The Straits Times Index, STI closed at 2659 points. It pulls back 23.97 points. The index has been bearish since December 8, 2011 for two weeks. It re-tested the 2640 and 2650 support zone. Can the index be supported at this zone level or just a whipsaw? Will See.
Singapore stock scan helps to filter stocks listed in Singapore Stock Exchange to identify stocks potentially have MACD bullish or bearish signal.
MACD Scan for Singapore stock market has picked 13 stocks on December 16, 2011 after the market closed. These stocks pass the scanning criteria for volume exceeding 100K and price closed above $1. Out of 13 stocks picked 10 stocks have bullish signal, and the rest of 3 stocks have bearish signal.
Straits Times Index, STI, Singapore stocks market benchmark index for December 16, 2011
The STI closed 23.97 points higher.
O = 2635,25 points
C = 2659.22 points
H = 2667.38 points
L = 2635.25 points
The following are the 13 Stocks Picked by MACD Scanner for market closed December 16, 2011
10 stocks have MACD bullish signal and 3 stocks have MACD bearish signal.
| Company | Type | Close | Vol.(K) | Screening Result |
| GENTING SINGAPORE PLC | bullish |
1.515 |
22632 |
MACD Cross-Up Signal |
| STRAITS ASIA RESOURCES LIMITED | bearish |
1.91 |
7305 |
MACD Cross-Down Signal |
| CAPITALAND LIMITED | bullish |
2.3 |
6202 |
MACD-H +ve Divergence |
| BIOSENSORS INT’L GROUP LTD. | bullish |
1.41 |
6136 |
MACD Cross-Up Signal |
| DBS GROUP HOLDINGS LTD | bullish |
11.64 |
3557 |
MACD-H +ve Divergence |
| KEPPEL LAND LIMITED | bullish |
2.26 |
2169 |
MACD +ve Divergence |
| SATS LTD. | bullish |
2.34 |
1293 |
MACD Cross-Up ZeroLine |
| FRASERS CENTREPOINT TRUST | bearish |
1.455 |
1067 |
MACD Cross-Down Signal |
| SMRT CORPORATION LTD | bullish |
1.82 |
1015 |
MACD Cross-Up ZeroLine |
| IS MSCI INDIA 100 | bullish |
5.18 |
943 |
MACD-H +ve Divergence |
| SINGAPORE EXCHANGE LIMITED | bullish |
6.05 |
925 |
MACD-H +ve Divergence |
| UOL GROUP LIMITED | bullish |
4.09 |
737 |
MACD Cross-Up Signal |
| FIRST RESOURCES LIMITED | bearish |
1.48 |
375 |
MACD Cross-Down ZeroLine |
DSICLAIMER
Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.
The above result is for illustration purpose If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD characteristics. Amibroker can program to scan the stocks for buy and sell signals.
The MACD signal should use with price action. Users must understand MACD and price action before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence (MACD).
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