As of 05/23/2024
  Indus: 39,065 -605.78 -1.5%  
  Trans: 15,009 -185.73 -1.2%  
  Utils: 924 -20.84 -2.2%  
  Nasdaq: 16,736 -65.51 -0.4%  
  S&P 500: 5,268 -39.17 -0.7%  
YTD
 +3.7%  
-5.6%  
 +4.8%  
 +11.5%  
 +10.4%  
  Targets    Overview: 05/13/2024  
  Up arrow41,000 or 38,500 by 06/01/2024
  Up arrow16,050 or 15,300 by 06/01/2024
  Up arrow960 or 900 by 06/01/2024
  Up arrow17,250 or 15,850 by 06/01/2024
  Up arrow5,500 or 5,100 by 06/01/2024
As of 05/23/2024
  Indus: 39,065 -605.78 -1.5%  
  Trans: 15,009 -185.73 -1.2%  
  Utils: 924 -20.84 -2.2%  
  Nasdaq: 16,736 -65.51 -0.4%  
  S&P 500: 5,268 -39.17 -0.7%  
YTD
 +3.7%  
-5.6%  
 +4.8%  
 +11.5%  
 +10.4%  
  Targets    Overview: 05/13/2024  
  Up arrow41,000 or 38,500 by 06/01/2024
  Up arrow16,050 or 15,300 by 06/01/2024
  Up arrow960 or 900 by 06/01/2024
  Up arrow17,250 or 15,850 by 06/01/2024
  Up arrow5,500 or 5,100 by 06/01/2024

Patterns for the Weekend Details

Copyright © 2024 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.

Definitions
RS is relative strength (where 1 is best). For other definitions, see the glossary.
'Breakout is upward/downward 100% of the time' means price breaks out up/down by definition, not by statistically measuring the rate.
All numbers assume a bull market and are based on the breakout direction that occurs most often.
For more information, consult my book, Encyclopedia of Chart Patterns.
 
AES Corp (AES)
Industry: Electric Utility (East)
Industry RS rank: 46 out of 60
Stock RS rank: 551 out of 622
1/11/24 close: $18.03
1 Month avg volatility: $0.55. Volatility stop (for upward breakout): $16.67 or 7.6% below the close.
Change YTD: -6.34%
Volume: 4,908,600 shares. 3 month avg: 5,494,342 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: Triangle, symmetrical continuation pattern from 12/14/2023 to 01/10/2024
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.

Top

Air Products and Chemicals, Inc. (APD)
Industry: Chemical (Diversified)
Industry RS rank: 58 out of 60
Stock RS rank: 493 out of 622
1/11/24 close: $264.59
1 Month avg volatility: $3.66. Volatility stop (for downward breakout): $275.40 or 4.1% above the close.
Change YTD: -3.36%
Volume: 1,044,400 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: Double Top, Eve and Eve reversal pattern from 12/18/2023 to 12/27/2023
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.

Top

Bassett Furniture Industries Inc (BSET)
Industry: Furn/Home Furnishings
Industry RS rank: 2 out of 60
Stock RS rank: 398 out of 622
1/11/24 close: $15.15
1 Month avg volatility: $0.63. Volatility stop (for downward breakout): $16.50 or 8.9% above the close.
Change YTD: -8.73%
Volume: 29,600 shares. 3 month avg: 28,538 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 Friday.
 
Chart pattern: Head-and-shoulders top reversal pattern from 11/06/2023 to 12/27/2023
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.

Top

CACI International (CACI)
Industry: IT Services
Industry RS rank: 6 out of 60
Stock RS rank: 421 out of 622
1/11/24 close: $329.54
1 Month avg volatility: $4.84. Volatility stop (for upward breakout): $316.83 or 3.9% below the close.
Change YTD: 1.75%
Volume: 100,800 shares. 3 month avg: 131,971 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: Double Bottom, Eve and Eve reversal pattern from 12/20/2023 to 01/04/2024
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.

