Posts Tagged ‘singapore stock prices’

Weekly wrap of STI:
STI were struggling to cross its previous week high but can’t able to cross that level and traded in a same range however closed down from opening.
Week starts with higher opening @ 3150.74 levels and then it fell down and made week low at 3115.80 below 3120 support level. After taking support on lower levels it recovers and made high of 3155.89 and then closed at 3147.33 with gain of 3.51 points up by 0.11% wow basis.
Macroeconomic factors:
Singapore’s non-oil domestic exports (NODX) beat expectations to grow 6 % year-on-year in December, turning around from a revised 8.9 % fall in November to stage its strongest rise in more than a year.
Month-on-month, the NODX also rose a seasonally-adjusted 9.2 % in December, reversing November’s 4.2% contraction. This too, beat the median forecast of 2.8%.
Market Forecast for week ahead:
  • STI faced tremendous resistance at its 3155 level this week, didn’t crossed this high. Faced selling pressure at higher levels and crossed support level.
  • STI formed candlestick pattern called Tweezers top, where 2 consecutive candles shares a same level of High and cant able to cross this high. Here in STI faced resistance @ 3153-3155 mark from last 2 weeks and cant able to sustain above this. The Tweezers Top reversal pattern is extremely helpful because it visually indicates a transfer of power and sentiment from the bulls and the bears.
  • For the coming week we can expect some more upward move if it will maintain above 3155 levels than it could touch 3190-3220 mark and on the other side if STI crossed its 3120 mark then we will see more downside movement.
STI Resistance:
  • STI having Resistance @ 3155 and above this level it may take resistance from 3175-3190 levels.
STI Support:
  • STI having nearest support @ 3120 below this 2995-2965 will be the support area for market.
Technical Indicators:
Technical indicators are in downtrend .MACD, RSI and CCI all are recovering.
S1 S2 S3 R 1 R 2 R 3
3020 2995 2965 3155 3175 3190
STRAIT TIMES WEEKLY WRAP
OPEN 3150.74
HIGH 3155.89
LOW 3115.80
CLOSE 3147.33
CHANGE (In Points) +3.51
% CHANGE +0.11%
Weekly Technical view on STI
Advertisements

Market Review: STI recovers from its yesterday’s losses and closed with good recovery above 3135 level.
Technical view on STI 

STI Day Performance
Open
3131.33
High
3146.77
Low
3131.33
Close
3143.25
Change(Points)
+19.50
% Change
+0.62%
Volume
3423.3M
Rise
249
Fall
137
Unch
403
 
  Market forecast:
STI opens with gap up @ 3131 level above its yesterday’s close, the gap window made by yesterdays close and todays open of almost 10 points.
Today STI formed a candlestick pattern called belt hold, which is a long white candle who does not have lower shadow but having a small upper shadow it opens low and closed near to day high as formed a small upper shadow. Belt Hold candle is a single candle which is highly bullish candlestick pattern.
For the coming days STI have to maintain above its 3120-3140 mark, if STI maintain this level then we can upside move soon, on the other side if it would not be able to maintain this than index can lose more.
STRAITS TIME LEVELS
Support 1
3120
Support 2
3105
Support 3
3090
Resistance 1
3155
Resistance 2
3175
Resistance 3
3195
 Support:
STI having immediate support @ 3120 level and below this level it can take support @3105-3090 will be the support zone for STI.
Resistance:
STI having immediate Resistance @3155 and above this level it may take resistance @ 3175-3195
 Technical indicators:
Technical indicators MACD, RSI and CCI are turning down.
 
Top 5 Gainers
Scrip Name CMP %change
Jardine C&C
39.4
4.84
JSH 500US$
34
2.75
JMH 400US$
55.87
2.53
CapitaMall
1.88
1.35
SGX
7.12
1.28
 
Top 5 Losers
Scrip Name CMP %change
SIA Engg
4.96
-0.6
ComfortDelGro
1.975
-0.5
StarHub
4.22
-0.47
GLP
2.94
-0.34
ST Engg
3.86
-0.26
 IMPORTANT FACTORS:
Home-buying sentiment turns extra cautious. According to Colliers International, overall private residential property prices are expected to at most slip by 5% in 2014, following 2013’s moderated 1.2% increase.
Corporate Action as on 16th January 2014
Company Name Type Expiry Date Record Date Date
Paid/Payable
Particulars
Westminster EGM        
AIMSAMPI Reit EGM        
Stock for 16th January 2013:
HPH TRUST US$: stock is taking resistance @ 0.680 mark from 8 weeks this level is 50 day MA mark. If this will cross 0.68 marks then it will touch 0.750-0.800 in coming days.
HPH TRUST US$ is in consolidation phrase after taking support at lower levels so indicators are already in bullish zone.
Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
3095
3065
3035
3160
3195
3235
STRAIT TIMES WEEKLY WRAP
OPEN
3177.87
HIGH
3197.09
LOW
3098.80
CLOSE
3114.17
CHANGE (In Points)
-62.17
% CHANGE
-1.96%
Weekly Technical view on STI
Weekly wrap of STI:
 Week starts on positive node but after some range bound movement, Index crossed its support level and fell badly below its 3 month lower level Singapore underperforming the region as fears over a possible reduction in the U.S. Federal Reserve’s stimulus dented the sentiment and U.S. job data.
Week starts @3177.87 and then it recovers some point and made week high @ 3197.09 and it faced resistance at that level and fell badly breaching all the support level and made week low below 3100 @ 3098.80 and finally closed @ 3114.17 with loss of 62.17 points down by 1.96% wow basis.
Market Forecast for week ahead:
  • STI closed below its 3 months lower level after making low below 3100 mark. On the weekly graph STI traded below 50 week MA level.
  • STI given breakout from its technical pattern called symmetrical triangle and closed below this, as it was taking support its 3160 mark since long and now it traded below this level which is bearish.
  • STI crossed its 3100 mark, but closed above 3100, for the coming days if STI maintain above 3160 mark then it can be recover.
STI Resistance:
  • STI having Resistance @ 3160 and above this level it may take resistance from 3195-3235 levels.
STI Support:
  • STI having nearest support @ 3095 below this 3065-3035 will be the support area for market.
 Technical Indicators:
  • Technical indicators are in downtrend .MACD, RSI and CCI all are in down territory.