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Singapore SGX- STI Technical Analysis Report

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Publish date: Thu, 27 Feb 2014, 09:08 PM
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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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