Dear readers, let us take a look at the oversold Singapore Straits Times Index (STI) stocks for the trading week ended 27 Nov 20. These oversold STI stocks are stocks whose RSI are below 30.
Currently, we still have the Singapore stocks being very overbought despite the Straits Times Index inching slightly in recent sessions. The STI is now still overbought and it is not surprising given that more than half of the STI constituent stocks are now overbought. Lets take a look at these seventeen overbought STI stocks right now:
Capitaland stock
City Development stock
ComfortDelgro stock
DBS stock
Genting Singapore stock
JMH USD stock
Keppel Corporation stock
Mapletree Commercial Trust
OCBC stock
SATS stock
Sembcorp Industries stock
SIA stock
Singtel stock
ST Engineering stock
Thai Beverages stock
UOB stock
UOL stock
Against the current overbought Singapore stocks markets backdrop, it may be hard to identify STI stocks which are now oversold. But there are still three STI stocks which are oversold and they are:
Mapletree Industrial Trust
Mapletree Logistics Trust
Venture stock
As I have always mentioned, oversold stocks does not mean that they will rebound anytime soon. My screening of oversold STI stocks done on a regular basis is just for me to keep regular tabs of the Singapore stocks markets.
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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