As of 09/18/2024
Indus: 41,503 -103.08 -0.2%
Trans: 16,071 +57.68 +0.4%
Utils: 1,050 -9.27 -0.9%
Nasdaq: 17,573 -54.76 -0.3%
S&P 500: 5,618 -16.32 -0.3%
|
YTD
+10.1%
+1.1%
+19.1%
+17.1%
+17.8%
|
 42,000 or 40,100 by 10/01/202416,200 or 15,300 by 10/01/20241,100 or 1,000 by 10/01/202418,400 or 16,650 by 10/01/20245,750 or 5,400 by 10/01/2024 |
As of 09/18/2024
Indus: 41,503 -103.08 -0.2%
Trans: 16,071 +57.68 +0.4%
Utils: 1,050 -9.27 -0.9%
Nasdaq: 17,573 -54.76 -0.3%
S&P 500: 5,618 -16.32 -0.3%
|
YTD
+10.1%
+1.1%
+19.1%
+17.1%
+17.8%
| |
|
42,000 or 40,100 by 10/01/202416,200 or 15,300 by 10/01/20241,100 or 1,000 by 10/01/202418,400 or 16,650 by 10/01/20245,750 or 5,400 by 10/01/2024 | ||
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: Computer Software and SvcsIndustry RS rank: 56 out of 60Stock RS rank: 540 out of 6168/15/24 close: $60.321 Month avg volatility: $2.04. Volatility stop (for upward breakout): $55.88 or 7.4% below the close.Change YTD: -6.65%Volume: 419,700 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: Broadening bottom reversal pattern from 04/09/2024 to 08/12/2024Breakout 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 (Prop/Casualty)Industry RS rank: 29 out of 60Stock RS rank: 315 out of 6168/15/24 close: $73.421 Month avg volatility: $1.82. Volatility stop (for downward breakout): $77.99 or 6.2% above the close.Change YTD: 8.37%Volume: 2,971,500 shares. 3 month avg: 5,185,998 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 Adam reversal pattern from 07/18/2024 to 07/30/2024Breakout 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: 56 out of 60Stock RS rank: 484 out of 6168/15/24 close: $280.121 Month avg volatility: $10.20. Volatility stop (for upward breakout): $254.66 or 9.1% below the close.Change YTD: 2.85%Volume: 1,708,100 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 07/29/2024 to 08/05/2024Breakout 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: Information ServicesIndustry RS rank: 45 out of 60Stock RS rank: 576 out of 6168/15/24 close: $55.501 Month avg volatility: $2.29. Volatility stop (for upward breakout): $50.43 or 9.1% below the close.Change YTD: -17.31%Volume: 1,155,000 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 Adam reversal pattern from 08/05/2024 to 08/12/2024Breakout 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: Metal FabricatingIndustry RS rank: 27 out of 60Stock RS rank: 343 out of 6168/15/24 close: $34.281 Month avg volatility: $1.38. Volatility stop (for downward breakout): $37.32 or 8.9% above the close.Change YTD: 8.62%Volume: 35,500 shares. 3 month avg: 11,408 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: Diamond top reversal pattern from 07/16/2024 to 08/14/2024Breakout 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: NoneIndustry RS rank: 15 out of 608/15/24 close: $40,563.061 Month avg volatility: $502.99. Volatility stop (for downward breakout): $41,596.48 or 2.6% above the close.Change YTD: 7.62%Volume: 0 shares. Could not calculate the 3 month avg volume.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, Adam and Adam reversal pattern from 07/18/2024 to 07/31/2024Breakout 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 (East)Industry RS rank: 3 out of 60Stock RS rank: 178 out of 6168/15/24 close: $42.321 Month avg volatility: $0.70. Volatility stop (for upward breakout): $40.30 or 4.8% below the close.Change YTD: 15.44%Volume: 3,138,700 shares. 3 month avg: 4,155,280 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: Scallop, ascending continuation pattern from 06/03/2024 to 08/02/2024Breakout is upward 80% of the time.Average rise: 31%.Break-even failure rate: 10%.Throwbacks occur 58% of the time.Price hits measure rule target 58% of the time.
