As of 04/26/2024   Indus: 38,240 +153.86 +0.4%     Trans: 15,171 -126.01 -0.8%     Utils: 884 -10.33 -1.2%     Nasdaq: 15,928 +316.14 +2.0%     S&P 500: 5,100 +51.54 +1.0%	YTD  +1.5%   -4.6%    +0.3%    +6.1%    +6.9%	Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

As of 04/26/2024   Indus: 38,240 +153.86 +0.4%     Trans: 15,171 -126.01 -0.8%     Utils: 884 -10.33 -1.2%     Nasdaq: 15,928 +316.14 +2.0%     S&P 500: 5,100 +51.54 +1.0%	YTD  +1.5%   -4.6%    +0.3%    +6.1%    +6.9%
Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

Patterns for the Weekend Details

Copyright © 2021 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

Weekly screen for chart patterns ending between 04/15/2021 and 04/22/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Air Transport

Industry RS rank: 52 out of 59

Stock RS rank: 556 out of 575

4/22/21 close: $27.22

1 Month avg volatility: $0.88. Volatility stop (for downward breakout): $29.34 or 7.8% above the close.

Change YTD: -13.15%

Volume: 453,000 shares. 3 month avg: 530,657 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 complex top reversal pattern from 02/22/2021 to 04/16/2021

Breakout 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: Insurance (Prop/Casualty)

Industry RS rank: 20 out of 59

Stock RS rank: 264 out of 575

4/22/21 close: $39.64

1 Month avg volatility: $0.74. Volatility stop (for upward breakout): $37.94 or 4.3% below the close.

Change YTD: 9.90%

Volume: 1,042,900 shares. 3 month avg: 517,168 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: Scallop, ascending and inverted continuation pattern from 03/22/2021 to 04/20/2021

Breakout is upward 100% of the time.

Average rise: 43%.

Break-even failure rate: 4%.

Throwbacks occur 61% of the time.

Price hits measure rule target 61% of the time.

Industry: Chemical (Diversified)

Industry RS rank: 29 out of 59

Stock RS rank: 208 out of 575

4/22/21 close: $55.30

1 Month avg volatility: $1.26. Volatility stop (for upward breakout): $52.61 or 4.9% below the close.

Change YTD: 4.70%

Volume: 158,700 shares. 3 month avg: 204,463 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: Triangle, ascending reversal pattern from 03/25/2021 to 04/22/2021

Breakout is upward 70% of the time.

Average rise: 35%.

Break-even failure rate: 13%.

Throwbacks occur 57% of the time.

Price hits measure rule target 75% of the time.

Industry: Electronics

Industry RS rank: 15 out of 59

Stock RS rank: 380 out of 575

4/22/21 close: $8.11

1 Month avg volatility: $0.25. Volatility stop (for downward breakout): $8.70 or 7.2% above the close.

Change YTD: 0.50%

Volume: 229,700 shares. 3 month avg: 557,234 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: Triangle, descending reversal pattern from 02/01/2021 to 04/19/2021

Breakout is downward 64% of the time.

Average decline: 16%.

Break-even failure rate: 16%.

Pullbacks occur 54% of the time.

Price hits measure rule target 54% of the time.

Industry: Natural Gas (Distributor)

Industry RS rank: 16 out of 59

Stock RS rank: 4 out of 575

4/22/21 close: $10.08

1 Month avg volatility: $1.13. Volatility stop (for downward breakout): $13.06 or 29.5% above the close.

Change YTD: 28.24%

Volume: 7,426,300 shares. 3 month avg: 1,021,160 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Dead-cat bounce continuation pattern from 04/20/2021 to 04/20/2021

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Precision Instrument

Industry RS rank: 46 out of 59

Stock RS rank: 446 out of 575

4/22/21 close: $252.92

1 Month avg volatility: $4.64. Volatility stop (for upward breakout): $238.76 or 5.6% below the close.

Change YTD: 13.86%

Volume: 3,991,700 shares. 3 month avg: 2,378,355 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: Cup with handle continuation pattern from 02/16/2021 to 04/21/2021

Breakout 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: Computer Software and Svcs

Industry RS rank: 48 out of 59

Stock RS rank: 191 out of 575

4/22/21 close: $20.11

1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $18.62 or 7.4% below the close.

Change YTD: -12.79%

Volume: 3,424,000 shares. 3 month avg: 3,815,435 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: Triangle, symmetrical continuation pattern from 02/08/2021 to 04/22/2021

Breakout 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: Insurance (Life)

Industry RS rank: 19 out of 59

Stock RS rank: 339 out of 575

4/22/21 close: $102.11

1 Month avg volatility: $1.75. Volatility stop (for upward breakout): $97.76 or 4.3% below the close.

Change YTD: 7.53%

Volume: 538,700 shares. 3 month avg: 643,200 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: Scallop, ascending continuation pattern from 03/18/2021 to 04/21/2021

Breakout 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: Aerospace/Defense

Industry RS rank: 30 out of 59

Stock RS rank: 504 out of 575

4/22/21 close: $380.09

1 Month avg volatility: $6.02. Volatility stop (for upward breakout): $366.36 or 3.6% below the close.

Change YTD: 7.07%

Volume: 1,667,500 shares. 3 month avg: 1,022,062 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: Rounding bottom continuation pattern from 11/18/2020 to 04/16/2021

Breakout is upward 100% of the time.

