As of 12/26/2024   Indus: 43,326 +28.77 +0.1%     Trans: 16,104 +40.79 +0.3%     Utils: 992 -1.47 -0.1%     Nasdaq: 20,020 -10.77 -0.1%     S&P 500: 6,038 -2.45 0.0%	YTD  +15.0%    +1.3%    +12.5%    +33.4%    +26.6%	Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/24/24

As of 12/26/2024   Indus: 43,326 +28.77 +0.1%     Trans: 16,104 +40.79 +0.3%     Utils: 992 -1.47 -0.1%     Nasdaq: 20,020 -10.77 -0.1%     S&P 500: 6,038 -2.45 0.0%	YTD  +15.0%    +1.3%    +12.5%    +33.4%    +26.6%
Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/24/24

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: IT Services

Industry RS rank: 14 out of 60

Stock RS rank: 153 out of 627

8/17/23 close: $305.64

1 Month avg volatility: $5.16. Volatility stop (for downward breakout): $319.52 or 4.5% above the close.

Change YTD: 14.54%

Volume: 1,645,400 shares. 3 month avg: 1,995,040 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 07/19/2023 to 07/27/2023

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: Drug

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

Industry RS rank: 10 out of 60

Stock RS rank: 151 out of 627

8/17/23 close: $28.72

1 Month avg volatility: $0.73. Volatility stop (for upward breakout): $27.02 or 5.9% below the close.

Change YTD: 9.91%

Volume: 1,607,700 shares. 3 month avg: 949,792 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 Bottom, Eve and Eve reversal pattern from 08/03/2023 to 08/10/2023

Breakout is upward 100% of the time.

Average rise: 40%.

Break-even failure rate: 4%.

Throwbacks occur 55% of the time.

Price hits measure rule target 67% of the time.

Industry: Food Processing

Industry RS rank: 40 out of 60

Stock RS rank: 242 out of 627

8/17/23 close: $82.54

1 Month avg volatility: $1.45. Volatility stop (for downward breakout): $86.06 or 4.3% above the close.

Change YTD: -11.10%

Volume: 1,547,100 shares. 3 month avg: 3,092,757 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 07/26/2023 to 08/07/2023

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: Building Materials

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

Industry RS rank: 23 out of 60

Stock RS rank: 415 out of 627

8/17/23 close: $74.13

1 Month avg volatility: $1.60. Volatility stop (for downward breakout): $80.66 or 8.8% above the close.

Change YTD: 8.08%

Volume: 236,400 shares. 3 month avg: 508,948 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 Adam reversal pattern from 07/26/2023 to 08/07/2023

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: Aerospace/Defense

Industry RS rank: 33 out of 60

Stock RS rank: 202 out of 627

8/17/23 close: $224.54

1 Month avg volatility: $5.02. Volatility stop (for downward breakout): $241.68 or 7.6% above the close.

Change YTD: 17.87%

Volume: 4,346,400 shares. 3 month avg: 3,332,308 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, Adam and Eve reversal pattern from 08/01/2023 to 08/10/2023

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: Medical Services

Industry RS rank: 38 out of 60

Stock RS rank: 419 out of 627

8/17/23 close: $270.53

1 Month avg volatility: $5.34. Volatility stop (for downward breakout): $288.53 or 6.7% above the close.

Change YTD: -18.35%

Volume: 4,554,400 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: Diamond top reversal pattern from 07/19/2023 to 08/16/2023

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: Retail Store

Industry RS rank: 41 out of 60

Stock RS rank: 149 out of 627

8/17/23 close: $547.11

1 Month avg volatility: $7.02. Volatility stop (for downward breakout): $574.47 or 5.0% above the close.

Change YTD: 19.85%

Volume: 1,936,900 shares. 3 month avg: 3,225,345 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 Eve reversal pattern from 07/27/2023 to 08/10/2023

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: Packaging and Container

Industry RS rank: 31 out of 60

Stock RS rank: 278 out of 627

8/17/23 close: $87.94

1 Month avg volatility: $2.04. Volatility stop (for downward breakout): $93.30 or 6.1% above the close.

Change YTD: 6.97%

Volume: 598,700 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: Pipe top reversal pattern from 07/24/2023 to 07/31/2023

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: Oilfield Svcs/Equipment

Industry RS rank: 58 out of 60

Stock RS rank: 484 out of 627

8/17/23 close: $27.91

1 Month avg volatility: $0.75. Volatility stop (for upward breakout): $26.01 or 6.8% below the close.

Change YTD: 2.72%

Volume: 219,300 shares. 3 month avg: 557,835 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 08/01/2023 to 08/17/2023

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: Natural Gas (Distributor)

Industry RS rank: 49 out of 60

Stock RS rank: 243 out of 627

8/17/23 close: $129.73

1 Month avg volatility: $2.75. Volatility stop (for downward breakout): $136.91 or 5.5% above the close.

Change YTD: 0.16%

Volume: 1,836,500 shares. 3 month avg: 2,618,102 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: Diamond top reversal pattern from 07/27/2023 to 08/17/2023

