Singapore Stock Exchange
Singapore STI Tecnical Analysis Report
Alex Gray
Publish date: Thu, 16 Jan 2014, 09:30 PM
Alex Gray
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Market Review:
Singapore shares edged down today despite robust US data and upbeat earnings from Bank of America, while stocks of commodities firms fell on concerns about changing supply and demand dynamics.
STRAITS TIME LEVELS | |
Support 1 | 3120 |
Support 2 | 3105 |
Support 3 | 3090 |
Resistance 1 | 3155 |
Resistance 2 | 3175 |
Resistance 3 | 3195 |
Market forecast:
STI opens gap up @ 3150 and made day high @ 3155 mark just above then recent high also traded above 50 day MA level.
STI opens at day high but didn't sustain that level and fell down and took support at 3135.47 and finally closed above 50 day MA level. This is positive sign.
For the coming days STI have to maintain above its 3120-3140 mark, if STI maintain this level then we can upside move soon, on the other side if it would not be able to maintain this than index can lose more.
Support:
STI Day Performance | |
Open | 3150.00 |
High | 3155.70 |
Low | 3135.47 |
Close | 3140.44 |
Change(Points) | -2.81 |
% Change | -0.09% |
Volume | 2482.1M |
Rise | 154 |
Fall | 242 |
Unch | 393 |
Support:
STI having immediate support @ 3120 level and below this level it can take support @3105-3090 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3155 and above this level it may take resistance @ 3175-3195
Technical indicators:
Technical indicators MACD, RSI and CCI are turning.
Top 5 Gainers
| Scrip Name | CMP | %change |
| Jardine C&C | 39.97 | 1.45 |
| Kep Corp | 10.94 | 0.83 |
| CapMallsAsia | 1.905 | 0.79 |
| HPH Trust US$ | 0.68 | 0.74 |
| GLP | 2.95 | 0.34 |
Top 5 Losers
| Scrip Name | CMP | %change |
| SGX | 7.04 | -1.12 |
| Noble Grp | 1.025 | -0.97 |
| Olam | 1.535 | -0.97 |
| GoldenAgr | 0.52 | -0.95 |
| CapitaMall | 1.865 | -0.8 |
IMPORTANT FACTORS:
According to the Department of Statistics, compared to November 2012 retail sales declined 8.7% in November 2013, mainly due to lower motor vehicles sales. Excluding motor vehicles, retail sales went up by 0.4%.
According to the Department of Statistics, compared to November 2012 retail sales declined 8.7% in November 2013, mainly due to lower motor vehicles sales. Excluding motor vehicles, retail sales went up by 0.4%.
EZION Holdings announced it has received a letter of intent to provide a service rig to be used by a South-east Asian based national oil company over a five-year period for about US$94 million (S$119.7 million).
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