As of 12/02/2024
Indus: 44,782 -128.65 -0.3%
Trans: 17,545 -73.73 -0.4%
Utils: 1,057 -21.90 -2.0%
Nasdaq: 19,404 +185.78 +1.0%
S&P 500: 6,047 +14.77 +0.2%
|
YTD
+18.8%
+10.4%
+19.9%
+29.3%
+26.8%
|
44,000 or 46,000 by 12/15/2024
17,025 or 18,000 by 12/15/2024
1,025 or 1,100 by 12/15/2024
20,000 or 18,500 by 12/15/2024
6,200 or 5,900 by 12/15/2024
|
As of 12/02/2024
Indus: 44,782 -128.65 -0.3%
Trans: 17,545 -73.73 -0.4%
Utils: 1,057 -21.90 -2.0%
Nasdaq: 19,404 +185.78 +1.0%
S&P 500: 6,047 +14.77 +0.2%
|
YTD
+18.8%
+10.4%
+19.9%
+29.3%
+26.8%
| |
44,000 or 46,000 by 12/15/2024
17,025 or 18,000 by 12/15/2024
1,025 or 1,100 by 12/15/2024
20,000 or 18,500 by 12/15/2024
6,200 or 5,900 by 12/15/2024
| ||
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.
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