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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?
IBM 08.22.2017 141.06 BEARISH 0.09 0.06% 142.47 IN PROGRESS
MMM 08.22.2017 205.8 BEARISH -3.44 -1.67% 202.84 IN PROGRESS
ROST 08.22.2017 59.14 BEARISH -0.44 -0.74% 58.88 IN PROGRESS
UTX 08.22.2017 115.68 BEARISH -0.66 -0.57% 117.02 IN PROGRESS
CERN 08.21.2017 64.87 BEARISH -0.25 -0.39% 64.89 IN PROGRESS
INTU 08.21.2017 135.89 BEARISH -2.09 -1.54% 135.82 IN PROGRESS
NIHD 08.17.2017 0.6449 BEARISH -0.02 -2.51% 0.64 IN PROGRESS
CTSH 08.16.2017 72.02 BEARISH -2.64 -3.67% 70.1 IN PROGRESS
FAST 08.16.2017 43.045 BEARISH -3.23 -7.52% 41.19 IN PROGRESS
STX 08.16.2017 32.45 BEARISH -1.54 -4.75% 31.03 IN PROGRESS
ESRX 08.15.2017 61.86 BEARISH -1.77 -2.86% 61.05 IN PROGRESS
EXPE 08.15.2017 147.34 BEARISH -4.49 -3.05% 148.22 IN PROGRESS
MU 08.15.2017 29.75 BEARISH -0.38 -1.28% 30.52 IN PROGRESS
EBAY 08.14.2017 35.185 BEARISH -1.09 -3.08% 34.95 IN PROGRESS
FLEX 08.14.2017 15.82 BEARISH -0.32 -2.02% 15.655 IN PROGRESS
GOOG 08.14.2017 923.25 BEARISH -19.39 -2.10% 928.41 IN PROGRESS
PFE 08.09.2017 33.45 BEARISH -0.88 -2.63% 33.295 IN PROGRESS
XOM 08.09.2017 80.2 BEARISH -4.09 -5.10% 76.62 IN PROGRESS
DLTR 08.08.2017 75.7 BEARISH -2.91 -3.84% 74.35 IN PROGRESS
CHKP 08.07.2017 106.88 BEARISH -1.78 -1.67% 108.19 IN PROGRESS
VZ 08.07.2017 48.85 BEARISH -1.33 -2.72% 48.285 IN PROGRESS
CA 08.04.2017 31.975 BEARISH -0.02 -0.06% 32.49 IN PROGRESS
TRV 08.04.2017 129.65 BEARISH -2.64 -2.03% 127.12 IN PROGRESS
GE 08.03.2017 25.725 BEARISH -1.38 -5.36% 24.375 IN PROGRESS
PCLN 08.03.2017 2029.12 BEARISH -237.18 -11.69% 1818.81 IN PROGRESS
BAC 08.02.2017 24.565 BEARISH -1.42 -5.76% 23.78 IN PROGRESS
JPM 08.02.2017 92.97 BEARISH -2.78 -2.99% 91.77 IN PROGRESS
NVDA 08.02.2017 164.35 BEARISH -11.01 -6.70% 166.08 IN PROGRESS
ORLY 08.02.2017 209.58 BEARISH -21.33 -10.18% 195.89 IN PROGRESS
BBBY 08.01.2017 30.09 BEARISH -3.12 -10.37% 27.58 IN PROGRESS
Check your stocks for patterns!
Other Candle Patterns With Signals Today
Pattern Stock Date Signal
Marubozu ADBE 08.22.2017 BULLISH
Long Line Candle ADBE 08.22.2017 BULLISH
Closing Marubozu ADBE 08.22.2017 BULLISH
Belt-hold ADBE 08.22.2017 BULLISH
Belt-hold AMGN 08.22.2017 BULLISH
Three Inside Up/Down BIIB 08.22.2017 BULLISH
Belt-hold BIIB 08.22.2017 BULLISH
Morning Doji Star COST 08.22.2017 BULLISH
Morning Star COST 08.22.2017 BULLISH
Belt-hold COST 08.22.2017 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