As of 10/03/2024
Indus: 42,012 -184.93 -0.4%
Trans: 15,745 -226.81 -1.4%
Utils: 1,058 -6.74 -0.6%
Nasdaq: 17,918 -6.64 0.0%
S&P 500: 5,700 -9.60 -0.2%
|
YTD
+11.5%
-1.0%
+20.0%
+19.4%
+19.5%
|
43,500 or 41,600 by 10/15/2024
16,800 or 15,700 by 10/15/2024
1,125 or 1,025 by 10/15/2024
19,000 or 17,600 by 10/15/2024
5,900 or 5,600 by 10/15/2024
|
As of 10/03/2024
Indus: 42,012 -184.93 -0.4%
Trans: 15,745 -226.81 -1.4%
Utils: 1,058 -6.74 -0.6%
Nasdaq: 17,918 -6.64 0.0%
S&P 500: 5,700 -9.60 -0.2%
|
YTD
+11.5%
-1.0%
+20.0%
+19.4%
+19.5%
| |
43,500 or 41,600 by 10/15/2024
16,800 or 15,700 by 10/15/2024
1,125 or 1,025 by 10/15/2024
19,000 or 17,600 by 10/15/2024
5,900 or 5,600 by 10/15/2024
| ||
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: Precision InstrumentIndustry RS rank: 40 out of 60Stock RS rank: 525 out of 6278/24/23 close: $119.491 Month avg volatility: $2.78. Volatility stop (for downward breakout): $126.34 or 5.7% above the close.Change YTD: -20.15%Volume: 2,035,700 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 Eve reversal pattern from 07/27/2023 to 08/10/2023Breakout 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: Insurance (Life)Industry RS rank: 39 out of 60Stock RS rank: 406 out of 6278/24/23 close: $58.211 Month avg volatility: $1.22. Volatility stop (for downward breakout): $61.10 or 5.0% above the close.Change YTD: -6.50%Volume: 199,300 shares. 3 month avg: 1,068,715 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 07/31/2023 to 08/07/2023Breakout 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: Chemical (Specialty)Industry RS rank: 15 out of 60Stock RS rank: 487 out of 6278/24/23 close: $36.961 Month avg volatility: $0.82. Volatility stop (for upward breakout): $35.29 or 4.5% below the close.Change YTD: 9.48%Volume: 308,100 shares. 3 month avg: 523,769 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: Flag continuation pattern from 08/16/2023 to 08/24/2023Breakout 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: Precision InstrumentIndustry RS rank: 40 out of 60Stock RS rank: 25 out of 6278/24/23 close: $161.071 Month avg volatility: $3.88. Volatility stop (for downward breakout): $172.16 or 6.9% above the close.Change YTD: 47.73%Volume: 96,500 shares. 3 month avg: 149,246 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 top reversal pattern from 08/01/2023 to 08/18/2023Breakout 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: ShoeIndustry RS rank: 16 out of 60Stock RS rank: 419 out of 6278/24/23 close: $24.151 Month avg volatility: $0.84. Volatility stop (for downward breakout): $27.00 or 11.8% above the close.Change YTD: 8.39%Volume: 563,700 shares. 3 month avg: 329,342 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 08/07/2023 to 08/16/2023Breakout 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 (Basic)Industry RS rank: 43 out of 60Stock RS rank: 265 out of 6278/24/23 close: $117.591 Month avg volatility: $2.72. Volatility stop (for downward breakout): $123.65 or 5.2% above the close.Change YTD: 15.01%Volume: 981,400 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 07/27/2023 to 08/10/2023Breakout 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 ServicesIndustry RS rank: 31 out of 60Stock RS rank: 349 out of 6278/24/23 close: $8.651 Month avg volatility: $0.19. Volatility stop (for downward breakout): $9.14 or 5.6% above the close.Change YTD: 6.13%Volume: 423,300 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 Adam reversal pattern from 07/24/2023 to 08/03/2023Breakout 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: Healthcare InformationIndustry RS rank: 35 out of 60Stock RS rank: 273 out of 6278/24/23 close: $66.711 Month avg volatility: $2.21. Volatility stop (for downward breakout): $72.18 or 8.2% above the close.Change YTD: 8.23%Volume: 491,600 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: Triangle, descending reversal pattern from 07/05/2023 to 07/27/2023Breakout is downward 64% of the time.Average decline: 16%.Break-even failure rate: 16%.Pullbacks occur 54% of the time.Price hits measure rule target 54% of the time.
