Singapore Airlines Ltd. (SGX:C6L) HEFFX Highlights

Singapore Airlines Ltd. (SGX:C6L) HEFFX Highlights

Singapore Airlines Ltd. (SGX:C6L) HEFFX Highlights

  • BentSpoke announced as Singapore Airlines beer partner for Sydney and Melbourne
  • From this Sunday, BentSpoke’s Barley Griffin pale ale will be available on inbound and outbound Singapore Airlines flights between Singapore and Sydney or Melbourne.
  • Singapore Airlines’ Karl Schubert said the craft beer additions are part of the airlines’ ongoing dedication to a high quality food and beverage offering, as well as supporting local produce in the destinations they fly to.
  • “Over the last five years craft beer has had an incredible boost in both popularity and awareness, and it just feels right for us to put it on board,” Mr Schubert said.

Singapore Airlines Limited is engaged in passenger and cargo air transportation, engineering services, training of pilots, air charters and tour wholesaling and related activities. The Company’s segments include airline operations, engineering services, cargo operations and Others. The airline operations segment provides passenger air transportation. The engineering services segment is in the business of providing airframe maintenance and overhaul services, line maintenance, technical ground handling services and fleet management. The engineering services segment also manufactures aircraft cabin equipment, refurbishes aircraft galleys; provides technical and non-technical handling services, and repairs and overhauls hydro-mechanical aircraft equipment. The cargo operations segment is involved in air cargo transportation and related activities. The Others segment includes other services provided by the Company, such as the training of pilots, air charters and tour wholesaling.

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 10.26.

The projected upper bound is: 10.42.

The projected lower bound is: 9.86.

The projected closing price is: 10.14.

SIA LTD closed up 0.010 at 10.140. Volume was 15% below average (neutral) and Bollinger Bands were 45% narrower than normal.

Open         High        Low           Close         Volume
10.100      10.190     10.080      10.140      1,021,000

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

Moving Averages: 10-period    50-period     200-period
Close:                       10.14            10.34             10.09
Volatility:                10                 17                    17
Volume:                   822,510      1,191,664       1,206,361

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

SIA LTD is currently 0.4% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of SIAL.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on SIAL.SI and have had this outlook for the last 20 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 46.3415. 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 43.74. 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 32 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 -46. This is not a topping or bottoming area. The last signal was a buy 1 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 29 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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