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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?
NFLX 06.22.2017 155.03 BEARISH -1.19 -0.77% 157.87 IN PROGRESS
WFM 06.22.2017 43.21 BEARISH 0.10 0.23% 43.46 IN PROGRESS
CTRP 06.20.2017 54.055 BEARISH 0.10 0.19% 55.61 IN PROGRESS
CAT 06.19.2017 107.54 BEARISH -5.07 -4.71% 104 IN PROGRESS
CHRW 06.19.2017 70.12 BEARISH -3.13 -4.46% 67.03 IN PROGRESS
DLTR 06.19.2017 70.605 BEARISH -4.40 -6.22% 66.61 IN PROGRESS
INTC 06.19.2017 35.5 BEARISH -1.39 -3.92% 34.215 IN PROGRESS
MMM 06.19.2017 213.38 BEARISH -1.63 -0.76% 212.89 IN PROGRESS
URBN 06.19.2017 18.165 BEARISH -1.02 -5.59% 17.755 IN PROGRESS
AKAM 06.16.2017 49.39 BEARISH -0.93 -1.88% 51.32 IN PROGRESS
CSCO 06.16.2017 31.57 BEARISH -0.05 -0.14% 32.11 IN PROGRESS
GE 06.16.2017 28.895 BEARISH -1.38 -4.79% 27.535 IN PROGRESS
GOOG 06.16.2017 939.21 BEARISH 11.11 1.18% 965.14 IN PROGRESS
MSFT 06.16.2017 69.9 BEARISH -0.15 -0.21% 70.99 IN PROGRESS
T 06.16.2017 38.87 BEARISH -1.02 -2.64% 37.895 IN PROGRESS
TRV 06.16.2017 129.37 BEARISH -1.82 -1.41% 127.64 IN PROGRESS
YHOO 06.16.2017 52.74 BEARISH 0.00 0.00% 52.74 IN PROGRESS
PCAR 06.15.2017 65.1 BEARISH -2.72 -4.18% 62.5 IN PROGRESS
AAPL 06.13.2017 146.48 BEARISH -4.15 -2.83% 146.425 IN PROGRESS
ATVI 06.13.2017 57.84 BEARISH -0.52 -0.90% 60.35 IN PROGRESS
MCHP 06.13.2017 83.45 BEARISH -3.43 -4.11% 81.52 IN PROGRESS
MXIM 06.13.2017 47.08 BEARISH -1.74 -3.70% 45.91 IN PROGRESS
NVDA 06.13.2017 151.62 BEARISH -5.12 -3.38% 154.26 IN PROGRESS
EXPD 06.09.2017 54.81 BEARISH -0.18 -0.33% 55.375 IN PROGRESS
TEVA 06.09.2017 30.255 BEARISH -0.20 -0.64% 32.59 IN PROGRESS
AMZN 06.08.2017 1010.4 BEARISH -63.22 -6.26% 1000.69 IN PROGRESS
CHKP 06.08.2017 115.43 BEARISH -8.01 -6.94% 113.9 IN PROGRESS
MU 06.08.2017 32.44 BEARISH -3.03 -9.36% 31.775 IN PROGRESS
CMCSA 06.07.2017 41.935 BEARISH -2.51 -5.97% 39.53 IN PROGRESS
EBAY 06.07.2017 35.82 BEARISH -1.87 -5.22% 35.535 IN PROGRESS
Check your stocks for patterns!
Other Candle Patterns With Signals Today
Pattern Stock Date Signal
Hikkake ADBE 06.23.2017 BULLISH
Engulfing ADBE 06.23.2017 BULLISH
Short Line Candle ADBE 06.23.2017 BULLISH
Three Outside Up/Down ADSK 06.23.2017 BULLISH
Tasuki Gap AMGN 06.23.2017 BULLISH
Hammer AMGN 06.23.2017 BULLISH
Three Outside Up/Down CA 06.23.2017 BEARISH
Hammer CA 06.23.2017 BULLISH
Short Line Candle CA 06.23.2017 BEARISH
Engulfing CELG 06.23.2017 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