Dear readers, how time flies, we are now into the final month of Year 2022, December.
In this post, let us find out the names of the Straits Times Index (STI) stocks as at the end of the 1st week of December, that are Oversold and Overbought.
As at 2 Dec 2022, there are two Oversold STI and three Overbought STI stocks.
The two Oversold STI stocks, each with a RSI of below 30, are:
Mapletree Industrial Trust
Venture stock
The three Overbought STI stocks, each with a RSI of above 70 are:
Genting Singapore stock
Keppel Corporation stock
Sembcorp Industries stock
As usual, Oversold stocks does not mean that these STI stocks will be rebounding soon, same as for Overbought stocks, which does not mean that these stocks are due for a correction soon. This post is just part of regular series to track the movement of the Straits Times Index, the benchmark of the Singapore stocks market.
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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