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Bulkowski on Scoring Diamond Tops and Bottoms

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Busted
Patterns
Candles Chart
Patterns
Event
Patterns
Small Patterns
As of 11/20/2024
  Indus: 43,408 +139.53 +0.3%  
  Trans: 17,002 -26.31 -0.2%  
  Utils: 1,055 +1.25 +0.1%  
  Nasdaq: 18,966 -21.33 -0.1%  
  S&P 500: 5,917 +0.13 +0.0%  
YTD
 +15.2%  
 +6.9%  
 +19.7%  
 +26.3%  
 +24.1%  
  Targets    Overview: 11/12/2024  
  Up arrow46,000 or 43,000 by 12/01/2024
  Up arrow18,000 or 16,600 by 12/01/2024
  Up arrow1,075 or 1,000 by 12/01/2024
  Up arrow20,000 or 18,400 by 12/01/2024
  Up arrow6,100 or 5,800 by 12/01/2024
As of 11/20/2024
  Indus: 43,408 +139.53 +0.3%  
  Trans: 17,002 -26.31 -0.2%  
  Utils: 1,055 +1.25 +0.1%  
  Nasdaq: 18,966 -21.33 -0.1%  
  S&P 500: 5,917 +0.13 +0.0%  
YTD
 +15.2%  
 +6.9%  
 +19.7%  
 +26.3%  
 +24.1%  
  Targets    Overview: 11/12/2024  
  Up arrow46,000 or 43,000 by 12/01/2024
  Up arrow18,000 or 16,600 by 12/01/2024
  Up arrow1,075 or 1,000 by 12/01/2024
  Up arrow20,000 or 18,400 by 12/01/2024
  Up arrow6,100 or 5,800 by 12/01/2024

Written by and copyright © 2005-2024 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners.

My book, Trading Classic Chart PatternsTrading Classic Chart Patterns book., pictured on the right, has additional details on this scoring system.

If you click on this link and then buy the book (or anything) at Amazon.com, the referral will help support this site. Thanks. -- Tom Bulkowski

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This page scores diamond tops and diamond bottoms chart patterns with downward breakouts only. Patterns with scores above 0 show declines averaging 28%. Scores below 0 show declines of 13%. High scores do not guarantee good performance, nor does a low score mean you found a stinker.

 

Scoring for Diamond Tops and Bottoms

Please provide the following information:

Breakout direction...
Down (only downward breakouts are scored)

What is the highest price in the chart pattern?

What is the lowest price in the chart pattern?

What is the highest price for the stock over the last 52 weeks?

What is the lowest price for the stock over the last 52 weeks?

How many shares of stock are outstanding?

What is the (anticipated) breakout price (use trendline pierce price)?

Trend start: How long is the price trend leading to the start of the chart pattern?
0-3 months 3-6 months Over 6 months

Horizontal consolidation region: Is underlying support in the way of price movement?
Yes No

Pullbacks: Do you think a pullback will occur (usually answer Yes)?
Yes No

Gaps: Did a gap occur on the breakout (if no breakout yet, answer No)?
Yes No

Market trend: Is the general market trending up or down?
Up Down


-- Thomas Bulkowski

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Enter Symbol

Chart Quote
This loads yahoo!finance then use the Key Statistics link to find the 52-week high, low, and shares outstanding.

See Also

Written by and copyright © 2005-2024 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners. You never know how many friends you have until you rent a house on the beach.