Daily Stock Report
Monday, July 20, 2026 at 14:46 SGT
1. Market Snapshot
SG public holiday — SGX closed today (Hari Raya Haji). US futures indicate a subdued open (S&P futures -0.08%). STI closed last Friday at 5,494, near 52-week highs. The Hang Seng rallied +1.8% to approach 25,000, driven by Chinese tech strength. Meanwhile, Chinese mainland indexes (Shanghai Comp, CSI 300) remain in a deep correction with RSI in the 21-28 range — deeply oversold but without confirmed reversal yet. Crypto Fear & Greed Index at 29/100 - Fear (trending up from 22 last week). VIX at 18.77 (+12.2%) suggests rising US equity volatility.
2. Market Benchmarks
| Index | Price | Chg% | RSI | 52W% | Trend |
|---|
| STI (SG) | 5,494.10 | -0.28% | 85.9 | +95.20% | Bullish |
| S&P 500 (US) | 7,457.69 | -1.01% | 51.7 | +88.40% | Neutral |
| HSI (HK) | 24,999.22 | +1.78% | 79.5 | +44.80% | Bullish |
| Shanghai Comp (CN) | 3,752.30 | -0.31% | 21.3 | +29.30% | Bearish |
| CSI 300 (CN) | 4,538.01 | +0.20% | 27.7 | +92.20% | Bearish |
Signal Interpretation: The market is showing extreme divergence — SG banks and HK tech are extended while China mainland and crypto are deeply depressed. This dispersion typically resolves via mean reversion. The sheer number of overbought signals (7 tickers) versus oversold (1 ticker, Shanghai Comp) suggests caution: when most of your portfolio is in overbought territory, a broad pullback would hit hardest. The death crosses on 11 tickers (including TSLA, NVDA, MCHI, and Chinese indexes) reinforce that the bull case is narrow, not broad.
SG and HK markets are leading, both near overbought territory (STI RSI 85.9, HSI RSI 79.5), while Chinese mainland indexes are deeply oversold (Shanghai Comp RSI 21.3). The S&P 500 sits neutral at RSI 51.7, suggesting rotation out of US into Asian ex-China plays.
3. SGX Stocks (SGD)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| DBS | 71.90 | -0.08% | 87.5 | +0.55 | +4.85% | +10.59% | +23.24% | +93.80% |
| OCBC | 28.59 | +0.11% | 95.0 | +0.46 | +8.39% | +15.69% | +35.07% | +97.10% |
| UMS | 2.44 | +0.00% | 37.3 | +0.46 | -4.95% | -7.22% | +43.91% | +66.50% |
| Sheng Siong | 3.27 | -0.30% | 60.5 | +0.45 | -0.05% | +3.10% | +17.12% | +90.60% |
| HSTECH | 0.76 | +2.01% | 64.3 | +0.79 | +3.07% | -0.05% | -10.46% | +18.60% |
SG banks dominate — DBS (RSI 87.5) and OCBC (RSI 95.0) are extremely overbought near 52-week highs, both sporting golden crosses well above all MAs. Volume is light (ratio 0.55 and 0.46) on today's holiday-thinned session. UMS shows weakness with a death cross and RSI 37.3, diverging from the bank-led STI rally. HSTECH gained +2% but remains below its 200-day SMA, still in repair mode.
4. US Stocks (USD)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| NVDA | $202.81 | -2.21% | 57.1 | +1.13 | +0.34% | -3.38% | +5.41% | +53.50% |
| AAPL | $333.74 | +0.14% | 91.5 | +1.19 | +9.24% | +10.27% | +21.71% | +99.10% |
| TSLA | $380.84 | -2.61% | 39.0 | +1.06 | -4.28% | -7.07% | -8.68% | +41.30% |
| MCHI | $52.95 | -2.20% | 64.2 | +0.69 | +1.40% | -2.89% | -10.70% | +17.60% |
AAPL is the standout at RSI 91.5, pushing 99.1% of its 52-week range — extremely extended and due for a pullback. NVDA dipped 2.2% on elevated volume with a death cross in place, suggesting further downside toward SMA200 ($192). TSLA continues to weaken (RSI 39), below all major MAs, with no signs of reversal. MCHI also fell 2.2%, reflecting China weakness filtering into US-listed China ETFs.
