StockstoWatch Be there, before the crowd!

Hanging Man Pattern Indicator

Hanging Man Description.

The overall concept of the hanging man candlestick is a bearish pattern. Even the bullish hanging man is bearish, but is deemed a weaker signal than the bearish hanging man. The pattern looks very much like a hammer, with a small shadow or body at the top of a long wick. The bearish hanging man candlestick opens at the high of the day, and proceeds to fall during the session. At some point it reverses but never quite reaches the open price, and closes just below the open. Those who watch this pattern need to keep an eye on their stocks over the coming days to see if the price starts to fall, thus confirming the pattern.

Last patterns detected
Stock Date The date the latest pattern was detected for this stock. Price The closing price of this stock on the detected date. Signal The type of signal this pattern is suggesting. Bullish (buy) Bearish (sell). Determined by pattern type or previous price action. See pattern descriptions. Gain The maximum gain, in cents, which was possible during 20 days from detection, in the patterns suggested direction. Not including any drawdown or negative moves. Gain % The maximum gain, in percent, which was possible during 20 days from detection, in the patterns suggested direction. Not including any drawdown or negative moves. Current Price Success?
AAPL 05.24.2018 188.07 BEARISH 0.00 0.00% 188.07 IN PROGRESS
ADP 05.24.2018 130.25 BEARISH 0.00 0.00% 130.25 IN PROGRESS
ADSK 05.24.2018 139.125 BEARISH 0.00 0.00% 139.125 IN PROGRESS
BIIB 05.24.2018 284.06 BEARISH 0.00 0.00% 284.06 IN PROGRESS
COST 05.24.2018 198.81 BEARISH 0.00 0.00% 198.81 IN PROGRESS
CTXS 05.24.2018 106.49 BEARISH 0.00 0.00% 106.49 IN PROGRESS
GOOG 05.24.2018 1078.44 BEARISH 0.00 0.00% 1078.44 IN PROGRESS
MXIM 05.24.2018 58.8 BEARISH 0.00 0.00% 58.8 IN PROGRESS
PAYX 05.24.2018 65.82 BEARISH 0.00 0.00% 65.82 IN PROGRESS
VRSN 05.24.2018 128.3 BEARISH 0.00 0.00% 128.3 IN PROGRESS
WMT 05.24.2018 82.85 BEARISH 0.00 0.00% 82.85 IN PROGRESS
CELG 05.23.2018 77.56 BEARISH 1.06 1.37% 79.43 IN PROGRESS
KLAC 05.21.2018 111.55 BEARISH 0.17 0.15% 113.47 IN PROGRESS
SBUX 05.18.2018 57.19 BEARISH -0.32 -0.56% 57.66 IN PROGRESS
PG 05.17.2018 73.845 BEARISH -0.69 -0.94% 73.75 IN PROGRESS
XOM 05.17.2018 81.87 BEARISH -1.85 -2.26% 80.3 IN PROGRESS
MU 05.15.2018 53.96 BEARISH -0.89 -1.65% 61.42 IN PROGRESS
EXPE 05.14.2018 114.6 BEARISH -1.39 -1.21% 116.92 IN PROGRESS
HD 05.14.2018 190.78 BEARISH -5.83 -3.06% 187.08 IN PROGRESS
MMM 05.14.2018 205.49 BEARISH -8.82 -4.29% 199.29 IN PROGRESS
ADBE 05.11.2018 241.52 BEARISH -7.90 -3.27% 244.98 IN PROGRESS
BIDU 05.11.2018 270.1 BEARISH -32.13 -11.90% 240.31 IN PROGRESS
DIS 05.11.2018 102.01 BEARISH -0.77 -0.75% 102.04 IN PROGRESS
SRCL 05.11.2018 64.22 BEARISH -1.29 -2.01% 63.17 IN PROGRESS
GE 05.10.2018 14.675 BEARISH -0.54 -3.65% 14.555 IN PROGRESS
INTC 05.10.2018 54.96 BEARISH -1.39 -2.53% 54.69 IN PROGRESS
MRVL 05.10.2018 21.395 BEARISH -0.56 -2.62% 21.985 IN PROGRESS
NWSA 05.10.2018 16.63 BEARISH -1.41 -8.48% 15.53 IN PROGRESS
AMZN 05.09.2018 1606 BEARISH -39.94 -2.49% 1601.95 IN PROGRESS
CSCO 05.09.2018 45.97 BEARISH -3.07 -6.68% 43.535 IN PROGRESS
Check your stocks for patterns!
Other Candle Patterns With Signals Today
Pattern Stock Date Signal
Three Outside Up/Down ADBE 05.24.2018 BULLISH
Spinning Top ADBE 05.24.2018 BULLISH
Dragonfly Doji ADSK 05.24.2018 BULLISH
Takuri (Dragonfly Doji with very long lower shadow) ADSK 05.24.2018 BULLISH
Doji ADSK 05.24.2018 BULLISH
Hanging Man ADSK 05.24.2018 BEARISH
Long Legged Doji ADSK 05.24.2018 BULLISH
Long Line Candle AMGN 05.24.2018 BEARISH
Belt-hold AMGN 05.24.2018 BEARISH
Short Line Candle ALTR 05.24.2018 BEARISH

More About This Pattern

As you can see on the chart example, this stock gapped up with a higher open than the previous days close. During the trading session the price fell, to a low which reversed but could not find the strength to close positive.

Over the next few sessions the price fell rapidly, and confirmed the bearish hanging man candlestick was indeed worth watching.

Chart Example