As of 11/21/2024
Indus: 43,870 +461.88 +1.1%
Trans: 17,172 +169.53 +1.0%
Utils: 1,076 +20.58 +2.0%
Nasdaq: 18,972 +6.28 +0.0%
S&P 500: 5,949 +31.60 +0.5%
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YTD
+16.4%
+8.0%
+22.0%
+26.4%
+24.7%
|
 46,000 or 43,000 by 12/01/202418,000 or 16,600 by 12/01/20241,200 or 1,000 by 12/01/202420,000 or 18,400 by 12/01/20246,100 or 5,800 by 12/01/2024 |
As of 11/21/2024
Indus: 43,870 +461.88 +1.1%
Trans: 17,172 +169.53 +1.0%
Utils: 1,076 +20.58 +2.0%
Nasdaq: 18,972 +6.28 +0.0%
S&P 500: 5,949 +31.60 +0.5%
|
YTD
+16.4%
+8.0%
+22.0%
+26.4%
+24.7%
| |
|
46,000 or 43,000 by 12/01/202418,000 or 16,600 by 12/01/20241,200 or 1,000 by 12/01/202420,000 or 18,400 by 12/01/20246,100 or 5,800 by 12/01/2024 | ||
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.
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