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 12/01/2024
18,000 or 16,600 by 12/01/2024
1,200 or 1,000 by 12/01/2024
20,000 or 18,400 by 12/01/2024
6,100 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 12/01/2024
18,000 or 16,600 by 12/01/2024
1,200 or 1,000 by 12/01/2024
20,000 or 18,400 by 12/01/2024
6,100 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: Diversified Co.Industry RS rank: 38 out of 60Stock RS rank: 423 out of 6279/14/23 close: $102.321 Month avg volatility: $2.09. Volatility stop (for downward breakout): $107.74 or 5.3% above the close.Change YTD: -14.68%Volume: 4,175,900 shares. 3 month avg: 3,021,471 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: Double Top, Eve and Adam reversal pattern from 08/31/2023 to 09/12/2023Breakout 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: ApparelIndustry RS rank: 46 out of 60Stock RS rank: 229 out of 6279/14/23 close: $15.301 Month avg volatility: $0.53. Volatility stop (for downward breakout): $16.44 or 7.5% above the close.Change YTD: 9.60%Volume: 4,368,400 shares. 3 month avg: 4,309,748 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: Pipe top reversal pattern from 08/28/2023 to 09/05/2023Breakout 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: Trucking/Transp. LeasingIndustry RS rank: 19 out of 60Stock RS rank: 242 out of 6279/14/23 close: $103.201 Month avg volatility: $3.76. Volatility stop (for downward breakout): $113.49 or 10.0% above the close.Change YTD: 47.34%Volume: 890,100 shares. 3 month avg: 234,063 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 08/21/2023 to 09/01/2023Breakout 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: Chemical (Specialty)Industry RS rank: 25 out of 60Stock RS rank: 405 out of 6279/14/23 close: $38.031 Month avg volatility: $0.86. Volatility stop (for downward breakout): $39.86 or 4.8% above the close.Change YTD: 12.65%Volume: 415,300 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: Pipe top reversal pattern from 08/28/2023 to 09/05/2023Breakout 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: Electric Utility (West)Industry RS rank: 56 out of 60Stock RS rank: 563 out of 6279/14/23 close: $34.781 Month avg volatility: $0.58. Volatility stop (for upward breakout): $33.25 or 4.4% below the close.Change YTD: -21.56%Volume: 650,700 shares. 3 month avg: 396,820 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: Horn bottom reversal pattern from 08/21/2023 to 09/05/2023Breakout is upward 100% of the time.Average rise: 35%.Break-even failure rate: 9%.Throwbacks occur 29% of the time.Price hits measure rule target 76% of the time.
Industry: BiotechnologyIndustry RS rank: 41 out of 60Stock RS rank: 414 out of 6279/14/23 close: $87.681 Month avg volatility: $1.91. Volatility stop (for downward breakout): $96.30 or 9.8% above the close.Change YTD: -15.28%Volume: 1,410,700 shares. 3 month avg: 1,330,032 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: Head-and-shoulders top reversal pattern from 08/09/2023 to 09/13/2023Breakout 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: Information ServicesIndustry RS rank: 23 out of 60Stock RS rank: 243 out of 6279/14/23 close: $35.231 Month avg volatility: $0.93. Volatility stop (for downward breakout): $37.74 or 7.1% above the close.Change YTD: -6.45%Volume: 544,400 shares. 3 month avg: 943,408 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, Adam and Eve reversal pattern from 07/31/2023 to 08/07/2023Breakout 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: Precision InstrumentIndustry RS rank: 48 out of 60Stock RS rank: 503 out of 6279/14/23 close: $67.451 Month avg volatility: $1.62. Volatility stop (for upward breakout): $61.49 or 8.8% below the close.Change YTD: -1.32%Volume: 2,167,200 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, Eve and Eve reversal pattern from 08/24/2023 to 09/11/2023Breakout 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: Telecom. EquipmentIndustry RS rank: 57 out of 60Stock RS rank: 595 out of 6279/14/23 close: $8.811 Month avg volatility: $0.31. Volatility stop (for downward breakout): $9.47 or 7.5% above the close.Change YTD: -27.43%Volume: 110,900 shares. 3 month avg: 255,535 shares.Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.Chart pattern: Double Top, Eve and Adam reversal pattern from 07/26/2023 to 08/31/2023Breakout 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: Cement and AggregatesIndustry RS rank: 2 out of 60Stock RS rank: 56 out of 6279/14/23 close: $177.961 Month avg volatility: $4.30. Volatility stop (for downward breakout): $188.14 or 5.7% above the close.Change YTD: 33.96%Volume: 294,600 shares. 3 month avg: 553,088 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: Pipe top reversal pattern from 08/28/2023 to 09/05/2023Breakout 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: Electric Utility (East)Industry RS rank: 51 out of 60Stock RS rank: 412 out of 6279/14/23 close: $41.841 Month avg volatility: $0.54. Volatility stop (for upward breakout): $40.20 or 3.9% below the close.Change YTD: -3.22%Volume: 3,742,000 shares. 3 month avg: 5,244,875 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: Broadening bottom reversal pattern from 08/08/2023 to 09/13/2023Breakout is upward 53% of the time.Average rise: 27%.Break-even failure rate: 10%.Throwbacks occur 41% of the time.Price hits measure rule target 59% of the time.
