As of 05/13/2024   Indus: 39,432 -81.33 -0.2%     Trans: 15,629 +31.37 +0.2%     Utils: 941 -1.34 -0.1%     Nasdaq: 16,388 +47.37 +0.3%     S&P 500: 5,221 -1.26 0.0%	YTD  +4.6%   -1.7%    +6.7%    +9.2%    +9.5%	Targets    Overview: 05/13/2024     39,950 or 38,500 by 06/01/2024   16,050 or 15,300 by 06/01/2024   960 or 900 by 06/01/2024   17,250 or 15,850 by 06/01/2024   5,500 or 5,100 by 06/01/2024
Chart Pattern Indicator: on 5/1/24

As of 05/13/2024   Indus: 39,432 -81.33 -0.2%     Trans: 15,629 +31.37 +0.2%     Utils: 941 -1.34 -0.1%     Nasdaq: 16,388 +47.37 +0.3%     S&P 500: 5,221 -1.26 0.0%	YTD  +4.6%   -1.7%    +6.7%    +9.2%    +9.5%
Targets    Overview: 05/13/2024     39,950 or 38,500 by 06/01/2024   16,050 or 15,300 by 06/01/2024   960 or 900 by 06/01/2024   17,250 or 15,850 by 06/01/2024   5,500 or 5,100 by 06/01/2024
Chart Pattern Indicator: on 5/1/24

Patterns for the Weekend Details

Copyright © 2023 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: Chemical (Diversified)

Industry RS rank: 41 out of 60

Stock RS rank: 440 out of 628

6/29/23 close: $294.75

1 Month avg volatility: $5.00. Volatility stop (for upward breakout): $278.60 or 5.5% below the close.

Change YTD: -4.38%

Volume: 566,800 shares. 3 month avg: 1,051,743 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: Ugly double bottom reversal pattern from 06/01/2023 to 06/22/2023

Breakout 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: Packaging and Container

Industry RS rank: 40 out of 60

Stock RS rank: 213 out of 628

6/29/23 close: $57.71

1 Month avg volatility: $1.72. Volatility stop (for upward breakout): $52.83 or 8.5% below the close.

Change YTD: 12.85%

Volume: 1,168,800 shares. 3 month avg: 2,433,769 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 Bottom, Adam and Adam reversal pattern from 06/01/2023 to 06/08/2023

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: Retail (Special Lines)

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

Industry RS rank: 37 out of 60

Stock RS rank: 319 out of 628

6/29/23 close: $83.21

1 Month avg volatility: $1.68. Volatility stop (for upward breakout): $78.79 or 5.3% below the close.

Change YTD: 3.74%

Volume: 1,660,400 shares. 3 month avg: 4,325,955 shares.

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

 

Chart pattern: Ugly double bottom reversal pattern from 05/24/2023 to 06/23/2023

Breakout 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: Retail Store

Industry RS rank: 28 out of 60

Stock RS rank: 623 out of 628

6/29/23 close: $8.76

1 Month avg volatility: $0.83. Volatility stop (for upward breakout): $6.56 or 25.1% below the close.

Change YTD: -40.41%

Volume: 1,918,100 shares. 3 month avg: 984,457 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: Flag, high and tight continuation pattern from 05/31/2023 to 06/27/2023

WARNING: A dead-cat bounce occurred on 05/26/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 08/25/2023 and a 38% chance by 11/24/2023.

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: Biotechnology

Industry RS rank: 43 out of 60

Stock RS rank: 325 out of 628

6/29/23 close: $282.13

1 Month avg volatility: $6.78. Volatility stop (for downward breakout): $299.01 or 6.0% above the close.

Change YTD: 1.88%

Volume: 872,600 shares. 3 month avg: 1,244,726 shares.

