Dear readers, the Straits Times Index (STI) closed at 3,281.97 yesterday (14 Jan 2022). The STI is now overbought (i.e. with RSI of above 70). With that, 10 STI constituent stocks are also overbought and they are:
Overbought (with RSI>70):
City Development stock
DBS stock
Hongkong Land stock
Jardine Matheson Holdings stock
OCBC stock
Sembcorp Industries stock
SGX stock
Singtel stock
UOB stock
Wilmar International stock
It is notable that Singapore’s three largest banking counters and one of Singapore’s largest listed stock (by market capitalisation: Singtel) are overbought now.
Two STI Reits and Trusts are oversold and they are:
Oversold (with RSI<30):
Keppel DC Reit
Mapletree Commercial Trust
That leaves the remaining STI stocks, trading at a neutral (neither Oversold nor Overbought) zone:
Ascendas Reit
Capitaland Invest stock
Capitaland Integrated Commercial Trust
ComfortDelgro stock
DairyFarm stock
Frasers Logistics and Commercial Trust
Genting Singapore stock
Jardine C&C stock
Keppel Corporation stock
Mapletree Industrial Trust
Mapletree Logistics Trust
SATS stock
SIA stock
ST Engineering stock
Thai Beverages stock
UOL stock
Venture stock
YangZiJiang stock
- OVERBOUGHT AND OVERSOLD LARGE CAP US STOCKS
- STARBUCKS STOCK CRASH ON 1 MAY 24
- KEPPEL STOCK: PRICE TREND AS EXPECTED!
- HOW MALAYSIA STOCK MARKETS PERFORM COMPARED TO SINGAPORE STOCK MARKETS?
- MY VERDICT OF THE 50 CENTS COFFEE
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