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Japanese stock market · indicator signal

RSI oversold bounce on Sony

On Sony the rsi oversold bounce showed up 62 times. The target came first 37% of the time, the stop 61%, and 2% 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
Daily1644%56%0%
Hourly4635%63%2%

Sony against the rest

ChartsFoundTarget firstStop firstWent nowhere
Sony6237%61%2%
All Japanese stock market charts26946%50%4%
Every market32,72634%55%11%

Year by year

YearFoundTarget firstStop first
2020333%67%
20252737%59%
20262227%73%

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 oversold bounce is

RSI fell below 30, then climbed back above it. Selling may be tiring.

Stretch a rubber band far and it wants to snap back. RSI is a gauge from 0 to 100 that shows how hard price has been pushed up or down lately. Below 30 means price was pushed down very hard, and climbing back above 30 hints the selling may be tiring.

The full rsi oversold bounce 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 oversold bounce 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 oversold bounce work on Sony?

In 62 cases on Sony, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 61%; 2% went nowhere within 12 candles.

What is the rsi oversold bounce?

RSI fell below 30, then climbed back above it. Selling may be tiring.