Short down phase with possible reboundStarting off with the daily, PPM1 is still solidly in trend mode, which means the 10SMA will still act as a strong support initially.
That said, the trajectory of PPM1 is still down. However PPM2 is predicted to be rising. Hence even if the 10SMA is breached, the 21SMA is likely to hold the line.
Key stats
About STI ETF
Home page
Inception date
Apr 11, 2002
Replication method
Physical
Dividend treatment
Distributes
Primary advisor
State Street Global Advisors Singapore Ltd.
Distributor
State Street Corp. (Fund Distributor)
ISIN
SG1W45939194
SPDR Straits Times Index ETF is a fund that generates returns which corresponds to the performance of the Straits Times Index. The company was founded on April, 04 2002 and is headquartered in Singapore.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
Top 10 holdings
Beware bear trapOnce bitten twice shy. As much as the weekly and daily charts look depressing, it doesn't change the fact that the weekly PPMs are all still strongly in uptrend.
Starting at the daily, PPMs 1 and 3 are under their derivatives and not in any trend. Algo also says more of the same.
However PPM2 is
Clear path ahead?Since the last update, while the price did come down to hit the 10SMA, it didn't start a downtrend. It went back up instead.
Now looking forward, the daily is once again showing signs of weakness. Looking at the PPM 1, though it is still in trend mode, the algo seems to suggest a lost in momentum.
And...Down we goMomentum is lost on the daily chart. After floundering around for so long at the peak, price has started to come down. While the daily PPMs are still not in a downtrend, they are all below their derivatives. This means weakness in the momentum.
It is quite likely that the 40SMA at 3.3614 will not a
Weekly momentum not looking goodThe daily chart today shows a loss of momentum with all the PPMs trendless and their algos pointing to the downside.
Furthermore, price has just gone below the 10SMA. This is somehow to be expected as the PPM1 is below its 2 derivatives. I doubt the price can go much above the 10SMA in the near fut
Not much has changedNot much has changed since the last update. As the PPMs start to show a loss of momentum, the price starts tapering off. The upward momentum of price has been stopped.
Today's rise seems to have broken above the trading range, but I'm not sure if it can continue its momentum upwards for too much l
Don't get too happyDaily chart looks like its going to start another run up with the algos on the SMAs looking positively sloped. However looking down at the PPMs tell a different story.
PPMs 1 and 2 are still in trend mode, however note that PPM1 is below its 1st derivative so while price can still continue to go u
Momentum waningLooking at the daily chart, it seems like the short term momentum is waning a little.
PPM1 is on its way down and has just crossed its first derivative, suggesting we have at least temporarily topped. The 10 SMA is also showing downside movement.
The PPMs 2 and 3 are still holding on it seems. S
Mixed signalsThe daily chart is currently showing the momentum fading on the PPM1. It looks to be heading down after finding a near term top. As we can see price already trading in a range, it could mean that the market is trying to find a direction. This could either be finding a top or gathering momentum to co
Continued upward momentumUpward momentum continues to look stable. when looking at the charts for the next few days. The daily chart still shows stable momentum in PPM1 even as PPM2 and PPM3 are still struggling along. This may mean that the upward momentum will carry on for some time but is prone to suddenly dropping off.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ES3 trades at 4.016 SGD today, its price has risen 0.50% in the past 24 hours. Track more dynamics on ES3 price chart.
ES3 net asset value is 4.02 today — it's risen 2.68% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ES3 assets under management is 1.82 B SGD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ES3 price has risen by 2.63% over the last month, and its yearly performance shows a 18.12% increase. See more dynamics on ES3 price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.68% over the last month, showed a 5.06% increase in three-month performance and has increased by 23.68% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.68% over the last month, showed a 5.06% increase in three-month performance and has increased by 23.68% in a year.
ES3 fund flows account for 17.17 M SGD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
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ES3 invests in stocks. See more details in our Analysis section.
ES3 expense ratio is 0.30%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ES3 isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, ES3 technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ES3 shows the strong buy signal. See more of ES3 technicals for a more comprehensive analysis.
Today, ES3 technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ES3 shows the strong buy signal. See more of ES3 technicals for a more comprehensive analysis.
Yes, ES3 pays dividends to its holders with the dividend yield of 4.42%.
ES3 trades at a premium (0.12%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ES3 shares are issued by State Street Corp.
ES3 follows the FTSE Straits Times Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 11, 2002.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.