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: Electronics

Industry RS rank: 40 out of 60

Stock RS rank: 613 out of 623

11/22/23 close: $4.64

1 Month avg volatility: $0.28. Volatility stop (for upward breakout): $4.07 or 12.2% below the close.

Change YTD: -37.30%

Volume: 911,900 shares. 3 month avg: 3,031,971 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: Pipe bottom reversal pattern from 10/23/2023 to 10/30/2023

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: Chemical (Basic)

Industry RS rank: 41 out of 60

Stock RS rank: 516 out of 623

11/22/23 close: $78.07

1 Month avg volatility: $1.72. Volatility stop (for upward breakout): $74.27 or 4.9% below the close.

Change YTD: -27.40%

Volume: 270,500 shares. 3 month avg: 610,854 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 11/02/2023 to 11/10/2023

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: Shoe

Industry RS rank: 4 out of 60

Stock RS rank: 277 out of 623

11/22/23 close: $71.07

1 Month avg volatility: $2.83. Volatility stop (for upward breakout): $65.12 or 8.4% below the close.

Change YTD: 13.68%

Volume: 720,800 shares. 3 month avg: 434,749 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, symmetrical continuation pattern from 11/01/2023 to 11/22/2023

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: Information Services

Industry RS rank: 20 out of 60

Stock RS rank: 80 out of 623

11/22/23 close: $186.70

1 Month avg volatility: $2.72. Volatility stop (for upward breakout): $179.66 or 3.8% below the close.

Change YTD: 39.19%

Volume: 382,500 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: Ugly double bottom reversal pattern from 10/27/2023 to 11/10/2023

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: Chemical (Diversified)

Industry RS rank: 55 out of 60

Stock RS rank: 238 out of 623

11/22/23 close: $77.32

1 Month avg volatility: $1.43. Volatility stop (for upward breakout): $74.23 or 4.0% below the close.

Change YTD: 15.68%

Volume: 179,400 shares. 3 month avg: 325,852 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 bottom reversal pattern from 09/13/2023 to 10/13/2023

Breakout is upward 100% of the time.

Average rise: 39%.

Break-even failure rate: 4%.

Throwbacks occur 63% of the time.

Price hits measure rule target 74% of the time.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 26 out of 60

Stock RS rank: 372 out of 623

11/22/23 close: $102.04

1 Month avg volatility: $1.98. Volatility stop (for upward breakout): $97.07 or 4.9% below the close.

Change YTD: -0.34%

Volume: 280,100 shares. 3 month avg: 534,966 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 10/02/2023 to 11/22/2023

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: Retail Store

Industry RS rank: 17 out of 60

Stock RS rank: 104 out of 623

11/22/23 close: $339.98

1 Month avg volatility: $11.12. Volatility stop (for upward breakout): $315.89 or 7.1% below the close.

Change YTD: 5.19%

Volume: 78,100 shares. 3 month avg: 658,302 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 11/06/2023 to 11/13/2023

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: None

Industry RS rank: 13 out of 60

11/22/23 close: $15,032.28

1 Month avg volatility: $227.44. Volatility stop (for upward breakout): $14,559.04 or 3.2% below the close.

Change YTD: 12.25%

Volume: 107,192,200 shares. 3 month avg: 101,527,385 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 bottom reversal pattern from 10/23/2023 to 10/30/2023

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: Apparel

Industry RS rank: 12 out of 60

Stock RS rank: 2 out of 623

11/22/23 close: $18.80

1 Month avg volatility: $0.60. Volatility stop (for upward breakout): $17.35 or 7.7% below the close.

Change YTD: 66.67%

Volume: 9,940,600 shares. 3 month avg: 5,662,882 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: Flag, high and tight continuation pattern from 10/06/2023 to 11/22/2023

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: Aerospace/Defense

Industry RS rank: 28 out of 60

Stock RS rank: 113 out of 623

11/22/23 close: $247.33

1 Month avg volatility: $3.05. Volatility stop (for upward breakout): $239.36 or 3.2% below the close.

Change YTD: -0.31%

Volume: 617,600 shares. 3 month avg: 1,076,035 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 10/06/2023 to 11/09/2023

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: Biotechnology

Industry RS rank: 48 out of 60

Stock RS rank: 422 out of 623

11/22/23 close: $75.70

1 Month avg volatility: $1.47. Volatility stop (for downward breakout): $78.67 or 3.9% above the close.

Change YTD: -11.82%

Volume: 4,418,100 shares. 3 month avg: 8,272,228 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: Pipe top reversal pattern from 10/30/2023 to 11/06/2023

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: Metals and Mining (Div.)

