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US stock market · indicator signal

RSI overbought drop on Intel

On Intel the rsi overbought drop showed up 108 times. The target came first 46% of the time, the stop 49%, and 5% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily4448%50%2%
Hourly6445%48%6%

Intel against the rest

ChartsFoundTarget firstStop firstWent nowhere
Intel10846%49%5%
All US stock market charts3,61837%60%3%
Every market36,01434%58%8%

Year by year

YearFoundTarget firstStop first
2016425%75%
2017757%43%
2019838%62%
2020450%50%
20234100%0%
20253247%44%
20264441%57%

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 overbought drop is

RSI rose above 70, then fell back below it. Buying may be tiring.

Run up a hill as fast as you can and soon you need a breather. RSI is a gauge from 0 to 100 that shows how hard price has been pushed lately. Above 70 means price was pushed up very hard, and dropping back below 70 hints the buyers may be tiring.

The full rsi overbought drop lesson, video and quiz ›

Other patterns on Intel

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

The rsi overbought drop 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 overbought drop work on Intel?

In 108 cases on Intel, the target (1.5 × ATR) came before the stop (1 × ATR) 46% of the time and the stop came first 49%; 5% went nowhere within 12 candles.

What is the rsi overbought drop?

RSI rose above 70, then fell back below it. Buying may be tiring.