Singapore - Straits Ti (SINGAPO.NDX)

Close: 3 745.04 (+5.82), Nov 22, 2024
Positive

Liquidity risk: Volatility risk:

Overall analysis

Singapore - Straits Times is technically positive for the short, medium, as well as the long term.

Recommendation one to six months: Positive

Short term

Investors have paid higher prices over time to buy Singapore - Straits Times and the index is in a rising trend channel in the short term. This signals increasing optimism among investors and indicates continued rise. The index is testing support at points 3740. This could give a positive reaction, but a downward breakthrough of points 3740 means a negative signal. RSI above 70 shows that the index has strong positive momentum in the short term. Investors have steadily paid more to buy the index, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the short term.

Recommendation one to six weeks: Positive

Medium term

Singapore - Straits Times has broken the rising trend up in the medium long term. This signals an even stronger growth rate. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 3500 points. Trading volume has increased substantially lately, which may be because of fundamental news. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive

Long term

Singapore - Straits Times has broken up through the ceiling of the rising trend channel in the long term, which signals an even stronger rising rate. The positive development, however, may give rise to short term corrections down from today's level. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 3400 points. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive



Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.49%0.00+0.16%
5 days-6.571.71%248.07+0.01%
22 days29.434.60%291.04+4.39%
66 days5.288.15%257.89+10.91%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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