Industry: Computer Software and SvcsIndustry RS rank: 56 out of 60Stock RS rank: 612 out of 6168/15/24 close: $33.451 Month avg volatility: $2.01. Volatility stop (for downward breakout): $37.57 or 12.3% above the close.Change YTD: -57.49%Volume: 1,742,700 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: Dead-cat bounce continuation pattern from 08/09/2024 to 08/09/2024Breakout is downward 67% of the time.Average decline: 18%.
Industry: SemiconductorWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 20 out of 60Stock RS rank: 165 out of 6168/15/24 close: $49.121 Month avg volatility: $2.96. Volatility stop (for downward breakout): $55.23 or 12.4% above the close.Change YTD: 17.77%Volume: 464,100 shares. 3 month avg: 748,688 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: Double Top, Adam and Eve reversal pattern from 05/23/2024 to 07/08/2024Breakout 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: Aerospace/DefenseIndustry RS rank: 14 out of 60Stock RS rank: 247 out of 6168/15/24 close: $295.951 Month avg volatility: $5.37. Volatility stop (for downward breakout): $307.06 or 3.8% above the close.Change YTD: 13.97%Volume: 888,000 shares. 3 month avg: 1,076,035 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 07/17/2024 to 08/14/2024Breakout 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: Computer Software and SvcsIndustry RS rank: 56 out of 60Stock RS rank: 572 out of 6168/15/24 close: $108.781 Month avg volatility: $2.83. Volatility stop (for upward breakout): $101.06 or 7.1% below the close.Change YTD: -14.35%Volume: 2,932,300 shares. 3 month avg: 1,112,569 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 07/29/2024 to 08/05/2024Breakout 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: ApparelIndustry RS rank: 44 out of 60Stock RS rank: 453 out of 6168/15/24 close: $22.451 Month avg volatility: $0.67. Volatility stop (for downward breakout): $23.98 or 6.8% above the close.Change YTD: -2.65%Volume: 542,500 shares. 3 month avg: 1,269,442 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: Horn top reversal pattern from 07/15/2024 to 07/29/2024Breakout 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.
Industry: Electric Utility (West)Industry RS rank: 7 out of 60Stock RS rank: 274 out of 6168/15/24 close: $13.511 Month avg volatility: $1.05. Volatility stop (for downward breakout): $15.99 or 18.3% above the close.Change YTD: -4.79%Volume: 2,316,900 shares. 3 month avg: 463,472 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: Dead-cat bounce continuation pattern from 08/12/2024 to 08/12/2024Breakout is downward 67% of the time.Average decline: 18%.
Industry: DrugWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 34 out of 60Stock RS rank: 539 out of 6168/15/24 close: $485.521 Month avg volatility: $15.32. Volatility stop (for upward breakout): $443.55 or 8.7% below the close.Change YTD: -12.53%Volume: 614,700 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: Broadening bottom reversal pattern from 07/19/2024 to 08/13/2024Breakout 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: Air TransportIndustry RS rank: 54 out of 60Stock RS rank: 599 out of 6168/15/24 close: $4.681 Month avg volatility: $0.38. Volatility stop (for downward breakout): $5.55 or 18.6% above the close.Change YTD: -15.68%Volume: 18,181,200 shares. 3 month avg: 6,141,268 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: Dead-cat bounce continuation pattern from 08/12/2024 to 08/12/2024Breakout is downward 67% of the time.Average decline: 18%.
Industry: Metal FabricatingIndustry RS rank: 27 out of 60Stock RS rank: 370 out of 6168/15/24 close: $25.001 Month avg volatility: $0.77. Volatility stop (for downward breakout): $26.82 or 7.3% above the close.Change YTD: -3.06%Volume: 919,300 shares. 3 month avg: 854,403 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: Diamond top reversal pattern from 07/16/2024 to 08/15/2024Breakout 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: Furn/Home FurnishingsIndustry RS rank: 51 out of 60Stock RS rank: 395 out of 6168/15/24 close: $29.221 Month avg volatility: $1.05. Volatility stop (for upward breakout): $26.57 or 9.1% below the close.Change YTD: 9.52%Volume: 315,700 shares. 3 month avg: 361,806 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 Bottom, Adam and Adam reversal pattern from 08/05/2024 to 08/12/2024WARNING: A dead-cat bounce occurred on 03/28/2024. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 09/26/2024.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.
