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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 05.22.2017 152.65 BEARISH 0.00 0.00% 152.65 IN PROGRESS
LRCX 05.22.2017 152.84 BEARISH 0.00 0.00% 152.84 IN PROGRESS
STX 05.22.2017 42.81 BEARISH 0.00 0.00% 42.81 IN PROGRESS
XOM 05.22.2017 82.255 BEARISH 0.00 0.00% 82.255 IN PROGRESS
INTU 05.16.2017 127.48 BEARISH -3.07 -2.41% 127.22 IN PROGRESS
MRK 05.16.2017 63.81 BEARISH -0.90 -1.41% 64.1 IN PROGRESS
MRVL 05.16.2017 16.26 BEARISH -0.96 -5.87% 16.185 IN PROGRESS
NVDA 05.16.2017 136.63 BEARISH -8.56 -6.27% 138.88 IN PROGRESS
NWSA 05.16.2017 12.945 BEARISH -0.34 -2.59% 13.13 IN PROGRESS
XRAY 05.16.2017 62.14 BEARISH -0.97 -1.56% 62.66 IN PROGRESS
ALXN 05.15.2017 120.99 BEARISH -8.18 -6.76% 115.3 IN PROGRESS
MCD 05.15.2017 146.23 BEARISH -0.18 -0.12% 148.15 IN PROGRESS
SBUX 05.15.2017 60.415 BEARISH -1.02 -1.70% 61.23 IN PROGRESS
YHOO 05.15.2017 49.83 BEARISH -1.53 -3.08% 50.65 IN PROGRESS
DIS 05.12.2017 109.65 BEARISH -3.90 -3.56% 107.615 IN PROGRESS
ILMN 05.12.2017 182.43 BEARISH -7.82 -4.29% 175.055 IN PROGRESS
ISRG 05.11.2017 845.42 BEARISH -2.06 -0.24% 893.95 IN PROGRESS
ADBE 05.08.2017 135.05 BEARISH -3.14 -2.33% 138.97 IN PROGRESS
CMCSA 05.08.2017 39.165 BEARISH -1.18 -3.01% 39.535 IN PROGRESS
MCHP 05.08.2017 75.45 BEARISH -0.14 -0.19% 81.2 IN PROGRESS
SYMC 05.08.2017 32.42 BEARISH -3.46 -10.67% 29.6 IN PROGRESS
AMAT 05.05.2017 41.81 BEARISH -0.36 -0.86% 44.76 IN PROGRESS
HD 05.05.2017 155.6 BEARISH -0.23 -0.15% 155.99 IN PROGRESS
HPQ 05.05.2017 18.895 BEARISH -0.23 -1.22% 19.115 IN PROGRESS
KLAC 05.05.2017 100.94 BEARISH -1.43 -1.42% 102.77 IN PROGRESS
MXIM 05.05.2017 45.535 BEARISH 0.00 0.00% 46.75 IN PROGRESS
ORLY 05.05.2017 252.76 BEARISH -5.41 -2.14% 248.74 IN PROGRESS
QCOM 05.05.2017 54.92 BEARISH -0.48 -0.87% 59.2 IN PROGRESS
TEVA 05.05.2017 31.125 BEARISH -1.72 -5.53% 29.435 IN PROGRESS
VOD 05.05.2017 26.99 BEARISH -0.25 -0.94% 29.595 IN PROGRESS
Check your stocks for patterns!
Other Candle Patterns With Signals Today
Pattern Stock Date Signal
Belt-hold ADBE 05.22.2017 BULLISH
Belt-hold ADSK 05.22.2017 BULLISH
High-Wave Candle AMGN 05.22.2017 BEARISH
Hikkake AMGN 05.22.2017 BULLISH
Spinning Top AMGN 05.22.2017 BEARISH
Matching Low BIIB 05.22.2017 BULLISH
Homing Pigeon BIIB 05.22.2017 BULLISH
Harami BIIB 05.22.2017 BULLISH
Long Line Candle CA 05.22.2017 BULLISH
Belt-hold CA 05.22.2017 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