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US stock market · indicator signal

OBV bearish divergence on S&P 500

On S&P 500 the obv bearish divergence showed up 27 times. The target came first 41% of the time, the stop 59%, and 0% went nowhere within 12 candles.

Counted on S&P 500: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1118%82%0%
Hourly1656%44%0%

S&P 500 against the rest

ChartsFoundTarget firstStop firstWent nowhere
S&P 5002741%59%0%
All US stock market charts66837%60%3%
Every market8,77437%55%8%

Year by year

YearFoundTarget firstStop first
202130%100%
2023333%67%
20251362%38%
2026333%67%

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 obv bearish divergence is

Price made a higher high, but volume flow made a lower high. Buyers were running out of force.

Imagine climbing higher up a hill while fewer and fewer friends keep climbing with you. You are higher, but with less support behind you. An OBV bearish divergence is when price makes a higher high, but OBV, the running total of volume flow, does not follow it up.

The full obv bearish divergence lesson, video and quiz ›

Other patterns on S&P 500

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

The obv bearish divergence elsewhere

Nasdaq 100 · Alibaba · Broadcom · Oracle · Nvidia · Microsoft · Meta · Boeing · Amazon · Alphabet (Google) · Ethereum · Bitcoin

Questions

How often does the obv bearish divergence work on S&P 500?

In 27 cases on S&P 500, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 59%; 0% went nowhere within 12 candles.

What is the obv bearish divergence?

Price made a higher high, but volume flow made a lower high. Buyers were running out of force.