As of 05/10/2024
Indus: 39,513 +125.08 +0.3%
Trans: 15,597 +84.96 +0.5%
Utils: 942 -0.84 -0.1%
Nasdaq: 16,341 -5.39 0.0%
S&P 500: 5,223 +8.60 +0.2%
|
YTD
+4.8%
-1.9%
+6.9%
+8.9%
+9.5%
|
 39,950 or 38,500 by 06/01/202415,820 or 14,600 by 05/15/2024960 or 900 by 06/01/202416,700 or 15,200 by 05/15/20245,250 or 4,850 by 05/15/2024 |
As of 05/10/2024
Indus: 39,513 +125.08 +0.3%
Trans: 15,597 +84.96 +0.5%
Utils: 942 -0.84 -0.1%
Nasdaq: 16,341 -5.39 0.0%
S&P 500: 5,223 +8.60 +0.2%
|
YTD
+4.8%
-1.9%
+6.9%
+8.9%
+9.5%
| |
|
39,950 or 38,500 by 06/01/202415,820 or 14,600 by 05/15/2024960 or 900 by 06/01/202416,700 or 15,200 by 05/15/20245,250 or 4,850 by 05/15/2024 | ||
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.
Industry: ApparelIndustry RS rank: 5 out of 60Stock RS rank: 26 out of 6222/1/24 close: $20.261 Month avg volatility: $0.64. Volatility stop (for downward breakout): $21.60 or 6.6% above the close.Change YTD: -4.25%Volume: 2,892,800 shares. 3 month avg: 4,309,748 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: Broadening top reversal pattern from 12/14/2023 to 01/19/2024Breakout 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: Precision InstrumentIndustry RS rank: 37 out of 60Stock RS rank: 501 out of 6222/1/24 close: $145.351 Month avg volatility: $3.81. Volatility stop (for downward breakout): $154.66 or 6.4% above the close.Change YTD: -5.84%Volume: 210,200 shares. 3 month avg: 149,246 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: Triple top reversal pattern from 12/14/2023 to 01/23/2024Breakout 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: Retail (Special Lines)WARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 9 out of 60Stock RS rank: 243 out of 6222/1/24 close: $4.811 Month avg volatility: $0.28. Volatility stop (for downward breakout): $5.40 or 12.2% above the close.Change YTD: 8.33%Volume: 96,200 shares. 3 month avg: 567,568 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: Double Top, Eve and Eve reversal pattern from 01/10/2024 to 01/23/2024Breakout 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: Diversified Co.Industry RS rank: 34 out of 60Stock RS rank: 33 out of 6222/1/24 close: $126.381 Month avg volatility: $2.91. Volatility stop (for upward breakout): $116.93 or 7.5% below the close.Change YTD: 6.97%Volume: 335,100 shares. 3 month avg: 293,374 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: Three Rising Valleys reversal pattern from 10/23/2023 to 01/29/2024Breakout 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: 33 out of 60Stock RS rank: 550 out of 6222/1/24 close: $21.751 Month avg volatility: $0.79. Volatility stop (for downward breakout): $23.43 or 7.7% above the close.Change YTD: -3.93%Volume: 2,270,400 shares. 3 month avg: 226,311 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: Double Top, Adam and Adam reversal pattern from 01/02/2024 to 01/10/2024WARNING: A dead-cat bounce occurred on 11/02/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/02/2024.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.
Industry: Retail Building SupplyIndustry RS rank: 24 out of 60Stock RS rank: 98 out of 6222/1/24 close: $69.841 Month avg volatility: $1.15. Volatility stop (for upward breakout): $65.66 or 6.0% below the close.Change YTD: 7.83%Volume: 4,603,300 shares. 3 month avg: 2,417,771 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: Scallop, ascending and inverted continuation pattern from 11/29/2023 to 01/09/2024Breakout 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: ElectronicsIndustry RS rank: 48 out of 60Stock RS rank: 459 out of 6222/1/24 close: $25.041 Month avg volatility: $0.65. Volatility stop (for upward breakout): $23.06 or 7.9% below the close.Change YTD: -17.79%Volume: 19,640,300 shares. 3 month avg: 3,241,565 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: Head-and-shoulders bottom reversal pattern from 01/03/2024 to 01/29/2024WARNING: A dead-cat bounce occurred on 01/03/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 04/03/2024 and a 38% chance by 07/03/2024.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.
