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.
By the way, prices are vulnerable to a correction towards 7.46.
The projected upper bound is: 7.54.
The projected lower bound is: 7.11.
The projected closing price is: 7.32.
SINGAPORE EXCHAN closed up 0.070 at 7.330. Volume was 12% below average (neutral) and Bollinger Bands were 53% narrower than normal.
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
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.
SINGAPORE EXCHAN is currently 0.2% below its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of SGXL.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on SGXL.SI and have had this outlook for the last 27 periods.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 17.6471. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 8 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 44.91. 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 25 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 -68. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 1 period(s) ago.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 2 white candles and 5 black candles for a net of 3 black candles. During the past 50 bars, there have been 18 white candles and 24 black candles for a net of 6 black candles.
Latest posts by John Heffernan (see all)
- Wilmar International HEFFX Highlights - August 4, 2019
- Golden Agri-Resources HEFFX Highlights - August 4, 2019
- Yangzijiang Shipbuilding Holdings HEFFX Highlights - August 4, 2019