Industry RS rank: 42 out of 60

Stock RS rank: 542 out of 623

11/22/23 close: $4.66

1 Month avg volatility: $0.19. Volatility stop (for upward breakout): $4.20 or 9.8% below the close.

Change YTD: -16.19%

Volume: 3,334,100 shares. 3 month avg: 4,539,271 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: Big W reversal pattern from 10/05/2023 to 11/10/2023

Breakout is upward 71% of the time.

Average rise: 31%.

Break-even failure rate: 11%.

Throwbacks occur 32% of the time.

Price hits measure rule target 42% 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 60

Stock RS rank: 44 out of 623

11/22/23 close: $554.17

1 Month avg volatility: $12.55. Volatility stop (for upward breakout): $524.87 or 5.3% below the close.

Change YTD: 46.98%

Volume: 580,700 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 Thursday.

 

Chart pattern: Double Bottom, Eve and Eve reversal pattern from 09/26/2023 to 10/26/2023

Breakout 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: Drug

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

Industry RS rank: 27 out of 60

Stock RS rank: 27 out of 623

11/22/23 close: $595.09

1 Month avg volatility: $18.08. Volatility stop (for upward breakout): $550.59 or 7.5% below the close.

Change YTD: 62.66%

Volume: 2,050,300 shares. 3 month avg: 3,144,574 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: Triangle, symmetrical continuation pattern from 11/03/2023 to 11/22/2023

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: Retail Store

Industry RS rank: 17 out of 60

Stock RS rank: 353 out of 623

11/22/23 close: $14.84

1 Month avg volatility: $0.57. Volatility stop (for upward breakout): $13.53 or 8.8% below the close.

Change YTD: -28.14%

Volume: 13,348,300 shares. 3 month avg: 12,905,272 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 11/06/2023 to 11/13/2023

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: Insurance (Prop/Casualty)

Industry RS rank: 26 out of 60

Stock RS rank: 170 out of 623

11/22/23 close: $28.75

1 Month avg volatility: $0.41. Volatility stop (for downward breakout): $29.62 or 3.0% above the close.

Change YTD: 19.05%

Volume: 784,500 shares. 3 month avg: 1,253,378 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: Rising wedge reversal pattern from 10/17/2023 to 11/22/2023

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: Natural Gas (Diversified)

Industry RS rank: 36 out of 60

Stock RS rank: 553 out of 623

11/22/23 close: $22.03

1 Month avg volatility: $0.63. Volatility stop (for downward breakout): $23.30 or 5.8% above the close.

Change YTD: -23.64%

Volume: 539,300 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, Adam and Adam reversal pattern from 10/19/2023 to 11/03/2023

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 8%.

Pullbacks occur 61% of the time.

Price hits measure rule target 72% of the time.

Industry: Metals and Mining (Div.)

Industry RS rank: 42 out of 60

Stock RS rank: 187 out of 623

11/22/23 close: $75.23

1 Month avg volatility: $1.74. Volatility stop (for upward breakout): $71.18 or 5.4% below the close.

Change YTD: 24.57%

Volume: 778,500 shares. 3 month avg: 1,021,280 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: Double Bottom, Eve and Eve reversal pattern from 10/23/2023 to 11/10/2023

Breakout 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: Natural Gas (Distributor)

Industry RS rank: 45 out of 60

Stock RS rank: 500 out of 623

11/22/23 close: $60.53

1 Month avg volatility: $1.25. Volatility stop (for upward breakout): $57.10 or 5.7% below the close.

Change YTD: -12.10%

Volume: 294,400 shares. 3 month avg: 172,872 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: Head-and-shoulders bottom reversal pattern from 06/21/2023 to 07/17/2023

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.

Industry: Diversified Co.

