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US stock market · candlestick pattern

Shooting star on ExxonMobil

On ExxonMobil the shooting star showed up 23 times. The target came first 22% of the time, the stop 74%, and 4% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1020%80%0%
Hourly1323%69%8%

ExxonMobil against the rest

ChartsFoundTarget firstStop firstWent nowhere
ExxonMobil2322%74%4%
All US stock market charts74137%60%3%
Every market10,01336%57%7%

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 shooting star is

After a rise, buyers pushed up and sellers slammed it back down.

A firework shoots high into the sky, sparkles, and then falls back down. A shooting star candle is like that: after a rise, price shot up during the candle, then sellers pushed it back down near where it started. The long top wick is the trail it left behind.

The full shooting star lesson, video and quiz ›

Other patterns on ExxonMobil

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

The shooting star elsewhere

Dow Jones · Alibaba · Tesla · Broadcom · Oracle · Microsoft · Meta · Intel · Boeing · Amazon · Sony · GBP/USD · EUR/JPY · Silver · Ethereum · Bitcoin

Questions

How often does the shooting star work on ExxonMobil?

In 23 cases on ExxonMobil, the target (1.5 × ATR) came before the stop (1 × ATR) 22% of the time and the stop came first 74%; 4% went nowhere within 12 candles.

What is the shooting star?

After a rise, buyers pushed up and sellers slammed it back down.