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 © 2024 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: Electric Utility (East)Industry RS rank: 46 out of 60Stock RS rank: 551 out of 6221/11/24 close: $18.031 Month avg volatility: $0.55. Volatility stop (for upward breakout): $16.67 or 7.6% below the close.Change YTD: -6.34%Volume: 4,908,600 shares. 3 month avg: 5,494,342 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: Triangle, symmetrical continuation pattern from 12/14/2023 to 01/10/2024Breakout 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: Chemical (Diversified)Industry RS rank: 58 out of 60Stock RS rank: 493 out of 6221/11/24 close: $264.591 Month avg volatility: $3.66. Volatility stop (for downward breakout): $275.40 or 4.1% above the close.Change YTD: -3.36%Volume: 1,044,400 shares. 3 month avg: 1,051,743 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 Top, Eve and Eve reversal pattern from 12/18/2023 to 12/27/2023Breakout 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: Furn/Home FurnishingsIndustry RS rank: 2 out of 60Stock RS rank: 398 out of 6221/11/24 close: $15.151 Month avg volatility: $0.63. Volatility stop (for downward breakout): $16.50 or 8.9% above the close.Change YTD: -8.73%Volume: 29,600 shares. 3 month avg: 28,538 shares.This security may be thinly traded (less than 100k 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: Head-and-shoulders top reversal pattern from 11/06/2023 to 12/27/2023Breakout 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: IT ServicesIndustry RS rank: 6 out of 60Stock RS rank: 421 out of 6221/11/24 close: $329.541 Month avg volatility: $4.84. Volatility stop (for upward breakout): $316.83 or 3.9% below the close.Change YTD: 1.75%Volume: 100,800 shares. 3 month avg: 131,971 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 12/20/2023 to 01/04/2024Breakout 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: Retail (Special Lines)WARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 3 out of 60Stock RS rank: 146 out of 6221/11/24 close: $5.031 Month avg volatility: $0.38. Volatility stop (for upward breakout): $4.09 or 18.6% below the close.Change YTD: 13.29%Volume: 137,400 shares. 3 month avg: 567,568 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: Flag, high and tight continuation pattern from 12/07/2023 to 01/10/2024Breakout is upward 100% of the time.Average rise: 69%.Throwbacks occur 54% of the time.Price hits measure rule target 90% of the time.
Industry: MachineryIndustry RS rank: 39 out of 60Stock RS rank: 135 out of 6221/11/24 close: $218.471 Month avg volatility: $3.23. Volatility stop (for downward breakout): $225.54 or 3.2% above the close.Change YTD: -1.94%Volume: 102,700 shares. 3 month avg: 230,622 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 Top, Adam and Eve reversal pattern from 12/13/2023 to 01/02/2024Breakout 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: NoneIndustry RS rank: 19 out of 601/11/24 close: $15,534.901 Month avg volatility: $202.64. Volatility stop (for downward breakout): $15,978.33 or 2.9% above the close.Change YTD: -2.29%Volume: 95,692,000 shares. 3 month avg: 107,279,729 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 12/19/2023 to 12/22/2023Breakout 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: Air TransportIndustry RS rank: 57 out of 60Stock RS rank: 315 out of 6221/11/24 close: $125.421 Month avg volatility: $2.01. Volatility stop (for downward breakout): $129.77 or 3.5% above the close.Change YTD: -1.40%Volume: 1,254,900 shares. 3 month avg: 1,055,643 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 Top, Eve and Eve reversal pattern from 12/26/2023 to 01/05/2024Breakout 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 (Special Lines)WARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 3 out of 60Stock RS rank: 607 out of 6221/11/24 close: $15.251 Month avg volatility: $0.83. Volatility stop (for downward breakout): $17.46 or 14.5% above the close.Change YTD: -13.01%Volume: 2,971,300 shares. 3 month avg: 3,063,175 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 Top, Eve and Eve reversal pattern from 12/19/2023 to 12/27/2023Breakout 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: Aerospace/DefenseIndustry RS rank: 29 out of 60Stock RS rank: 162 out of 6221/11/24 close: $55.511 Month avg volatility: $0.86. Volatility stop (for upward breakout): $53.12 or 4.3% below the close.Change YTD: 2.57%Volume: 2,360,800 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: Triangle, symmetrical continuation pattern from 12/14/2023 to 01/09/2024Breakout 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: AdvertisingIndustry RS rank: 51 out of 60Stock RS rank: 549 out of 6221/11/24 close: $32.501 Month avg volatility: $0.63. Volatility stop (for downward breakout): $33.78 or 4.0% above the close.Change YTD: -0.43%Volume: 3,224,600 shares. 