As of 05/13/2024   Indus: 39,432 -81.33 -0.2%     Trans: 15,629 +31.37 +0.2%     Utils: 941 -1.34 -0.1%     Nasdaq: 16,388 +47.37 +0.3%     S&P 500: 5,221 -1.26 0.0%	YTD  +4.6%   -1.7%    +6.7%    +9.2%    +9.5%	Targets    Overview: 05/13/2024     39,950 or 38,500 by 06/01/2024   16,050 or 15,300 by 06/01/2024   960 or 900 by 06/01/2024   17,250 or 15,850 by 06/01/2024   5,500 or 5,100 by 06/01/2024
Chart Pattern Indicator: on 5/1/24

As of 05/13/2024   Indus: 39,432 -81.33 -0.2%     Trans: 15,629 +31.37 +0.2%     Utils: 941 -1.34 -0.1%     Nasdaq: 16,388 +47.37 +0.3%     S&P 500: 5,221 -1.26 0.0%	YTD  +4.6%   -1.7%    +6.7%    +9.2%    +9.5%
Targets    Overview: 05/13/2024     39,950 or 38,500 by 06/01/2024   16,050 or 15,300 by 06/01/2024   960 or 900 by 06/01/2024   17,250 or 15,850 by 06/01/2024   5,500 or 5,100 by 06/01/2024
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: Precision Instrument

Industry RS rank: 40 out of 60

Stock RS rank: 525 out of 627

8/24/23 close: $119.49

1 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 08/10/2023

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: Insurance (Life)

Industry RS rank: 39 out of 60

Stock RS rank: 406 out of 627

8/24/23 close: $58.21

1 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 08/07/2023

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: Chemical (Specialty)

Industry RS rank: 15 out of 60

Stock RS rank: 487 out of 627

8/24/23 close: $36.96

1 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 08/24/2023

Breakout 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 Instrument

Industry RS rank: 40 out of 60

Stock RS rank: 25 out of 627

8/24/23 close: $161.07

1 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 08/18/2023

Breakout 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: Shoe

Industry RS rank: 16 out of 60

Stock RS rank: 419 out of 627

8/24/23 close: $24.15

1 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 08/16/2023

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 (Basic)

Industry RS rank: 43 out of 60

Stock RS rank: 265 out of 627

8/24/23 close: $117.59

1 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 08/10/2023

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: 31 out of 60

Stock RS rank: 349 out of 627

8/24/23 close: $8.65

1 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 08/03/2023

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: Healthcare Information

Industry RS rank: 35 out of 60

Stock RS rank: 273 out of 627

8/24/23 close: $66.71

1 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 07/27/2023

Breakout 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 60

Stock RS rank: 415 out of 627

8/24/23 close: $26.87

1 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 08/10/2023

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: Medical Supplies

Industry RS rank: 48 out of 60

Stock RS rank: 241 out of 627

8/24/23 close: $165.09

1 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 08/10/2023

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: Furn/Home Furnishings

Industry RS rank: 56 out of 60

Stock RS rank: 421 out of 627

8/24/23 close: $29.35

1 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 08/07/2023

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: Medical Services

Industry RS rank: 41 out of 60

Stock RS rank: 490 out of 627

8/24/23 close: $212.49

1 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 08/24/2023

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: 31 out of 60

Stock RS rank: 133 out of 627

8/24/23 close: $397.67

1 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 08/18/2023

Breakout 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: Drug

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

Industry RS rank: 9 out of 60

Stock RS rank: 297 out of 627

8/24/23 close: $109.45

1 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 08/04/2023

Breakout 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 Peripherals

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

Industry RS rank: 29 out of 60

Stock RS rank: 587 out of 627

8/24/23 close: $38.67

1 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 08/14/2023

WARNING: 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: Semiconductor

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

Industry RS rank: 2 out of 60

Stock RS rank: 1 out of 627

8/24/23 close: $471.63

1 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 08/14/2023

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: Electric Utility (Central)

Industry RS rank: 44 out of 60

Stock RS rank: 458 out of 627

8/24/23 close: $34.09

1 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 08/21/2023

Breakout 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: Biotechnology

Industry RS rank: 26 out of 60

Stock RS rank: 227 out of 627

8/24/23 close: $78.79

1 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 07/24/2023

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: Furn/Home Furnishings

Industry RS rank: 56 out of 60

Stock RS rank: 256 out of 627

8/24/23 close: $43.40

1 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 08/03/2023

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: Homebuilding

Industry RS rank: 1 out of 60

Stock RS rank: 28 out of 627

8/24/23 close: $78.07

1 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 08/21/2023

Breakout 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: Semiconductor

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

Industry RS rank: 2 out of 60

Stock RS rank: 606 out of 627

8/24/23 close: $44.64

1 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 07/17/2023

WARNING: 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 Invest for Two-Comma Wealth   Chart Patterns: After the Buy Encyclopedia of Chart Pattern, 3rd Edition Fundamental Analysis and Position Trading Getting Started in Chart Patterns, 2nd Edition Swing and Day Trading Trading Basics

My Novels Training Miles   Bumper's Story Head's Law Remember Me

Copyright © 2005-2024 by Thomas N. Bulkowski. All rights reserved.

Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.

Some pattern names are registered trademarks of their respective owners.

Home Advertise Contact Donate Privacy/Disclaimer ☰