Singapore Stock Market Forecast 31 Oct 2013

Market Reviews:

Singapore's key Straits Times Index was up 0.7% at 3,230.44, its highest close in almost six weeks, amid late buying.

STI opens with little gap @ 3215.29 and then it made day low @ 3204.48 and took support at that level and reached days high @3230. 44 level and closed on same level with gain of 21.60 up by 0.67%.

Some 3.04 billion shares, valued at S$1.19 billion were traded. Gainers numbered 181 while losers numbered 280.

Market forecast:

Today STI closed its 6 week high mark, i.e @ 3230 near to resistance level. We may expect that it will cross and maintain this high in coming days.

After 10 days of range bound movement STI crossed and closed on higher levels which is positive sign for market, similarly investor have to adopt some cautious approach whenever STI will not cross and maintain 3235 level.

On daily chart of STI, its 200 day and 50 day EMA levels are about to cross each other and its will be a bullish crossover.

Support:

STI having immediate support @ 3210 level and below this level it can take support @3195-3165 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3235 and above this level it may take resistance @ 3250-3280

Technical indicators:

Technical indicators MACD, RSI and CCI are looking bullish from this level as CCI trading above its +100 mark@ 105.73, RSI trading above centreline @63.93 and MACD also having a bullish move.

Singapore Stock Market Forecast 30 Oct 2013

Market Reviews:

Singapore shares open down for the day, but closed in positive node.

STI opens @ 3205.37 and then it made day low @ 3198.42 and then it took support at that level and made day high @ 3213.64.finally STI closed @ 3208.82 with gain of 0.970 points up by 0.03%.

Some 1.89 billion shares, valued at S$869.9 million were traded. Gainers numbered 183 while losers numbered 238.

Market forecast:

STI made day low below the 3200 mark, but finally closed above 3205 resistance level. On the daily graph STI recently trading in a narrow range and closed almost on same level from past 7-10 days.

As STI trading in a similar range, seems investors are cautions about the further move and playing safely.

On daily chart of STI, its 200 day and 50 day EMA levels are about to cross each other and its will be a bullish crossover.

Support:

STI having immediate support @ 3195 level and below this level it can take support @3175-3160 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3220 and above this level it may take resistance @ 3235-3250

Technical indicators:

Technical indicators MACD, RSI and CCI are looking bullish from this level as CCI trading @ 94.64 near to cross +100, RSI trading above centreline @58.49 and MACD also having a bullish move.

Singapore Stock Market Outlook for 17-Oct 2013

Market Reviews:

After a day holiday, STI traded in plus, but overall the performance of STI is in down trend.

STI opens @3179.57 and then it made day low @ 3164.93 and then it recovers some points and made day high @ 3185.64. But finally closed below then its opening level @ 3174.03 with 8.78 points up by 0.28%

Volume was 2.5 billion shares worth S$1.1 billion. Losers outnumbered gainers 253 to 203.

Singapore's non-oil domestic exports (NODX) probably fell year-on-year for an eighth straight month in September, hurt by continued lacklustre demand for the city-state's electronics and pharmaceuticals.

Market forecast:

After a day off STI traded very narrow range and traded near its 38.2% retracement level.

As we mention in our previous report that if STI able to crossed its 3205 level in coming days then it can be bullish, but on the other side below 3150 it will be more bearish.

Support:

STI having immediate support @ 3160 level and below this level it can take support @3140-3120 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3185 and above this level it may take resistance @ 3205-3220

Technical indicators:

Technical indicators MACD, RSI and CCI all are seem to crossing its lower levels.

STI Singapore Stock Market Outlook - 16 Oct 2013

Market Reviews:

Week starts with lower node and STI closed below its 38.2% retracement level.

STI opens lower@ 3180.69 and continuous fall finally took support @ 3155.31 and then finally closed @ 3165 with loss of 14.46 point down by 0.46%.

Volume was 1.9 billion shares worth S$557.9 million. Losers outnumbered gainers 305 to 121.

Market forecast:

STI fell sharply today, after 4 days uptrend. Closed below its 38.2% retracement level it was a biggest decline almost in 2 weeks.

