Moses’s Free Singapore Stock MACD Scan – April 26, 2016
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April 26 Singapore stocks MACD scan that has MACD bullish or bearish signals. The Singapore stock market benchmark, Straits Times Index closed at 2900.28 points. STI gap down and closed below open. Picture worth a thousand words.
Technical Analysis
Straits Times Index pullback and breakout below neckline. Is it the right shoulder breakout a whipsaw?
Trading takes two sides; buy and sell. The trend moves north, because there are more buyer wanting to buy as compare to seller. Traders place their trade base on their believe. Trend is like big ship, it will take a lot of strength to change direction.
If you are new here, please check the previous posting on Straits Times Index analysis or other analysis.
Straits Times Index, ^STI
Inverted Head and Shoulders, is it reversal or pullback? Only until the index goes below the low. STI open 2888.39 points gap down and close lower, STI closed 2894.66 points.
If the breakout fail, this will become a whipsaw.
April 26, 2016 Straits Times Index
April 26, 2016 Free Singapore Stock MACD Scan Results
Eliminated stocks less than $0.35, and less than 500,000 stocks changed hand. Twenty five (25) stocks have MACD bullish or bearish signal. Out of 25 stocks, 2 stocks have bullish MACD signal and 23 stocks have bearish MACD signal. These are script generated results, sorted by volume. The market is very bearish, based on the MACD signals.
Moving Average Convergence Divergence
- MACD stands for Moving Average Convergence Divergence, the MACD line (red line or called fast line) and MACD signal line (blue line, or called slow line).
- MACD bullish signal when red line crosses above the blue line or MACD line crosses above zero line.
- MACD bearish signal when blue line crosses below red line or MACD line crosses below zero line.
The scanner helps to shortlist the stock for further technical analysis to determine the entry and exit point, and the risk involved.
April 26, 2016 Free Singapore Stock MACD Scan Results
The MACD screener is written using AmiBroker AFL script. AmiBroker is a powerful charting software.
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Moses Stock Analysis and Scan
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