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 |
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: Medical ServicesIndustry RS rank: 37 out of 60Stock RS rank: 622 out of 6221/18/24 close: $1.611 Month avg volatility: $0.33. Volatility stop (for downward breakout): $2.99 or 86.5% above the close.Change YTD: -59.06%Volume: 427,300 shares. 3 month avg: 533,922 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: Dead-cat bounce continuation pattern from 01/16/2024 to 01/16/2024Breakout is downward 67% of the time.Average decline: 18%.
Industry: Insurance (Prop/Casualty)Industry RS rank: 13 out of 60Stock RS rank: 306 out of 6221/18/24 close: $117.931 Month avg volatility: $1.81. Volatility stop (for downward breakout): $121.67 or 3.2% above the close.Change YTD: -0.81%Volume: 407,300 shares. 3 month avg: 353,085 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 Top, Adam and Adam reversal pattern from 12/14/2023 to 01/05/2024Breakout 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: Insurance (Diversified)Industry RS rank: 29 out of 60Stock RS rank: 435 out of 6221/18/24 close: $307.281 Month avg volatility: $5.20. Volatility stop (for upward breakout): $289.88 or 5.7% below the close.Change YTD: 5.59%Volume: 1,488,500 shares. 3 month avg: 1,880,728 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 Bottom, Eve and Adam reversal pattern from 12/20/2023 to 01/05/2024Breakout 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: 19 out of 60Stock RS rank: 543 out of 6221/18/24 close: $50.091 Month avg volatility: $1.02. Volatility stop (for downward breakout): $52.22 or 4.3% above the close.Change YTD: -2.38%Volume: 18,456,900 shares. 3 month avg: 5,378,746 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 Adam reversal pattern from 12/22/2023 to 01/02/2024Breakout 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: Computer Software and SvcsIndustry RS rank: 15 out of 60Stock RS rank: 100 out of 6221/18/24 close: $279.011 Month avg volatility: $5.46. Volatility stop (for upward breakout): $264.36 or 5.3% below the close.Change YTD: 2.44%Volume: 1,291,800 shares. 3 month avg: 2,769,531 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: Pipe bottom reversal pattern from 01/02/2024 to 01/08/2024Breakout 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: Food ProcessingIndustry RS rank: 55 out of 60Stock RS rank: 390 out of 6221/18/24 close: $43.711 Month avg volatility: $0.72. Volatility stop (for upward breakout): $42.00 or 3.9% below the close.Change YTD: 1.11%Volume: 2,361,700 shares. 3 month avg: 2,769,580 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: Triangle, symmetrical continuation pattern from 12/06/2023 to 01/18/2024Breakout 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: Household ProductsIndustry RS rank: 41 out of 60Stock RS rank: 311 out of 6221/18/24 close: $97.831 Month avg volatility: $1.29. Volatility stop (for upward breakout): $94.94 or 3.0% below the close.Change YTD: 3.46%Volume: 1,262,000 shares. 3 month avg: 2,023,622 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: Ugly double bottom reversal pattern from 11/03/2023 to 12/15/2023Breakout 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: Electric Utility (East)Industry RS rank: 44 out of 60Stock RS rank: 492 out of 6221/18/24 close: $45.481 Month avg volatility: $0.97. Volatility stop (for downward breakout): $47.99 or 5.5% above the close.Change YTD: -3.23%Volume: 5,396,000 shares. 3 month avg: 2,249,422 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: Pipe top reversal pattern from 01/02/2024 to 01/08/2024Breakout 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 (Diversified)Industry RS rank: 58 out of 60Stock RS rank: 332 out of 6221/18/24 close: $86.991 Month avg volatility: $1.25. Volatility stop (for downward breakout): $89.52 or 2.9% above the close.Change YTD: -3.15%Volume: 693,700 shares. 3 month avg: 1,209,300 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 12/14/2023 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: InternetWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 7 out of 60Stock RS rank: 528 out of 6221/18/24 close: $40.791 Month avg volatility: $0.85. Volatility stop (for downward breakout): $42.57 or 4.4% above the close.Change YTD: -6.49%Volume: 5,743,800 shares. 