Dear readers, it is time once again to take a look at the Oversold and Overbought Straits Times Index (STI) stocks for the trading week ended 14 Jun 2024.
City Developments stock is currently Oversold (RSI<30). The stock last traded at $5.31 and is about 20% down for the year-to-date.
What is more significant is that City Developments stock is now by about 44% in the past 5 years. As a recap, the stock once traded at more than $12 per share in 2018.
On the other side of the spectrum, a trio of stocks are Overbought (RSI>70). This trio comprises SATS, Singtel and Yangzijiang stocks.
SATS stock is up 5.8% year-to-date.
Singtel stock is up 6.3% in the last 6 months and in the same span of months, Yangzijiang stock is up by around 70%.
Please note that this is not a recommendation of any stocks, always do your own due diligence when it comes to investing.
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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