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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?
BIDU 09.20.2018 230.8 BEARISH - - 187.11 NO
CSCO 09.20.2018 47.76 BEARISH - - 46.465 NO
EXPE 09.20.2018 134.27 BEARISH - - 116.85 NO
GRMN 09.20.2018 69.73 BEARISH - - 65.45 NO
ISRG 09.20.2018 561.28 BEARISH - - 518.12 NO
MCHP 09.20.2018 83.365 BEARISH - - 75.59 NO
MMM 09.20.2018 215.09 BEARISH - - 209 NO
MSFT 09.20.2018 113.65 BEARISH - - 108.31 NO
QGEN 09.20.2018 38.32 BEARISH - - 34.57 NO
SHLD 09.20.2018 1.295 BEARISH - - 0.355 NO
STX 09.20.2018 48.97 BEARISH - - 43.25 NO
XLNX 09.20.2018 78.97 BEARISH - - 90.39 NO
PFE 09.14.2018 42.995 BEARISH - - 43.47 NO
PG 09.14.2018 83.63 BEARISH - - 93.72 NO
FISV 09.13.2018 81.14 BEARISH - - 80.23 NO
MRVL 09.13.2018 18.565 BEARISH - - 15.905 NO
AMZN 09.12.2018 1989.46 BEARISH - - 1596.27 NO
CHKP 09.12.2018 117.95 BEARISH - - 114.16 NO
FSLR 09.12.2018 48.9 BEARISH - - 44.41 NO
INTU 09.12.2018 225.78 BEARISH - - 211.38 NO
SYMC 09.10.2018 19.875 BEARISH - - 23.095 NO
COST 09.06.2018 236.7 BEARISH - - 230.59 NO
CTSH 09.06.2018 75.76 BEARISH - - 70.31 NO
KLAC 09.04.2018 118.07 BEARISH - - 96.88 NO
ADBE 08.28.2018 262.94 BEARISH - - 238.53 NO
MCD 08.28.2018 161.57 BEARISH - - 187.59 NO
MU 08.28.2018 52.325 BEARISH - - 39.425 NO
VRSN 08.28.2018 159.06 BEARISH - - 155.73 NO
ATVI 08.27.2018 74.14 BEARISH - - 51.005 NO
BIIB 08.27.2018 342.32 BEARISH - - 324.04 NO
Check your stocks for patterns!
Other Candle Patterns With Signals Today
Pattern Stock Date Signal
Shooting Star ADSK 09.20.2018 BEARISH
Short Line Candle ADSK 09.20.2018 BULLISH
Short Line Candle AMGN 09.20.2018 BULLISH
Short Line Candle ALTR 09.20.2018 BEARISH
High-Wave Candle BIIB 09.20.2018 BULLISH
Spinning Top BIIB 09.20.2018 BULLISH
Engulfing CA 09.20.2018 BEARISH
Short Line Candle CHRW 09.20.2018 BEARISH
Inverted Hammer COST 09.20.2018 BULLISH
Gravestone Doji COST 09.20.2018 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