Daily Singapore shares market scan, using MACD Scanner, the MACD scanner has picked 7 EOD stocks on December 5, 2011 that passed the scan criteria for volume exceeding 100K and price closed above $1. Total 7 stocks were bullish. Even the Straits Times shares market benchmark, Straits Times Index, STI is closed 7.13 points lower than last Friday closed.
The following are the seven stocks that have bullish signal.
| Company | Type | Close | Vol.(K) | Screening Result |
| NEPTUNE ORIENT LINES LIMITED | bullish |
1.12 |
7995 |
MACD Cross-Up ZeroLine |
| COMFORTDELGRO CORPORATION LTD | bullish |
1.42 |
3485 |
MACD Cross-Up Signal |
| WING TAI HLDGS LTD | bullish |
1.075 |
1482 |
MACD Cross-Up Signal |
| FORTUNE REAL ESTATE INV TRUST | bullish |
3.49 |
1204 |
MACD Cross-Up Signal |
| OVERSEAS UNION ENTERPRISE LTD | bullish |
2.07 |
1165 |
MACD Cross-Up Signal |
| FRASERS CENTREPOINT TRUST | bullish |
1.475 |
845 |
MACD Cross-Up ZeroLine |
| SMRT CORPORATION LTD | bullish |
1.8 |
772 |
MACD Cross-Up Signal |
Moving Average Convergence Divergence, MACD
MACD, Moving Average Convergence Divergence can be used as a trend following tool and a momentum indicator. It shows acceleration and deceleration of a trend. It is also useful for spotting major trend reversal.
MACD oscillates above and below zero without any upper or lower limits.
MACD makes up of 2 lines. The MACD line (blue line) and MACD signal line (red line). The MACD line and signal line will cross up and down of the zero line.
When the MACD lien crosses over the MACD signal line the trend is bullish. When the MACD line crosses below the MACD signal line the trend is bearish.
When the MACD line crosses above zero line the trend is bullish. When the MACD line crosses below zero line the trend is bearish.
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.