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Finaxion Research · 2-day RSI (the Connors rule) · single stocks · Recomputed 2026-09-10

Does 2-day RSI (the Connors rule) work on CIEN?

2-day RSI (the Connors rule) does not beat buy-and-hold on CIEN: -0.6 points a year over 30 years.

Total return
145.2%
Buy and hold
195.6%
CAGR
3.1%
Sharpe
0.17
Max drawdown
-85.2%
Trades
736
Out of sample
partly
Years
30
0.1×1×1998200120042007201020132016201920222025
StrategyCIEN

Findings

  1. 2-day RSI (the Connors rule) does not beat buy-and-hold on CIEN: -0.6 points a year over 30 years.
  2. Against the S&P 500 over the same window: -6.8 points a year.
  3. Total return +145.2% versus +195.6% for buy-and-hold, with 736 trades.
  4. The result holds only partly out of sample.
  5. Maximum drawdown -85.2%.
  6. It beat before 2011 and stopped afterwards.
  7. It ranks #91 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 c0e771fe25fb.

Exactly what was tested

RSI(2) crosses below 10 → entry. RSI(2) crosses above 65 → exit. Next-close execution. No trend filter (we test the rule as it circulates).

How to read it

The verdict compares the strategy with buying and holding CIEN 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 CIEN → · Full page for 2-day RSI (the Connors rule) →

How to cite

Finaxion Research (2026). Does 2-day RSI (the Connors rule) work on CIEN?. Daily backtest 1962-01-01–2026-08-31, artifact c0e771fe25fb. https://finaxion.app/en/research/rsi-2-connors/cien

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