Industry: Insurance (Life)Industry RS rank: 14 out of 60Stock RS rank: 368 out of 6279/14/23 close: $110.841 Month avg volatility: $1.43. Volatility stop (for downward breakout): $113.76 or 2.6% above the close.Change YTD: -8.05%Volume: 478,900 shares. 3 month avg: 643,200 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: Double Top, Eve and Adam reversal pattern from 07/24/2023 to 08/07/2023Breakout 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: Securities BrokerageIndustry RS rank: 49 out of 60Stock RS rank: 276 out of 6279/14/23 close: $344.571 Month avg volatility: $5.84. Volatility stop (for upward breakout): $325.18 or 5.6% below the close.Change YTD: 0.35%Volume: 2,752,500 shares. 3 month avg: 2,673,269 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 Bottom, Eve and Adam reversal pattern from 08/23/2023 to 09/06/2023Breakout 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: Insurance (Prop/Casualty)Industry RS rank: 31 out of 60Stock RS rank: 523 out of 6279/14/23 close: $111.051 Month avg volatility: $1.89. Volatility stop (for upward breakout): $105.20 or 5.3% below the close.Change YTD: -17.82%Volume: 280,900 shares. 3 month avg: 179,998 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 Bottom, Eve and Adam reversal pattern from 08/24/2023 to 09/11/2023Breakout 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: Telecom. EquipmentIndustry RS rank: 57 out of 60Stock RS rank: 579 out of 6279/14/23 close: $9.891 Month avg volatility: $0.30. Volatility stop (for downward breakout): $10.52 or 6.4% above the close.Change YTD: -24.50%Volume: 1,791,800 shares. 3 month avg: 585,235 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 Eve reversal pattern from 08/18/2023 to 08/31/2023WARNING: A dead-cat bounce occurred on 08/01/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 10/31/2023 and a 38% chance by 01/30/2024.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: Retail Building SupplyIndustry RS rank: 18 out of 60Stock RS rank: 237 out of 6279/14/23 close: $329.631 Month avg volatility: $4.47. Volatility stop (for downward breakout): $339.24 or 2.9% above the close.Change YTD: 4.36%Volume: 2,691,600 shares. 3 month avg: 4,416,295 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 07/27/2023 to 09/14/2023Breakout 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: Trucking/Transp. LeasingIndustry RS rank: 19 out of 60Stock RS rank: 434 out of 6279/14/23 close: $81.951 Month avg volatility: $1.78. Volatility stop (for upward breakout): $76.75 or 6.3% below the close.Change YTD: 3.09%Volume: 278,400 shares. 3 month avg: 343,494 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: Double Bottom, Adam and Eve reversal pattern from 08/23/2023 to 09/05/2023Breakout 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: Human ResourcesIndustry RS rank: 54 out of 60Stock RS rank: 564 out of 6279/14/23 close: $98.041 Month avg volatility: $1.88. Volatility stop (for downward breakout): $101.84 or 3.9% above the close.Change YTD: -13.70%Volume: 249,100 shares. 3 month avg: 131,942 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 08/16/2023 to 08/31/2023Breakout 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: Metals and Mining (Div.)Industry RS rank: 40 out of 60Stock RS rank: 137 out of 6279/14/23 close: $80.601 Month avg volatility: $2.08. Volatility stop (for upward breakout): $73.30 or 9.1% below the close.Change YTD: 6.11%Volume: 80,400 shares. 