Singapore - Straits Ti (SINGAPO.NDX)
Close: 3 313.48 (-0.54), May 17, 2024
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Liquidity risk: | Volatility risk: |
Short term
Singapore - Straits Times is in a rising trend channel in the short term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. 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 3237 points. The index is assessed as technically positive for the short term. Recommendation one to six weeks:
Medium term
Singapore - Straits Times has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The index has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 3208. Further rise to 3403 or more is signaled. The index is testing resistance at points 3320. This could give a negative reaction, but an upward breakthrough of points 3320 means a positive signal. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Singapore - Straits Times. 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 RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. The index is overall assessed as technically neutral for the medium long term. Recommendation one to six months:
Long term
Singapore - Straits Times is within an approximate horizontal trend channel in the long term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. 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 3080 points. The index is assessed as technically positive for the long term. Recommendation one to six quarters:
Period |
Vol.bal. |
Volatility |
Liquidity |
+/- % |
1 day | - | 0.50% | 322.99 | -0.02% |
5 days | 41.60 | 1.70% | 64.60 | +0.69% |
22 days | 2.96 | 4.37% | 161.01 | +5.50% |
66 days | 8.30 | 7.01% | 192.88 | +5.47% |
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