Singapore SGX- STI Technical Analysis Report

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

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

Discussions

Be the first to like this. Showing 0 of 0 comments

Featured Posts

MQ Chat

New Update. Discover investment communities that resonate with your ideas

VCPlus

Trade Confidently & Analyze Charts Conveniently - Download VCPlus IOS & Android App Now!

Latest Videos