DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS Group Holdings Ltd (SGX:D05) Trading Outlook

DBS GRP HLDGS closed up 0.200 at 19.200. Volume was 4% above average (neutral) and Bollinger Bands were 36% narrower than normal.

Open High Low Close Volume___
19.090 19.250 19.060 19.200 4,850,300

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

Moving Averages: 10-period 50-period 200-period
Close: 19.00 18.95 17.02
Volatility: 15 18 18
Volume: 3,840,830 4,408,349 5,148,253

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 gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.

DBS GRP HLDGS is currently 12.8% above its 200-period moving average and is in an downward trend. Volatility is relatively normal 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.

Valuation Ratios

Company industry sector
P/E Ratio (TTM) 11.40 17.48 20.43
P/E High – Last 5 Yrs. 12.81 16.32 25.04
P/E Low – Last 5 Yrs. 9.43 10.85 11.04
Beta 1.32 1.55 1.53
Price to Sales (TTM) 4.10 4.81 4.86
Price to Book (MRQ) 1.08 2.47 2.38
Price to Tangible Book (MRQ) 1.23 2.56 2.49
Price to Cash Flow (TTM) 10.56 14.12 14.79
% Owned Institutions 0.28 0.40

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 5 rising windows in the last 50 candles–this makes the current rising window even more bullish.

Institutional Holders

% Shares Owned: 53.34%
# of Holders: 423
Total Shares Held: 1,359,711,707
3 Mo. Net Change: 35,772,432
# New Positions: 9
# Closed Positions: 1
# Increased Positions: 80
# Reduced Positions: 58
# Net Buyers: 22

singapore photo
Photo by RichardJames1990

Momentum

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 69.8631. This is not an overbought or oversold reading. The last signal was a buy 3 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 55.71. 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 58 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 81. This is not a topping or bottoming area. The last signal was a buy 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 11 period(s) ago.

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.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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