Dear readers, there are a number of Singapore Reits and Trusts which are currently overbought (i.e. at a RSI level of >70). On the converse, there are currently no oversold Singapore Reits and Trusts. Without further ado, the twenty four Singapore Reits and Trusts which are overbought are:
AIMS APAC Reit
ARA LOGOS Logistic Trust
Ascendas India Trust
CapitaCommerical Trust
CapitaMall Trust
CDL Hospitality Trust
Cromwell Reit EUR
Cromwell Reit SGD
Far East Hospitality Trust
Frasers Centrepoint Trust
Frasers Logistics & Industrial Trust
FSL Trust
IReit Global
Keppel Infrastructure Trust
Keppel Pacific Oak Reit
Keppel Reit
ManuLife Reit USD
Mapletree Industrial Trust
ParkwayLife Reit
Sabana Reit
SoilBuild Business Reit
SPH Reit
Starhill Global Reit
Suntec Reit
As I have mentioned many times in this blog, overbought stocks do not necessarily mean that these stocks are poised to correct next. Similarly, oversold stocks do not necessarily mean that these stocks are poised to bounce up next.
As we could note from the recent months of Singapore stocks trading, Reits and Trusts have increasingly become more and more volatile. For example, just recently, First Reit saw heavy selling. I think investors should no longer treat Singapore Reits and Trusts as safe haven asset in the current stocks markets environment.
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