Singapore Market – STI Technical Analysis

Posted: May 5, 2014 in Uncategorized

Market Review for STI:
STI opened up by 8 points @ 3260.52 then it made a low of 3238.53 and took support else gave the closing at 3241.60. Today STI gave the closing at the major support @ 3240 & form a long time STI is trading in a tight range of 3280-3240.

STI

STI Day Performance
Open 3260.52
High 3263.80
Low 3238.53
Close 3241.6
Change(Points) -10.95
% Change -0.34
Volume 1416.4M
Rise 154
Fall 241
Unch 681

Market forecast for STI:
A Long Red candle was formed for the day with a big real body and no upper & lower shadow. The 20 Days EMA is @3232.95 & the 50 Days EMA is at 3185.53 Currently the STI is trading in a range bound phase.
Technical indicators:
RSI is just above the centre line @55.73. Where CCI is @ 27.63

STI LEVELS
Support 1 3230
Support 2 3215
Support 3 3200
Resistance 1 3250
Resistance 2 3265
Resistance 3 3280

Important Factor for today:-

  • All Asian Market opened down today as followed by the losses on the Wall Street supportively the Manufacturing Index of China was contracting faster than initial Results. Hence STI opened up by 8 Points @3260 and later came down.
  • Crisis in Ukraine are also having a negative effect on the market, so the investors are having a narrow vision.
  • SGX-ST will be delisting the Asia Power Corporation officially form 28 May 2014,
  • Tigerair announced the pre-tax losses form last 3 consecutive FY.
Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
ThaiBev 0.6 2.56 Jardine C&C 44.95 -2.26
Wilmar Intl 3.33 0.3 Sembcorp Marine 3.97 -2.22
SIA 10.3 -1.44
CapitaLand 3.1 -1.27
CityDev 10.78 -1.1

Market Review for KLCI:
Today KLCI opened with a down with 3 points at 1866.93 and closed at 1860.54 which was the low of the day high was marked at 1869.38.

KLCI

KLCI Day Performance
Open 1866.93
High 1869.38
Low 1860.54
Close 1860.54
Change(Points) -8.54
% Change -0.46
Volume 1537.6M
Rise 170
Fall 691
Unch 1300

Market forecast for KLCI:
A Long Red Candle was formed for the day, the technical indicator EMA 20 days is 1860 else the EMA 50 days is @ today KLCI was in a down trend as all the Asian market were trading down else currently KLCI is trading in a consolidate phase.

KLCI LEVELS
Support 1 1850
Support 2 1840
Support 3 1825
Resistance 1 1870
Resistance 2 1880
Resistance 3 1895

Technical indicators:
RSI is just above the centre line @ 54.29 where the CCI is performing at 63.71

Top Gainers Top Loosers
Scrip Name CMP %change Scrip Name CMP %change
MISC 6.47 0.62 HLBANK 13.74 -1.72
IOICORP 4.97 0.2 IOIPG 2.65 -1.49
DIGI 5.54 0.18 IHH 3.98 -1.24
YTL 1.61 -1.23
CIMB 7.35 -0.94
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