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: E-Commerce

Industry RS rank: 7 out of 60

Stock RS rank: 35 out of 627

8/17/23 close: $20.07

1 Month avg volatility: $1.23. Volatility stop (for downward breakout): $24.20 or 20.6% above the close.

Change YTD: 81.14%

Volume: 1,567,100 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 07/13/2023 to 08/01/2023

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: Financial Services

Industry RS rank: 35 out of 60

Stock RS rank: 336 out of 627

8/17/23 close: $8.63

1 Month avg volatility: $0.21. Volatility stop (for downward breakout): $9.11 or 5.5% above the close.

Change YTD: 5.89%

Volume: 331,400 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 07/24/2023 to 08/03/2023

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: Air Transport

Industry RS rank: 17 out of 60

Stock RS rank: 40 out of 627

8/17/23 close: $264.91

1 Month avg volatility: $4.34. Volatility stop (for upward breakout): $254.82 or 3.8% below the close.

Change YTD: 52.95%

Volume: 2,194,400 shares. 3 month avg: 1,372,055 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: Triangle, symmetrical continuation pattern from 07/31/2023 to 08/17/2023

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: Semiconductor

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

Industry RS rank: 4 out of 60

Stock RS rank: 381 out of 627

8/17/23 close: $30.10

1 Month avg volatility: $1.11. Volatility stop (for downward breakout): $32.87 or 9.2% above the close.

Change YTD: 35.40%

Volume: 282,500 shares. 3 month avg: 748,688 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, Eve and Adam reversal pattern from 07/13/2023 to 07/31/2023

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: Electric Utility (West)

Industry RS rank: 52 out of 60

Stock RS rank: 627 out of 627

8/17/23 close: $12.03

1 Month avg volatility: $1.52. Volatility stop (for downward breakout): $15.48 or 28.7% above the close.

Change YTD: -71.25%

Volume: 44,886,800 shares. 3 month avg: 463,472 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 08/14/2023 to 08/14/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Biotechnology

Industry RS rank: 28 out of 60

Stock RS rank: 558 out of 627

8/17/23 close: $169.71

1 Month avg volatility: $5.82. Volatility stop (for downward breakout): $184.33 or 8.6% above the close.

Change YTD: -16.07%

Volume: 988,000 shares. 3 month avg: 726,254 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 07/13/2023 to 08/10/2023

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: IT Services

Industry RS rank: 14 out of 60

Stock RS rank: 392 out of 627

8/17/23 close: $154.84

1 Month avg volatility: $3.34. Volatility stop (for downward breakout): $167.92 or 8.5% above the close.

Change YTD: -11.80%

Volume: 1,190,400 shares. 3 month avg: 543,437 shares.

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

 

Chart pattern: Double Top, Eve and Adam reversal pattern from 07/25/2023 to 08/10/2023

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: Computer Software and Svcs

Industry RS rank: 8 out of 60

Stock RS rank: 69 out of 627

8/17/23 close: $30.24

1 Month avg volatility: $0.88. Volatility stop (for upward breakout): $28.25 or 6.6% below the close.

Change YTD: 29.01%

Volume: 284,100 shares. 3 month avg: 906,945 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 bottom reversal pattern from 07/07/2023 to 08/09/2023

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: Retail Store

Industry RS rank: 41 out of 60

Stock RS rank: 599 out of 627

8/17/23 close: $15.04

1 Month avg volatility: $0.44. Volatility stop (for downward breakout): $16.26 or 8.1% above the close.

Change YTD: -27.17%

Volume: 10,639,700 shares. 3 month avg: 14,056,392 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: Double Top, Adam and Adam reversal pattern from 07/12/2023 to 07/27/2023

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: Cement and Aggregates

Industry RS rank: 6 out of 60

Stock RS rank: 88 out of 627

8/17/23 close: $432.08

1 Month avg volatility: $9.75. Volatility stop (for upward breakout): $412.48 or 4.5% below the close.

Change YTD: 27.85%

Volume: 456,600 shares. 3 month avg: 575,872 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: Multi-peaks from 06/30/2023 to 08/15/2023

Industry: E-Commerce

Industry RS rank: 7 out of 60

Stock RS rank: 210 out of 627

8/17/23 close: $30.23

1 Month avg volatility: $0.76. Volatility stop (for upward breakout): $28.31 or 6.3% below the close.

Change YTD: 16.05%

Volume: 1,325,100 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 06/02/2023 to 08/15/2023

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: Computer Software and Svcs

Industry RS rank: 8 out of 60

Stock RS rank: 62 out of 627

8/17/23 close: $207.57

1 Month avg volatility: $6.29. Volatility stop (for downward breakout): $225.57 or 8.7% above the close.

Change YTD: 48.75%

Volume: 4,982,800 shares. 3 month avg: 1,496,697 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 Adam reversal pattern from 07/05/2023 to 08/01/2023