Industry RS rank: 37 out of 60

Stock RS rank: 471 out of 623

11/22/23 close: $218.22

1 Month avg volatility: $5.86. Volatility stop (for upward breakout): $204.61 or 6.2% below the close.

Change YTD: -12.58%

Volume: 124,400 shares. 3 month avg: 269,822 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: Ugly double bottom reversal pattern from 10/30/2023 to 11/10/2023

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: Drug

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

Industry RS rank: 27 out of 60

Stock RS rank: 86 out of 623

11/22/23 close: $9.46

1 Month avg volatility: $0.28. Volatility stop (for upward breakout): $8.81 or 6.9% below the close.

Change YTD: 3.73%

Volume: 7,988,300 shares. 3 month avg: 26,334,894 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: Double Bottom, Adam and Adam reversal pattern from 11/10/2023 to 11/16/2023

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: Internet

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

Industry RS rank: 9 out of 60

Stock RS rank: 290 out of 623

11/22/23 close: $9.35

1 Month avg volatility: $0.46. Volatility stop (for upward breakout): $8.37 or 10.5% below the close.

Change YTD: 110.11%

Volume: 93,700 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 Wednesday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Flag, high and tight continuation pattern from 10/23/2023 to 11/22/2023

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: Natural Gas (Distributor)

Industry RS rank: 45 out of 60

Stock RS rank: 576 out of 623

11/22/23 close: $22.06

1 Month avg volatility: $0.58. Volatility stop (for upward breakout): $20.56 or 6.8% below the close.

Change YTD: -40.49%

Volume: 926,900 shares. 3 month avg: 686,418 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: Triple bottom reversal pattern from 10/06/2023 to 11/10/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 4%.

Throwbacks occur 64% of the time.

Price hits measure rule target 64% of the time.

Industry: Computers and Peripherals

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

Industry RS rank: 44 out of 60

Stock RS rank: 270 out of 623

11/22/23 close: $4.86

1 Month avg volatility: $0.24. Volatility stop (for upward breakout): $4.32 or 11.1% below the close.

Change YTD: -4.89%

Volume: 502,300 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: Flag, high and tight continuation pattern from 11/01/2023 to 11/22/2023

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: Air Transport

Industry RS rank: 46 out of 60

Stock RS rank: 505 out of 623

11/22/23 close: $150.75

1 Month avg volatility: $3.01. Volatility stop (for upward breakout): $143.92 or 4.5% below the close.

Change YTD: -13.28%

Volume: 2,627,400 shares. 3 month avg: 2,659,363 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 Bottom, Adam and Adam reversal pattern from 10/27/2023 to 11/10/2023

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: Internet

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

Industry RS rank: 9 out of 60

Stock RS rank: 431 out of 623

11/22/23 close: $214.16

1 Month avg volatility: $3.68. Volatility stop (for upward breakout): $205.13 or 4.2% below the close.

Change YTD: 4.24%

Volume: 450,000 shares. 3 month avg: 871,351 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: Pipe bottom reversal pattern from 10/23/2023 to 10/30/2023

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: Semiconductor

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

Industry RS rank: 8 out of 60

Stock RS rank: 602 out of 623

11/22/23 close: $33.54

1 Month avg volatility: $2.06. Volatility stop (for upward breakout): $29.30 or 12.7% below the close.

Change YTD: -51.42%

Volume: 2,608,600 shares. 3 month avg: 2,005,123 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 10/23/2023 to 10/30/2023

WARNING: A dead-cat bounce occurred on 08/17/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 02/15/2024.

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: Computers and Peripherals

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

Industry RS rank: 44 out of 60

Stock RS rank: 550 out of 623

11/22/23 close: $225.86

1 Month avg volatility: $7.14. Volatility stop (for upward breakout): $207.30 or 8.2% below the close.

Change YTD: -11.91%

Volume: 550,100 shares. 3 month avg: 395,197 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 Bottom, Adam and Adam reversal pattern from 10/25/2023 to 11/01/2023

WARNING: A dead-cat bounce occurred on 08/01/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 01/30/2024.

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: Homebuilding

Industry RS rank: 5 out of 60

Stock RS rank: 139 out of 623

11/22/23 close: $86.44

1 Month avg volatility: $1.48. Volatility stop (for upward breakout): $83.12 or 3.8% below the close.

Change YTD: 42.63%

Volume: 1,461,600 shares. 3 month avg: 2,388,375 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 10/25/2023 to 11/09/2023

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.

 

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