Singapore - Straits Ti (SINGAPO.NDX)
Close: 3 288.58 (-4.11), May 2, 2024
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Liquidity risk: | Volatility risk: |
Short term
Singapore - Straits Times is in a rising trend channel in the short term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. 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 3237 points. The index is assessed as technically positive for the short term. Recommendation one to six weeks:
Medium term
Investors have accepted lower prices over time to get out of Singapore - Straits Times and the index is in a falling trend channel in the medium long term. Falling trends indicate that the market experiences negative development and falling buy interest among investors. 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 support at points 3240 and resistance at points 3320. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically neutral 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. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. 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 3080 points. The index is assessed as technically positive for the long term. Recommendation one to six quarters:
Period |
Vol.bal. |
Volatility |
Liquidity |
+/- % |
1 day | - | 0.51% | 0.00 | -0.12% |
5 days | -30.78 | 1.73% | 411.43 | -0.30% |
22 days | -0.18 | 4.42% | 211.41 | +2.00% |
66 days | 11.54 | 7.16% | 200.52 | +4.43% |
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