Singapore Stock Exchange

STI Technical Analysis View

Alex Gray
Publish date: Wed, 19 Mar 2014, 08:49 PM
Alex Gray
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Market Review for STI:
Today STI gave a gap down opening at 3079.25 with a difference of -14.59 and made a low of 3068.17 later the market recover and STI closed at 3080.75 near to high, making a green candle.
STI Day Performance
Open
3079.25
High
3082.45
Low
3068.17
Close
3079.64
Change(Points)
-14.2
% Change
-0.46
Volume
2216.6M
Rise
142
Fall
234
Unch
683
Market forecast for STI:
Today after the gap down opening of 14.59 points STI managed to give a upside closing and made a green candle. Doji Pattern was formed by the todays candle formation more over we can say it was a DragonflyDoji, in which the open & close price are at the high of the day and by this candle formation we can expect that there can be a turning pointin the further trading sessions.
STRAITS TIME LEVELS
Support 1
3065
Support 2
3050
Support 3
3035
Resistance 1
3095
Resistance 2
3110
Resistance 3
3125
Technical indicators:
Technical indicators MACD now trading flat and RSI trading below its centreline @ 46.706 and CCI is in negative zone below -100 @ -110.99.
Important Factor for today:-
  • Private Placement has been fully subscribed by the Suntec Real Estate Investment Trust, the book of order have been closed by 218,069,000 new units which will be issued pursuant to the Private Placement.
  • Around S$ 35.7 Million net gain is expected in CapitaLand as it has placed all of its remaining stapled securities of Australand Property Group worth 226.2 Million i.e. 39% tentatively.
  • Economists forecasted 3.8% of Growth lower than expected as 3.9%
Top 5 Gainers
Top 5 Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
Goodpack
2.230
9.852
JMH 400US$
58.900
-1.669
UOB
20.190
0.598
Jardine C&C
43.210
-1.437
St Trdg
3.400
3.030
JSH 500US$
34.280
-0.638
EzionHldg
2.130
4.412
HKLand US$
6.240
-2.500
Haw Par
8.310
0.605
CITYDEV
9.180
-1.502
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