April 24, 2016
Moses’s Free Weekly MACD Singapore Stock Scan
Welcome to Moses’s Free Singapore Stocks MACD Stock Scan at AmiBrokerAcademy.com. Thank you for visiting the site. You are here because you want to know why the stock moves or which stocks may move in the near future.
Straits Times Index closed the week at 2940.43 points. It has been a bullish week. It opened low, 2901.4 points. The candlesticks keep close higher high. The Singapore stock market benchmark, Straits Times Index closed above the neckline.
Let see next week, can the momentum maintain to push the ^STI further north.
Technical Analysis
Straits Times Index has completed and broke out the right shoulder.
If you are new here, please check the previous posting on Straits Times Index analysis or other analysis.
2016 April Month Straits Times Index
201604 18 to 22 Singapore Stocks Weekly MACD Scan Results
Eliminated stocks less than $0.35, and less than 500,000 stocks changed hand. Twenty six (26) stocks have MACD bullish or bearish signal. Out of 26 stocks, 7 stocks have bullish MACD signal and 19 stocks have bearish MACD signal. These are script generated results, sorted by volume. This week the market has more bearish MACD signals.
The MACD screener is written using AmiBroker AFL script. AmiBroker is a powerful charting software.
What is MACD?
MACD stands for Moving Average Convergence Divergence. It is a leading indicator. It shows the strength of the price. It provides a clue on possible price may change direction.
MACD was developed by Gerald Appel in the late seventies.
The following are the MACD characteristic:
- MACD stands for Moving Average Convergence Divergence, the MACD line (red line or called fast line) and MACD signal line (blue line, or called slow line).
- MACD Bullish Signal Line Cross: MACD bullish signal when red line crosses above the blue line or MACD line crosses above zero line.
- MACD Bearish Signal Line Cross: MACD bearish signal when blue line crosses below red line or MACD line crosses below zero line.
April 18 to 22, 2016 Weekly Singapore Stock MACD Scan Results
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Moses Singapore Stocks MACDScan
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