Top

Conns Inc (CONN)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 3 out of 60
Stock RS rank: 146 out of 622
1/11/24 close: $5.03
1 Month avg volatility: $0.38. Volatility stop (for upward breakout): $4.09 or 18.6% below the close.
Change YTD: 13.29%
Volume: 137,400 shares. 3 month avg: 567,568 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 12/07/2023 to 01/10/2024
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.

Top

Curtiss-Wright (CW)
Industry: Machinery
Industry RS rank: 39 out of 60
Stock RS rank: 135 out of 622
1/11/24 close: $218.47
1 Month avg volatility: $3.23. Volatility stop (for downward breakout): $225.54 or 3.2% above the close.
Change YTD: -1.94%
Volume: 102,700 shares. 3 month avg: 230,622 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 Top, Adam and Eve reversal pattern from 12/13/2023 to 01/02/2024
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.

Top

DJ 20 Transportation (^DJT)
Industry: None
Industry RS rank: 19 out of 60
1/11/24 close: $15,534.90
1 Month avg volatility: $202.64. Volatility stop (for downward breakout): $15,978.33 or 2.9% above the close.
Change YTD: -2.29%
Volume: 95,692,000 shares. 3 month avg: 107,279,729 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, Eve and Eve reversal pattern from 12/19/2023 to 12/22/2023
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.

Top

Expeditors International of Washington (EXPD)
Industry: Air Transport
Industry RS rank: 57 out of 60
Stock RS rank: 315 out of 622
1/11/24 close: $125.42
1 Month avg volatility: $2.01. Volatility stop (for downward breakout): $129.77 or 3.5% above the close.
Change YTD: -1.40%
Volume: 1,254,900 shares. 3 month avg: 1,055,643 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, Eve and Eve reversal pattern from 12/26/2023 to 01/05/2024
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.

Top

GameStop Corp (GME)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 3 out of 60
Stock RS rank: 607 out of 622
1/11/24 close: $15.25
1 Month avg volatility: $0.83. Volatility stop (for downward breakout): $17.46 or 14.5% above the close.
Change YTD: -13.01%
Volume: 2,971,300 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 Monday.
 
Chart pattern: Double Top, Eve and Eve reversal pattern from 12/19/2023 to 12/27/2023
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.

Top

Howmet Aerospace Inc (HWM)
Industry: Aerospace/Defense
Industry RS rank: 29 out of 60
Stock RS rank: 162 out of 622
1/11/24 close: $55.51
1 Month avg volatility: $0.86. Volatility stop (for upward breakout): $53.12 or 4.3% below the close.
Change YTD: 2.57%
Volume: 2,360,800 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 12/14/2023 to 01/09/2024
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.

Top

Interpublic Group of Companies (IPG)
Industry: Advertising
Industry RS rank: 51 out of 60
Stock RS rank: 549 out of 622
1/11/24 close: $32.50
1 Month avg volatility: $0.63. Volatility stop (for downward breakout): $33.78 or 4.0% above the close.
Change YTD: -0.43%
Volume: 3,224,600 shares. 3 month avg: 6,516,800 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: Broadening top reversal pattern from 12/18/2023 to 01/11/2024
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.

Top

Marathon Oil (MRO)
Industry: Petroleum (Integrated)
Industry RS rank: 41 out of 60
Stock RS rank: 461 out of 622
1/11/24 close: $22.94
1 Month avg volatility: $0.53. Volatility stop (for downward breakout): $24.13 or 5.2% above the close.
Change YTD: -5.05%
Volume: 8,221,800 shares. 3 month avg: 10,621,542 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: Head-and-shoulders top reversal pattern from 12/18/2023 to 01/04/2024
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.

Top

Murphy Oil Corporation (MUR)
Industry: Petroleum (Integrated)
Industry RS rank: 41 out of 60
Stock RS rank: 406 out of 622
1/11/24 close: $39.27
1 Month avg volatility: $0.99. Volatility stop (for downward breakout): $41.97 or 6.9% above the close.
Change YTD: -7.95%
Volume: 1,938,400 shares. 3 month avg: 2,218,335 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, Adam and Eve reversal pattern from 12/01/2023 to 12/26/2023
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.

