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US stock market · candlestick pattern

Hammer on Microsoft

On Microsoft the hammer showed up 25 times. The target came first 32% of the time, the stop 60%, and 8% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily714%71%14%
Hourly1839%56%6%

Microsoft against the rest

ChartsFoundTarget firstStop firstWent nowhere
Microsoft2532%60%8%
All US stock market charts73237%59%4%
Every market11,79231%58%10%

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 hammer is

After a fall, a long lower wick shows buyers stepped in.

Drop a ball on the floor and it bounces back up. A hammer candle is like that: price fell a lot during the candle, then buyers bounced it back up near where it started. The long tail below shows how far it dropped before the bounce.

The full hammer lesson, video and quiz ›

Other patterns on Microsoft

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

The hammer elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Meta · Intel · Boeing · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum · Bitcoin

Questions

How often does the hammer work on Microsoft?

In 25 cases on Microsoft, the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 60%; 8% went nowhere within 12 candles.

What is the hammer?

After a fall, a long lower wick shows buyers stepped in.