3 month avg: 141,669 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.Chart pattern: Double Bottom, Adam and Adam reversal pattern from 08/25/2023 to 09/07/2023Breakout 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: Food ProcessingIndustry RS rank: 58 out of 60Stock RS rank: 527 out of 6279/14/23 close: $171.931 Month avg volatility: $3.91. Volatility stop (for upward breakout): $158.30 or 7.9% below the close.Change YTD: -12.86%Volume: 194,500 shares. 3 month avg: 112,417 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 Bottom, Adam and Eve reversal pattern from 08/23/2023 to 09/08/2023Breakout 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: Insurance (Prop/Casualty)Industry RS rank: 31 out of 60Stock RS rank: 182 out of 6279/14/23 close: $64.541 Month avg volatility: $0.70. Volatility stop (for upward breakout): $62.67 or 2.9% below the close.Change YTD: 10.65%Volume: 955,600 shares. 3 month avg: 964,671 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 08/22/2023 to 09/06/2023Breakout 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: SemiconductorWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 7 out of 60Stock RS rank: 208 out of 6279/14/23 close: $80.011 Month avg volatility: $2.44. Volatility stop (for downward breakout): $85.33 or 6.7% above the close.Change YTD: 27.04%Volume: 318,800 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 top reversal pattern from 08/28/2023 to 09/05/2023Breakout 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: IT ServicesIndustry RS rank: 11 out of 60Stock RS rank: 29 out of 6279/14/23 close: $202.881 Month avg volatility: $4.55. Volatility stop (for upward breakout): $188.32 or 7.2% below the close.Change YTD: 67.12%Volume: 454,200 shares. 3 month avg: 726,191 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 07/26/2023 to 08/18/2023Breakout 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: Building MaterialsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 17 out of 60Stock RS rank: 264 out of 6279/14/23 close: $55.881 Month avg volatility: $1.13. Volatility stop (for downward breakout): $58.54 or 4.8% above the close.Change YTD: 19.73%Volume: 1,363,400 shares. 3 month avg: 2,351,771 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 08/28/2023 to 09/05/2023Breakout 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: Securities BrokerageIndustry RS rank: 49 out of 60Stock RS rank: 355 out of 6279/14/23 close: $89.071 Month avg volatility: $1.45. Volatility stop (for upward breakout): $85.03 or 4.5% below the close.Change YTD: 4.76%Volume: 8,082,900 shares. 3 month avg: 7,185,892 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 Bottom, Eve and Eve reversal pattern from 08/25/2023 to 09/12/2023Breakout 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: Oilfield Svcs/EquipmentIndustry RS rank: 10 out of 60Stock RS rank: 207 out of 6279/14/23 close: $135.901 Month avg volatility: $4.44. Volatility stop (for upward breakout): $123.76 or 8.9% below the close.Change YTD: -12.25%Volume: 185,900 shares. 3 month avg: 10,861,705 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: Three Rising Valleys reversal pattern from 05/31/2023 to 08/23/2023Breakout is upward 100% of the time.Average rise: 41%.Break-even failure rate: 5%.Throwbacks occur 60% of the time.Price hits measure rule target 58% of the time.
