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Japanese stock market · indicator signal

Stochastic bullish cross on SoftBank

On SoftBank the stochastic bullish cross showed up 238 times. The target came first 44% of the time, the stop 53%, and 3% 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
Daily12046%50%4%
Hourly11842%57%2%

SoftBank against the rest

ChartsFoundTarget firstStop firstWent nowhere
SoftBank23844%53%3%
All Japanese stock market charts93745%53%3%
Every market98,04135%57%8%

Year by year

YearFoundTarget firstStop first
20161060%40%
20171030%70%
20181250%50%
2019933%56%
2020956%44%
20211735%59%
20221145%45%
20231369%23%
20241560%33%
20257148%51%
20266130%69%

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 stochastic bullish cross is

Below 20, the fast stochastic line crossed above the slow one.

Imagine a swing that has gone as far back as it can and starts to come forward again. The stochastic is a gauge from 0 to 100 that shows where price closed compared with its recent highs and lows. Below 20 means price is near the bottom of its recent range, and a bullish cross there hints the swing may be turning.

The full stochastic bullish cross lesson, video and quiz ›

Other patterns on SoftBank

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

The stochastic 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 stochastic bullish cross work on SoftBank?

In 238 cases on SoftBank, the target (1.5 × ATR) came before the stop (1 × ATR) 44% of the time and the stop came first 53%; 3% went nowhere within 12 candles.

What is the stochastic bullish cross?

Below 20, the fast stochastic line crossed above the slow one.