Dear readers, the Singapore Straits Times Index (STI) has now reached above the 3,400 mark to close at 3,419.11 yesterday.
The STI has now become Overbought and with it, 21 or 70% of the 30 STI constituent stocks are now Overbought (each with RSI of above 70).
These Overbought STI stocks are:
Ascendas Reit
Capitaland Invest stock
Capitaland Integrated Commercial Trust
City Development stock
ComfortDelgro stock
DairyFarm stock
DBS stock
Genting Singapore stock
Jardine C&C stock
Keppel Corporation stock
Mapletree Industrial Trust
OCBC stock
SATS stock
SGX stock
SIA stock
Singtel stock
ST Engineering stock
Thai Beverages stock
UOB stock
Venture stock
YangZiJiang stock
The remaining nine STI constituent stocks are in a Neutral zone, i.e. neither Overbought nor Oversold
Frasers Logistics and Commercial Trust
Hongkong Land stock
Jardine Matheson Holdings stock
Keppel DC Reit
Mapletree Commercial Trust
Mapletree Logistics Trust
Sembcorp Industries stock
UOL stock
Wilmar International stock
There is no STI stock that is neither Overbought nor Oversold.
That’s it for the review of the Straits Times Index (STI) stocks as of yesterday 1 Apr 22, have a good weekends ahead!
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