Oversea-Chinese Banking Corp. Limited (SGX:O39) HEFFX Highlights

Oversea-Chinese Banking Corp. Limited (SGX:O39) HEFFX Highlights

Oversea-Chinese Banking Corp. Limited (SGX:O39) HEFFX Highlights

  • The facility, at OCBC Centre in Boat Quay, is run by the bank in partnership with NTUC First Campus, which manages The Little Skool-House childcare centre. Unlike most other such pre-schools, the OCBC facility provides dinner for the children and closes at 7.30pm. Others tend to shut their doors at 7pm.
  • Ms Jacinta Low, OCBC’s head of human resource planning, told The Straits Times the initial low enrolment may be due to parents wanting to wait and see or not wishing to move their child from another centre.
  • The bank’s partnership with NTUC First Campus has also expanded. In 2010, a similar centre was set up near the bank’s Tampines office. Later this year, another will open at One Marina Boulevard.

Oversea-Chinese Banking Corporation Limited (the Bank) is a Singapore-based financial services company. The Bank is engaged in the business of banking, life assurance, general insurance, asset management, investment holding, futures and stockbroking. Its segments are Global Consumer/Private Banking, Global Corporate/Investment Banking, Global Treasury and Markets, Insurance and OCBC Wing Hang. Global Consumer/Private Banking provides products and services to individual customers. Global Corporate/Investment Banking serves institutional customers ranging from large corporates and the public sector to small and medium enterprises. Global Treasury and Markets engages in foreign exchange activities, money market operations, fixed income and derivatives trading, and offers structured treasury products and financial solutions. Insurance provides both life and general insurance products. OCBC Wing Hang offers a range of commercial banking and related financial services.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 10.89.

The projected upper bound is: 11.46.

The projected lower bound is: 10.86.

The projected closing price is: 11.16.

OCBC closed down -0.060 at 11.160. Volume was 37% above average (neutral) and Bollinger Bands were 17% narrower than normal.

Open        High        Low          Close       Volume
11.180      11.210      11.050      11.160      6,764,900

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

Moving Averages: 10-period        50-period      200-period
Close:                       11.13                 11.13               10.19
Volatility:                14                      17                    16
Volume:                  4,209,486       4,839,136      5,273,933

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

OCBC is currently 9.5% above its 200-period moving average and is in an upward 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 OCBC.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on OCBC.SI and have had this outlook for the last 4 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 61.3207. This is not an overbought or oversold reading. The last signal was a sell 1 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 53.86. 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 43 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 50. This is not a topping or bottoming area. The last signal was a sell 0 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 buy 9 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.

One Response to "Oversea-Chinese Banking Corp. Limited (SGX:O39) HEFFX Highlights"

  1. Mathew Ma   October 3, 2017 at 3:20 am

    I want 2 no the stock number before the time.

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