5. HKSE Stocks (HKD)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| BYD | HK$89.75 | +1.18% | 77.5 | +0.57 | +9.87% | +2.37% | -7.87% | +28.30% |
| Alibaba | HK$116.90 | +3.82% | 85.6 | +0.82 | +13.55% | +1.21% | -17.30% | +29.00% |
HSI rallied 1.8% to near 25,000, pulling both BYD and Alibaba into overbought territory. Alibaba (RSI 85.6) surged 3.8% with strong momentum — 13.5% above its 20-day MA. BYD (RSI 77.5) is also extended. Both show death crosses at the 20/50 level, but the momentum suggests bulls are in control. With HSI at 44.8% of 52-week range, there's room to run but caution warranted on the overbought readings.
6. Crypto (USD)
Fear & Greed: 29/100 - Fear (up)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| BTC | $63,768.74 | -1.43% | 52.2 | +0.89 | +0.59% | +0.96% | -12.55% | +8.80% |
| ETH | $1,846.73 | -1.32% | 59.5 | +1.01 | +2.79% | +6.66% | -15.20% | +9.90% |
| DOGE | $0.07 | -1.36% | 38.0 | +0.99 | -3.35% | -10.28% | -27.95% | +0.70% |
Fear & Greed at 29 (Fear, trending up) signals bearish sentiment but not yet panic capitulation. BTC and ETH show golden crosses and sit just above their 20/50-day SMAs, a constructive short-term setup, but both remain 12-15% below the 200-day SMA — the bear market structure persists. DOGE is the weakest link, death cross intact and RSI 38, barely above its 52-week low. A break of $0.069 would be technically devastating. The sector needs a catalyst to break out of range.
7. Currency Corner (SGD Perspective)
SGD strengthened slightly against USD (-0.26% to 1.2908), providing a small tailwind for USD-denominated holdings when converted back. This continues the broad SGD strength trend. CNY/SGD at 0.1901 means further weakness in Chinese holdings is doubly punished by both stock depreciation and FX conversion.
8. Key Signals
Overbought (RSI > 75)
- OCBC RSI 95.0
- AAPL RSI 91.5
- DBS RSI 87.5
- STI RSI 85.9
- Alibaba RSI 85.6
- HSI RSI 79.5
- BYD RSI 77.5
Unusual Volume (High)
- Shanghai Comp 5.00x
- CSI 300 5.00x
Near 52W High (>95%)
- AAPL 99.1%
- OCBC 97.1%
- STI 95.2%
Near 52W Low (<10%)
- DOGE 0.7%
- BTC 8.8%
- ETH 9.9%
Golden Cross (MA20 > MA50)
- AAPL
- BTC
- ETH
- DBS
- OCBC
- S&P 500
- STI
- Sheng Siong
Death Cross (MA20 < MA50)
- Alibaba
- BYD
- CSI 300
- DOGE
- HSI
- HSTECH
- MCHI
- NVDA
- Shanghai Comp
- TSLA
- UMS
9. Earnings Calendar Alert
Next 14 days (Jul 20 – Aug 3): No watchlist tickers have confirmed earnings in this window. NVDA's next earnings are scheduled for August 26, 2026 (EPS est. $2.09, after beating by 5.5% last quarter). Alibaba (9988.HK) next earnings expected around August 28, 2026 (unconfirmed). Both are beyond the 14-day window, so no near-term earnings catalysts or risks for the watchlist.
10. TL;DR
Key Takeaway
Caution is warranted this week. SG banks (DBS, OCBC) and AAPL are all pushing extreme RSI levels above 87 — these are textbook profit-taking zones, especially with declining volume on the banks. Consider tightening trailing stops on OCBC and DBS positions. The HSI rally is impressive but needs to clear 25,000 and sustain above the 200-day MA to confirm a structural breakout. Chinese mainland stocks are deeply oversold (Shanghai RSI 21.3) — a contrarian buy signal for patient investors, but wait for a reversal candle or RSI crossing back above 30 before deploying. Crypto remains in no-man's land with Fear & Greed at 29 — BTC's golden cross is bullish but the 200-day SMA overhead at $72,900 caps upside for now. Most actionable: trim/extend stops on overbought SG banks and AAPL; keep powder dry for a China mainland entry if Shanghai RSI bounces above 30.