Singapore Airlines Ltd. (SGX:C6L) HEFFX Highlights

Singapore Airlines Ltd. (SGX:C6L) HEFFX Highlights

Singapore Airlines Ltd. (SGX:C6L) HEFFX Highlights

  • Singapore Airlines and Latin American carrier Avianca have signed a codeshare deal
  • The codeshare, which will begin from September, will see Singapore Airlines (SIA) place its SQ code on Avianca’s flights from Heathrow and Barcelona to Bogota in Colombia.
  • Conversely, Avianca will place its AV code on SIA’s flights between Singapore and both Barcelona and Heathrow.
  • Tan Kai Ping, senior vice president marketing planning for Singapore Airlines, said: “This new codeshare agreement with Star Alliance partner Avianca provides our customers with seamless connections to Bogota, the financial and commercial centre of Colombia.”

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: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

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

By the way, prices are vulnerable to a correction towards 10.29.

The projected upper bound is: 10.80.

The projected lower bound is: 10.40.

The projected closing price is: 10.60.

SIA LTD closed down -0.010 at 10.590. Volume was 13% below average (neutral) and Bollinger Bands were 26% wider than normal.

Open      High      Low      Close      Volume
10.530      10.660     10.520     10.590      1,094,100

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

Moving Averages: 10-period      50-period     200-period
Close:      10.60      10.19      10.03
Volatility:      14       13      18
Volume:      1,455,790      1,156,236      1,315,678

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 5.6% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect moderate flows of volume into SIAL.SI (mildly bullish). Our trend forecasting oscillators are currently bullish on SIAL.SI and have had this outlook for the last 31 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 44.0862. This is not an overbought or oversold reading. The last signal was a sell 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 61.78. 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 3 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 42. This is not a topping or bottoming area. The last signal was a sell 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 0 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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