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: Chemical (Specialty)

Industry RS rank: 13 out of 60

Stock RS rank: 429 out of 627

8/17/23 close: $14.07

1 Month avg volatility: $0.33. Volatility stop (for downward breakout): $15.16 or 7.7% above the close.

Change YTD: 4.92%

Volume: 31,900 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: Triple top reversal pattern from 07/18/2023 to 08/04/2023

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: 50 out of 60

Stock RS rank: 335 out of 627

8/17/23 close: $135.21

1 Month avg volatility: $2.85. Volatility stop (for upward breakout): $129.20 or 4.4% below the close.

Change YTD: 4.24%

Volume: 2,205,800 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: Ugly double bottom reversal pattern from 07/14/2023 to 08/15/2023

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: Chemical (Specialty)

Industry RS rank: 13 out of 60

Stock RS rank: 549 out of 627

8/17/23 close: $166.19

1 Month avg volatility: $5.12. Volatility stop (for downward breakout): $180.54 or 8.6% above the close.

Change YTD: -0.43%

Volume: 46,300 shares. 3 month avg: 69,343 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 Monday.

 

Chart pattern: Double Top, Eve and Adam reversal pattern from 07/11/2023 to 08/01/2023

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: Apparel

Industry RS rank: 48 out of 60

Stock RS rank: 345 out of 627

8/17/23 close: $116.72

1 Month avg volatility: $2.79. Volatility stop (for downward breakout): $124.97 or 7.1% above the close.

Change YTD: 10.46%

Volume: 985,400 shares. 3 month avg: 933,391 shares.

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

 

Chart pattern: Double Top, Adam and Adam reversal pattern from 07/12/2023 to 08/04/2023

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: Shoe

Industry RS rank: 12 out of 60

Stock RS rank: 89 out of 627

8/17/23 close: $51.07

1 Month avg volatility: $1.42. Volatility stop (for downward breakout): $54.97 or 7.6% above the close.

Change YTD: 21.74%

Volume: 1,317,100 shares. 3 month avg: 3,234,920 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 07/20/2023 to 08/10/2023

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: Metal Fabricating

Industry RS rank: 51 out of 60

Stock RS rank: 490 out of 627

8/17/23 close: $75.65

1 Month avg volatility: $1.87. Volatility stop (for downward breakout): $80.74 or 6.7% above the close.

Change YTD: 7.05%

Volume: 678,500 shares. 3 month avg: 853,643 shares.

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

 

Chart pattern: Triple top reversal pattern from 07/12/2023 to 08/01/2023

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: Building Materials

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

Industry RS rank: 23 out of 60

Stock RS rank: 51 out of 627

8/17/23 close: $68.34

1 Month avg volatility: $2.31. Volatility stop (for downward breakout): $77.51 or 13.4% above the close.

Change YTD: 61.45%

Volume: 1,372,500 shares. 3 month avg: 245,355 shares.

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

 

Chart pattern: Double Top, Adam and Eve reversal pattern from 08/02/2023 to 08/10/2023

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: Metals and Mining (Div.)

Industry RS rank: 37 out of 60

Stock RS rank: 169 out of 627

8/17/23 close: $12.46

1 Month avg volatility: $0.36. Volatility stop (for downward breakout): $13.32 or 6.9% above the close.

Change YTD: -0.32%

Volume: 455,100 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 07/10/2023 to 07/24/2023

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: Information Services

Industry RS rank: 25 out of 60

Stock RS rank: 388 out of 627

8/17/23 close: $182.55

1 Month avg volatility: $3.92. Volatility stop (for downward breakout): $194.87 or 6.8% above the close.

Change YTD: 11.55%

Volume: 178,500 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, Eve and Adam reversal pattern from 07/27/2023 to 08/10/2023

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: Metals and Mining (Div.)

Industry RS rank: 37 out of 60

Stock RS rank: 303 out of 627

8/17/23 close: $41.21

1 Month avg volatility: $1.02. Volatility stop (for downward breakout): $44.18 or 7.2% above the close.

Change YTD: 5.79%

Volume: 2,187,700 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 Adam reversal pattern from 07/26/2023 to 08/11/2023

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: Semiconductor

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

Industry RS rank: 4 out of 60

Stock RS rank: 619 out of 627

8/17/23 close: $44.10

1 Month avg volatility: $2.42. Volatility stop (for downward breakout): $51.60 or 17.0% above the close.

Change YTD: -36.12%

Volume: 15,735,300 shares. 3 month avg: 2,005,123 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: Dead-cat bounce continuation pattern from 08/17/2023 to 08/17/2023

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: 113 out of 627

8/17/23 close: $478.12

1 Month avg volatility: $9.97. Volatility stop (for downward breakout): $504.76 or 5.6% above the close.

Change YTD: 37.40%

Volume: 872,000 shares. 3 month avg: 570,480 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, Eve and Eve reversal pattern from 07/18/2023 to 08/01/2023

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.