Dear readers, in this post, let us discover the best bargains in the Straits Times Index (STI) right now!
What will qualify for the best bargains? Well, what about Oversold STI stocks based on RSI level of each oversold stock below 30? Definitely, Oversold and Overbought stocks based on RSI are based on investment classics, but we can nevertheless still take a look.
There are 9 oversold STI stocks as at 26 May 2023, as below.
Oversold STI stocks:
Capitaland Investment stock
Capitaland Ascendas Reit
Frasers Logistics and Commercial Trust
Keppel DC Reit
Mapletree Industrial Trust
Mapletree Logistics Trust
Mapletree Pan Asia Commercial Trust
Singtel stock
Thai Beverages stock
Of the above, Frasers Logistics and Commercial Trust, Mapletree Logistics Trust and Thai Beverages stock were also oversold two weeks ago.
As for overbought STI stocks, there are four of them, as follows:
Overbought STI stocks:
Emperador stock
SATS stock
Sembcorp Industries stock
SIA stock
We have hence 17 STI stocks trading in a neutral RSI zone.
STI stocks trading in neutral RSI zone:
Capitaland Integrated Commercial Trust
City Development stock
DairyFarm stock
DBS stock
Genting Singapore stock
Hongkong Land stock
Jardine C&C stock
Jardine Matheson Holdings stock
Keppel Corporation stock
OCBC stock
SGX stock
ST Engineering stock
UOB stock
UOL stock
Venture stock
Wilmar International stock
YangZiJiang stock
I will not recommend investing in a stock based solely on oversold levels. This post is none other than a weekly series to track the development of the STI and its constituent stocks and not a buy recommendation.
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