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

 

Chart pattern: Double Top, Eve and Adam reversal pattern from 05/05/2023 to 06/12/2023

Breakout 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: Internet

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

Industry RS rank: 7 out of 60

Stock RS rank: 93 out of 628

6/29/23 close: $2,655.91

1 Month avg volatility: $59.62. Volatility stop (for downward breakout): $2,795.15 or 5.2% above the close.

Change YTD: 31.79%

Volume: 224,000 shares. 3 month avg: 441,478 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: Diamond top reversal pattern from 04/18/2023 to 06/22/2023

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: Precision Instrument

Industry RS rank: 44 out of 60

Stock RS rank: 166 out of 628

6/29/23 close: $55.53

1 Month avg volatility: $1.11. Volatility stop (for downward breakout): $57.81 or 4.1% above the close.

Change YTD: 17.87%

Volume: 583,600 shares. 3 month avg: 1,157,365 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: Double Top, Adam and Eve reversal pattern from 06/02/2023 to 06/13/2023

Breakout 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: IT Services

Industry RS rank: 19 out of 60

Stock RS rank: 466 out of 628

6/29/23 close: $52.58

1 Month avg volatility: $1.30. Volatility stop (for upward breakout): $48.54 or 7.7% below the close.

Change YTD: -8.08%

Volume: 112,100 shares. 3 month avg: 127,302 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: Ugly double bottom reversal pattern from 05/31/2023 to 06/26/2023

Breakout 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: Machinery

Industry RS rank: 33 out of 60

Stock RS rank: 365 out of 628

6/29/23 close: $242.00

1 Month avg volatility: $5.55. Volatility stop (for upward breakout): $227.72 or 5.9% below the close.

Change YTD: -0.12%

Volume: 987,000 shares. 3 month avg: 1,327,631 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: Ugly double bottom reversal pattern from 05/31/2023 to 06/23/2023

Breakout 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: Metals and Mining (Div.)

Industry RS rank: 24 out of 60

Stock RS rank: 97 out of 628

6/29/23 close: $185.50

1 Month avg volatility: $6.37. Volatility stop (for upward breakout): $169.27 or 8.8% below the close.

Change YTD: 34.85%

Volume: 186,900 shares. 3 month avg: 88,880 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: Double Bottom, Adam and Eve reversal pattern from 06/15/2023 to 06/23/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 5%.

Throwbacks occur 59% of the time.

Price hits measure rule target 66% of the time.

Industry: Air Transport

Industry RS rank: 9 out of 60

Stock RS rank: 53 out of 628

6/29/23 close: $249.98

1 Month avg volatility: $5.05. Volatility stop (for downward breakout): $260.08 or 4.0% above the close.

Change YTD: 44.33%

Volume: 2,149,300 shares. 3 month avg: 1,372,055 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: Broadening top reversal pattern from 05/01/2023 to 06/16/2023

Breakout is downward 50% of the time.

Average decline: 15%.

Break-even failure rate: 18%.

Pullbacks occur 48% of the time.

Price hits measure rule target 37% of the time.

Industry: IT Services

Industry RS rank: 19 out of 60

Stock RS rank: 147 out of 628

6/29/23 close: $124.05

1 Month avg volatility: $1.93. Volatility stop (for upward breakout): $119.16 or 4.0% below the close.

Change YTD: 22.74%

Volume: 2,560,700 shares. 3 month avg: 915,811 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: Ugly double bottom reversal pattern from 05/31/2023 to 06/21/2023

Breakout 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: Securities Brokerage

Industry RS rank: 46 out of 60

Stock RS rank: 448 out of 628

6/29/23 close: $323.09

1 Month avg volatility: $6.13. Volatility stop (for upward breakout): $303.98 or 5.9% below the close.

Change YTD: -5.91%

Volume: 3,517,500 shares. 3 month avg: 2,673,269 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: Broadening bottom reversal pattern from 05/04/2023 to 06/01/2023

Breakout is upward 53% of the time.

Average rise: 27%.

Break-even failure rate: 10%.

Throwbacks occur 41% of the time.

Price hits measure rule target 59% of the time.

Industry: Medical Supplies

Industry RS rank: 27 out of 60

Stock RS rank: 340 out of 628

6/29/23 close: $80.90

1 Month avg volatility: $1.35. Volatility stop (for upward breakout): $77.14 or 4.7% below the close.

Change YTD: 1.29%

Volume: 644,800 shares. 3 month avg: 2,211,905 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: Double Bottom, Adam and Eve reversal pattern from 05/09/2023 to 05/31/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 5%.

Throwbacks occur 59% of the time.

Price hits measure rule target 66% of the time.