3 month avg: 8,868,903 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: Triple top reversal pattern from 12/19/2023 to 01/02/2024Breakout 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: Medical ServicesIndustry RS rank: 37 out of 60Stock RS rank: 287 out of 6221/18/24 close: $469.331 Month avg volatility: $7.55. Volatility stop (for downward breakout): $485.44 or 3.4% above the close.Change YTD: -0.47%Volume: 2,245,700 shares. 3 month avg: 1,162,854 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 12/13/2023 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: Food ProcessingIndustry RS rank: 55 out of 60Stock RS rank: 387 out of 6221/18/24 close: $25.151 Month avg volatility: $0.61. Volatility stop (for downward breakout): $26.54 or 5.5% above the close.Change YTD: -4.19%Volume: 199,900 shares. 3 month avg: 288,512 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: Pipe top reversal pattern from 01/02/2024 to 01/08/2024Breakout 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: ApparelIndustry RS rank: 5 out of 60Stock RS rank: 2 out of 6221/18/24 close: $18.531 Month avg volatility: $0.67. Volatility stop (for downward breakout): $21.07 or 13.7% above the close.Change YTD: -11.38%Volume: 13,223,600 shares. 3 month avg: 5,662,882 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 12/11/2023 to 01/09/2024Breakout 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: ApparelIndustry RS rank: 5 out of 60Stock RS rank: 537 out of 6221/18/24 close: $3.961 Month avg volatility: $0.17. Volatility stop (for downward breakout): $4.35 or 9.8% above the close.Change YTD: -11.21%Volume: 5,845,000 shares. 3 month avg: 6,164,918 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 12/14/2023 to 01/12/2024Breakout 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: Telecom. EquipmentIndustry RS rank: 24 out of 60Stock RS rank: 570 out of 6221/18/24 close: $11.841 Month avg volatility: $0.44. Volatility stop (for downward breakout): $12.88 or 8.8% above the close.Change YTD: -9.20%Volume: 1,273,700 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: Head-and-shoulders top reversal pattern from 12/21/2023 to 01/08/2024WARNING: A dead-cat bounce occurred on 08/01/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 01/30/2024.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: Medical SuppliesIndustry RS rank: 54 out of 60Stock RS rank: 423 out of 6221/18/24 close: $74.251 Month avg volatility: $1.43. Volatility stop (for downward breakout): $77.12 or 3.9% above the close.Change YTD: -1.93%Volume: 852,500 shares. 3 month avg: 2,211,905 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 12/15/2023 to 01/09/2024Breakout 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: DrugWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 19 out of 60Stock RS rank: 379 out of 6221/18/24 close: $525.281 Month avg volatility: $11.36. Volatility stop (for downward breakout): $548.48 or 4.4% above the close.Change YTD: -5.36%Volume: 692,800 shares. 3 month avg: 512,494 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 top reversal pattern from 12/14/2023 to 01/12/2024Breakout 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: DrugWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 19 out of 60Stock RS rank: 351 out of 6221/18/24 close: $61.181 Month avg volatility: $1.64. Volatility stop (for downward breakout): $64.83 or 6.0% above the close.Change YTD: -2.56%Volume: 1,138,800 shares. 3 month avg: 1,771,434 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 01/02/2024 to 01/08/2024Breakout 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: Aerospace/DefenseIndustry RS rank: 22 out of 60Stock RS rank: 247 out of 6221/18/24 close: $205.731 Month avg volatility: $2.99. Volatility stop (for downward breakout): $212.04 or 3.1% above the close.Change YTD: -2.32%Volume: 675,600 shares. 