Markets › Bank of America › RSI oversold bounce
US stock market · indicator signal
RSI oversold bounce on Bank of America
On Bank of America the rsi oversold bounce showed up 96 times. The target came first 45% of the time, the stop 52%, and 3% went nowhere within 12 candles.
Counted on Bank of America: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 32 | 47% | 47% | 6% |
| Hourly | 64 | 44% | 55% | 2% |
Bank of America against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Bank of America | 96 | 45% | 52% | 3% |
| All US stock market charts | 2,258 | 41% | 55% | 4% |
| Every market | 32,726 | 34% | 55% | 11% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2016 | 3 | 67% | 33% |
| 2018 | 5 | 40% | 60% |
| 2020 | 3 | 33% | 67% |
| 2022 | 8 | 38% | 62% |
| 2023 | 3 | 33% | 33% |
| 2024 | 7 | 43% | 57% |
| 2025 | 30 | 43% | 57% |
| 2026 | 32 | 47% | 50% |
The last 8 times
- 8 Oct 2026, 11:30 ET · hourly · target first after 1 candle
- 1 Oct 2026, 14:30 ET · hourly · target first after 9 candles
- 1 Oct 2026, 12:30 ET · hourly · target first after 11 candles
- 30 Sep 2026, 10:30 ET · hourly · stop first after 2 candles
- 29 Sep 2026, 13:30 ET · hourly · stop first after 3 candles
- 23 Sep 2026, 13:30 ET · hourly · target first after 12 candles
- 23 Sep 2026, 09:30 ET · hourly · stop first after 1 candle
- 22 Sep 2026, 13:30 ET · hourly · stop first after 2 candles
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 Bank of America
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Gap up · Gap down · Doji · MACD bearish cross · RSI overbought drop · EMA 9/21 bullish cross · 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 Bank of America?
In 96 cases on Bank of America, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 52%; 3% went nowhere within 12 candles.
What is the rsi oversold bounce?
RSI fell below 30, then climbed back above it. Selling may be tiring.