Singapore: STI Index (.STI) retail sales up 1.9%

Singapore: STI Index (.STI) retail sales up 1.9%

Singapore: STI Index (.STI) retail sales up 1.9% 

Retail sales in Singapore rose 1.9% in September on a year-on-year basis after declining for the months of July and August. The increase was helped by increased sales seen in petrol service stations, watches and jewelleries, and medical goods and toiletries.

Total receipts reached around S$3.6 billion for September, with online retail sales contributing about 4.9%. Excluding motor sales, retail sales grew by 1.8%, the Department of Statistics Singapore said on Monday.

Petrol service stations saw sales increasing by 11.4% for September due to the higher petrol prices.

Meanwhile, supermarkets and hypermarkets, mini-marts and convenience stores, computer and telecommunications equipment, as well as optical goods and books saw slower sales compared to a year ago.

Food and beverage services’ receipts up 1.3%

Food and beverage services saw sales increasing by 1.3% in September from a year ago, with total receipts at around S$704 million, higher than S$695 million in September 2017.

For that month, restaurants, fast food outlets and other eateries (for example, cafes) saw increased sales compared to a year ago, up by 4.0%, 5.9%, and 0.1%, respectively. Only food caterers saw a fall in sales by 8.9%.

Compared to the previous month, seasonally-adjusted retail sales edged down 0.4%, and sales of food and beverage services was lower by 1.7%.

Overall, the bias in prices is: Downwards.

The projected upper bound is: 3,149.27.

The projected lower bound is: 2,981.21.

The projected closing price is: 3,065.24.


A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 22 white candles and 27 black candles for a net of 5 black candles.

A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

Momentum Indicators

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 45.9272. This is not an overbought or oversold reading. The last signal was a sell 3 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 48.02. 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 7 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 59. This is not a topping or bottoming area. The last signal was a sell 4 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 buy 6 period(s) ago.

Rex Takasugi – TD Profile

STRAITS TIMES closed down -9.820 at 3,068.150. Volume was 32% below average (neutral) and Bollinger Bands were 17% narrower than normal.

Open High Low Close Volume___
3,060.3003,089.8203,059.3203,068.150 158,330,144

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

Moving Averages: 10-period 50-period 200-period
Close: 3,050.94 3,125.40 3,337.94
Volatility: 21 17 16
Volume: 240,334,080 232,806,272 249,753,536

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.


STRAITS TIMES is currently 8.1% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of .STI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on .STI and have had this outlook for the last 21 periods.

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