Top

New Jersey Resources Corp (NJR)
Industry: Natural Gas (Distributor)
Industry RS rank: 47 out of 60
Stock RS rank: 464 out of 622
1/11/24 close: $42.95
1 Month avg volatility: $0.78. Volatility stop (for downward breakout): $45.36 or 5.6% above the close.
Change YTD: -3.66%
Volume: 446,800 shares. 3 month avg: 514,131 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 12/14/2023 to 01/03/2024
Breakout 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.

Top

NVidia Corp (NVDA)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 25 out of 60
Stock RS rank: 55 out of 622
1/11/24 close: $548.22
1 Month avg volatility: $12.95. Volatility stop (for upward breakout): $509.69 or 7.0% below the close.
Change YTD: 10.70%
Volume: 59,374,900 shares. 3 month avg: 15,363,712 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: Ugly double bottom reversal pattern from 10/31/2023 to 12/04/2023
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.

Top

RLI Corp (RLI)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 15 out of 60
Stock RS rank: 337 out of 622
1/11/24 close: $137.85
1 Month avg volatility: $2.18. Volatility stop (for upward breakout): $130.67 or 5.2% below the close.
Change YTD: 3.55%
Volume: 113,300 shares. 3 month avg: 149,782 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: Pipe bottom reversal pattern from 12/11/2023 to 12/18/2023
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.

Top

Scotts Miracle-Gro Co. (SMG)
Industry: Chemical (Basic)
Industry RS rank: 36 out of 60
Stock RS rank: 550 out of 622
1/11/24 close: $59.91
1 Month avg volatility: $2.26. Volatility stop (for downward breakout): $65.76 or 9.8% above the close.
Change YTD: -6.02%
Volume: 559,900 shares. 3 month avg: 327,891 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: Head-and-shoulders top reversal pattern from 12/14/2023 to 01/08/2024
WARNING: A dead-cat bounce occurred on 08/02/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 01/31/2024.
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.

Top

Sherwin-Williams Co (SHW)
Industry: Chemical (Basic)
Industry RS rank: 36 out of 60
Stock RS rank: 147 out of 622
1/11/24 close: $297.42
1 Month avg volatility: $4.13. Volatility stop (for downward breakout): $307.61 or 3.4% above the close.
Change YTD: -4.64%
Volume: 1,337,900 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: Double Top, Adam and Eve reversal pattern from 12/15/2023 to 12/29/2023
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.

Top

Southwestern Energy Company (SWN)
Industry: Natural Gas (Diversified)
Industry RS rank: 45 out of 60
Stock RS rank: 190 out of 622
1/11/24 close: $6.72
1 Month avg volatility: $0.22. Volatility stop (for upward breakout): $6.23 or 7.4% below the close.
Change YTD: 2.60%
Volume: 85,174,700 shares. 3 month avg: 16,683,949 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: Head-and-shoulders bottom reversal pattern from 11/10/2023 to 01/04/2024
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.

Top

Valero Energy (VLO)
Industry: Petroleum (Integrated)
Industry RS rank: 41 out of 60
Stock RS rank: 174 out of 622
1/11/24 close: $128.00
1 Month avg volatility: $3.03. Volatility stop (for downward breakout): $134.14 or 4.8% above the close.
Change YTD: -1.54%
Volume: 2,244,800 shares. 3 month avg: 3,602,446 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, Adam and Adam reversal pattern from 12/20/2023 to 01/04/2024
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.

Top

Xcel Energy, Inc (XEL)
Industry: Electric Utility (West)
Industry RS rank: 54 out of 60
Stock RS rank: 412 out of 622
1/11/24 close: $61.00
1 Month avg volatility: $0.98. Volatility stop (for downward breakout): $64.30 or 5.4% above the close.
Change YTD: -1.47%
Volume: 3,809,400 shares. 3 month avg: 3,202,808 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 12/14/2023 to 01/04/2024
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.

Top

 

Support this site! Clicking any of the books (below) takes you to Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."

My Stock Market Books
My Novels

Copyright © 2005-2024 by Thomas N. Bulkowski. All rights reserved.
Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.
Some pattern names are registered trademarks of their respective owners.
Home Advertise Contact Donate Privacy/Disclaimer