Dear readers, we had a rather interesting week on the stock markets front last week.
The US Federal Reserves raised the interest rates by 0.25% and the stock markets have in turned headed north. The turbulent Chinese stocks markets saw some respite after the Chinese government signalled support for the Chinese stock markets.
Beyond the above two developments, the stock markets are by and large still volatile. Let us take a quick look at the Straits Times Index (STI) constituent stocks on just which STI stocks are Overbought and Oversold.
The Overbought STI stocks (defined as each stock having a RSI of above 70) are as follows:
Capitaland Integrated Commercial Trust
Keppel Corporation stock
SGX stock
ST Engineering stock
The Oversold STI stocks (defined as each stock having a RSI of below 30) are as follows:
DairyFarm stock
Hongkong Land stock
Jardine Matheson Holdings stock
That leaves the remaining STI stocks as neither Overbought nor Oversold:
Ascendas Reit
Capitaland Invest stock
City Development stock
ComfortDelgro stock
DBS stock
Frasers Logistics and Commercial Trust
Genting Singapore stock
Jardine C&C stock
Keppel DC Reit
Mapletree Commercial Trust
Mapletree Industrial Trust
Mapletree Logistics Trust
OCBC stock
SATS stock
Sembcorp Industries stock
SIA stock
Singtel stock
Thai Beverages stock
UOB stock
UOL stock
Venture stock
Wilmar International stock
YangZiJiang stock
Have a Good week ahead!
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