As of 05/06/2024
Indus: 38,852 +176.59 +0.5%
Trans: 15,381 +32.47 +0.2%
Utils: 918 +4.04 +0.4%
Nasdaq: 16,349 +192.92 +1.2%
S&P 500: 5,181 +52.95 +1.0%
|
YTD
+3.1%
-3.3%
+4.2%
+8.9%
+8.6%
|
 39,325 or 37,000 by 05/15/202415,820 or 14,600 by 05/15/2024925 or 865 by 05/15/202416,700 or 15,200 by 05/15/20245,250 or 4,850 by 05/15/2024 |
As of 05/06/2024
Indus: 38,852 +176.59 +0.5%
Trans: 15,381 +32.47 +0.2%
Utils: 918 +4.04 +0.4%
Nasdaq: 16,349 +192.92 +1.2%
S&P 500: 5,181 +52.95 +1.0%
|
YTD
+3.1%
-3.3%
+4.2%
+8.9%
+8.6%
| |
|
39,325 or 37,000 by 05/15/202415,820 or 14,600 by 05/15/2024925 or 865 by 05/15/202416,700 or 15,200 by 05/15/20245,250 or 4,850 by 05/15/2024 | ||
Copyright © 2022 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.
Weekly screen for chart patterns found in the last week. Many may be still in development. If no securities appear, then I have not identified any new patterns.
Industry: SemiconductorWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 48 out of 60Stock RS rank: 487 out of 5645/19/22 close: $96.671 Month avg volatility: $5.71. Volatility stop (for upward breakout): $83.66 or 13.5% below the close.Change YTD: -32.82%Volume: 141,198,300 shares. 3 month avg: 61,894,658 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: Double Bottom, Eve and Adam reversal pattern from 04/27/2022 to 05/12/2022Breakout is upward 100% of the time.Average rise: 35%.Break-even failure rate: 4%.Throwbacks occur 57% of the time.Price hits measure rule target 66% of the time.
Industry: Electric Utility (Central)Industry RS rank: 7 out of 60Stock RS rank: 67 out of 5645/19/22 close: $99.041 Month avg volatility: $2.42. Volatility stop (for downward breakout): $104.43 or 5.5% above the close.Change YTD: 11.32%Volume: 2,748,100 shares. 3 month avg: 2,150,485 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.Chart pattern: Triangle, descending reversal pattern from 04/21/2022 to 05/19/2022Breakout 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: Semiconductor Cap Equip.WARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 46 out of 60Stock RS rank: 444 out of 5645/19/22 close: $110.741 Month avg volatility: $4.80. Volatility stop (for upward breakout): $100.61 or 9.2% below the close.Change YTD: -29.63%Volume: 9,665,900 shares. 3 month avg: 11,583,771 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: Broadening wedge, descending reversal pattern from 04/11/2022 to 05/17/2022Breakout is upward 79% of the time.Average rise: 33%.Break-even failure rate: 6%.Throwbacks occur 53% of the time.Price hits measure rule target 79% of the time.
Industry: Insurance (Life)Industry RS rank: 14 out of 60Stock RS rank: 138 out of 5645/19/22 close: $56.141 Month avg volatility: $1.79. Volatility stop (for upward breakout): $51.56 or 8.2% below the close.Change YTD: 11.83%Volume: 345,600 shares. 3 month avg: 1,068,715 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: Diamond bottom reversal pattern from 04/26/2022 to 05/18/2022Breakout is upward 69% of the time.Average rise: 36%.Break-even failure rate: 4%.Throwbacks occur 53% of the time.Price hits measure rule target 81% of the time.
Industry: DrugWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 22 out of 60Stock RS rank: 41 out of 5645/19/22 close: $75.961 Month avg volatility: $1.55. Volatility stop (for upward breakout): $72.59 or 4.4% below the close.Change YTD: 21.83%Volume: 14,667,100 shares. 3 month avg: 5,378,746 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: Triangle, symmetrical continuation pattern from 04/21/2022 to 05/16/2022Breakout 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: Metals and Mining (Div.)Industry RS rank: 16 out of 60Stock RS rank: 286 out of 5645/19/22 close: $12.121 Month avg volatility: $1.24. Volatility stop (for downward breakout): $14.84 or 22.4% above the close.Change YTD: -26.81%Volume: 2,212,400 shares. 3 month avg: 2,285,742 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: Horn top reversal pattern from 03/21/2022 to 04/04/2022Breakout is downward 100% of the time.Average decline: 21%.Break-even failure rate: 7%.Pullbacks occur 33% of the time.Price hits measure rule target 70% of the time.