3 month avg: 1,243,274 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, Eve and Eve reversal pattern from 12/20/2023 to 01/02/2024Breakout 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: Furn/Home FurnishingsIndustry RS rank: 1 out of 60Stock RS rank: 156 out of 6221/18/24 close: $34.481 Month avg volatility: $0.74. Volatility stop (for downward breakout): $36.39 or 5.5% above the close.Change YTD: -6.61%Volume: 323,300 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 Tuesday.Chart pattern: Head-and-shoulders top reversal pattern from 12/04/2023 to 01/10/2024Breakout 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: Food ProcessingIndustry RS rank: 55 out of 60Stock RS rank: 464 out of 6221/18/24 close: $173.241 Month avg volatility: $3.19. Volatility stop (for upward breakout): $162.94 or 6.0% below the close.Change YTD: 4.12%Volume: 114,200 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 Tuesday.Chart pattern: Double Bottom, Eve and Eve reversal pattern from 12/21/2023 to 01/05/2024Breakout 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: IT ServicesIndustry RS rank: 6 out of 60Stock RS rank: 234 out of 6221/18/24 close: $217.571 Month avg volatility: $4.31. Volatility stop (for upward breakout): $206.90 or 4.9% below the close.Change YTD: 1.04%Volume: 295,100 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: Pipe bottom reversal pattern from 01/08/2024 to 01/08/2024Breakout 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 (Diversified)Industry RS rank: 58 out of 60Stock RS rank: 517 out of 6221/18/24 close: $32.121 Month avg volatility: $0.93. Volatility stop (for downward breakout): $34.01 or 5.9% above the close.Change YTD: -10.10%Volume: 6,600,300 shares. 3 month avg: 3,876,172 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 top reversal pattern from 11/16/2023 to 01/03/2024Breakout 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: Household ProductsIndustry RS rank: 41 out of 60Stock RS rank: 549 out of 6221/18/24 close: $8.031 Month avg volatility: $0.31. Volatility stop (for downward breakout): $8.81 or 9.7% above the close.Change YTD: -7.49%Volume: 3,173,000 shares. 3 month avg: 7,205,206 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, Adam and Eve reversal pattern from 12/14/2023 to 01/09/2024Breakout 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: Electric Utility (Central)Industry RS rank: 53 out of 60Stock RS rank: 433 out of 6221/18/24 close: $25.651 Month avg volatility: $0.42. Volatility stop (for downward breakout): $26.71 or 4.2% above the close.Change YTD: -3.39%Volume: 4,339,400 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 Top, Adam and Adam reversal pattern from 12/14/2023 to 01/10/2024Breakout 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: AdvertisingIndustry RS rank: 52 out of 60Stock RS rank: 545 out of 6221/18/24 close: $13.091 Month avg volatility: $0.44. Volatility stop (for downward breakout): $14.22 or 8.7% above the close.Change YTD: -6.23%Volume: 1,900,700 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 12/27/2023 to 01/12/2024WARNING: A dead-cat bounce occurred on 08/04/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 02/02/2024.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: Electric Utility (West)Industry RS rank: 56 out of 60Stock RS rank: 392 out of 6221/18/24 close: $16.881 Month avg volatility: $0.31. Volatility stop (for downward breakout): $17.70 or 4.9% above the close.Change YTD: -6.38%Volume: 17,595,400 shares. 3 month avg: 5,870,049 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 complex top reversal pattern from 11/20/2023 to 01/10/2024Breakout 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: Electric Utility (West)Industry RS rank: 56 out of 60Stock RS rank: 522 out of 6221/18/24 close: $69.291 Month avg volatility: $1.28. Volatility stop (for downward breakout): $73.02 or 5.4% above the close.Change YTD: -3.55%Volume: 1,904,000 shares. 3 month avg: 750,734 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 01/02/2024 to 01/08/2024Breakout 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: 498 out of 6221/18/24 close: $40.561 Month avg volatility: $0.74. Volatility stop (for downward breakout): $42.08 or 3.8% above the close.Change YTD: -6.41%Volume: 1,081,900 shares. 