3 month avg: 6,516,800 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 12/18/2023 to 01/11/2024Breakout 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: Petroleum (Integrated)Industry RS rank: 41 out of 60Stock RS rank: 461 out of 6221/11/24 close: $22.941 Month avg volatility: $0.53. Volatility stop (for downward breakout): $24.13 or 5.2% above the close.Change YTD: -5.05%Volume: 8,221,800 shares. 3 month avg: 10,621,542 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: Head-and-shoulders top reversal pattern from 12/18/2023 to 01/04/2024Breakout 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: Petroleum (Integrated)Industry RS rank: 41 out of 60Stock RS rank: 406 out of 6221/11/24 close: $39.271 Month avg volatility: $0.99. Volatility stop (for downward breakout): $41.97 or 6.9% above the close.Change YTD: -7.95%Volume: 1,938,400 shares. 3 month avg: 2,218,335 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: Double Top, Adam and Eve reversal pattern from 12/01/2023 to 12/26/2023Breakout 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: Natural Gas (Distributor)Industry RS rank: 47 out of 60Stock RS rank: 464 out of 6221/11/24 close: $42.951 Month avg volatility: $0.78. Volatility stop (for downward breakout): $45.36 or 5.6% above the close.Change YTD: -3.66%Volume: 446,800 shares. 3 month avg: 514,131 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: Triple top reversal pattern from 12/14/2023 to 01/03/2024Breakout is downward 100% of the time.Average decline: 19%.Break-even failure rate: 10%.Pullbacks occur 61% of the time.Price hits measure rule target 40% of the time.
Industry: SemiconductorWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 25 out of 60Stock RS rank: 55 out of 6221/11/24 close: $548.221 Month avg volatility: $12.95. Volatility stop (for upward breakout): $509.69 or 7.0% below the close.Change YTD: 10.70%Volume: 59,374,900 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: Ugly double bottom reversal pattern from 10/31/2023 to 12/04/2023Breakout 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 (Prop/Casualty)Industry RS rank: 15 out of 60Stock RS rank: 337 out of 6221/11/24 close: $137.851 Month avg volatility: $2.18. Volatility stop (for upward breakout): $130.67 or 5.2% below the close.Change YTD: 3.55%Volume: 113,300 shares. 3 month avg: 149,782 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: Pipe bottom reversal pattern from 12/11/2023 to 12/18/2023Breakout 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: Chemical (Basic)Industry RS rank: 36 out of 60Stock RS rank: 550 out of 6221/11/24 close: $59.911 Month avg volatility: $2.26. Volatility stop (for downward breakout): $65.76 or 9.8% above the close.Change YTD: -6.02%Volume: 559,900 shares. 3 month avg: 327,891 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: Head-and-shoulders top reversal pattern from 12/14/2023 to 01/08/2024WARNING: A dead-cat bounce occurred on 08/02/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 01/31/2024.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: Chemical (Basic)Industry RS rank: 36 out of 60Stock RS rank: 147 out of 6221/11/24 close: $297.421 Month avg volatility: $4.13. Volatility stop (for downward breakout): $307.61 or 3.4% above the close.Change YTD: -4.64%Volume: 1,337,900 shares. 3 month avg: 564,294 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 Top, Adam and Eve reversal pattern from 12/15/2023 to 12/29/2023Breakout 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: Natural Gas (Diversified)Industry RS rank: 45 out of 60Stock RS rank: 190 out of 6221/11/24 close: $6.721 Month avg volatility: $0.22. Volatility stop (for upward breakout): $6.23 or 7.4% below the close.Change YTD: 2.60%Volume: 85,174,700 shares. 3 month avg: 16,683,949 shares.Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.Chart pattern: Head-and-shoulders bottom reversal pattern from 11/10/2023 to 01/04/2024Breakout is upward 100% of the time.Average rise: 38%.Break-even failure rate: 3%.Throwbacks occur 45% of the time.Price hits measure rule target 74% of the time.
Industry: Petroleum (Integrated)Industry RS rank: 41 out of 60Stock RS rank: 174 out of 6221/11/24 close: $128.001 Month avg volatility: $3.03. Volatility stop (for downward breakout): $134.14 or 4.8% above the close.Change YTD: -1.54%Volume: 2,244,800 shares. 3 month avg: 3,602,446 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 Top, Adam and Adam reversal pattern from 12/20/2023 to 01/04/2024Breakout 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: Electric Utility (West)Industry RS rank: 54 out of 60Stock RS rank: 412 out of 6221/11/24 close: $61.001 Month avg volatility: $0.98. Volatility stop (for downward breakout): $64.30 or 5.4% above the close.Change YTD: -1.47%Volume: 3,809,400 shares. 3 month avg: 3,202,808 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 Top, Adam and Eve reversal pattern from 12/14/2023 to 01/04/2024Breakout 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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