Are there any tools that allow you to measure probability level of a stock reversing

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Are there any tools that allow you to measure probability level of a stock reversing

<!-- SC_OFF --><div class="md"><p>A lot of the technical indicators out there tend to be image based using bars and lines. Is there any tool that tells you something like &quot;based on average drawdown in the past blank period there is 1% probability that this stock will bounce off&quot; at 3000 bla bla bla bla. </p> <p>So far I've been using a mental heuristics to time the market which has worked for me so far during corrections for example for the stock market 2% correction has a good probability of reversing, 5% correction has a high probability of reversing, 10% has a very high probability of reversing etc for the SP500.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MisterShogunate"> /u/MisterShogunate </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/pzdi4u/are_there_any_tools_that_allow_you_to_measure/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/pzdi4u/are_there_any_tools_that_allow_you_to_measure/">[comments]</a></span>Kind Regards R