Singapore - Straits Ti (SINGAPO.NDX)

Close: 3 558.88 (-31.48), Oct 30, 2024
Complete report

Algorithmic Overall Analysis

Weak Negative (Score: -29)


Oct 30, 2024. Updated daily.

Analyses


Short

Medium

Long

Overall

Liquidity risk: Volatility risk:

Investor Psychology - Behavioural Finance - Quantitative Analysis - Scientific Methods

Technical Analysis - Insider Trades - Seasonal Variations - Intraday Trading

Stock data

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.49%340.53-0.88%
5 days-12.341.69%272.49-1.16%
22 days12.754.53%277.22-0.74%
66 days2.197.74%200.06+3.86%
Price dateOct 30, 2024
Currency
ISINXC0009653640
Rise from year low16.14%
Fall from year high-2.23%


Automatic technical analysis. Short term

chart Singapore - Straits Times (SINGAPO) Short term

Short term

An approximate horizontal trend channel in the short term is broken down. A continued weak development is indicated, and the index now meets resistance on possible reactions up towards the trend lines. The index has broken down through support at points 3575. This predicts a further decline. In case of positive reactions, there will now be resistance at points 3575. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically negative for the short term.

Recommendation one to six weeks: Negative (Score: -91)

Automatic technical analysis. Medium term

chart Singapore - Straits Times (SINGAPO) Medium term

Medium term

Investors have paid higher prices over time to buy Singapore - Straits Times and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index has built a double top formation and given signal of further fall to 3508. On reactions back, there is now resistance at 3573. The index has support at points 3500 and resistance at points 3640. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. The index is overall assessed as technically negative for the medium long term.

Recommendation one to six months: Negative (Score: -56)

Automatic technical analysis. Long term

chart Singapore - Straits Times (SINGAPO) Long term

Long term

Singapore - Straits Times has broken up from an approximate horizontal trend channel in the long term after investors have paid ever more. A positive signal has been triggered and further increase for the index is indicated. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 3090 points. The index is assessed as technically positive for the long term.

Recommendation one to six quarters: Positive (Score: 94)

Full history

chart Singapore - Straits Times (SINGAPO) Full history

Candlesticks 95 days

chart Singapore - Straits Times (SINGAPO) chart0

Candlesticks 22 days

chart Singapore - Straits Times (SINGAPO) chart0

Seasonal variations

Data missing

Early warning

Close prices next day that when broken will generate new signals 
IndicatorPriceObjective
High-RSI3 791.91-
Short Term Trading Range3 640.19-
Long Term Trading Range3 640.19-
Last close3 558.88-
Low-RSI3 399.45-
Indicator:Type of indicator generating the signal
Price:If close price next day has crossed this value, a technical signal is created
Objective:Price target for the positive or negative signal (Only listed for patterns)

Alerts

DatePriceSignal/Trading opportunityTime spanTarget
Oct 30, 20243 558.88Double Top PatternMedium term3 508.43
Oct 30, 20243 558.88Short Term Trading RangeMedium term-1.00
Oct 30, 20243 558.88Long Term Trading RangeMedium term-1.00
Oct 30, 20243 558.88Negative RSI diverg, close to resShort term3 485.00 - 3 508.00

Key ratios

Data missing

Help and information - Research shows the importance of Trend, Momentum and Volume

Investtech’s analyses focus on a stock’s trend status, short term momentum and volume development. These are central topics of technical analysis theory that describe changes in investor optimism or fluctuations in a company’s financial development. However, Investtech’s strong focus on these elements is due to research results that clearly indicate causation between these factors and future return on the stock market.

Trend

Rising trend
Theory: Stocks in rising trends will continue to rise.

Psychology/economy: Rising trends indicate that the company experiences positive development and increasing buy interest among investors. Read more

Research: Stocks in rising trend channels in Investtech’s medium long term charts have been followed by an annualized excess return of 7.8 percentage points compared to average benchmark development. This is shown by Investtech’s research into 34,880 cases of stocks in rising trends on the Nordic Stock Exchanges in the period 1996 to 2015.
Read more about the research results here

 

Momentum


Theory: Stocks with rising short term momentum will continue to rise. Stocks with very strong momentum (overbought) will react backwards.

Psychology/economy: RSI above 70 shows strong positive momentum. The stock has risen in the short term without any significant reactions downwards. Investors have kept paying more to buy stocks. This indicates that more investors want to buy the stock and that the price will continue to rise. Read more

Research: Stocks with strong momentum have on average continued to rise, and more so than the average stock listed on the Exchange. This is shown by Investtech’s research into 24,208 cases of stocks on the Nordic Stock Exchanges in the period 1996 to 2015 where RSI went above 70 points, indicating strong and increasing short term momentum. On average, annualized, the stocks rose the equivalent of 11.4 percentage points more than the average stock.
Read the research report here

 

Volume


Theory: Rising prices on high volume and falling prices on low volume indicate strength in a stock. Volume can confirm a rising trend or signal that a falling trend is ending.

Psychology/economy: When investors very much want to buy a stock, they have to increase the price to find new sellers. Rising price on high volume shows that some investors are so aggressive that they push the price up to be able to buy the stock. Investtech’s Volume Balance tool measures the relation between price rise and volume and measures investor aggression at rising and falling prices. Read more

Research: Stocks with volume balance above 40 have been followed by an average annual return of 4.7 percentage points on the Nordic Stock Exchanges, shown by research conducted by Investtech into 24,580 cases.
Read the research report here

 

Investtech's analyses

Investtech has combined theory, psychology and research into powerful investment tools.


Read more.

About Investtech

Investtech are behavioural finance and quantitative stock analysis specialists. The company sells analysis products to private, professional and institutional investors. Investtech manage the AIFM company Investtech Invest, which invests customers’ funds in the stock market.

Investtech’s computers analyze more than 28,000 stocks from 12 different countries every day. The analyses are presented in eight languages and sold to customers worldwide. In addition to the automatic analyses, the company’s analysts present subjective assessments and recommendations for some markets. The analyses are available to customers in the form of daily morning reports and cases, and weekly market updates and model portfolios.

Investtech’s algorithms for analysis, ranking and stock recommendations are based on research dating back to 1993. Part of the research was conducted in cooperation with Oslo University and the Norwegian Research Council. Research still has high priority for Investtech. Many of the company’s research results are available for customers on the company’s web site.

The company’s basic product starts at approx. 30 euro per month. Investtech also provides bespoke products for integration on partners’ web sites and for use in newsletters, for example to stock brokers and the media. Contact us by e-mail to info@investtech.com or by phone +47 21 555 888 for more information. A free trial subscription is available to order on our web site www.investtech.com.

Head Office

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+47 21 555 888

Postal address

Investtech AS
Strandveien 17
1366 Lysaker


info@investtech.com


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2007 Kjeller



www.investtech.com




Investor Psychology - Behavioural Finance - Quantitative Analysis - Scientific Methods

Technical Analysis - Insider Trades - Seasonal Variations - Intraday Trading







 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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