Industry: Electric Utility (East)Industry RS rank: 3 out of 60Stock RS rank: 25 out of 6168/15/24 close: $77.411 Month avg volatility: $1.67. Volatility stop (for upward breakout): $73.79 or 4.7% below the close.Change YTD: 27.44%Volume: 5,883,900 shares. 3 month avg: 6,704,131 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: Cup with handle continuation pattern from 05/31/2024 to 08/02/2024Breakout is upward 100% of the time.Average rise: 34%.Break-even failure rate: 5%.Throwbacks occur 58% of the time.Price hits measure rule target 50% of the time.
Industry: ShoeIndustry RS rank: 12 out of 60Stock RS rank: 573 out of 6168/15/24 close: $82.501 Month avg volatility: $1.67. Volatility stop (for upward breakout): $77.32 or 6.3% below the close.Change YTD: -24.01%Volume: 22,781,500 shares. 3 month avg: 7,684,068 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: Triple bottom reversal pattern from 07/15/2024 to 08/05/2024WARNING: A dead-cat bounce occurred on 06/28/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 09/27/2024 and a 38% chance by 12/27/2024.Breakout 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: E-CommerceIndustry RS rank: 38 out of 60Stock RS rank: 516 out of 6168/15/24 close: $51.891 Month avg volatility: $1.55. Volatility stop (for upward breakout): $48.65 or 6.2% below the close.Change YTD: 8.81%Volume: 1,385,200 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: Pipe bottom reversal pattern from 07/29/2024 to 08/05/2024WARNING: A dead-cat bounce occurred on 05/30/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 08/29/2024 and a 38% chance by 11/28/2024.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: Petroleum (Producing)Industry RS rank: 25 out of 60Stock RS rank: 398 out of 6168/15/24 close: $57.811 Month avg volatility: $1.23. Volatility stop (for downward breakout): $60.40 or 4.5% above the close.Change YTD: -3.18%Volume: 10,179,300 shares. 3 month avg: 12,583,708 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, Eve and Adam reversal pattern from 06/24/2024 to 07/18/2024Breakout 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: Computer Software and SvcsIndustry RS rank: 56 out of 60Stock RS rank: 482 out of 6168/15/24 close: $343.271 Month avg volatility: $10.21. Volatility stop (for upward breakout): $319.68 or 6.9% below the close.Change YTD: 16.41%Volume: 3,175,400 shares. 3 month avg: 1,496,697 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 07/29/2024 to 08/05/2024WARNING: A dead-cat bounce occurred on 02/21/2024. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 08/21/2024.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: Healthcare InformationIndustry RS rank: 55 out of 60Stock RS rank: 483 out of 6168/15/24 close: $20.011 Month avg volatility: $0.45. Volatility stop (for downward breakout): $20.97 or 4.8% above the close.Change YTD: -10.51%Volume: 508,100 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: Roof, inverted reversal pattern from 08/06/2024 to 08/15/2024Breakout is downward 50% of the time.Average decline: 17%.Break-even failure rate: 10%.Pullbacks occur 56% of the time.Price hits measure rule target 73% of the time.
Industry: Toiletries/CosmeticsIndustry RS rank: 60 out of 60Stock RS rank: 1 out of 6168/15/24 close: $24.141 Month avg volatility: $2.97. Volatility stop (for downward breakout): $30.76 or 27.4% above the close.Change YTD: 155.45%Volume: 52,900 shares. 3 month avg: 193,511 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 top reversal pattern from 07/22/2024 to 07/29/2024Breakout 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: Packaging and ContainerIndustry RS rank: 22 out of 60Stock RS rank: 504 out of 6168/15/24 close: $32.621 Month avg volatility: $1.20. Volatility stop (for downward breakout): $35.46 or 8.7% above the close.Change YTD: -10.68%Volume: 2,285,900 shares. 3 month avg: 2,419,223 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 Adam reversal pattern from 07/31/2024 to 08/08/2024Breakout 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: Building MaterialsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 47 out of 60Stock RS rank: 590 out of 6168/15/24 close: $63.751 Month avg volatility: $2.89. Volatility stop (for downward breakout): $70.07 or 9.9% above the close.Change YTD: -23.00%Volume: 1,677,800 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: Double Top, Eve and Eve reversal pattern from 07/18/2024 to 07/31/2024WARNING: A dead-cat bounce occurred on 08/07/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/06/2024 and a 38% chance by 02/05/2025.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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