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US stock market · candlestick pattern

Hanging man on Walmart

On Walmart the hanging man showed up 27 times. The target came first 30% of the time, the stop 59%, and 11% went nowhere within 12 candles.

Counted on Walmart: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily933%44%22%
Hourly1828%67%6%

Walmart against the rest

ChartsFoundTarget firstStop firstWent nowhere
Walmart2730%59%11%
All US stock market charts88938%58%4%
Every market8,31136%58%6%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the hanging man is

After a rise, a long lower wick warns that sellers are testing.

Imagine climbing to the top of a hill, slipping far down, then scrambling back up. You made it, but the slip warns that the ground up there is shaky. A hanging man is that slip, showing up after price has been rising.

The full hanging man lesson, video and quiz ›

Other patterns on Walmart

Inside bar · Stochastic bearish cross · Stochastic bullish cross · MACD bearish cross · Spinning top · Doji · Volume profile bounce · RSI overbought drop · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The hanging man elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Ethereum

Questions

How often does the hanging man work on Walmart?

In 27 cases on Walmart, the target (1.5 × ATR) came before the stop (1 × ATR) 30% of the time and the stop came first 59%; 11% went nowhere within 12 candles.

What is the hanging man?

After a rise, a long lower wick warns that sellers are testing.