Industry: Chemical (Basic)Industry RS rank: 18 out of 60Stock RS rank: 13 out of 5645/19/22 close: $100.351 Month avg volatility: $5.84. Volatility stop (for upward breakout): $85.87 or 14.4% below the close.Change YTD: 41.78%Volume: 3,013,800 shares. 3 month avg: 3,754,700 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 04/25/2022 to 05/09/2022Breakout 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: Food ProcessingIndustry RS rank: 9 out of 60Stock RS rank: 152 out of 5645/19/22 close: $31.741 Month avg volatility: $0.93. Volatility stop (for downward breakout): $33.94 or 6.9% above the close.Change YTD: -7.06%Volume: 5,197,400 shares. 3 month avg: 3,423,360 shares.Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.Chart pattern: Double Top, Eve and Adam reversal pattern from 04/21/2022 to 05/10/2022Breakout is downward 100% of the time.Average decline: 15%.Break-even failure rate: 13%.Pullbacks occur 64% of the time.Price hits measure rule target 72% of the time.
Industry: ElectronicsIndustry RS rank: 28 out of 60Stock RS rank: 155 out of 5645/19/22 close: $37.901 Month avg volatility: $1.35. Volatility stop (for upward breakout): $34.80 or 8.2% below the close.Change YTD: 3.21%Volume: 206,700 shares. 3 month avg: 73,662 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 Wednesday.Chart pattern: Ugly double bottom reversal pattern from 04/27/2022 to 05/12/2022Breakout is upward 100% of the time.Average rise: 34%.Break-even failure rate: 8%.Throwbacks occur 59% of the time.Price hits measure rule target 76% of the time.
Industry: Electric Utility (East)Industry RS rank: 11 out of 60Stock RS rank: 253 out of 5645/19/22 close: $47.351 Month avg volatility: $1.20. Volatility stop (for upward breakout): $44.01 or 7.1% below the close.Change YTD: -18.02%Volume: 5,820,200 shares. 3 month avg: 5,244,875 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: Diamond bottom reversal pattern from 05/03/2022 to 05/18/2022WARNING: A dead-cat bounce occurred on 02/02/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 08/03/2022.Breakout is upward 69% of the time.Average rise: 36%.Break-even failure rate: 4%.Throwbacks occur 53% of the time.Price hits measure rule target 81% of the time.
Industry: Computer Software and SvcsIndustry RS rank: 53 out of 60Stock RS rank: 258 out of 5645/19/22 close: $97.171 Month avg volatility: $3.51. Volatility stop (for downward breakout): $105.95 or 9.0% above the close.Change YTD: -10.98%Volume: 2,006,600 shares. 3 month avg: 1,473,917 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: Double Top, Adam and Eve reversal pattern from 04/05/2022 to 04/20/2022Breakout is downward 100% of the time.Average decline: 18%.Break-even failure rate: 14%.Pullbacks occur 59% of the time.Price hits measure rule target 69% of the time.
Industry: Computer Software and SvcsIndustry RS rank: 53 out of 60Stock RS rank: 508 out of 5645/19/22 close: $97.941 Month avg volatility: $7.43. Volatility stop (for downward breakout): $115.13 or 17.6% above the close.Change YTD: -28.68%Volume: 1,228,900 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.Chart pattern: Triple top reversal pattern from 04/04/2022 to 05/03/2022Breakout is downward 100% of the time.Average decline: 19%.Break-even failure rate: 10%.Pullbacks occur 61% of the time.Price hits measure rule target 40% of the time.
Industry: Food ProcessingIndustry RS rank: 9 out of 60Stock RS rank: 136 out of 5645/19/22 close: $66.131 Month avg volatility: $1.69. Volatility stop (for downward breakout): $70.10 or 6.0% above the close.Change YTD: -1.86%Volume: 4,329,400 shares. 3 month avg: 4,139,065 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.Chart pattern: Triple top reversal pattern from 04/21/2022 to 05/16/2022Breakout is downward 100% of the time.Average decline: 19%.Break-even failure rate: 10%.Pullbacks occur 61% of the time.Price hits measure rule target 40% of the time.
Industry: Food ProcessingIndustry RS rank: 9 out of 60Stock RS rank: 79 out of 5645/19/22 close: $205.121 Month avg volatility: $5.73. Volatility stop (for downward breakout): $218.25 or 6.4% above the close.Change YTD: 6.02%Volume: 1,623,100 shares. 3 month avg: 973,146 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: Triple top reversal pattern from 04/21/2022 to 05/16/2022Breakout is downward 100% of the time.Average decline: 19%.Break-even failure rate: 10%.Pullbacks occur 61% of the time.Price hits measure rule target 40% of the time.
Industry: Medical SuppliesIndustry RS rank: 41 out of 60Stock RS rank: 125 out of 5645/19/22 close: $78.121 Month avg volatility: $2.09. Volatility stop (for upward breakout): $72.79 or 6.8% below the close.Change YTD: 2.04%Volume: 2,117,500 shares. 3 month avg: 3,130,522 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: Three Rising Valleys reversal pattern from 01/28/2022 to 03/15/2022Breakout is upward 100% of the time.Average rise: 41%.Break-even failure rate: 5%.Throwbacks occur 60% of the time.Price hits measure rule target 58% of the time.
