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Japanese stock market · indicator signal

RSI overbought drop on Sony

On Sony the rsi overbought drop showed up 109 times. The target came first 39% of the time, the stop 56%, and 5% went nowhere within 12 candles.

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

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily5833%64%3%
Hourly5147%47%6%

Sony against the rest

ChartsFoundTarget firstStop firstWent nowhere
Sony10939%56%5%
All Japanese stock market charts41942%56%3%
Every market36,01434%58%8%

Year by year

YearFoundTarget firstStop first
20171331%62%
2018450%50%
201940%100%
20201323%77%
2021650%50%
2022333%33%
2023425%75%
2024850%50%
20253142%52%
20262250%45%

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 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 Sony

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

The rsi overbought drop elsewhere

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

Questions

How often does the rsi overbought drop work on Sony?

In 109 cases on Sony, 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 rsi overbought drop?

RSI rose above 70, then fell back below it. Buying may be tiring.