Singapore - Straits Ti (SINGAPO.NDX)
Close: 3 328.61 (-4.69), May 29, 2024
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Liquidity risk: | Volatility risk: |
Short term
Singapore - Straits Times is in a rising trend channel in the short term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. 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 3238 points. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Singapore - Straits Times. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the short term. Recommendation one to six weeks:
Medium term
Singapore - Straits Times is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The index has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 3208. Further rise to 3403 or more is signaled. The index has marginally broken up through resistance at points 3324. An established break predicts a further rise. The index is overall assessed as technically positive for the medium long term. Recommendation one to six months:
Long term
Singapore - Straits Times is within an approximate horizontal trend channel in the long term, which indicates further development in the same direction. 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 3070 points. The index is assessed as technically positive for the long term. Recommendation one to six quarters:
Period |
Vol.bal. |
Volatility |
Liquidity |
+/- % |
1 day | - | 0.50% | 0.00 | -0.14% |
5 days | -54.15 | 1.67% | 57.63 | +0.63% |
22 days | -1.88 | 4.24% | 143.96 | +1.27% |
66 days | 2.94 | 6.87% | 171.72 | +2.80% |
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