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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?
AAPL 07.13.2018 191.52 BEARISH 0.00 0.00% 191.52 IN PROGRESS
ATVI 07.13.2018 81.55 BEARISH 0.00 0.00% 81.55 IN PROGRESS
INTU 07.13.2018 213.57 BEARISH 0.00 0.00% 213.57 IN PROGRESS
NIHD 07.13.2018 4.15 BEARISH 0.00 0.00% 4.15 IN PROGRESS
PAYX 07.13.2018 70.54 BEARISH 0.00 0.00% 70.54 IN PROGRESS
VRSN 07.13.2018 147.43 BEARISH 0.00 0.00% 147.43 IN PROGRESS
AXP 07.12.2018 101.12 BEARISH -1.39 -1.37% 100.42 IN PROGRESS
BA 07.12.2018 345.76 BEARISH 0.33 0.10% 350.96 IN PROGRESS
BIIB 07.12.2018 347.13 BEARISH -1.45 -0.42% 348.63 IN PROGRESS
CTRP 07.12.2018 45.4 BEARISH -0.60 -1.32% 44.97 IN PROGRESS
FSLR 07.12.2018 54.64 BEARISH -0.78 -1.43% 54.02 IN PROGRESS
GS 07.12.2018 227.21 BEARISH -2.77 -1.22% 226.26 IN PROGRESS
JNJ 07.12.2018 127.74 BEARISH -3.44 -2.69% 125.77 IN PROGRESS
JPM 07.12.2018 106.82 BEARISH -1.39 -1.30% 106.41 IN PROGRESS
MMM 07.12.2018 199.25 BEARISH 0.25 0.13% 201.22 IN PROGRESS
TRV 07.12.2018 125.94 BEARISH -0.40 -0.32% 126.52 IN PROGRESS
CAT 07.10.2018 141.19 BEARISH -5.06 -3.58% 140.68 IN PROGRESS
CELG 07.10.2018 84.64 BEARISH -1.51 -1.78% 85.66 IN PROGRESS
CTXS 07.10.2018 106.83 BEARISH -0.51 -0.48% 109.79 IN PROGRESS
ILMN 07.10.2018 291.52 BEARISH -1.52 -0.52% 307.01 IN PROGRESS
PCAR 07.10.2018 62.59 BEARISH -1.62 -2.59% 63.42 IN PROGRESS
SIRI 07.10.2018 7.025 BEARISH -0.04 -0.50% 7.09 IN PROGRESS
SRCL 07.10.2018 66.73 BEARISH -0.29 -0.43% 68.84 IN PROGRESS
ADP 07.09.2018 134.51 BEARISH -0.15 -0.11% 137.31 IN PROGRESS
ALTR 07.09.2018 34.79 BEARISH -0.95 -2.73% 34.67 IN PROGRESS
INTC 07.09.2018 51.82 BEARISH -0.55 -1.06% 52.2 IN PROGRESS
KLAC 07.09.2018 105.8 BEARISH -2.63 -2.49% 104.94 IN PROGRESS
MRVL 07.09.2018 21.995 BEARISH -0.25 -1.14% 21.82 IN PROGRESS
MU 07.09.2018 54.29 BEARISH -0.49 -0.90% 56.305 IN PROGRESS
MXIM 07.09.2018 60.575 BEARISH -0.93 -1.53% 60.96 IN PROGRESS
Check your stocks for patterns!
Other Candle Patterns With Signals Today
Pattern Stock Date Signal
Dragonfly Doji ADSK 07.13.2018 BULLISH
Takuri (Dragonfly Doji with very long lower shadow) ADSK 07.13.2018 BULLISH
Doji ADSK 07.13.2018 BULLISH
Harami Cross ADSK 07.13.2018 BEARISH
Harami ADSK 07.13.2018 BEARISH
Long Legged Doji ADSK 07.13.2018 BULLISH
Hikkake AMGN 07.13.2018 BEARISH
Long Line Candle AMGN 07.13.2018 BULLISH
Belt-hold AMGN 07.13.2018 BULLISH
High-Wave Candle ALTR 07.13.2018 BEARISH

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