS rank: 519 out of 627

8/3/23 close: $79.89

1 Month avg volatility: $2.09. Volatility stop (for downward breakout): $84.52 or 5.8% above the close.

Change YTD: -1.95%

Volume: 285,100 shares. 3 month avg: 295,840 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 top reversal pattern from 07/17/2023 to 07/24/2023

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: Petroleum (Producing)

Industry RS rank: 24 out of 60

Stock RS rank: 250 out of 627

8/3/23 close: $229.98

1 Month avg volatility: $4.69. Volatility stop (for upward breakout): $218.43 or 5.0% below the close.

Change YTD: 0.70%

Volume: 2,520,500 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: Rounding bottom continuation pattern from 04/17/2023 to 08/02/2023

Breakout is upward 100% of the time.

Average rise: 43%.

Break-even failure rate: 5%.

Throwbacks occur 40% of the time.

Price hits measure rule target 57% of the time.

Industry: Semiconductor Cap Equip.

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

Industry RS rank: 6 out of 60

Stock RS rank: 68 out of 627

8/3/23 close: $53.62

1 Month avg volatility: $2.30. Volatility stop (for downward breakout): $58.42 or 9.0% above the close.

Change YTD: 49.69%

Volume: 1,616,400 shares. 3 month avg: 669,732 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 08/01/2023 to 08/01/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Chemical (Basic)

Industry RS rank: 47 out of 60

Stock RS rank: 599 out of 627

8/3/23 close: $56.40

1 Month avg volatility: $2.58. Volatility stop (for downward breakout): $64.59 or 14.5% above the close.

Change YTD: 16.07%

Volume: 1,038,300 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 Eve reversal pattern from 07/12/2023 to 08/01/2023

WARNING: A dead-cat bounce occurred on 08/02/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/01/2023 and a 38% chance by 01/31/2024.

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: Cement and Aggregates

Industry RS rank: 3 out of 60

Stock RS rank: 148 out of 627

8/3/23 close: $37.29

1 Month avg volatility: $0.76. Volatility stop (for upward breakout): $34.93 or 6.3% below the close.

Change YTD: 31.35%

Volume: 1,028,500 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: Triangle, symmetrical continuation pattern from 06/30/2023 to 08/02/2023

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: Electric Utility (West)

Industry RS rank: 50 out of 60

Stock RS rank: 499 out of 627

8/3/23 close: $61.32

1 Month avg volatility: $1.06. Volatility stop (for upward breakout): $59.05 or 3.7% below the close.

Change YTD: -12.54%

Volume: 4,025,700 shares. 3 month avg: 3,202,808 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 bottom reversal pattern from 07/05/2023 to 07/26/2023

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: Computers and Peripherals

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

Industry RS rank: 36 out of 60

Stock RS rank: 582 out of 627

8/3/23 close: $249.55

1 Month avg volatility: $9.14. Volatility stop (for downward breakout): $270.57 or 8.4% above the close.

Change YTD: -2.68%

Volume: 1,170,000 shares. 3 month avg: 395,197 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 08/01/2023 to 08/01/2023

Breakout is downward 67% of the time.

Average decline: 18%.

 

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