*Free SGX Stock Picks* Special Offer!

Tuesday, April 7, 2015

SGX STOCKS: STI Technical Analysis 7 April

Market Review for STI: Singapore share prices opened higher, with the STI up 13.49 points or 0.4 per cent to 3,466.4, drawing strength from Wall Street's run-up overnight. Gains on Wall Street overnight may lift Singapore shares but the upside is likely to be modest, especially for blue chips, ahead of the March-quarter earnings season, which kicks off in full swing next week.
STI Day Performance
Open: 3469.38
High: 3476.20
Low: 3459.94
Close: 3465.62
Change(Points): +12.71
% Change: +0.37%
Volume: 1928.4M
Rise: 243
Fall: 140
Unch: 401
Market forecast for STI: STI broke its resistance, we may expect bullish trend in STI
Technical Indicators: RSI is at 66 and CCI is at 122.
STI LEVELS
Support 1: 3400
Support 2: 3374
Support 3: 3360
Resistance 1: 3476
Resistance 2: 3476
Resistance 3: 3476
Important Factors for today :
  • Lower liners in the offshore oil and gas sector were actively traded.
  • CIMB has downgraded Wing Tai Holdings to "hold" from "add" on valuation grounds following the stock's strong gains in recent weeks.
  • Ship builder Triyards Holdings announced it secured US$100 million ($135.3 million) of new orders that comprises a liftboat, a high speed aluminium craft project that includes integrated logistics support work, and a fabrication project.
  • Daily share trading activity on the Singapore Exchange (SGX) eased in March from year-ago levels, while derivatives trading continued to grow.
  • Oil prices fell on profit-taking in Asia on Tuesday after rallying in the previous session owing to doubts the nuclear agreement between Iran and global powers will immediately boost Tehran's crude exports.
  • The Singapore Tourism Board (STB) has unveiled more initiatives to increase visitor numbers by making two-year partnership with Changi Airport Group to boost tourist arrivals .
  • OSIM International may be facing even slower sales in China, one of its biggest markets, as recent economic indicators show Chinese consumers continue to spend less than they used to.

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Grants For Single Moms