Dear readers, let us look at the list of Oversold and Overbought Straits Times Index (STI) stocks as at 21 Feb 25.
It has been an interesting time for the Singapore stocks markets as the STI continues its rally, to close at 3,929.94 on 21 Feb 25. The STI is now at Overbought level.
The close of the STI is now already higher than the peak reached in 2007. If the rally continues, we may see the STI crossing beyond a new level of 4,000 which is unprecedented in the history of STI.
And amidst the rally of the STI, the Review committee which was tasked with looking at boosting the local stock markets announced two key measures: (a) tax incentives to attract corporate and fund manager listings in Singapore, and (b) $5 billion MAS scheme through which MAS will partner with selected fund managers to invest in Singapore stocks.
These are currently very optimistic times for Singapore stock markets, I must say. And on the back of this current backdrop, let us take a look at the Oversold STI stocks and Overbought STI stocks as at 21 Feb 2025.
Overbought STI stocks: DBS stock, OCBC stock, UOB stock
Oversold STI stocks: while none of the STI stocks is specially Oversold (i.e. at below RSI of 30), Mapletree Industrial Trust is nearing the Oversold region.