Singapore market index, Straits Times Index, STI closed below 2650 at 2643.93. It is down another 33.22 points from last closed. STI scan, ST continues to go lower. Only 4 stocks pass the scan selection criteria, for volume exceeding 100K and price closed above $1.
MACD indicator makes up of 2 lines. The MACD Line (fast line) and MACD Signal Line (slow line).
When the MACD Line crosses over the MACD Signal Line the trend is bullish. When the MACD Line crosses below the MACD Signal 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.
| Ticker | Type | Close | Vol.(K) | Screening Result |
| LG2U | bullish |
1.605 |
177 |
MACD +ve Divergence |
| MS7 | bearish |
1.095 |
2016 |
MACD Cross-Down Signal |
| S63 | bullish |
2.69 |
2498 |
MACD-H +ve Divergence |
| T39 | bearish |
3.85 |
1528 |
MACD Cross-Down ZeroLine |
The following is the Technical Analysis for Treasury China Trust, LG2U. This is only for illustration of MACD bullish divergence trade.
The 2400 will be a very important support for ST Index, see the STI Chart 1989 to 2011 for illustration.
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.