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US stock market · candlestick pattern

Shooting star on Microsoft

On Microsoft the shooting star showed up 28 times. The target came first 46% of the time, the stop 46%, and 7% 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
Daily1354%38%8%
Hourly1540%53%7%

Microsoft against the rest

ChartsFoundTarget firstStop firstWent nowhere
Microsoft2846%46%7%
All US stock market charts74137%60%3%
Every market10,01336%57%7%

Year by year

YearFoundTarget firstStop first
2016367%33%
2021367%33%
202330%100%
2025743%57%
2026757%43%

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 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 shooting star elsewhere

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

Questions

How often does the shooting star work on Microsoft?

In 28 cases on Microsoft, the target (1.5 × ATR) came before the stop (1 × ATR) 46% of the time and the stop came first 46%; 7% went nowhere within 12 candles.

What is the shooting star?

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