Dear readers, one Singapore Straits Times Index (STI) has rallied 20% quietly year-to-date.
First of all, I know that I have not talked about the weekly oversold, overbought Straits Times Index (STI) screener on SG Stocks Investing for quite some time already.
It is not that I have missed the above weekly series.
Rather, I have been, as usual, scanning the STI constituent stocks weekly to identify oversold and overbought constituent stocks, that will be of interest to readers.
Ever since I last posted on the above theme on this website, Singapore stocks markets have been quietly trading, without much fanfare so that overall the Singapore stock markets are trading at a neutral RSI region.
For the trading week ended just last week 1 Mar 24, however, there is a STI constituent stock that is rather noteworthy.
This is a stock that has just reached the Overbought region of RSI =70.
This stock is none other than Yangzijiang stock which closed at $1.79 last Friday (1 Mar 24).
With the stock closing at $1.49 on 29 Dec 23 and this means that Yangzijiang stock has rallied some 20% year-to-date and is one of the Best STI perfomers year-to-date!
Please note that this post is just a sharing on insights to the Singapore stocks markets and not a recommendation of any Singapore stocks. Always do your own due diligence when it comes to investing!