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 01/07/2021 and 01/14/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Insurance (Diversified)

Industry RS rank: 42 out of 59

Stock RS rank: 497 out of 576

1/14/21 close: $206.62

1 Month avg volatility: $4.86. Volatility stop (for upward breakout): $193.82 or 6.2% below the close.

Change YTD: -2.20%

Volume: 1,404,400 shares. 3 month avg: 1,174,512 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: Scallop, ascending and inverted continuation pattern from 11/04/2020 to 01/14/2021

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: Retail (Special Lines)

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 4 out of 59

Stock RS rank: 1 out of 576

1/14/21 close: $39.91

1 Month avg volatility: $2.75. Volatility stop (for upward breakout): $27.55 or 31.0% below the close.

Change YTD: 111.84%

Volume: 91,811,700 shares. 3 month avg: 3,063,175 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: Flag, high and tight continuation pattern from 11/16/2020 to 01/14/2021

WARNING: A dead-cat bounce occurred on 12/09/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 03/10/2021 and a 38% chance by 06/09/2021.

Breakout is upward 100% of the time.

Average rise: 69%.

Throwbacks occur 54% of the time.

Price hits measure rule target 90% of the time.

Industry: Semiconductor Cap Equip.

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 3 out of 59

Stock RS rank: 80 out of 576

1/14/21 close: $557.79

1 Month avg volatility: $14.21. Volatility stop (for upward breakout): $513.93 or 7.9% below the close.

Change YTD: 18.11%

Volume: 2,001,000 shares. 3 month avg: 2,565,394 shares.

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

 

Chart pattern: Scallop, ascending continuation pattern from 12/15/2020 to 01/14/2021

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: Furn/Home Furnishings

Industry RS rank: 17 out of 59

Stock RS rank: 374 out of 576

1/14/21 close: $43.99

1 Month avg volatility: $1.27. Volatility stop (for upward breakout): $41.15 or 6.5% below the close.

Change YTD: -0.70%

Volume: 841,400 shares. 3 month avg: 981,391 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 08/10/2020 to 01/14/2021

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: Furn/Home Furnishings

Industry RS rank: 17 out of 59

Stock RS rank: 98 out of 576

1/14/21 close: $35.92

1 Month avg volatility: $1.45. Volatility stop (for downward breakout): $39.23 or 9.2% above the close.

Change YTD: 6.27%

Volume: 591,100 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: Scallop, descending continuation pattern from 12/16/2020 to 01/14/2021

Breakout is downward 66% of the time.

Average decline: 17%.

Break-even failure rate: 15%.

Pullbacks occur 55% of the time.

Price hits measure rule target 30% of the time.

Industry: Human Resources

Industry RS rank: 15 out of 59

Stock RS rank: 225 out of 576

1/14/21 close: $90.88

1 Month avg volatility: $2.27. Volatility stop (for upward breakout): $85.74 or 5.7% below the close.

Change YTD: 8.80%

Volume: 162,900 shares. 3 month avg: 295,840 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 bottom reversal pattern from 12/21/2020 to 01/04/2021

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 9%.

Throwbacks occur 29% of the time.

Price hits measure rule target 76% of the time.

Industry: E-Commerce

Industry RS rank: 52 out of 59

Stock RS rank: 464 out of 576

1/14/21 close: $46.40

1 Month avg volatility: $0.79. Volatility stop (for upward breakout): $43.50 or 6.2% below the close.

Change YTD: 2.07%

Volume: 579,900 shares. 3 month avg: 520,157 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: Double Bottom, Adam and Adam reversal pattern from 12/21/2020 to 01/12/2021

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: Advertising

Industry RS rank: 28 out of 59

Stock RS rank: 213 out of 576

1/14/21 close: $18.93

1 Month avg volatility: $0.78. Volatility stop (for upward breakout): $17.08 or 9.8% below the close.

Change YTD: -3.22%

Volume: 1,096,800 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: Rectangle top continuation pattern from 11/24/2020 to 01/14/2021

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: Medical Supplies

Industry RS rank: 33 out of 59

Stock RS rank: 203 out of 576

1/14/21 close: $33.67

1 Month avg volatility: $1.14. Volatility stop (for upward breakout): $30.32 or 10.0% below the close.

Change YTD: 13.63%

Volume: 713,300 shares. 3 month avg: 1,885,975 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 12/28/2020 to 01/04/2021

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: Chemical (Basic)

Industry RS rank: 19 out of 59

Stock RS rank: 338 out of 576

1/14/21 close: $718.78

1 Month avg volatility: $12.44. Volatility stop (for upward breakout): $691.62 or 3.8% below the close.

Change YTD: -2.19%

Volume: 406,800 shares. 3 month avg: 564,294 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 12/09/2020 to 01/14/2021

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: Diversified Co.

Industry RS rank: 45 out of 59

Stock RS rank: 135 out of 576

1/14/21 close: $85.03

1 Month avg volatility: $2.75. Volatility stop (for upward breakout): $78.11 or 8.1% below the close.

Change YTD: 9.69%

Volume: 48,500 shares. 3 month avg: 37,109 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 Thursday.

 

Chart pattern: Pennant continuation pattern from 01/06/2021 to 01/13/2021

Breakout is upward 61% of the time.

Average rise: 25%.

Break-even failure rate: 2%.

Throwbacks occur 47% of the time.

Price hits measure rule target 60% of the time.

Industry: Computer Software and Svcs

Industry RS rank: 32 out of 59

Stock RS rank: 218 out of 576

1/14/21 close: $257.91

1 Month avg volatility: $5.86. Volatility stop (for downward breakout): $272.21 or 5.5% above the close.

Change YTD: -0.51%

Volume: 562,700 shares. 3 month avg: 998,728 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: Diamond top reversal pattern from 12/22/2020 to 01/14/2021

Breakout 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: Financial Services

Industry RS rank: 35 out of 59

Stock RS rank: 520 out of 576

1/14/21 close: $21.66

1 Month avg volatility: $0.53. Volatility stop (for downward breakout): $23.66 or 9.2% above the close.

Change YTD: -1.28%

Volume: 5,773,800 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 top, right-angled and ascending reversal pattern from 11/25/2020 to 01/14/2021

Breakout is downward 66% of the time.

Average decline: 15%.

Break-even failure rate: 20%.

Pullbacks occur 65% of the time.

Price hits measure rule target 32% of the time.

Industry: Natural Gas (Distributor)

Industry RS rank: 50 out of 59

Stock RS rank: 415 out of 576

1/14/21 close: $22.69

1 Month avg volatility: $0.62. Volatility stop (for upward breakout): $21.02 or 7.4% below the close.

Change YTD: 13.17%

Volume: 15,295,500 shares. 3 month avg: 4,990,974 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: Pipe bottom reversal pattern from 12/28/2020 to 01/04/2021

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: Retail (Special Lines)

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 4 out of 59

Stock RS rank: 129 out of 576

1/14/21 close: $125.13

1 Month avg volatility: $3.81. Volatility stop (for upward breakout): $112.15 or 10.4% below the close.

Change YTD: 22.87%

Volume: 1,697,700 shares. 3 month avg: 1,925,938 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: Pipe bottom reversal pattern from 12/28/2020 to 01/04/2021

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.

 

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