DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

  • DBS Bank will be investing more than S$20 million over the next five years in a programme that will train its 10,000 employees in Singapore in digital banking skills and technologies.
    The move is in support of Singapore’s vision to be a Smart Nation which Prime Minister Lee Hsien Loong highlighted during his National Day Rally speech, it said in a press release on Monday.
  • The broad-based programme will include artificial intelligence (AI)-powered e-learning. AI can make personalised course recommendations for employees and help them to collaborate and engage in mobile education at any time or place across the bank, it said.

DBS Group Holdings Ltd is an investment holding company. The Company performs its operation through its subsidiary, DBS Bank Ltd (the Bank), which is engaged in a range of commercial banking and financial services, principally in Asia. The Company’s operating segments include Consumer Banking/Wealth Management; Institutional Banking; Treasury, and Others. The Consumer Banking/Wealth Management segment provides individual customers with a range of banking and related financial services. The Institutional Banking segment provides financial services and products to institutional clients, including bank and non-bank financial institutions, government-linked companies, corporates, and small and medium-sized businesses. The Treasury segment provides treasury services to corporations, institutional and private investors, financial institutions and other market participants. The Others segment includes a range of activities from corporate decisions.

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 21.27.

The projected lower bound is: 19.72.

The projected closing price is: 20.49.

DBS GRP HLDGS closed down -0.010 at 20.490. Volume was 16% below average (neutral) and Bollinger Bands were 66% wider than normal.

Open High Low Close Volume
20.550 20.550 20.450 20.490 3,829,000

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 20.80 21.02 19.23
Volatility: 23 23 21
Volume: 5,646,128 4,414,967 5,225,275

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


DBS GRP HLDGS is currently 6.6% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of DBSM.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on DBSM.SI and have had this outlook for the last 6 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 23.6111. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 40.09. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 15 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -90. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 10 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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