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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?
FLEX 10.16.2017 17.59 BEARISH 0.00 0.00% 17.59 IN PROGRESS
LRCX 10.16.2017 192.18 BEARISH 0.00 0.00% 192.18 IN PROGRESS
NFLX 10.16.2017 202.53 BEARISH 0.00 0.00% 202.53 IN PROGRESS
PCLN 10.16.2017 1934.72 BEARISH 0.00 0.00% 1934.72 IN PROGRESS
ADSK 10.13.2017 119.54 BEARISH -0.73 -0.61% 119.19 IN PROGRESS
XRAY 10.13.2017 58.25 BEARISH 0.12 0.21% 59.1 IN PROGRESS
BIIB 10.12.2017 332.89 BEARISH -0.62 -0.19% 335.26 IN PROGRESS
CTRP 10.12.2017 54.72 BEARISH 0.26 0.48% 55.47 IN PROGRESS
MAT 10.12.2017 15.63 BEARISH 0.01 0.06% 15.745 IN PROGRESS
ISRG 10.11.2017 360.18 BEARISH -6.98 -1.94% 353.77 IN PROGRESS
SRCL 10.11.2017 70.67 BEARISH -0.76 -1.08% 70.03 IN PROGRESS
KLAC 10.10.2017 104.37 BEARISH -0.30 -0.29% 107.28 IN PROGRESS
MU 10.10.2017 41.93 BEARISH -1.60 -3.82% 41.465 IN PROGRESS
PAYX 10.10.2017 63.64 BEARISH -0.39 -0.61% 63.4 IN PROGRESS
BA 10.09.2017 258.68 BEARISH -1.06 -0.41% 259.93 IN PROGRESS
CAT 10.09.2017 126.66 BEARISH 0.76 0.60% 131.39 IN PROGRESS
INFY 10.09.2017 14.665 BEARISH -0.11 -0.78% 14.61 IN PROGRESS
INTC 10.09.2017 39.74 BEARISH -0.72 -1.80% 39.71 IN PROGRESS
UTX 10.09.2017 118.52 BEARISH -1.06 -0.89% 119.07 IN PROGRESS
ADP 10.06.2017 113.29 BEARISH -0.84 -0.74% 114.54 IN PROGRESS
BAC 10.06.2017 26.185 BEARISH -1.01 -3.88% 26.285 IN PROGRESS
MYL 10.06.2017 38.28 BEARISH -1.01 -2.64% 38.15 IN PROGRESS
ORLY 10.06.2017 212.845 BEARISH -6.88 -3.23% 209.08 IN PROGRESS
CA 10.05.2017 33.895 BEARISH -0.51 -1.49% 33.67 IN PROGRESS
CHKP 10.05.2017 116.08 BEARISH -0.38 -0.33% 118 IN PROGRESS
FISV 10.05.2017 128.81 BEARISH -2.33 -1.81% 127.23 IN PROGRESS
SYMC 10.05.2017 33.69 BEARISH -2.40 -7.12% 32.045 IN PROGRESS
VRSN 10.05.2017 108.81 BEARISH -1.16 -1.07% 108.415 IN PROGRESS
CMCSA 10.04.2017 38.58 BEARISH -3.28 -8.50% 36.57 IN PROGRESS
PCAR 10.04.2017 74.4 BEARISH -1.98 -2.66% 72.79 IN PROGRESS
Check your stocks for patterns!
Other Candle Patterns With Signals Today
Pattern Stock Date Signal
Engulfing AMGN 10.16.2017 BEARISH
Closing Marubozu AMGN 10.16.2017 BEARISH
Dark Cloud Cover BIIB 10.16.2017 BEARISH
Belt-hold BIIB 10.16.2017 BEARISH
Spinning Top CA 10.16.2017 BULLISH
Gravestone Doji CELG 10.16.2017 BULLISH
High-Wave Candle CELG 10.16.2017 BULLISH
Doji CELG 10.16.2017 BULLISH
Harami Cross CELG 10.16.2017 BULLISH
Harami CELG 10.16.2017 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