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Japanese stock market · indicator signal

OBV bullish divergence on Toyota

On Toyota the obv bullish divergence showed up 21 times. The target came first 57% of the time, the stop 43%, and 0% went nowhere within 12 candles.

Counted on Toyota Motor: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily862%38%0%
Hourly1354%46%0%

Toyota against the rest

ChartsFoundTarget firstStop firstWent nowhere
Toyota2157%43%0%
All Japanese stock market charts5645%54%2%
Every market8,28036%55%9%

Year by year

YearFoundTarget firstStop first
2023475%25%
2025743%57%
2026667%33%

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 bullish divergence is

Price made a lower low, but volume flow made a higher low. Sellers were running out of force.

Imagine a tug of war where one team pulls the rope lower, but fewer and fewer people are pulling with them. OBV counts how much trading pushes price up versus down. A bullish divergence is when price makes a lower low, but OBV does not follow it down.

The full obv bullish divergence lesson, video and quiz ›

Other patterns on Toyota

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

The obv bullish divergence elsewhere

Sony · Ethereum · Bitcoin

Questions

How often does the obv bullish divergence work on Toyota?

In 21 cases on Toyota, the target (1.5 × ATR) came before the stop (1 × ATR) 57% of the time and the stop came first 43%; 0% went nowhere within 12 candles.

What is the obv bullish divergence?

Price made a lower low, but volume flow made a higher low. Sellers were running out of force.