Singapore Exchange HEFFX Highlights

Singapore Exchange HEFFX Highlights

Singapore Exchange Limited is engaged in operating integrated securities exchange and derivatives exchange in Singapore and related clearing houses. The Company is engaged in providing services, such as investment holding, treasury management, provision of management and administrative services to related corporations, provision of contract processing and technology connectivity services. The Company operates through four segments: Equities and Fixed Income, which is engaged in the provision of issuer services, securities trading and clearing, post trade services, membership and collateral management; Derivatives, which is engaged in the provision of derivatives trading and clearing services, membership and collateral management; Market Data and Connectivity, which is engaged in the provision of market data and connectivity services, and Corporate, which includes corporate activities. It offers a suite of derivatives products across Asian equity indices, commodities and currencies.

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 7.60.

The projected lower bound is: 7.17.

The projected closing price is: 7.38.

SINGAPORE EXCHAN closed up 0.020 at 7.390. Volume was 19% below average (neutral) and Bollinger Bands were 58% narrower than normal.

OpenHighLowCloseVolume
7.397.47.367.392,161,900

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages:10-period50-period200-period
Close:7.397.567.34
Volatility:111817
Volume:2,311,9503,247,2502,266,516

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

SINGAPORE EXCHAN is currently 0.7% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume into SGXL.SI (mildly bullish). Our trend forecasting oscillators are currently bearish on SGXL.SI and have had this outlook for the last 23 periods.

Momentum

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 25.0001. This is not an overbought or oversold reading. The last signal was a sell 4 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 46.75. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 21 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 32. This is not a topping or bottoming area. The last signal was a sell 4 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 9 period(s) ago.

Candlesticks

During the past 10 bars, there have been 1 white candles and 6 black candles for a net of 5 black candles. During the past 50 bars, there have been 17 white candles and 25 black candles for a net of 8 black candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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