Dear readers, for the trading week ended 19 Apr 2024, there were eight Straits Times Index (STI) stocks which were Oversold (RSI <30).
These eight STI stocks were:
Capitaland Ascendas Reit
Capitaland Investment stock
DairyFarm stock
Frasers Logistics and Commercial Trust
Hongkong Land stock
Mapletree Industrial Trust (just Oversold at RSI =30)
Mapletree Logistics Trust
SATS stock
It is noteworthy that half of the eight oversold STI stocks were Reits and Trusts.
The remaining STI stocks traded at neutral RSI level:
Capitaland Integrated Commercial Trust
City Development stock
DBS stock
Emperador stock
Genting Singapore stock
Jardine C&C stock
Jardine Matheson Holdings stock
Keppel Corporation stock
Mapletree Pan Asia Commercial Trust
OCBC stock
Seatrium Limited stock
Sembcorp Industries stock
SGX stock
SIA stock
Singtel stock
ST Engineering stock
Thai Beverages stock
UOB stock
UOL stock
Venture stock
Wilmar International stock
YangZiJiang stock
Technically, the STI is at its 200-days-moving-average currently: a dive below this average will indicate more downside to come for Singapore stocks markets.