DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

DBS Group Holdings Ltd (SGX:D05) HEFFX Highlights

  • It is an interesting time within Asia’s wealthy and technologically sharp financial sector. Developments in financial technology (fintech) are not just enhancing banking services, but replacing them completely.
  • Retail financial services are being further digitised via mobile wallets and payment applications, while equity crowdfunding and online lending platforms provide access to private and alternative investment areas. It is a time beset with challenges, but it is also a time brimming with opportunities as banks scramble to adapt to the changing landscape.
  • Amidst the technological disruptions, DBS cements its position as a leading digital Asian bank and continues to enhance ways to serve and engage customers. With many award-winning innovations, DBS weaves banking into everyday life and adapts its services for experiences that impact a growing breed of tech-savvy businesses, communities and consumers.
  • “We embrace digitisation in a transformational way,” says Sebastian Paredes, CEO of DBS Bank (Hong Kong). “We continue to invest considerable resources to drive innovations in digital banking, with many notable examples of first-in-market and award-winning initiatives to effectively realise a seamless and joyful customer experience.”

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: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

The projected upper bound is: 21.75.

The projected lower bound is: 20.30.

The projected closing price is: 21.02.

DBS GRP HLDGS closed down -0.130 at 21.020. Volume was 88% above average (neutral) and Bollinger Bands were 26% wider than normal.

Open        High        Low           Close        Volume
21.110      21.110      20.850      21.020      8,335,300

Technical Outlook
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period      50-period       200-period
Close:                       21.73              20.98              19.00
Volatility:                30                   22                    20
Volume:                  5,456,267      4,326,859      5,175,298

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.

Summary

DBS GRP HLDGS is currently 10.6% above its 200-period moving average and is in an upward 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 bullish on DBSM.SI and have had this outlook for the last 23 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 11.5501. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 2 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 44.28. 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 7 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 -166.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 2 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 2 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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