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Markets › SoftBank › Gap up

Japanese stock market · price-structure setup

Gap up on SoftBank

On SoftBank the gap up showed up 332 times. The target came first 43% of the time, the stop 52%, and 5% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily15346%48%5%
Hourly17941%55%4%

SoftBank against the rest

ChartsFoundTarget firstStop firstWent nowhere
SoftBank33243%52%5%
All Japanese stock market charts1,38543%54%3%
Every market12,76840%54%6%

Year by year

YearFoundTarget firstStop first
2016838%50%
20171844%56%
20181354%46%
20191464%36%
20201323%69%
2021838%62%
2022862%25%
20231338%54%
20243139%52%
202513245%50%
20267441%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 gap up is

Price opened above the previous candle's high. It jumped up between the two candles.

Imagine a shop that shuts at night. While it is closed, everyone hears great news about a toy, so when the shop opens, the very first price is already above anything paid the day before. On a chart, a candle that starts above the top of the candle before it is called a gap up.

The full gap up lesson, video and quiz ›

Other patterns on SoftBank

Inside bar · Gap down · Stochastic bearish cross · Stochastic bullish cross · Doji · Spinning top · MACD bearish cross · MACD bullish cross · RSI overbought drop · EMA 9/21 bearish cross · all of them

The gap up elsewhere

Nikkei 225 · Sony · Toyota · Sensex · Nifty 50 · Dow Jones · S&P 500

Questions

How often does the gap up work on SoftBank?

In 332 cases on SoftBank, the target (1.5 × ATR) came before the stop (1 × ATR) 43% of the time and the stop came first 52%; 5% went nowhere within 12 candles.

What is the gap up?

Price opened above the previous candle's high. It jumped up between the two candles.