Dear readers, let us take a look at the weekly Overbought and Oversold Straits Times Index (STI) stocks for the week ended 8 Mar 2024.
The STI itself is currently trading in a neutral RSI region: i.e, neither overbought nor oversold.
As for the STI constituent stocks, they are mainly trading in a neutral RSI region or were not oversold.
The only exception is YangZiJiang stock, which is currently at just Overbought (i.e. RSI = 70) region.
The stock closed $1.84 last Friday and this was a good $0.35 increase from the $1.49 close of the stock on the last trading day of Year 2023,or a 19% increase in stock price!
YangZiJiang stock is one of the best performing STI stocks for the year-to-date but this post is not a recommendation of the stock.
Rather, this post just shares some of the noteworthy moves in the stock markets for the information of readers.