Free FTSE Straits Times Index (STI) Technical Analysis Signals

Overal Signal
Hold
Signals
Neutral Hold Hold Hold
Last Update / Period
06 Nov / Daily
Category/Currency
Indexes/USD
Exchange/Country
SES/--

FTSE Straits Times Index (STI) signal with technical analysis on 06 Nov

On 06 Nov, we conducted a comprehensive technical analysis of FTSE Straits Times Index (STI), considering 256 signals with intricate details. Here are the key findings: 52 signals suggested buy strategies, while 111 indicated sell strategies. The remaining 93 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 22
Sell Signals: 20
Neutral Signals: 22
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 14
Sell Signals: 29
Neutral Signals: 21
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 8
Sell Signals: 32
Neutral Signals: 24
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 8
Sell Signals: 30
Neutral Signals: 26
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 52
Sell Signals: 111
Neutral Signals: 93
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your FTSE Straits Times Index (STI) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for FTSE Straits Times Index (STI) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
FTSE Straits Times Index (STI) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
FTSE Straits Times Index (STI) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 5.57% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **FTSE Straits Times Index (STI)** holdings.

FTSE Straits Times Index (STI) Price Analysis and Support Levels:

In our current FTSE Straits Times Index (STI) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 3509.2 We are closely monitoring the price at the first support level of 3509.2, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 3392.63 If the first support level at 3509.2 is broken, the second support level at 3392.63 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 3198.44 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 3198.44 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading FTSE Straits Times Index (STI). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

FTSE Straits Times Index (STI) technical analysis chart

FTSE Straits Times Index (STI) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 3509.2 3392.63 3198.44 3128.7 3041.67
 FTSE Straits Times Index (STI) Support and Resistance area (06 Nov)

FTSE Straits Times Index (STI) signals list for 06 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

FTSE Straits Times Index (STI) candlestick patterns on 06 Nov

Today's FTSE Straits Times Index (STI) Candle Patterns List:

Closing Marubozu Engulfing Pattern

FTSE Straits Times Index (STI) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Nov Hold NeutralHoldHoldHold
2 04 Nov Hold HoldHoldHoldHold
3 01 Nov Hold HoldHoldHoldHold
4 30 Oct Sell HoldHoldSellSell
5 29 Oct Hold HoldHoldNeutralNeutral
6 28 Oct Hold HoldHoldNeutralNeutral
7 25 Oct Sell HoldSellNeutralNeutral
8 24 Oct Buy HoldBuyNeutralBuy
9 23 Oct Hold HoldNeutralNeutralNeutral
10 22 Oct Sell SellNeutralNeutralNeutral
11 21 Oct Hold HoldHoldHoldHold
12 18 Oct Hold HoldHoldHoldHold
13 17 Oct Buy BuyHoldBuyBuy
14 16 Oct Hold NeutralBuyNeutralNeutral
15 15 Oct Neutral HoldNeutralNeutralNeutral
16 14 Oct Buy NeutralNeutralNeutralBuy
17 11 Oct Sell HoldHoldSellNeutral
18 10 Oct Sell SellNeutralNeutralNeutral
19 09 Oct Buy BuyNeutralNeutralNeutral
20 08 Oct Hold NeutralSellNeutralNeutral
21 07 Oct Buy HoldBuyNeutralNeutral
22 04 Oct Buy BuyNeutralNeutralNeutral
23 03 Oct Sell SellHoldNeutralHold
24 02 Oct Neutral NeutralHoldNeutralHold
25 01 Oct Hold HoldSellNeutralHold
26 30 Sep Hold HoldNeutralNeutralHold
27 27 Sep Neutral HoldNeutralHoldHold
28 26 Sep Neutral HoldNeutralHoldHold
29 25 Sep Sell SellNeutralHoldHold
30 24 Sep Hold NeutralHoldHoldHold

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