Keppel Corporation Limited (SGX:BN4) Trading Outlook

Keppel Corporation Limited (SGX:BN4) Trading Outlook

Keppel Corporation Limited (SGX:BN4) Trading Outlook

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 8.06.

The projected lower bound is: 7.49.

The projected closing price is: 7.78.

Keppel Corporation Limited is an investment holding and management company. The Company, through its subsidiaries, is engaged in offshore oil-rig construction, shipbuilding, and ship repair and conversion; environmental engineering, power generation, logistics and data centers; property development and investment, and property fund management, and investments. The Company operates in four segments: Offshore & Marine, Infrastructure, Property and Investments. Its Offshore & Marine segment provides offshore rig design, construction, repair and upgrading, ship conversions and repair, and specialized shipbuilding. The Infrastructure segment is engaged in environmental engineering, power generation, and logistics and data centers. The Property segment is engaged in property development and investment, and property fund management. The Investments segment consists of its investments in KrisEnergy Limited, M1 Limited, k1 Ventures Ltd, among others.

KEPPEL CORP closed up 0.160 at 7.750. Volume was 131% above average (neutral) and Bollinger Bands were 7% narrower than normal.

Open      High       Low         Close      Volume
7.660      7.750      7.660      7.750     8,618,100

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

Moving Averages: 10-period         50-period        200-period
Close:                       7.50                   7.08                  6.68
Volatility:                31                       25                      21
Volume:                   4,548,840        4,632,794        4,048,949

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

KEPPEL CORP is currently 16.0% 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 KPLM.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on KPLM.SI and have had this outlook for the last 3 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

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 83.7838. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 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 65.44. 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 12 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 125.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 3 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 14 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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