Singapore stock scan helps to filter stocks listed in Singapore Stock Exchange and identify stocks potential has MACD bullish or bearish signal.
Singapore stock market MACD Scan has picked 9 stocks on December 15, 2011 after the market closed. These stocks pass the scanning criteria for volume exceeding 100K and price closed above $1. Out of 9 stocks picked only 6 stocks have bullish signal, and the rest of 3 stocks have bearish signal.
So, when the STI fall, there are still potential stocks to buy.
Straits Times Index, STI, Singapore stocks market benchmark for December 15, 2011
O = 2649.79 points
C = 2635.25 points
H = 2654.13 points
L = 2630.36 points
The STI closed another 37.14 lower points.
Market Analysis
Today is only Thursday, however STI has already dropped 59.35 since last Friday market closed. Can the market recover the lost ground at tomorrow trading to drive the index up? Who knows?
With the Europe zone very uncertain, US economy still weak, the property new Government cooling measure, the projection for next year growth is between 1 to 3 per cent, and many many bad news. Will this affect the traders and investors confident?
From a technical analysis stands point, the trend will hold till when it proven wrong.
As said, in order for the index to break up higher it will first pull back to build enough energy. Of course, the current index has broken below the important critical support level 2650, the next support will be 2530. See the daily chart, the index still could go up.
The following are the 9 Stocks Picked by MACD Scanner for market closed December 15, 2011
| Company | type | Close | Vol.(K) | Screening Result |
| KEPPEL LAND LIMITED | bullish |
2.23 |
4138 |
MACD-H +ve Divergence |
| ASCENDAS REAL ESTATE INV TRUST | bullish |
1.905 |
3301 |
MACD +ve Divergence |
| BIOSENSORS INT’L GROUP LTD. | bullish |
1.39 |
3051 |
MACD Cross-Up ZeroLine |
| HONGKONG LAND HOLDINGS LIMITED | bearish |
4.63 |
1886 |
MACD Cross-Down Signal |
| GOODPACK LIMITED | bullish |
1.315 |
461 |
MACD Cross-Up Signal |
| TOTAL ACCESS COMM PUB CO LTD | bullish |
2.55 |
404 |
MACD Cross-Up Signal |
| JARDINE CYCLE & CARRIAGE LTD | bearish |
46.5 |
392 |
MACD Cross-Down Signal |
| LYXOR ETF RUSSIA 10 | bullish |
3.64 |
165 |
MACD-H +ve Divergence |
| WHEELOCK PROPERTIES (S) LTD | bearish |
1.52 |
162 |
MACD Cross-Down Signal |
The Daily Straits Times Index for Singapore Stock Market ended on December 15, 2011
Straits Times Index, STI Daily Chart, December 15, 2011
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. 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.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.