Home Capital Right Timing

Right timing: No Christmas cheer for the STI

Goola Warden
Goola Warden12/22/2017 7:8 PM GMT+08  • 2 min read
Right timing: No Christmas cheer for the STI
SINGAPORE (Dec 22): Here are some charts for our weekly technical analysis.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Dec 22): Here are some charts for our weekly technical analysis.

Despite a three-point bounce on the last trading day before Christmas, the STI lost 31 points during the week to close at 3,385. This takes the index marginally below the 50-day moving average at 3,396. A couple of factors are worrisome. The STI ended below a support line before a long weekend. And, short term indicators are weak. The 21-day RSI has broken below its equilibrium line support after a negative divergence with the STI. ADX has flattened, and the DIs are clearly negative. Short-term stochastics is falling.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.