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Finaxion Research · RSI 14: buy oversold (30/70) · single stocks · Recomputed 2026-09-10

Does RSI 14: buy oversold (30/70) work on PM?

RSI 14: buy oversold (30/70) does not beat buy-and-hold on PM: -1.6 points a year over 18 years.

Total return
578.0%
Buy and hold
785.7%
CAGR
10.9%
Sharpe
0.53
Max drawdown
-27.3%
Trades
42
Out of sample
—
Years
18
1×4.9×200920112013201520172019202120232025
StrategyPM

Findings

  1. RSI 14: buy oversold (30/70) does not beat buy-and-hold on PM: -1.6 points a year over 18 years.
  2. Against the S&P 500 over the same window: -1.3 points a year.
  3. Total return +578.0% versus +785.7% for buy-and-hold, with 42 trades.
  4. Maximum drawdown -27.3%.
  5. It did not beat before 2017 and started afterwards.
  6. It ranks #34 of 235 markets for this strategy by annual excess over the S&P 500.

Findings derived from the full panel. Each carries its number and its denominator; the computations are reproducible with artifact 4941ce415f47.

Exactly what was tested

RSI(14) crosses below 30 → entry. RSI(14) crosses above 70 → exit. Next-close execution.

How to read it

The verdict compares the strategy with buying and holding PM over the same window, with round-trip costs per asset class. “Out of sample” is walk-forward: the rule is fit on one stretch and judged on the next. A result that beats in the full sample but not out of it is overfit. Full methodology in the protocol. How we test.

Open this backtest with its trades   Trades (CSV)

Every strategy on PM → · Full page for RSI 14: buy oversold (30/70) →

How to cite

Finaxion Research (2026). Does RSI 14: buy oversold (30/70) work on PM?. Daily backtest 1962-01-01–2026-08-31, artifact 4941ce415f47. https://finaxion.app/en/research/rsi-14-oversold/pm

Not a recommendation. Past performance does not guarantee future results.