Dear readers, the Singapore benchmark stock market indicator, the Straits Times Index (STI) performed well last week, closing at 3,212.64 which is a 0.92% weekly gain.
The current STI is however still 1.2% lower than the 2022 close of 3,251.32.
Looking at the technical charts, the STI which was below the 200-Days Moving Average of the STI managed to cross the Moving Average from below last week and this is encouraging. However the 20-Days-Moving had started to cross below the longer 200-Days-Moving-Average and this suggests that the Singapore stocks markets continue to be bearish.
Let us take a look at the list of Oversold and Overbought STI stocks below.
Oversold STI stocks:
City Development stock
Hongkong Land stock
Jardine Matheson Holdings stock
YangZiJiang stock
Overbought STI stocks:
Sembcorp Industries stock
The following STI stocks are neither Oversold nor Overbought:
Capitaland Ascendas Reit
Capitaland Integrated Commercial Trust
Capitaland Investment stock
DairyFarm stock
DBS stock
Emperador stock
Frasers Logistics and Commercial Trust
Genting Singapore stock
Jardine C&C stock
Keppel Corporation stock
Keppel DC Reit
Mapletree Industrial Trust
Mapletree Logistics Trust
Mapletree Pan Asia Commercial Trust
OCBC stock
SATS stock
SGX stock
SIA stock
Singtel stock
ST Engineering stock
Thai Beverages stock
UOB stock
UOL stock
Venture stock
Wilmar International stock
Once again, Oversold and Overbought stocks do not necessary mean that they are good buying or selling opportunities. This post is just a weekly feature tracking the state of the Straits Times Index.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! 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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