3 month avg: 771,474 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 01/05/2024Breakout 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: Healthcare InformationIndustry RS rank: 42 out of 60Stock RS rank: 555 out of 6221/18/24 close: $22.091 Month avg volatility: $0.48. Volatility stop (for downward breakout): $23.08 or 4.5% above the close.Change YTD: -1.21%Volume: 730,000 shares. 3 month avg: 544,129 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: Triple top reversal pattern from 12/22/2023 to 01/08/2024Breakout 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: Medical ServicesIndustry RS rank: 37 out of 60Stock RS rank: 417 out of 6221/18/24 close: $134.231 Month avg volatility: $2.27. Volatility stop (for downward breakout): $139.17 or 3.7% above the close.Change YTD: -2.65%Volume: 701,300 shares. 3 month avg: 1,490,418 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: Pipe top reversal pattern from 01/02/2024 to 01/08/2024Breakout 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: Insurance (Prop/Casualty)Industry RS rank: 13 out of 60Stock RS rank: 237 out of 6221/18/24 close: $141.201 Month avg volatility: $2.05. Volatility stop (for upward breakout): $134.95 or 4.4% below the close.Change YTD: 6.07%Volume: 273,300 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: Ugly double bottom reversal pattern from 12/15/2023 to 01/09/2024Breakout 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: Trucking/Transp. LeasingIndustry RS rank: 33 out of 60Stock RS rank: 66 out of 6221/18/24 close: $111.621 Month avg volatility: $1.87. Volatility stop (for downward breakout): $115.40 or 3.4% above the close.Change YTD: -2.99%Volume: 151,500 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 12/18/2023 to 12/26/2023Breakout 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: Insurance (Prop/Casualty)Industry RS rank: 13 out of 60Stock RS rank: 209 out of 6221/18/24 close: $104.761 Month avg volatility: $1.56. Volatility stop (for upward breakout): $99.67 or 4.9% below the close.Change YTD: 5.31%Volume: 245,200 shares. 3 month avg: 158,554 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, Adam and Adam reversal pattern from 12/21/2023 to 01/09/2024Breakout 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: SemiconductorWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 20 out of 60Stock RS rank: 455 out of 6221/18/24 close: $166.911 Month avg volatility: $2.80. Volatility stop (for downward breakout): $172.98 or 3.6% above the close.Change YTD: -2.08%Volume: 6,582,800 shares. 3 month avg: 4,332,837 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: Head-and-shoulders top reversal pattern from 12/15/2023 to 01/09/2024Breakout 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: Healthcare InformationIndustry RS rank: 42 out of 60Stock RS rank: 317 out of 6221/18/24 close: $204.501 Month avg volatility: $4.29. Volatility stop (for upward breakout): $192.15 or 6.0% below the close.Change YTD: 6.22%Volume: 795,300 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: Pipe bottom reversal pattern from 11/06/2023 to 11/13/2023Breakout 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: Metals and Mining (Div.)Industry RS rank: 39 out of 60Stock RS rank: 248 out of 6221/18/24 close: $46.361 Month avg volatility: $1.05. Volatility stop (for downward breakout): $48.61 or 4.9% above the close.Change YTD: -6.04%Volume: 1,406,700 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: Head-and-shoulders top reversal pattern from 12/01/2023 to 01/12/2024Breakout 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: IT ServicesIndustry RS rank: 6 out of 60Stock RS rank: 166 out of 6221/18/24 close: $195.661 Month avg volatility: $2.17. Volatility stop (for upward breakout): $189.26 or 3.3% below the close.Change YTD: 1.65%Volume: 9,449,200 shares. 3 month avg: 9,531,718 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: Pipe bottom reversal pattern from 01/02/2024 to 01/08/2024Breakout 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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