Industry: Furn/Home Furnishings

Industry RS rank: 42 out of 60

Stock RS rank: 368 out of 628

6/29/23 close: $27.98

1 Month avg volatility: $0.82. Volatility stop (for downward breakout): $29.67 or 6.1% above the close.

Change YTD: -1.58%

Volume: 223,300 shares. 3 month avg: 239,735 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: Rising wedge reversal pattern from 05/19/2023 to 06/29/2023

Breakout is downward 69% of the time.

Average decline: 14%.

Break-even failure rate: 24%.

Pullbacks occur 63% of the time.

Price hits measure rule target 46% of the time.

Industry: Biotechnology

Industry RS rank: 43 out of 60

Stock RS rank: 413 out of 628

6/29/23 close: $185.49

1 Month avg volatility: $6.06. Volatility stop (for upward breakout): $169.77 or 8.5% below the close.

Change YTD: -8.26%

Volume: 1,259,500 shares. 3 month avg: 726,254 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 05/24/2023 to 06/16/2023

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: Human Resources

Industry RS rank: 36 out of 60

Stock RS rank: 311 out of 628

6/29/23 close: $117.35

1 Month avg volatility: $3.21. Volatility stop (for downward breakout): $124.11 or 5.8% above the close.

Change YTD: 3.30%

Volume: 147,000 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 06/05/2023 to 06/12/2023

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: Securities Brokerage

Industry RS rank: 46 out of 60

Stock RS rank: 214 out of 628

6/29/23 close: $82.81

1 Month avg volatility: $1.61. Volatility stop (for upward breakout): $77.08 or 6.9% below the close.

Change YTD: 14.46%

Volume: 1,226,600 shares. 3 month avg: 658,995 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: Three Rising Valleys reversal pattern from 05/04/2023 to 06/13/2023

Breakout 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: Metals and Mining (Div.)

Industry RS rank: 24 out of 60

Stock RS rank: 99 out of 628

6/29/23 close: $114.60

1 Month avg volatility: $3.13. Volatility stop (for upward breakout): $105.99 or 7.5% below the close.

Change YTD: 30.96%

Volume: 46,800 shares.

This security may be thinly traded (less than 100k shares)!

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

 

Chart pattern: Ugly double bottom reversal pattern from 05/31/2023 to 06/23/2023

Breakout 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: Aerospace/Defense

Industry RS rank: 35 out of 60

Stock RS rank: 563 out of 628

6/29/23 close: $451.22

1 Month avg volatility: $7.13. Volatility stop (for downward breakout): $465.70 or 3.2% above the close.

Change YTD: -17.30%

Volume: 524,300 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: Double Top, Eve and Eve reversal pattern from 06/09/2023 to 06/21/2023

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 11%.

Pullbacks occur 59% of the time.

Price hits measure rule target 73% of the time.

Industry: Advertising

Industry RS rank: 12 out of 60

Stock RS rank: 410 out of 628

6/29/23 close: $15.65

1 Month avg volatility: $0.38. Volatility stop (for upward breakout): $14.55 or 7.0% below the close.

Change YTD: -5.61%

Volume: 1,353,100 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: Triangle, ascending reversal pattern from 04/10/2023 to 04/25/2023

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: Drug

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

Industry RS rank: 26 out of 60

Stock RS rank: 613 out of 628

6/29/23 close: $36.12

1 Month avg volatility: $0.68. Volatility stop (for downward breakout): $37.57 or 4.0% above the close.

Change YTD: -29.51%

Volume: 26,189,400 shares. 3 month avg: 34,097,717 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: Double Top, Adam and Eve reversal pattern from 05/23/2023 to 06/13/2023

Breakout 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: Chemical (Diversified)

Industry RS rank: 41 out of 60

Stock RS rank: 182 out of 628

6/29/23 close: $145.37

1 Month avg volatility: $2.61. Volatility stop (for upward breakout): $137.81 or 5.2% below the close.

Change YTD: 15.61%

Volume: 1,193,600 shares. 3 month avg: 1,342,054 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: Pipe bottom reversal pattern from 05/22/2023 to 05/30/2023

