Welcome!
Welcome to AmiBrokerAcademy.com free MACD stock scan. This scanner runs on a daily basis to help traders filter shares that listing in Singapore. The MACD scan will identify stocks that have MACD bullish or bearish signal. Potentially the identified stocks will have bullish or bearish movement in the near term.
Our stock scanner is an AmiBroker charting software AFL script written based on the MACD indicator. MACD is a popular technical indicator to identify trend and potential reversal. The scanner replaces the human effort in reviewing one stock at a time. With the screener script, it only takes a few minutes to go through the database that contains nearly 1000 equities listed in Singapore Stock Exchange.
Moving Average Convergence Divergence, MACD
For those we do not know what MACD is. This is one of the Technical Analysis.
- 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 right approach is further analyzing the shortlisted stocks to determine the suitable entry and exit, and stop loss. Calculate the the risk involved.
MACD Scan
Today, there are also 8 stocks picked for the day. The following are the 8 stocks that passed our selection criteria for MACD closed on 28 December 2011. These stocks are volume exceeding 100K and stock price above one dollar.
Out of eight stocks there are five stocks that have bullish MACD signal and three stocks that have bearish MACD signal. The market is expected to continue to be weak. This is expected to be continued till the traders have returned from their yearend vacation.
| Company | Type | Close | Vol.(K) | Screening Result |
| THE HOUR GLASS LIMITED | bullish |
1.08 |
234 |
MACD Cross-Up ZeroLine |
| ARA ASSET MANAGEMENT LIMITED | bullish |
1.195 |
278 |
MACD Cross-Up ZeroLine |
| SMRT CORPORATION LTD | bullish |
1.75 |
620 |
MACD +ve Divergence |
| HONGKONG LAND HOLDINGS LIMITED | bullish |
4.76 |
391 |
MACD Cross-Up ZeroLine |
| SEMBCORP MARINE LTD | bullish |
3.85 |
2074 |
MACD Cross-Up ZeroLine |
| CDL HOSPITALITY TRUSTS | bearish |
1.535 |
246 |
MACD Cross-Down ZeroLine |
| KEPPEL CORPORATION LIMITED | bearish |
9.43 |
1224 |
MACD-H -ve Divergence |
| STX OSV HOLDINGS LIMITED | bearish |
1.165 |
1698 |
MACD Cross-Down ZeroLine |
Straits Times Index, Singapore stock market benchmark, STI for December 28, 2011
One more trading day to go, we will say good bye to 2011. Looks like the 2011 will end STI at around 2660 points. Will see.
O = 2676.92 points
C = 2666.25 points
H = 2683.03 points
L = 2661.07 points
The Straits Times Index, STI closed 7.37 points lower than the last market closed. The market is continued to have the festive mode.
DSICLAIMER
Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should not be considered as an offer or enticement to buy, sell or trade.
The above result is for illustration purpose. 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.
The MACD signal should use with price action. Users must understand MACD and price action before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence (MACD).
You should seek advice from your broker, or licensed investment advisor, before taking any action.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.