Industry: Chemical (Specialty)Industry RS rank: 15 out of 60Stock RS rank: 415 out of 6278/24/23 close: $26.871 Month avg volatility: $0.68. Volatility stop (for downward breakout): $28.55 or 6.3% above the close.Change YTD: -2.22%Volume: 1,974,600 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: Head-and-shoulders top reversal pattern from 07/13/2023 to 08/10/2023Breakout 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: Medical SuppliesIndustry RS rank: 48 out of 60Stock RS rank: 241 out of 6278/24/23 close: $165.091 Month avg volatility: $2.89. Volatility stop (for downward breakout): $172.45 or 4.5% above the close.Change YTD: -6.54%Volume: 65,130,400 shares. 3 month avg: 5,464,417 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 07/28/2023 to 08/10/2023Breakout 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: Furn/Home FurnishingsIndustry RS rank: 56 out of 60Stock RS rank: 421 out of 6278/24/23 close: $29.351 Month avg volatility: $0.84. Volatility stop (for downward breakout): $32.29 or 10.0% above the close.Change YTD: 28.62%Volume: 641,500 shares. 3 month avg: 437,505 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 07/31/2023 to 08/07/2023Breakout 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: Medical ServicesIndustry RS rank: 41 out of 60Stock RS rank: 490 out of 6278/24/23 close: $212.491 Month avg volatility: $3.80. Volatility stop (for upward breakout): $204.51 or 3.8% below the close.Change YTD: -9.76%Volume: 622,400 shares. 3 month avg: 674,168 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 07/25/2023 to 08/24/2023Breakout 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: Financial ServicesIndustry RS rank: 31 out of 60Stock RS rank: 133 out of 6278/24/23 close: $397.671 Month avg volatility: $5.58. Volatility stop (for upward breakout): $386.34 or 2.9% below the close.Change YTD: 14.36%Volume: 1,968,000 shares. 3 month avg: 2,793,240 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 Bottom, Eve and Adam reversal pattern from 08/03/2023 to 08/18/2023Breakout 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: DrugWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 9 out of 60Stock RS rank: 297 out of 6278/24/23 close: $109.451 Month avg volatility: $1.89. Volatility stop (for upward breakout): $105.31 or 3.8% below the close.Change YTD: -1.35%Volume: 6,464,800 shares. 3 month avg: 11,487,503 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 Bottom, Adam and Eve reversal pattern from 07/17/2023 to 08/04/2023Breakout 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: Computers and PeripheralsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 29 out of 60Stock RS rank: 587 out of 6278/24/23 close: $38.671 Month avg volatility: $1.17. Volatility stop (for upward breakout): $36.34 or 6.0% below the close.Change YTD: -13.57%Volume: 487,500 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: Pipe bottom reversal pattern from 08/07/2023 to 08/14/2023WARNING: A dead-cat bounce occurred on 05/03/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 11/01/2023.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: SemiconductorWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 2 out of 60Stock RS rank: 1 out of 6278/24/23 close: $471.631 Month avg volatility: $17.17. Volatility stop (for upward breakout): $437.24 or 7.3% below the close.Change YTD: 222.72%Volume: 114,379,200 shares. 3 month avg: 15,363,712 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 08/07/2023 to 08/14/2023Breakout 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: Electric Utility (Central)Industry RS rank: 44 out of 60Stock RS rank: 458 out of 6278/24/23 close: $34.091 Month avg volatility: $0.58. Volatility stop (for upward breakout): $32.86 or 3.6% below the close.Change YTD: -13.81%Volume: 1,142,400 shares. 3 month avg: 1,006,480 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 Bottom, Adam and Adam reversal pattern from 08/15/2023 to 08/21/2023Breakout 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: BiotechnologyIndustry RS rank: 26 out of 60Stock RS rank: 227 out of 6278/24/23 close: $78.791 Month avg volatility: $2.00. Volatility stop (for downward breakout): $83.59 or 6.1% above the close.Change YTD: -4.93%Volume: 427,500 shares. 3 month avg: 150,611 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 top reversal pattern from 07/17/2023 to 07/24/2023Breakout 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: Furn/Home FurnishingsIndustry RS rank: 56 out of 60Stock RS rank: 256 out of 6278/24/23 close: $43.401 Month avg volatility: $1.22. Volatility stop (for downward breakout): $46.62 or 7.4% above the close.Change YTD: 26.42%Volume: 1,772,600 shares. 3 month avg: 985,960 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 07/27/2023 to 08/03/2023Breakout 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: HomebuildingIndustry RS rank: 1 out of 60Stock RS rank: 28 out of 6278/24/23 close: $78.071 Month avg volatility: $1.99. Volatility stop (for downward breakout): $84.17 or 7.8% above the close.Change YTD: 56.39%Volume: 2,297,600 shares. 3 month avg: 2,237,614 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: Broadening top reversal pattern from 07/21/2023 to 08/21/2023Breakout 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: SemiconductorWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 2 out of 60Stock RS rank: 606 out of 6278/24/23 close: $44.641 Month avg volatility: $2.47. Volatility stop (for downward breakout): $53.39 or 19.6% above the close.Change YTD: -35.34%Volume: 3,146,000 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: Horn top reversal pattern from 07/03/2023 to 07/17/2023WARNING: A dead-cat bounce occurred on 08/17/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/16/2023 and a 38% chance by 02/15/2024.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.
Support this site! Clicking any of the books (below) takes you to
Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."
My Stock Market Books
|
My Novels
|