Dear readers, let us take a look at the list of Oversold, Overbought STI (Straits Times Index) stocks for the week ended 26 Jul 2019.
We have five Oversold STI stocks, as illustrated by the green cells in the table above. These Oversold stocks are Capitacommerical Trust, SATS, JSH USD, Singtel and SPH (orange cells).
On the other hand, we have the same number of Overbought STI stocks; they are the three banking stocks (DBS, OCBC, UOB) followed by Genting Singapore and Wilmar International stock.
As usual, Oversold and Overbought stocks do not represent a Buy and Sell signal respectively for these stocks. It is just an indication of how the stocks are performing at a particular moment of time.
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