Investment Tips

Singapore STI Daily Technical Analysis

krissparkar
Publish date: Thu, 08 May 2014, 09:19 PM
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Market Review for STI:
STI made a gap up opening at 3248.08 up by almost 12 points. Further climbed to 3254.45 and made a low of 3240.70 and gave the closing at 3247.69. Hence today it was a bearish day for STI.

STI Day Performance
Open 3248.08
High 3254.45
Low 3240.70
Close 3247.69
Change(Points) 11.26
% Change 0.35%
Volume 1339.6M
Rise 209
Fall 176
Unch 694

Market forecast for STI:
STI formed a red candle for the day and with very little real body and a upper and a lower shadow. Hear the signal line@26.43 of MACD is above the difference line@ -6.49 A Doji candle was formed for the day and for tomorrow we can look for some recovery in STI.
Technical indicators:
RSI is just above the centre line @56.66. Where CCI is @ 14.59.

STI LEVELS
Support 1 3235
Support 2 3220
Support 3 3203
Resistance 1 3255
Resistance 2 3270
Resistance 3 3288

Important Factor for today:-
AusGroup reported a net loss of A$1.29 million for Q3FY2014 where net profit came down to $105000 a year ago
Intraco Limited is acquiring 70 % of home grown fire protection specialist for S$16.6 million
Net profit of Wilmar International fell 48.7% to US$161.8 million

Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
ThaiBev 0.61 2.52 HongkongLand USD 6.64 -1.34
UOB 22 1.85 JMH 400 USD 61 -1.22
Wilmar Intl 3.34 1.21 Golden Agri-Res 0.595 -0.83
SingTel 3.81 1.06 JSH 500 USD 35.45 -0.76
CityDev 10.89 1.02 Olam Intl 2.23 -0.45

Market Review for KLCI:
KLCI opened almost flat today up by 1 point at 1861.66 a very less movement was there for the day and the range of only 4 points was covered in the complete trading session. Where the high was 1863.94 & low of 1860.60 was made.KLCI opened almost flat today up by 1 point at 1861.66 a very less movement was there for the day and the range of only 4 points was covered in the complete trading session. Where the high was 1863.94 & low of 1860.60 was made.

KLCI Day Performance
Open 1861.66
High 1863.94
Low 1860.60
Close 1862.84
Change(Points) 2.41
% Change 0.13%
Volume 1811.7M
Rise 444
Fall 332
Unch 1386

Market forecast for KLCI:
After the down side of continuous 3 days KLCI today took a little up movement and formed a green candle for the day. where the 20 Days EMA @1858 and 50 Days EMA is @1847

KLCI LEVELS
Support 1 1855
Support 2 1845
Support 3 1835
Resistance 1 1870
Resistance 2 1885
Resistance 3 1895

Technical indicators:
The technical indicators are not that strong on the chart as RSI is at 56.03 & CCI is at 44.58

Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
ASTRO 3.31 2.79 PETDAG 26.9 -10.03
HLBANK 13.96 1.45 MAXIS 6.8 -2.58
UMW 10.82 1.31 TM 6.08 -0.82
GENM 4.21 1.2 SIME 9.48 0.11
HLFG 15.14 1.07 CIMB 7.34 0.14

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