Markets › SoftBank › RSI overbought drop
Japanese stock market · indicator signal
RSI overbought drop on SoftBank
On SoftBank the rsi overbought drop showed up 110 times. The target came first 34% of the time, the stop 65%, and 2% went nowhere within 12 candles.
Counted on SoftBank Group: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 56 | 30% | 70% | 0% |
| Hourly | 54 | 37% | 59% | 4% |
SoftBank against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| SoftBank | 110 | 34% | 65% | 2% |
| All Japanese stock market charts | 419 | 42% | 56% | 3% |
| Every market | 36,014 | 34% | 58% | 8% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2016 | 3 | 33% | 67% |
| 2017 | 5 | 40% | 60% |
| 2019 | 7 | 43% | 57% |
| 2020 | 9 | 33% | 67% |
| 2021 | 3 | 67% | 33% |
| 2023 | 3 | 0% | 100% |
| 2024 | 8 | 25% | 75% |
| 2025 | 53 | 28% | 68% |
| 2026 | 15 | 53% | 47% |
The last 8 times
- 11 Sep 2026, 09:00 JST · hourly · target first after 6 candles
- 10 Sep 2026, 09:00 JST · hourly · target first after 6 candles
- 4 Sep 2026, 13:00 JST · hourly · stop first after 1 candle
- 18 Aug 2026, 10:00 JST · hourly · target first after 3 candles
- 10 Jul 2026, 15:00 JST · hourly · stop first after 1 candle
- 3 Jun 2026, 09:00 JST · hourly · target first after 6 candles
- 3 Jun 2026 · daily · target first after 2 candles
- 27 May 2026 · daily · stop first after 3 candles
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 SoftBank
Inside bar · Gap up · Gap down · Stochastic bearish cross · Stochastic bullish cross · Doji · Spinning top · MACD bearish cross · MACD bullish cross · EMA 9/21 bearish cross · all of them
The rsi overbought drop elsewhere
Nikkei 225 · Sony · Toyota · Sensex · Nifty 50 · Dow Jones · S&P 500 · GBP/USD · EUR/JPY · Gold · Silver
Questions
How often does the rsi overbought drop work on SoftBank?
In 110 cases on SoftBank, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 65%; 2% went nowhere within 12 candles.
What is the rsi overbought drop?
RSI rose above 70, then fell back below it. Buying may be tiring.