As of 09/06/2024
Indus: 40,345 -410.34 -1.0%
Trans: 15,427 -190.44 -1.2%
Utils: 1,029 -7.87 -0.8%
Nasdaq: 16,691 -436.83 -2.6%
S&P 500: 5,408 -94.99 -1.7%
|
YTD
+7.0%
-3.0%
+16.7%
+11.2%
+13.4%
|
42,000 or 39,500 by 09/15/2024
16,200 or 15,300 by 09/15/2024
1,100 or 1,000 by 09/15/2024
18,400 or 16,650 by 09/15/2024
5,750 or 5,375 by 09/15/2024
|
As of 09/06/2024
Indus: 40,345 -410.34 -1.0%
Trans: 15,427 -190.44 -1.2%
Utils: 1,029 -7.87 -0.8%
Nasdaq: 16,691 -436.83 -2.6%
S&P 500: 5,408 -94.99 -1.7%
|
YTD
+7.0%
-3.0%
+16.7%
+11.2%
+13.4%
| |
42,000 or 39,500 by 09/15/2024
16,200 or 15,300 by 09/15/2024
1,100 or 1,000 by 09/15/2024
18,400 or 16,650 by 09/15/2024
5,750 or 5,375 by 09/15/2024
| ||
Released 3/17/2021.
A throwback happens frequently among chart patterns. After an upward breakout from a chart pattern, price rises for a handful of days before beginning to retrace. The retrace often takes the stock back down to the breakout price (or it comes close). After that, the stock usually resumes its upward rise.
In the following charts, the numbers are median values, meaning I report on the middle number in a sorted list of numbers. The results are based on research using 463 stocks and data from July 1992 to October 2020, but not all stocks covered the entire range. I found 12,711 chart patterns, with 8,333 of them having throwbacks. I used 26 varieties of chart patterns in the search.
Because the numbers are recent and based on median values instead of averages, the results in this article may differ from other articles on this website. Time is measured in calendar not trading days.
Let's take a closer look at throwbacks and see if we can figure out how to use them to trade better.
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
|