Industry: Retail (Special Lines)WARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 9 out of 60Stock RS rank: 600 out of 6222/1/24 close: $14.421 Month avg volatility: $0.62. Volatility stop (for upward breakout): $12.79 or 11.3% below the close.Change YTD: -17.74%Volume: 2,201,300 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: Triangle, symmetrical continuation pattern from 01/11/2024 to 02/01/2024Breakout 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: HomebuildingIndustry RS rank: 2 out of 60Stock RS rank: 5 out of 6222/1/24 close: $175.291 Month avg volatility: $7.56. Volatility stop (for upward breakout): $155.55 or 11.3% below the close.Change YTD: 12.64%Volume: 68,200 shares. 3 month avg: 1,539,280 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 01/16/2024 to 01/22/2024Breakout 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: Air TransportIndustry RS rank: 58 out of 60Stock RS rank: 556 out of 6222/1/24 close: $5.581 Month avg volatility: $0.34. Volatility stop (for downward breakout): $6.29 or 12.7% above the close.Change YTD: 0.54%Volume: 18,645,300 shares. 3 month avg: 6,141,268 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 12/14/2023 to 01/08/2024Breakout 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: Medical SuppliesIndustry RS rank: 50 out of 60Stock RS rank: 457 out of 6222/1/24 close: $158.361 Month avg volatility: $1.91. Volatility stop (for downward breakout): $162.31 or 2.5% above the close.Change YTD: 1.03%Volume: 7,623,100 shares. 3 month avg: 5,464,417 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 Adam reversal pattern from 01/09/2024 to 01/22/2024Breakout 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: Semiconductor Cap Equip.WARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 10 out of 60Stock RS rank: 566 out of 6222/1/24 close: $45.481 Month avg volatility: $1.48. Volatility stop (for downward breakout): $54.04 or 18.8% above the close.Change YTD: -16.89%Volume: 2,272,800 shares. 3 month avg: 518,337 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: Triple top reversal pattern from 12/15/2023 to 01/25/2024Breakout 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: Metals and Mining (Div.)Industry RS rank: 28 out of 60Stock RS rank: 235 out of 6222/1/24 close: $15.001 Month avg volatility: $0.35. Volatility stop (for upward breakout): $13.85 or 7.6% below the close.Change YTD: 5.04%Volume: 596,500 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 01/02/2024 to 01/08/2024Breakout 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: 21 out of 60Stock RS rank: 343 out of 6222/1/24 close: $135.941 Month avg volatility: $2.62. Volatility stop (for downward breakout): $142.44 or 4.8% above the close.Change YTD: 2.12%Volume: 269,500 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 top reversal pattern from 01/16/2024 to 01/22/2024Breakout 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: Medical SuppliesIndustry RS rank: 50 out of 60Stock RS rank: 363 out of 6222/1/24 close: $32.431 Month avg volatility: $1.46. Volatility stop (for downward breakout): $40.17 or 23.9% above the close.Change YTD: -10.78%Volume: 87,200 shares. 3 month avg: 37,286 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 Friday.Chart pattern: Dead-cat bounce continuation pattern from 02/01/2024 to 02/01/2024Breakout is downward 67% of the time.Average decline: 18%.
Industry: Semiconductor Cap Equip.WARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 10 out of 60Stock RS rank: 505 out of 6222/1/24 close: $95.141 Month avg volatility: $2.79. Volatility stop (for downward breakout): $102.70 or 8.0% above the close.Change YTD: -12.33%Volume: 2,895,200 shares. 3 month avg: 2,362,042 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: Double Top, Eve and Eve reversal pattern from 12/27/2023 to 01/24/2024Breakout 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: Building MaterialsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 13 out of 60Stock RS rank: 139 out of 6222/1/24 close: $86.801 Month avg volatility: $2.19. Volatility stop (for upward breakout): $78.14 or 10.0% below the close.Change YTD: 4.84%Volume: 1,530,500 shares. 3 month avg: 245,355 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: Triangle, symmetrical continuation pattern from 12/20/2023 to 01/31/2024Breakout 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: Air TransportIndustry RS rank: 58 out of 60Stock RS rank: 569 out of 6222/1/24 close: $142.411 Month avg volatility: $2.88. Volatility stop (for downward breakout): $148.46 or 4.3% above the close.Change YTD: -9.43%Volume: 6,768,800 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 Thursday.Chart pattern: Triple top reversal pattern from 12/18/2023 to 01/26/2024Breakout 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: Healthcare InformationIndustry RS rank: 47 out of 60Stock RS rank: 309 out of 6222/1/24 close: $203.991 Month avg volatility: $4.73. Volatility stop (for upward breakout): $188.77 or 7.5% below the close.Change YTD: 5.96%Volume: 2,061,900 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: Three Rising Valleys reversal pattern from 11/10/2023 to 01/08/2024Breakout 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: Industrial ServicesIndustry RS rank: 23 out of 60Stock RS rank: 329 out of 6222/1/24 close: $48.631 Month avg volatility: $1.26. Volatility stop (for upward breakout): $45.31 or 6.8% below the close.Change YTD: 9.28%Volume: 2,817,100 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 Bottom, Eve and Eve reversal pattern from 01/08/2024 to 01/16/2024Breakout 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.
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