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Japanese stock market · indicator signal

MACD bullish cross on SoftBank

On SoftBank the macd bullish cross showed up 116 times. The target came first 39% of the time, the stop 56%, 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
Daily6330%62%8%
Hourly5349%49%2%

SoftBank against the rest

ChartsFoundTarget firstStop firstWent nowhere
SoftBank11639%56%5%
All Japanese stock market charts45843%52%5%
Every market58,27536%55%9%

Year by year

YearFoundTarget firstStop first
2016729%71%
2017450%50%
2018729%71%
2019617%83%
2020333%67%
2021838%50%
2022650%33%
20231020%70%
2024540%40%
20252850%43%
20263241%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 macd bullish cross is

Below zero, the MACD line crossed above its signal line.

Picture a sled sliding downhill that starts to slow down. It is still going down, just less fast. MACD is a gauge that shows this kind of speeding up and slowing down, and a bullish cross below zero hints the fall is losing speed.

The full macd bullish cross lesson, video and quiz ›

Other patterns on SoftBank

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

The macd bullish cross elsewhere

Nikkei 225 · Sony · Toyota · Sensex · Nifty 50 · Dow Jones · S&P 500 · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the macd bullish cross work on SoftBank?

In 116 cases on SoftBank, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 56%; 5% went nowhere within 12 candles.

What is the macd bullish cross?

Below zero, the MACD line crossed above its signal line.