Moses’ Stock Review MACD Stock Scan – May 7, 2014

May 7, 2014

Moses’ MACD Stock Scan

Moses uses powerful charting software, AmiBroker’s explore feature to scan through 730 stocks that listed in Singapore Stock Exchange, SGX to find all Moving Average Convergence Divergence (MACD) bullish and bearish signals.

Straits Times Index, STI SGX stock benchmark was struggle to stay up, at least maintain the same level. However, after the May Labour Day, the selling pressure was high. There were many reasons speculated in the market, like concerns over the regional economies, weak mass Asia market production, and so on plus many other news from the other side of the ocean. But, but please note, these ‘bad’ news had already factor into the price action. By the time you read about all these news, the market had already moved. So, just gaze at the chart and not read too much about the market.

May 7, 2014 SGX stock performance, market benchmark Straits Times Index, STI closed at 3236.43 points, down 9.13 points or 0.28 percent lower from the last closed at 3245.56 points STI could not stop drifting south.

May 7, 2014 Straits Times Index, STI Daily Chart

SGX, Singapore Stock Exchange stock benchmark, STI, Straits Time Index May 7, 2014 Daily Chart

May 7, 2014 Free MACD Scan Results

Free stock market scan results, Moses’ Stock Corner. Moses provides list of Singapore stocks have the following signals.

1. MACD line crosses above MACD signal – Bullish trend
2. MACD line crosses above zero line – Bullish trend
3. MACD Histogram +ve Divergence – Bullish trend
4. MACD line crosses below MACD signal – Bearish trend
5. MACD line crosses below zero line – Bearish trend
6. MACD Histogram -ve Divergence – Bearish trend
7. Volume traded greater 500,000 shares

Total 83 Singapore stocks have MACD bullish and bearish signals, but only 42 stocks have traded more than 500,000 shares.

Moses

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