Investment Tips

SINGAPORE STI-Technical Analysis Report

krissparkar
Publish date: Thu, 27 Feb 2014, 09:18 PM
krissparkar
0 161
Asian Stock Exchange has always been an enticing market for smart and sophisticated investors. But it's the irony of any Share Market, if one wins other has to lose. We are here to meet all your investment needs as we provide finest research based advice for trading in stock market, Forex and Commodity to makes you is invincible winner of this unpredictable market and lets you make money hands down.
Following Message
Market Review:
Singapore equities recover inch today, after its previous day free fall. However STI closed below 3100 mark.
STI Day Performance
Open
3085.54
High
3101.36
Low
3082.86
Close
3096.74
Change(Points)
+8.49
% Change
+0.28%
Volume
2634.6M
Rise
214
Fall
195
Unch
643
Market forecast:
  • STI opened flat @ 3085.50 and then its made day low 3082.86 above then previous days lower level and finally closed near to day high @ 3096.74 level just below 3100 level.
  • STI formed a green candlestick as it traded higher side, and closed near to day high. This is a bullish sign.
  • STI currently traded above 50 & 20 day EMA level , so whenever it maintain above these level it will be in bullish zone.
Support level:
STI having immediate support @ 3080 level and below this level it can take support @3060-3040 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3105 and above this level it may take resistance @ 3120-3135
STRAITS TIME LEVELS
Support 1
3080
Support 2
3060
Support 3
3040
Resistance 1
3105
Resistance 2
3120
Resistance 3
3135
Technical indicators:
Technical indicators MACD, RSI and CCI are trading in recovery mode, RSI is in oversold zone so we can expect recovery in it.
Important Factor for today:-
  • Allianz raised its dividend by almost a 5th after fourth-quarter net profit met expectations at 1.26 billion euros (US$1.72 billion), as a strong operating gain in property and casualty insurance offset declines elsewhere..
  • United Overseas Australia Ltd has achieved a $219.2 million operating profit for the financial year ended 31st December 2013. After taxation and non-controlling interests, the profit applicable to the members of the Company was $97.8 million, an increase of $15.8 million or 19.3% when compared with the 2012 profit result.
  • City Developments: 4Q13 Net Profit Down 11.4% to S$221 Million, Declared S$0.08 Final Dividend.
  • Yangzijiang acquisition Of Remaining 45.53% Stake In Jiangsu Runzhou Heavy Industry Co., For US$5.46 Million.
  • Yanlord FY 2013 Revenue Rises 9.5% to RMB11.28 Billion, Strong Pre-Sales Growth And Subsequent Recognition To Drive Future.
Top 5 Gainers
Top 5 Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
GoldenAgr
0.565
4.63
THBEV
0.51
-1.92
Jardine C&C
38.09
2.92
HPH Trust US$
0.62
-1.59
SGX
6.94
1.31
Wilmar
3.47
-0.57
SembMar
4.08
1.24
JMH 400US$
55.3
-0.36
Genting SP
1.355
1.12
DBS
16.4
-0.3

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