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US stock market · indicator signal

RSI oversold bounce on Apple

On Apple the rsi oversold bounce showed up 68 times. The target came first 37% of the time, the stop 57%, and 6% went nowhere within 12 candles.

Counted on Apple: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2339%57%4%
Hourly4536%58%7%

Apple against the rest

ChartsFoundTarget firstStop firstWent nowhere
Apple6837%57%6%
All US stock market charts2,25841%55%4%
Every market32,72634%55%11%

Year by year

YearFoundTarget firstStop first
2016367%33%
2018425%75%
2023333%67%
20253537%60%
20261540%47%

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 rsi oversold bounce is

RSI fell below 30, then climbed back above it. Selling may be tiring.

Stretch a rubber band far and it wants to snap back. RSI is a gauge from 0 to 100 that shows how hard price has been pushed up or down lately. Below 30 means price was pushed down very hard, and climbing back above 30 hints the selling may be tiring.

The full rsi oversold bounce lesson, video and quiz ›

Other patterns on Apple

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · RSI overbought drop · MACD bearish cross · Gap down · Gap up · Doji · Volume profile bounce · all of them

The rsi oversold bounce 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 · Silver

Questions

How often does the rsi oversold bounce work on Apple?

In 68 cases on Apple, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 57%; 6% went nowhere within 12 candles.

What is the rsi oversold bounce?

RSI fell below 30, then climbed back above it. Selling may be tiring.