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%  
  Targets    Overview: 09/30/2024  
  Up arrow43,500 or 41,600 by 10/15/2024
  Up arrow16,800 or 15,700 by 10/15/2024
  Up arrow1,125 or 1,025 by 10/15/2024
  Up arrow19,000 or 17,600 by 10/15/2024
  Up arrow5,900 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%  
  Targets    Overview: 09/30/2024  
  Up arrow43,500 or 41,600 by 10/15/2024
  Up arrow16,800 or 15,700 by 10/15/2024
  Up arrow1,125 or 1,025 by 10/15/2024
  Up arrow19,000 or 17,600 by 10/15/2024
  Up arrow5,900 or 5,600 by 10/15/2024

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.

Definitions
RS is relative strength (where 1 is best). For other definitions, see the glossary.
'Breakout is upward/downward 100% of the time' means price breaks out up/down by definition, not by statistically measuring the rate.
All numbers assume a bull market and are based on the breakout direction that occurs most often.
For more information, consult my book, Encyclopedia of Chart Patterns.
 
Agilent Technologies Inc (A)
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.

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Assured Guaranty Ltd. (AGO)
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.

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Avient (AVNT)
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.

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Badger Meter Inc. (BMI)
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.

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Caleres (CAL)
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.

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Celanese Corp (CE)
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.

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EZCorp Inc (EZPW)
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.

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HealthEquity, Inc (HQY)
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.

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Huntsman Corporation (HUN)
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.

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Johnson and Johnson (JNJ)
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.

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La-Z-Boy Inc (LZB)
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.

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Labratory Corp of America (LH)
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.

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Mastercard Inc (MA)
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.

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Merck and Co., Inc. (MRK)
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.

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Mercury Systems, Inc (MRCY)
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.

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NVidia Corp (NVDA)
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.

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OGE Energy Corp (OGE)
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.

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Techne Corporation (TECH)
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.

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Tempur-pedic Intl (TPX)
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.

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Toll Brothers (TOL)
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.

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Wolfspeed (WOLF)
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.

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