Average rise: 43%.

Break-even failure rate: 5%.

Throwbacks occur 40% of the time.

Price hits measure rule target 57% of the time.

Industry: Advertising

Industry RS rank: 8 out of 59

Stock RS rank: 94 out of 575

4/22/21 close: $3.03

1 Month avg volatility: $0.14. Volatility stop (for upward breakout): $2.61 or 13.8% below the close.

Change YTD: 54.59%

Volume: 101,200 shares. 3 month avg: 97,160 shares.

This security may be thinly traded (less than 100k 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: Head-and-shoulders bottom reversal pattern from 03/30/2021 to 04/19/2021

Breakout is upward 100% of the time.

Average rise: 38%.

Break-even failure rate: 3%.

Throwbacks occur 45% of the time.

Price hits measure rule target 74% of the time.

Industry: Furn/Home Furnishings

Industry RS rank: 11 out of 59

Stock RS rank: 391 out of 575

4/22/21 close: $39.67

1 Month avg volatility: $1.45. Volatility stop (for downward breakout): $44.21 or 11.5% above the close.

Change YTD: 17.37%

Volume: 1,012,900 shares. 3 month avg: 361,806 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 top reversal pattern from 04/05/2021 to 04/12/2021

Breakout 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/Defense

Industry RS rank: 30 out of 59

Stock RS rank: 450 out of 575

4/22/21 close: $343.43

1 Month avg volatility: $4.69. Volatility stop (for upward breakout): $332.39 or 3.2% below the close.

Change YTD: 12.70%

Volume: 727,100 shares. 3 month avg: 756,831 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: Rounding bottom continuation pattern from 09/03/2020 to 04/16/2021

Breakout is upward 100% of the time.

Average rise: 43%.

Break-even failure rate: 5%.

Throwbacks occur 40% of the time.

Price hits measure rule target 57% of the time.

Industry: Retail Building Supply

Industry RS rank: 34 out of 59

Stock RS rank: 150 out of 575

4/22/21 close: $87.70

1 Month avg volatility: $3.49. Volatility stop (for upward breakout): $80.72 or 8.0% below the close.

Change YTD: 28.31%

Volume: 65,100 shares. 3 month avg: 94,083 shares.

This security may be thinly traded (less than 100k 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: Rectangle top continuation pattern from 04/01/2021 to 04/22/2021

Breakout is upward 68% of the time.

Average rise: 39%.

Break-even failure rate: 9%.

Throwbacks occur 64% of the time.

Price hits measure rule target 80% of the time.

Industry: Electric Utility (West)

Industry RS rank: 51 out of 59

Stock RS rank: 501 out of 575

4/22/21 close: $10.99

1 Month avg volatility: $0.34. Volatility stop (for downward breakout): $11.96 or 8.8% above the close.

Change YTD: -11.80%

Volume: 13,607,800 shares. 3 month avg: 5,870,049 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: Head-and-shoulders top reversal pattern from 03/16/2021 to 04/16/2021

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: Human Resources

Industry RS rank: 12 out of 59

Stock RS rank: 131 out of 575

4/22/21 close: $85.20

1 Month avg volatility: $1.78. Volatility stop (for upward breakout): $81.60 or 4.2% below the close.

Change YTD: 36.36%

Volume: 1,317,900 shares. 3 month avg: 1,012,069 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 02/23/2021 to 04/21/2021

Breakout 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: Cement and Aggregates

Industry RS rank: 17 out of 59

Stock RS rank: 151 out of 575

4/22/21 close: $28.66

1 Month avg volatility: $1.28. Volatility stop (for upward breakout): $26.01 or 9.3% below the close.

Change YTD: 42.73%

Volume: 766,000 shares. 3 month avg: 1,204,178 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: Triangle, symmetrical continuation pattern from 03/11/2021 to 04/16/2021

Breakout 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: Precision Instrument

Industry RS rank: 46 out of 59

Stock RS rank: 507 out of 575

4/22/21 close: $484.21

1 Month avg volatility: $9.62. Volatility stop (for upward breakout): $459.66 or 5.1% below the close.

Change YTD: 3.96%

Volume: 1,077,900 shares. 3 month avg: 1,572,766 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: Cup with handle continuation pattern from 02/16/2021 to 04/22/2021

Breakout 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: Medical Supplies

Industry RS rank: 44 out of 59

Stock RS rank: 402 out of 575

4/22/21 close: $358.40

1 Month avg volatility: $3.96. Volatility stop (for upward breakout): $348.96 or 2.6% below the close.

Change YTD: 9.50%

Volume: 144,100 shares. 3 month avg: 82,220 shares.

This security may be thinly traded (less than 100k 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: Cup with handle continuation pattern from 02/16/2021 to 04/20/2021

Breakout 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.

 

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