Dear readers, there is crrently one oversold Singapore Straits Times Index (STI) stock right now trading on the Singapore stocks markets. Before we get to that, let us take a look at the overall performance of the Singapore stocks markets, as measured by the Straits Times Index.
The week ended 6 Nov 2020 saw the most convoluted US Presidential Election in recent years. Following the clear lead that Joe Biden has over Donald Trump, the Straits Times Index (STI) has rallied along with other overseas stocks markets.
The rally of the STI has brought some STI stocks to the Overbought (RSI>70) level. Four STI stocks are now Overbought and they are:
DairyFarm stock
JMH USD stock
Sembcorp Industries stock
Thai Beverages stock
The bulk of the STI stocks remain neither overbought and oversold:
Ascendas Reit
Capitaland stock
Capitaland Integrated Commerical Trust
ComfortDelgro stock
DBS stock
Genting Singapore stock
Hongkong Land
Jardine C&C stock
JSH USD stock
Keppel Corporation stock
Keppel DC Reit
Mapletree Commercial Trust
Mapletree Industrial Trust
Mapletree Logistics Trust
OCBC stock
SATS stock
SGX stock
SIA stock
Singtel stock
ST Engineering stock
UOB stock
UOL stock
Venture stock
Wilmar International stock
YangZiJiang stock
This leaves one STI stocks to be oversold and it is none other than:
City Development stock
Next week, be prepared for a more volatile trading week if there are challenges to the US Presidential votes count and if there are more protests and chaos in US emerging over the votes count.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! 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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