Industry: Human ResourcesIndustry RS rank: 34 out of 60Stock RS rank: 360 out of 5645/19/22 close: $94.151 Month avg volatility: $3.71. Volatility stop (for downward breakout): $102.75 or 9.1% above the close.Change YTD: -20.29%Volume: 137,100 shares. 3 month avg: 131,942 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: Pipe top reversal pattern from 04/25/2022 to 05/02/2022Breakout 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: Human ResourcesIndustry RS rank: 34 out of 60Stock RS rank: 276 out of 5645/19/22 close: $66.951 Month avg volatility: $2.69. Volatility stop (for downward breakout): $74.30 or 11.0% above the close.Change YTD: -10.99%Volume: 111,000 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: Horn top reversal pattern from 04/18/2022 to 05/02/2022Breakout is downward 100% of the time.Average decline: 21%.Break-even failure rate: 7%.Pullbacks occur 33% of the time.Price hits measure rule target 70% of the time.
Industry: Semiconductor Cap Equip.WARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 46 out of 60Stock RS rank: 333 out of 5645/19/22 close: $338.521 Month avg volatility: $15.50. Volatility stop (for upward breakout): $300.78 or 11.2% below the close.Change YTD: -21.29%Volume: 1,446,700 shares. 3 month avg: 1,563,420 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: Double Bottom, Eve and Adam reversal pattern from 04/27/2022 to 05/12/2022Breakout is upward 100% of the time.Average rise: 35%.Break-even failure rate: 4%.Throwbacks occur 57% of the time.Price hits measure rule target 66% of the time.
Industry: Trucking/Transp. LeasingIndustry RS rank: 55 out of 60Stock RS rank: 190 out of 5645/19/22 close: $16.521 Month avg volatility: $0.68. Volatility stop (for downward breakout): $18.28 or 10.7% above the close.Change YTD: -3.73%Volume: 649,500 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: Pipe top reversal pattern from 05/02/2022 to 05/09/2022Breakout 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: Natural Gas (Distributor)Industry RS rank: 5 out of 60Stock RS rank: 63 out of 5645/19/22 close: $45.511 Month avg volatility: $1.18. Volatility stop (for upward breakout): $42.62 or 6.4% below the close.Change YTD: 10.84%Volume: 579,500 shares. 3 month avg: 632,043 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.Chart pattern: Double Bottom, Eve and Adam reversal pattern from 05/02/2022 to 05/12/2022Breakout is upward 100% of the time.Average rise: 35%.Break-even failure rate: 4%.Throwbacks occur 57% of the time.Price hits measure rule target 66% of the time.
Industry: Household ProductsIndustry RS rank: 15 out of 60Stock RS rank: 300 out of 5645/19/22 close: $19.671 Month avg volatility: $0.97. Volatility stop (for downward breakout): $22.43 or 14.0% above the close.Change YTD: -9.94%Volume: 4,777,400 shares. 3 month avg: 7,205,206 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: Horn top reversal pattern from 04/25/2022 to 05/09/2022Breakout is downward 100% of the time.Average decline: 21%.Break-even failure rate: 7%.Pullbacks occur 33% of the time.Price hits measure rule target 70% of the time.
Industry: HomebuildingIndustry RS rank: 54 out of 60Stock RS rank: 351 out of 5645/19/22 close: $41.671 Month avg volatility: $1.99. Volatility stop (for upward breakout): $37.46 or 10.1% below the close.Change YTD: -27.10%Volume: 3,289,900 shares. 3 month avg: 4,812,565 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: Diamond bottom reversal pattern from 04/13/2022 to 05/19/2022Breakout is upward 69% of the time.Average rise: 36%.Break-even failure rate: 4%.Throwbacks occur 53% of the time.Price hits measure rule target 81% of the time.
Industry: Medical ServicesIndustry RS rank: 17 out of 60Stock RS rank: 194 out of 5645/19/22 close: $140.071 Month avg volatility: $3.96. Volatility stop (for upward breakout): $129.02 or 7.9% below the close.Change YTD: -19.04%Volume: 1,487,600 shares. 3 month avg: 1,490,418 shares.Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.Chart pattern: Double Bottom, Eve and Eve reversal pattern from 05/02/2022 to 05/12/2022Breakout is upward 100% of the time.Average rise: 40%.Break-even failure rate: 4%.Throwbacks occur 55% of the time.Price hits measure rule target 67% of the time.
Industry: Retail StoreIndustry RS rank: 45 out of 60Stock RS rank: 504 out of 5645/19/22 close: $153.431 Month avg volatility: $7.33. Volatility stop (for downward breakout): $176.08 or 14.8% above the close.Change YTD: -33.71%Volume: 23,215,500 shares. 3 month avg: 6,916,209 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: Dead-cat bounce continuation pattern from 05/18/2022 to 05/18/2022Breakout is downward 67% of the time.Average decline: 18%.
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