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Markets › Meta › RSI overbought drop

US stock market · indicator signal

RSI overbought drop on Meta

On Meta the rsi overbought drop showed up 128 times. The target came first 26% of the time, the stop 66%, and 8% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily6627%67%6%
Hourly6224%66%10%

Meta against the rest

ChartsFoundTarget firstStop firstWent nowhere
Meta12826%66%8%
All US stock market charts3,61837%60%3%
Every market36,01434%58%8%

Year by year

YearFoundTarget firstStop first
2016333%33%
20171118%73%
2018633%67%
2019540%40%
2020633%67%
2021367%33%
20231421%71%
20241225%75%
20253923%74%
20262924%59%

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 Meta

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

The rsi overbought drop elsewhere

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

Questions

How often does the rsi overbought drop work on Meta?

In 128 cases on Meta, the target (1.5 × ATR) came before the stop (1 × ATR) 26% of the time and the stop came first 66%; 8% went nowhere within 12 candles.

What is the rsi overbought drop?

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