Dear readers, let us take a note of which Straits Times Index stocks are currently below their 200-Days-Moving-Averages. Technical analysis literature has always shared that stocks trading below their 200-Days-Moving-Averages are in a downtrend, so it would be interesting to take stock of just which are the Straits Times Index stocks still in a downtrend according to the above definition.
These Straits Times stocks are:
1. Ascendas Reit
2. Capitacommercial Trust
3. CapitaMall Trust
4. ComfortDelgro
5. Genting Singapore
6. Golden Agriculture
7. HongKong Land
8. Jardine C&C
9. JMH
10. JSH
11. OCBC
12. SATS
13. Sembcorp Industries
14. SIA
15. Singtel
16. SPH
17. Venture
18. Yangzijiang
As we can see from the list above, a total of 18 Straits Times Index (“STI”) stocks are currently trading below their longer-term 200-Days-Moving-Averages. This represents 60% of the total Straits Times Index stocks. It is important for investors to identify a stock is trending up before investing into it.
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