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: Industrial Services

Industry RS rank: 23 out of 60

Stock RS rank: 230 out of 628

6/29/23 close: $476.13

1 Month avg volatility: $6.00. Volatility stop (for upward breakout): $458.28 or 3.8% below the close.

Change YTD: 10.19%

Volume: 341,200 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: Three Rising Valleys reversal pattern from 03/15/2023 to 05/25/2023

Breakout 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: IT Services

Industry RS rank: 19 out of 60

Stock RS rank: 346 out of 628

6/29/23 close: $112.14

1 Month avg volatility: $1.80. Volatility stop (for upward breakout): $106.57 or 5.0% below the close.

Change YTD: 1.09%

Volume: 341,700 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: Ugly double bottom reversal pattern from 05/25/2023 to 06/26/2023

Breakout 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: Shoe

Industry RS rank: 14 out of 60

Stock RS rank: 164 out of 628

6/29/23 close: $50.33

1 Month avg volatility: $1.17. Volatility stop (for downward breakout): $53.45 or 6.2% above the close.

Change YTD: 19.98%

Volume: 1,688,400 shares. 3 month avg: 3,234,920 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: Pipe top reversal pattern from 06/05/2023 to 06/12/2023

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: Healthcare Information

Industry RS rank: 30 out of 60

Stock RS rank: 249 out of 628

6/29/23 close: $25.25

1 Month avg volatility: $0.90. Volatility stop (for upward breakout): $23.41 or 7.3% below the close.

Change YTD: 6.77%

Volume: 2,793,600 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 05/22/2023 to 05/30/2023

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: Furn/Home Furnishings

Industry RS rank: 42 out of 60

Stock RS rank: 177 out of 628

6/29/23 close: $39.99

1 Month avg volatility: $1.12. Volatility stop (for upward breakout): $36.63 or 8.4% below the close.

Change YTD: 16.49%

Volume: 925,900 shares. 3 month avg: 985,960 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: Pipe bottom reversal pattern from 05/30/2023 to 06/05/2023

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: Diversified Co.

Industry RS rank: 29 out of 60

Stock RS rank: 426 out of 628

6/29/23 close: $67.33

1 Month avg volatility: $1.14. Volatility stop (for upward breakout): $64.16 or 4.7% below the close.

Change YTD: -4.90%

Volume: 898,300 shares. 3 month avg: 1,342,598 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: Ugly double bottom reversal pattern from 05/31/2023 to 06/23/2023

Breakout 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: Retail Building Supply

Industry RS rank: 10 out of 60

Stock RS rank: 378 out of 628

6/29/23 close: $217.42

1 Month avg volatility: $4.27. Volatility stop (for downward breakout): $226.14 or 4.0% above the close.

Change YTD: -3.36%

Volume: 1,270,600 shares. 3 month avg: 2,128,008 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: Broadening top, right-angled and ascending reversal pattern from 06/08/2023 to 06/28/2023

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: Internet

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

Industry RS rank: 7 out of 60

Stock RS rank: 7 out of 628

6/29/23 close: $8.14

1 Month avg volatility: $0.60. Volatility stop (for downward breakout): $9.92 or 21.9% above the close.

Change YTD: 82.92%

Volume: 124,600 shares. 3 month avg: 22,411 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 Tuesday.

 

Chart pattern: Pipe top reversal pattern from 06/05/2023 to 06/12/2023

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: Petroleum (Integrated)

Industry RS rank: 54 out of 60

Stock RS rank: 475 out of 628

6/29/23 close: $116.61

1 Month avg volatility: $3.23. Volatility stop (for upward breakout): $108.99 or 6.5% below the close.

Change YTD: -8.08%

Volume: 2,266,300 shares. 3 month avg: 3,857,258 shares.

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

 

Chart pattern: Pipe bottom reversal pattern from 05/30/2023 to 06/05/2023

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: 39 out of 60

Stock RS rank: 203 out of 628

6/29/23 close: $118.86

1 Month avg volatility: $3.50. Volatility stop (for upward breakout): $109.14 or 8.2% below the close.

Change YTD: 15.92%

Volume: 370,700 shares. 3 month avg: 812,517 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: Head-and-shoulders bottom reversal pattern from 04/26/2023 to 06/23/2023

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.

 

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