Dear readers, new Covid-19 cases in Singapore are reported on a daily basis. The chart in relation to the reporting of the new covid-19 cases in Singapore contains the graphs pertaining to each of the following:
a) daily number of confirmed Covid-19 case since 23 Jan 20;
b) total number of confirmed Covid-19 cases since 23 Jan 20; and
c) number of discharged Covid-19 cases since 4 Feb 20
I have decided to use what is commonly used in technical analysis of investing: moving averages; to plot the 5-day and 10-day moving-average charts of the confirmed Covid-19 cases in Singapore. My objective of doing so is to endeavour to get a better sense of how the new covid-19 cases in Singapore may be developing.
Shown above are the two 5-day moving average and 10-day moving average of the new confirmed covid-19 cases in Singapore. As could be noted from the chart, the 5-day moving average peaked on 8 February and started to trend down to become lower than the 10-day moving average on 13 Feb 20. I thought from the above, this was a good sign. However, just yesterday on 14 Feb 20, the 5-day moving average starts to surpass the 10-day moving average again. This is not surprising since 9 new confirmed cases (the largest in a day for Singapore) was reported.
Eventually, a good progress for Singapore in the fight against new Covid-19 cases would be for:
a) firstly, the 5-day moving average to start trending down the 10-day moving average; and next
b) both 5-day moving and 10-day moving averages to trend down; and
c) finally the 5-day m,oving and 10-day moving average to reach a low average number of case (since 23 Jan 20) per day
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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