STI opens trade in lower side and continue fell whole day, now from this level it can be more bearish for short term.

Support:

STI having immediate support @ 3150 level and below this level it can take support @3130-3110 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3185 and above this level it may take resistance @ 3205-3220

Technical indicators:

Technical indicators MACD, RSI and CCI all are seem to crossing its lower levels.

Singapore Stock Weekly Outlook; 14th-18th Oct 2013

Weekly wrap of STI:  

STI shown positive move in this week and traded on higher levels also crossed its immediate resistance mark.

Week starts slightly higher side @ 3146.05 and then it’s breached its major support level of 3135 and made week low @ 3122.38 and took support this level and then traded on higher levels, finally it made a week high @ 3197.17 and then closed @ 3179.71 below 3200 mark with gain of 41.63 points up by 1.31%.

Market Forecast for week ahead:

After a heavy selling in previous 2 weeks, this week STI took support on lower levels and find a way to go upward. As it closed above its 38.2% retracement level.

STI formed candles pattern called “Bullish Harami”, a candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. The Bullish Harami indicates that the falling trend (bearish trend) may be reversing; it signals that it's a good time to enter into a long position. The smaller the second (white) candlestick, the more likely the reversal.

STI Resistance:

STI having Resistance @ 3205 and above this level it may take resistance from 3235-3265 levels.

STI Support:

STI having nearest support @ 3150 below this 3125-3095 will be the support area for market.

Technical Indicators:

Technical indicators are showing some recovery.

Singapore Stock Market Forecast 11 Oct 2013

Market Reviews:
STI closed on positive node on 3^rd consecutive day, above 3165 mark and crossed its 38.2% retracement level.

STI opens with gap up @ 3167.92 and after that made a high of 3176.77. STI traded in a narrow range, finally closed @ 3169.91 with gain of 15.070 points up by 0.48%. Its highest close since Oct. 1, 2013.

Volume was 3.28 billion shares worth S$1.09 billion. Gainers outnumbered losers 288 to 130.

Market forecast:

STI opens and traded above 3165 mark, also crossed its 38.2% retracement level, which is positive sign if it will maintain itself above this mark.

STI looks bullish on daily chart as trading upwards after taking support on lower levels. Also as it is trading above the resistance levels so giving the confirmation.

Support:

STI having immediate support @ 3150 level and below this level it can take support @3130-3110 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3185 and above this level it may take resistance @ 3205-3220

Technical indicators:

Technical indicators MACD, RSI and CCI all are seem to taking support at lower levels and turning from those levels.

Singapore Stock Market Outlook for 02 Oct 2013

Market Reviews:

STI traded below 3200 mark today, as on Monday it crossed 3200 mark and traded lower as US budget worries hit the market.

STI opens with gap up @ 3180.72 and made day high @ 3198.50 after making high it fell down and took support @ day low of 3176.70. Finally closed @ 3181.5 with gain of 13.63 up by 0.43%.

Some 3.68 billion shares, valued at S$1.14 billion were traded. Gainers numbered 242 while losers numbered 190.

Market forecast:

After breaching 3200 mark, today STI trading below 3200 mark and cant able to cross above 3200, but it opens higher and closed also higher from yesterday’s level.

STI formed a bearish candlestick pattern called “Harami” the harami pattern consists of two candlesticks with the first candlestick being a large candlestick and the second being a relatively small candlestick. the first candlestick seen as the "mother" with a large real body that completely enclosing or embodies the smaller second candlestick.The second candlestick may appear to be a spinning top .

The appearance of the Harami, and the short real body of the second candlestick, is a signal that indecision and uncertainty following a sudden surge in movement of the trend is causing the trend to lose momentum.

STI closed below its 38.2% retracement level and if it will sustains below this level then we can see STI @ 3100 mark soon.

Support:

STI having immediate support @ 3150 level and below this level it can take support @3130-3100 will be the support zone for STI.

Resistance:

STI having immediate Resistance @3185 and above this level it may take resistance @ 3205-3235

Technical indicators:

Technical indicators MACD, RSI and CCI all are seem to losing its trend.