Welcome!
Today is the last trading day for 2011. Singapore stock market closed 26.43 points lower.
Welcome to AmiBrokerAcademy.com free MACD Singapore stock scan. This scanner runs on a daily basis to help traders filter the stocks that are listing in Singapore. The MACD scan will identify for stocks only have MACD bullish or bearish signal. Only scanner will only pick those that have volume greater than 100K and have stock price more than a dollar. Potentially for stocks have bullish or bearish MACD signal could move in the near term. The signal is correct till it is being proven wrong.
Our stock scanner is written in AmiBroker AFL based upon the MACD indicator rules. MACD is a popular technical indicator that identifies trend and potential reversal.
The benefit of a scanner is it replaces the human effort in reviewing the stock one at a time. It only takes a few minutes for the screener script to go through the entire database which contains nearly 1000 equities listed in Singapore Stock Exchange. Compare it to a manual effort, assuming if it only takes 5 minutes per stock, with 1000 stocks to review. It will be 5000 minutes in this case. It will equal to 83 plus hours which means nearly 3 and a half days. Wow!
Moving Average Convergence Divergence, MACD
For those we do not know what MACD is. MACD was developed by Gerald Appel in the late seventies.
- 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 Line Cross: MACD bullish signal when red line crosses above the blue line or MACD line crosses above zero line.
- MACD Bearish Signal Line Cross: MACD bearish signal when blue line crosses below red line or MACD line crosses below zero line.
MACD Scan
Today, there are 8 stocks picked for the day. The following are the 8 stocks that passed our selection criteria for MACD scan script that closed on 30 December 2011. These stocks are volume exceeding 100K and price above one dollar.
Out of 8 stocks there are 4 stocks that have bullish MACD signal and 4 stocks that have bearish MACD signal.
| Company | type | Close | Vol.(K) | Screening Result |
| SMRT CORPORATION LTD | bullish | 1.77 | 174 | MACD Cross-Up Signal |
| OVERSEAS UNION ENTERPRISE LTD | bullish | 2.1 | 2706 | MACD Cross-Up Signal |
| INDOFOOD AGRI RESOURCES LTD. | bullish | 1.265 | 1110 | MACD Cross-Up Signal |
| PARKWAYLIFE REIT | bullish | 1.79 | 125 | MACD Cross-Up ZeroLine |
| HONGKONG LAND HOLDINGS LIMITED | bearish | 4.54 | 744 | MACD Cross-Down Signal |
| MAPLETREE INDUSTRIAL TRUST | bearish | 1.075 | 806 | MACD Cross-Down ZeroLine |
| OVERSEA-CHINESE BANKING CORP | bearish | 7.83 | 3076 | MACD Cross-Down Signal |
| NOBLE GROUP LIMITED | bearish | 1.13 | 22085 | MACD Cross-Down Signal |
Straits Times Index, Singapore stock market benchmark, STI for market ended December 30, 2011
O = 2662.73 points
C = 2646.35 points
H = 2671.28 points
L = 2646.35 points
The Straits Times Index, STI closed at 2646.35 points, 26.43 points lower than the last market closed.
52 Weeks Straits Times Index, STI Daily Chart, for market ended December 30, 2011
The STI was resisted by 20 days EMA and equal distance channel.
Straits Times Index, STI 52 Weeks Daily Chart Jan - Dec 2011
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.