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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?
PAYX 12.13.2017 68.91 BEARISH 0.00 0.00% 68.91 IN PROGRESS
DIS 12.12.2017 107.51 BEARISH -0.73 -0.68% 107.66 IN PROGRESS
ADP 12.11.2017 117.81 BEARISH -1.03 -0.87% 117.07 IN PROGRESS
FFIV 12.11.2017 133.04 BEARISH -2.17 -1.63% 131.08 IN PROGRESS
INTU 12.11.2017 155.52 BEARISH -0.91 -0.59% 156.6 IN PROGRESS
JNJ 12.11.2017 141.07 BEARISH 0.62 0.44% 143.18 IN PROGRESS
PG 12.11.2017 90.16 BEARISH -0.25 -0.28% 90.96 IN PROGRESS
BAC 12.08.2017 29 BEARISH -0.09 -0.29% 28.915 IN PROGRESS
CAT 12.08.2017 143.9 BEARISH -0.65 -0.45% 148.51 IN PROGRESS
CERN 12.08.2017 70.4 BEARISH -1.02 -1.45% 69.65 IN PROGRESS
CTXS 12.08.2017 87.68 BEARISH -1.16 -1.32% 87.22 IN PROGRESS
GS 12.08.2017 249.83 BEARISH -0.69 -0.28% 255.83 IN PROGRESS
VOD 12.08.2017 31.215 BEARISH -0.09 -0.30% 31.32 IN PROGRESS
WYNN 12.08.2017 159.53 BEARISH 2.74 1.72% 164.75 IN PROGRESS
INFY 12.07.2017 15.675 BEARISH -0.02 -0.13% 15.91 IN PROGRESS
NTAP 12.07.2017 57.505 BEARISH 0.00 0.01% 57.81 IN PROGRESS
KO 12.06.2017 46.455 BEARISH -1.48 -3.20% 45.97 IN PROGRESS
URBN 12.06.2017 32.61 BEARISH -0.43 -1.32% 32.765 IN PROGRESS
NIHD 12.04.2017 0.2714 BEARISH -0.03 -11.57% 0.253 IN PROGRESS
GE 11.29.2017 18.445 BEARISH -0.87 -4.69% 17.775 IN PROGRESS
ILMN 11.29.2017 227.47 BEARISH -17.04 -7.49% 214.6 IN PROGRESS
COST 11.28.2017 173.66 BEARISH 0.55 0.32% 188.05 IN PROGRESS
LIFE 11.28.2017 4.25 BEARISH -0.75 -17.65% 3.65 IN PROGRESS
MMM 11.28.2017 235.68 BEARISH -0.02 -0.01% 239.16 IN PROGRESS
TEVA 11.28.2017 14.69 BEARISH -0.62 -4.22% 15.745 IN PROGRESS
SHLD 11.27.2017 3.895 BEARISH -0.04 -1.16% 4.01 IN PROGRESS
CTSH 11.24.2017 72.26 BEARISH -2.22 -3.07% 71.23 IN PROGRESS
HSIC 11.24.2017 69.98 BEARISH -2.77 -3.96% 68.6 IN PROGRESS
ISRG 11.24.2017 397.93 BEARISH -31.81 -7.99% 371.07 IN PROGRESS
QCOM 11.24.2017 68.96 BEARISH -5.06 -7.34% 64.98 IN PROGRESS
Check your stocks for patterns!
Other Candle Patterns With Signals Today
Pattern Stock Date Signal
Short Line Candle ADBE 12.13.2017 BULLISH
Short Line Candle AMGN 12.13.2017 BULLISH
Short Line Candle ALTR 12.13.2017 BEARISH
Hikkake BIIB 12.13.2017 BEARISH
Long Line Candle CA 12.13.2017 BEARISH
Hikkake CELG 12.13.2017 BEARISH
Engulfing CELG 12.13.2017 BEARISH
Belt-hold CELG 12.13.2017 BEARISH
Inverted Hammer CHRW 12.13.2017 BULLISH
Gravestone Doji CHRW 12.13.2017 BULLISH

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