Industry: Electric Utility (Central)Industry RS rank: 52 out of 60Stock RS rank: 422 out of 6279/14/23 close: $27.741 Month avg volatility: $0.35. Volatility stop (for upward breakout): $26.77 or 3.5% below the close.Change YTD: 1.17%Volume: 3,139,000 shares. 3 month avg: 3,688,512 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 Bottom, Eve and Adam reversal pattern from 08/15/2023 to 09/06/2023Breakout 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: Insurance (Prop/Casualty)Industry RS rank: 31 out of 60Stock RS rank: 226 out of 6279/14/23 close: $27.661 Month avg volatility: $0.30. Volatility stop (for upward breakout): $27.00 or 2.4% below the close.Change YTD: 14.53%Volume: 1,498,600 shares. 3 month avg: 1,253,378 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 Bottom, Adam and Eve reversal pattern from 08/22/2023 to 09/06/2023Breakout 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: Computer Software and SvcsIndustry RS rank: 5 out of 60Stock RS rank: 48 out of 6279/14/23 close: $113.661 Month avg volatility: $3.25. Volatility stop (for downward breakout): $121.63 or 7.0% above the close.Change YTD: 40.16%Volume: 19,730,200 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: Big M reversal pattern from 06/15/2023 to 09/11/2023Breakout is downward 100% of the time.Average decline: 17%.Break-even failure rate: 11%.Pullbacks occur 63% of the time.Price hits measure rule target 57% of the time.
Industry: Financial ServicesIndustry RS rank: 28 out of 60Stock RS rank: 535 out of 6279/14/23 close: $64.441 Month avg volatility: $1.38. Volatility stop (for upward breakout): $60.55 or 6.0% below the close.Change YTD: -9.52%Volume: 14,399,400 shares. 3 month avg: 21,592,165 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: Ugly double bottom reversal pattern from 08/18/2023 to 09/08/2023Breakout 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: Insurance (Life)Industry RS rank: 14 out of 60Stock RS rank: 223 out of 6279/14/23 close: $144.151 Month avg volatility: $2.51. Volatility stop (for upward breakout): $137.38 or 4.7% below the close.Change YTD: 1.45%Volume: 305,500 shares. 3 month avg: 326,800 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 Bottom, Eve and Adam reversal pattern from 08/21/2023 to 09/05/2023Breakout 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: Furn/Home FurnishingsIndustry RS rank: 50 out of 60Stock RS rank: 131 out of 6279/14/23 close: $8.911 Month avg volatility: $0.22. Volatility stop (for downward breakout): $9.35 or 5.0% above the close.Change YTD: 26.03%Volume: 452,700 shares. 3 month avg: 708,518 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: Broadening top, right-angled and ascending reversal pattern from 08/08/2023 to 09/11/2023Breakout is downward 66% of the time.Average decline: 15%.Break-even failure rate: 20%.Pullbacks occur 65% of the time.Price hits measure rule target 32% of the time.
Industry: Insurance (Prop/Casualty)Industry RS rank: 31 out of 60Stock RS rank: 420 out of 6279/14/23 close: $165.961 Month avg volatility: $2.19. Volatility stop (for upward breakout): $159.87 or 3.7% below the close.Change YTD: -11.48%Volume: 1,222,300 shares. 3 month avg: 1,525,757 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 bottom reversal pattern from 08/22/2023 to 09/08/2023Breakout 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: Building MaterialsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 17 out of 60Stock RS rank: 45 out of 6279/14/23 close: $66.901 Month avg volatility: $1.94. Volatility stop (for downward breakout): $70.90 or 6.0% above the close.Change YTD: 58.04%Volume: 724,100 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: Head-and-shoulders complex top reversal pattern from 07/18/2023 to 09/01/2023Breakout is downward 100% of the time.Average decline: 23%.Break-even failure rate: 4%.Pullbacks occur 67% of the time.Price hits measure rule target 53% of the time.
Industry: E-CommerceIndustry RS rank: 9 out of 60Stock RS rank: 385 out of 6279/14/23 close: $64.621 Month avg volatility: $2.02. Volatility stop (for upward breakout): $60.08 or 7.0% below the close.Change YTD: 31.99%Volume: 1,719,800 shares.Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.Chart pattern: Double Bottom, Adam and Adam reversal pattern from 08/08/2023 to 08/18/2023Breakout 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: ApparelIndustry RS rank: 46 out of 60Stock RS rank: 554 out of 6279/14/23 close: $18.111 Month avg volatility: $0.66. Volatility stop (for downward breakout): $19.49 or 7.6% above the close.Change YTD: -34.41%Volume: 9,256,600 shares. 3 month avg: 2,795,366 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: Head-and-shoulders top reversal pattern from 07/19/2023 to 09/01/2023Breakout 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.
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
|